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CURRENT
BUSINES
UNITED STATES DEPARTMENT OF
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
DOMESTIC COMMERCE
An Official Publication of the Eureau of Foreign and
Domestic Commerce, Department of Commerce, Washington
DOMESTIC COMMERCE, a weekly bulletin of
the national economy, brings to business the aids
that are necessary in securing an understanding of
the broad economic problems confronting the
country. It provides authoritative information
on the results of research on behalf of business,
and broadcasts the policies and principles which
should be seriously considered. Special articles
by authorities in the fields covered appear in each
issue, together with data showing industrial conditions as reported by the Bureau's specialists.
Much information about Government that is of
interest is included; activities of trade associations
are covered, and a comprehensive list of new
books and reports; also contains a review of material that is of particular interest to businessmen.
DOMESTIC COMMERCE is available at $2 per year, in
advance. Subscription remittance should be by check or
money order, payable to the Bureau of Foreign and Domestic Commerce, and should be forwarded directly to
the Bureau in Washington.
SURVEY OF
CURRENT BUSINESS
OCTOBER 1942
ECONOMIC HIGHLIGHTS.
THE BUSINESS SITUATION.
MONTHLY ESTIMATES OF TOTAL CONSUMER
TURES, 1935-42
EXPENDI8
ALTERNATIVES IN WAR FINANCE.
15
CONSUMER EXPENDITURES FOR SELECTED GROUPS OF
SERVICES
23
STATISTICAL DATA:
Monthly business statistics.
General index
s-i
Inside back cover
Published by the Department of Commerce, JESSE H. JONES, Secretary, and issued through
the Bureau of Foreign and Domestic Commerce, CARROLL L. WILSON, Director
Volume 22
Number 10
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aSftSSft—42
1
SURVEY OF CUERENT BUSINESS
October 1942
Economic Highlights
Consumer Purchases Declining in Terms of
Real Goods
American consumers' total dollar expenditures for goods and
services reached all-time high level of $39.7 billions in first half
of 1942 on seasonally adjusted basis . . . but actual quantities
purchased during this period were less than in either half of
1941. Consumer seasonally adjusted expenditures (see chart)
BILLIONS OF DOLLARS
100
CURRENT DOLLARS
Farm Output 26 Percent Above 1935-39
American farm production, held back in recent years to
stabilize prices, has reached unprecedented high levels . . .
stimulated by favorable weather and rising prices. Department
of Agriculture 1942 index of total agricultural production estimated to be 26 percent above the average for 1935-39. Both
BILLIONS OF DOLLARS
12
1939 DOLLARS
WORLD
"WAR I
60
20
1st Haif
2nd Half
1939
1st Half
2nd Half
1st Hcrif
1940
2nd Half
1st Half
2nd Half
1942
194!
DO. 42-412
Consumer Expenditures Adjusted for Seasonal Variations (Half-Year
Totals Expressed at Annual Rate).
have increased in each 6-month period since 1939 when measured in current dollars of slowly declining purchasing power . . .
but when measured in constant (1939) dollars, physical volume
of purchases for each period is revealed and shows a decline
from peak level attained in last half of 1941 . . . since 1939,
proportion of each 6-month expenditure total attributable to
price inflation, shows rising trend . . . by first half of 1942, it
accounted for 13 percent of consumer expenditures . . . seems
virtually certain that physical quantity of goods available to
consumers will continue down for the duration. The physical
quantity of services available to consumers will increase somewhat over level of first half of 1942 . . . only a question of
time until they too start to shrink.
1914'15 '16 '17 '18 '19 '20'21 '22 '23 '24 '25 '26 '27 '28 '29 '30 '3! '32'33'34'35'36'37 '38'39 '40 '4P42
DO 42-405
Agricultural Production for Sale and for Consumption in the Farm Home
in 1935-39 Dollars by Calendar Years.
crops and livestock products output at record highs. Total
1942 meat production will be 22 billion pounds . . . a third
greater than the 1935-39 average . . . but 1942 demands for
meat stimulated by wartime conditions are considerably greater
than available supply.
Farm output estimate for 1942 includes: Wheat crop 980
million bushels, corn crop 3 billion bushels, 29 and 35 percent
above 1935-39; and 14-million-bale cotton crop, 5 percent
up . . . all these from a combined smaller acreage than in
1935-39 but aided by higher yields per acre. 1942 yields will
be: Wheat up 48 percent; corn up 39 percent; and cotton up
26 percent from 1935-39 . . . with output up, main problems
are shortages of harvest labor and transportation and storage
facilities.
Conversion of Motor Vehicle Industry to War Nearing Completion
Production of war materials
by automotive industry has
now virtually offset the slump
resulting from curtailment of
its civilian output which occurred in first half of this year.
. . . July shipments from both
new and converted facilities
approximate 90 p e r c e n t of
the high record at 1941 peak
of civilian buying. Motorvehicle parts and accessories
industry has led this recovery
with attainment of new alltime sales peak 23 percent
above January level . . . up
one-third over 1941 monthly
AVERAGE MONTH, 1939
300
100
250
200
150
100
1939
1940
1942
D. 0.42-302
Indexes of Shipments of Motor-Vehicle and Motor-Vehicle Parts and
Accessories Industries.
average and 2% times that of
1939.
Prior to 1941—as shown by
chart—trend of parts and accessories shipments was closely
related to trend of motorvehicle industry. But conversion of latter to munitions
manufacture early this year,
caused only slight reduction in
output of parts and accessories
plants because their conversion
was more simple, and their
products were easily diverted
with little or no modification to
military uses in tanks, bombers, and other war items.
SURVEY OF CURRENT BUSINESS
October 1942
The Business Situation
"DOWERFUL forces have now been mobilized against
-*• inflation. Again making economic history, the
Congress and the President early this month took
positive action in the shape of new legislation and a
new Executive order which seem reasonably adequate
to prevent much further inflation. On the basis of a
literal and broad interpretation of the new law and
the new Executive order, the Economic Stabilization
Director, aided by the Economic Stabilization Board,
appears to have all the nonlegislative powers necessary
to keep the cost of living within bounds. Under these
circumstances, should runaway living costs now materialize, the only possible conclusion would then be
that human beings even under the stress of desperate
war, are simply incapable of acting logically and
courageously for the common good and in their own
long-run economic best interests. Upon the assumption, however, that the Congress will in due time enact
fiscal measures appropriate to the needs of the emergency, and that the Economic Stabilization Director
will effectively use all the powers placed in his hands,
it now seems entirely reasonable to expect that this
will indeed be the first great war fought by this Nation
without the scourge of drastic inflation.
The two biggest loopholes in the Emergency Price
Control Act of 1942 were the exemption of the prices
of farm products and foods from ceilings below certain
high levels and the omission of any control over wages
and salaries. Thus important parts of the average
consumer's budget and the largest single element of
producers' costs were uncontrolled. The real significance of the new anti-inflation measures is that they
can, if effectively enforced, largely plug up these loopholes. By so doing, they will also slow down the
current rapid rate of growth in the national income.
An important part of the rise in the national income
in the first half of 1942 over the same 1941 period, as
may be seen from table 1, was due to price increases.
Henceforth, rising national income will be caused
much more exclusively by higher output alone.
Price Control Fairly Effective Since May.
The record shows that the General Maximum Price
Regulation issued on April 28 of this year has been
reasonably successful. During the 12 months prior to
its promulgation, wholesale prices as measured by the
Bureau of Labor Statistics' index had been rising 1%
percent a month and the cost-of-living index had risen
slightly more than 1 percent per month. Between
May and September 1942, the wholesale price index
has risen only about 0.5 percent altogether and the
cost-of-living index only 1.5 percent.
Despite this initial success, however, there were good
grounds for believing that far sterner tests of its effectiveness lay ahead as the volume of goods available for
consumers diminished while their income mounted
higher. The 1.5 percent cost-of-living increase just
mentioned was almost entirely the result of an advance
of approximately 10 percent in the prices of uncontrolled
foods. The chief danger was that continued rise in
food prices would set off a series of wage-increase
demands by workers whose level of living was pared
down thereby. This would have set the rising price
spiral in motion again. It was to prevent this threatened renewal of the rise that the President had on
Labor Day requested additional price-control legislation.
Chart 1.—Cost of Goods Purchased by Wage Earners and
Lower-Salaried Workers in Large Cities
1935-39 » 100
1935 - 3 9 - 100
140
ALL ITE
Table 1.—National Income, Cost of Living, and Hourly
Earnings
FOOD
120
Amount (billions of dollars)
Item
1941
1940,
second
half
First
half
Second
half
1942,
first
half
Percent
increase
MO
Second First
half
half
1941
1942
over
over
same
same
period period
1941
1940
•
•
100
**M
90
I 30
I I I M I M M I
0
/
y
/
MM.IMI.I
HOUSE F URNISHING s^
120
Total national income
Total compensation of employees
Salaries and wages
Other labor income
Entrepreneurial
. _.
Interest and dividends
Corporate savings
40.5
43.7
51.0
53.3
25.9
22.0
27.4
25.5
1.8
7.3
5.0
.7
30.5
28.5
1.9
7.5
46
34.4
32.7
1.7
9.9
53
37.9
36.1
18
9.8
46
1.2
1.4
1.1
25 5
28.2
—5 6
35.6
60
100.0
24 3
26.7
—5 3
30.7
00
-8.3
101.3
70.8
107.4
76.4
113.5
81.7
7.9
13.5+
12.0
15.4
Sources: National income, TJ. S. Department of Commerce; hourly earnings and
cost-of-living index on a 1935-39 base, from which the above index was computed,
U.
S. Department of Labor.
H H I I I I I H
1941
iMMl.MM
1942
.....I.....
1940
MM,
I,,,,
r
J
/
100
1940
99.5
67.3
H . l . f l l l l l
GLOTHIIS
/
M.ltllM.I
Cost of living (January 1941 =
100)
Average hourly earnings (cents) -
I.IMIMMI
100
/
I 10
IIO
90
130
120
i
110
100
90
1941
1942
D.D. 4S-352
1 Includes some items not shown separately in this chart.
Data are for the last month of each quarter through September 1940 and monthly
thereafter.
2
Source: U. S. Department of Labor,
SURVEY OF CURRENT BUSINESS
Centralized Economic Authority Set Up
The outstanding significance of President Roosevelt's Executive order of October 3 is that it establishes
the Economic Stabilization Director as the supreme
authority, responsible only to the President himself,
over national economic policies relating to the community standard of living. Paragraph 3 of title I of
the order merits quoting in this connection:
The Director, with the approval of the President, shall formulate and develop a comprehensive national economic policy
relating to the control of civilian purchasing power, prices, rents,
wages, salaries, profits, rationing, subsidies, and all related
matters—all for the purpose of preventing avoidable increases in
the cost of living, cooperating in minimizing the unnecessary
migration of labor from one business, industry, or region to
another, and facilitating the prosecution of the war. To give
effect to this comprehensive national economic policy the
Director shall have power to issue directives on policy to the
Federal departments and agencies concerned.
It is clear, therefore, that the Economic Stabilization
Director can determine national policy not only on
prices and the cost of living but also with regard to
wages and salaries, rationing, subsidies, profits, and
other important economic factors. Such a central
economic authority certainly seems to be essential to
the guidance of the war effort and hence represents a
significant forward step. The President's mandate to
the Economic Stabilization Director is to stabilize the
cost of living as nearly as possible at the September
15 level.
Wage and Salary Control Established.
Under this Executive order and the Anti-inflation
Act of October 2, Federal control over wages and
salaries now appears to be reasonably complete. No
changes, either up or down, are to be made in September 15 wage rates without the approval of the
National War Labor Board, and the Board can give
assent only if the change is necessary to correct maladjustments or inequalities, to eliminate substandards of
living, to correct gross inequities, or to aid in the
effective prosecution of the war. In and of themselves, these exceptions to the general wage freeze
leave sufficient latitude so that substantial wage increases can be made. There is nothing in the Executive directive which would prevent the Board from
continuing to apply "Little Steel" principles and thus
permit a blanket 15 percent increase in wages over the
January 1, 1941, level to compensate for the rise in the
cost of living since that time. The Board is, however,
bound by the general economic policy which is to be
formulated by the Economic Stabilization Director
Byrnes, with the approval of the President.
Agricultural Price Controls Extended
Early in September when the President requested
legislation which would permit the fixing of farmproduct price ceilings at parity or at levels of a recent
October 1942
date, whichever were higher, a number of agricultural
commodities were selling below parity prices. Many
others were, on the other hand, well over the parity
level but for a number of reasons had not been brought
under price control.
The gap in price control authority held open by the
restrictions upon setting agricultural ceilings has now
been reasonably well closed. Some commodities to be
sure will not come under control until their prices have
increased to a considerable extent, and the Price
Administrator has been directed by Congress to give
adequate weighting to the increased cost of farm labor
in setting ceilings for farm products or for goods
processed in whole or in substantial part from farm
products. In general, however, the major portion
(estimated at about 90 percent) of farm product prices
are now controlled and those increases which may still
come in the uncontrolled sector will not materially
increase the cost of living.
The wage freeze is important not only for its effect
on price stabilization but also for its effect on the alloChart 2.—Ratio of Actual Prices Received by Farmers to
Parity Prices for Selected Farm Products, Augustl5, 1942
PERCENT
2001
150
100
MMIIM
*Prices received by farmers August 15, 1942, were adjusted to include 1942 conservation and parity payments on corn and wheat, and 1942 conservation payments on
cotton. (No 1942 parity payments on cotton.)
Source: U. S. Department of Agriculture.
cation of manpower. Present wage differentials do, to
a considerable extent, encourage labor to shift into war
industries. Where still larger numbers of workers are
needed in war plants than are forthcoming at current
wage rates, direct Federal action may well have to be
taken to place them there. Meanwhile the wage freeze
will prevent nonessential civilian goods industries from
bidding up wages in an attempt to hold on to their
workers as long as possible.
Prior to October 3, rent stabilization had been confined to designated defense areas where housing was
scarce and where the opportunities for exorbitant rent
charges were excellent. Failure to control rents in
nondefense areas was the biggest single gap in the
Government's program to control the prices of services,
as rents are the largest service expenditure in the consumer's budget. Price Administrator Henderson, at
the request of the President, has now extended this
October 1942
SURVEY OF CURRENT BUSINESS
protection to renters throughout the Nation and will
order reductions in rent from present levels wherever
such action seems appropriate.
The Outlook for Price Stabilization
Sweeping as the Executive order was, and also the
new Anti-inflation Act, Director Byrnes will not have
complete authority over some elements affecting the
cost of living. Certain services are exempted by the
Emergency Price Control Act itself. Professional
services are the most important of these. Foods of a
highly seasonal character are also exempted, but it is
estimated that these form less than 10 percent of the
average food budget.
Trading up or emphasizing of better quality, higherpriced items, would, if generally practiced, lead to
higher prices per unit sold. Up-grading is illegal under
the price-control law and regulation, but is extremely
difficult to detect and prevent in some cases. The use
of substitute materials for those formerly used in
making consumer goods is also quite apt in some cases
to cause lowering of quality and hence, if sold at the
old price, a hidden price increase. Other hidden price
increases will come from curtailing or omitting various
services previously rendered in connection with the
sale of goods.
Most important of all, however, is the certainty that
some costs will inevitably rise and bring pressure against
the price ceilings. Labor costs will rise as less skilled
and less capable workers are employed. Finally, as
the volume of merchandise available for consumers
shrinks, the overhead cost per unit will rise. In most
such cases of rising costs, especially where the business
is essential and the profit margin has already been
shrunk to a minimum, either the ceiling prices will
have to be pierced or else some other form of relief
granted to the business concerned.
Finally, it may be noted that while the Economic
Stabilization Director will have extensive authority
over prices and costs, he will have to rely on Congress
for necessary fiscal legislation affecting price stabilization.
Some further rise in the cost of living is inevitable.
There are bound to be cases where commodity prices,
wages, and salaries are adjusted upward to prevent
inequities, inequalities, and hardship. Some goods
and services are still excluded from control and free
to rise in price. Price advances from these sources,
however, should be of minor importance. Consideration of all aspects of the outlook leads to the conclusion
that the Nation may look forward with confidence to a
generally successful stabilization of living costs.
Conversion to War Economy Progressing
On the home front, as well as on the fighting fronts,
there are casualties, dangers to be faced and hardships
to be endured. Automobile dealers were perhaps the
first group to experience severe casualties. Losses will
spread, however, as the economy nears complete mobilization and it is feared that small business enterprises
in particular will suffer heavily.
Shortages, in ever-widening circles, are steadily
becoming more characteristic and dominant. The
rubber shortage, made so clear to the public by the
Baruch Committee report, is unique in its circumstances
and importance. But more and more commodities
will arrive at typically similar situations and will need
similarly strong measures. Evidences of this trend
are the extension of rationing to fuel oil in certain areas,
plans for Nation-wide rationing of gasoline, agricultural implements, meats, rubber footwear, and other
consumer goods, the curtailment of additional civilian
construction, and the increased restrictions on using
scarce materials in the manufacture of civilian products.
Distributors will be especially hard hit. Their
gravest threat will be the growing scarcity of available
merchandise. Under Secretary of Commerce Wayne
C. Taylor in opening the hearings before the Senate
Small Business Committee estimated that, largely
because of merchandise shortages, the total number of
mercantile establishments will be reduced by perhaps
300,000 at the end of 1943. Some of this mortality
can be avoided by careful allocation on the part of
manufacturers and wholesalers of the available goods to
small distributors and also, perhaps, by the opening of
more small outlets close to neighborhood consumers to
avoid transportation difficulties.
September brought additional evidence to show that
our economy is still operating below its maximum
capacity. The Federal Keserve seasonally adjusted
industrial production index again moved to a new high
level. The same familiar pattern prevailed, with the
durable-goods industries in the lead and the nondurables sagging slightly. As usual, shipbuilding, aircraft,
machinery, and other industries closely associated with
the war effort gained the most.
The all-important mineral production index failed
to gain but this was largely due to the seasonal
adjustment which called for normal seasonal upswings
in fuels production that could hardly occur. Thus in
coal, there is normally a sharp rise in both bituminous
and anthracite production from August to September.
This year output continued at levels much higher than
normal during the summer and hence could not make
the usual gain during September. Nevertheless bituminous coal production rose 6 percent as against the
normal seasonal rise of 13 percent and anthracite was
up 19 compared to the usual 30 percent. Metallic
minerals advanced slightly and held steady^at the
record high level first attained in July.
Manpower
Mobilization of the Nation's manpower has reached
the critical phase in which short labor supply may seri-
SURVEY OF CURRENT BUSINESS
ously impede war production and disrupt essential
civilian activities. To meet wartime requirements, the
armed forces and civilian essential employment together
must be increased 7 or 8 million before the end of 1943.
Shortages of male labor are already acute in some areas
and for some skills, and will become general over the
next year. It will be necessary to extend the employment of women, which is increasing rapidly, to include
large numbers of women homemakers not now in the
labor force.
Labor reserves over the Nation as a whole appear
ample to provide these additional women workers—
Chart 3.—Civilian Employment and Unemployment1
MILLIONS OF PERSONS
October 1942
Table 2.—Civilian Employment and Unemployment
[Millions]
Item
Civilian employment
Nonagricultural
Employees in nonagricultural establishments
_
Manufacturing
Mining
Construct ion
Transportation and public utilities
Trade
Finance, service, and miscellaneous
Go vernmen t
Self-employed, proprietors, domestics, e t c .
Agricultural
Unemployment
June,
Decem-
1940
ber, 1941
August,
1942
47.6
36.6
50.2
41.9
54.0
42.8
30.6
10.4
.9
1.6
3.0
6.6
4.1
4.0
6.0
11.0
8.6
36.1
13.6
1.0
1.9
3.3
7.5
4.2
4.6
5.8
8.3
3.8
37. 8
15.0
.9
2.1
3.5
6.5
4.3
5.4
5.0
11.2
2.2
Sources: U. S. Department of Commerce, except employees in nonagricultural
establishments—IT. S. Department of Labor.
80
60
UNEMPLOYMENT
40
*:••.• l-x'.'-vAGRICULTURAL
EMPLOYMENT:-'.•*.•'••'•••:•'••'• j > l i
NONAGRICULTURAL EMPLOYMENT
OTHER THAN MANUFACTURING
///////////////////////////
20
1940
1941
1942
D.D.42-4I6
I Data for Employment do not include institutional population.
Sources: U. S. Department of Commerce, except Manufacturing Employment
which is estimated by the U. S. Department of Labor.
4 million or more. This fact alone, however, does not
assure an adequate supply of labor. The latter will
depend, in part, upon training in new skills large numbers of recruits to the labor force and other workers.
It will also involve the relocation of workers in areas
where they are needed. Serious problems of labor
supply may be encountered in regions of concentrated
war production, because of shortages in housing and
related community facilities which greatly increase the
difficulties of attracting there and retaining adequate
work forces.
Largest demands upon the labor force will be made
by the military establishments, which are expected to
absorb not less than 5 million more men before reaching
their peak strength. The labor requirements of war
manufacturing, however, will also be substantial.
Manufacturing employment, which rose 4.6 million
from June 1940 to last August, will need to advance
approximately another 4.0 million by December 1943
to achieve fully the wartime output now planned.
More workers will also be required in mining, transportation, utilities, and government—about 900,000 in all.
Declining activity, on the other hand, in construction
once the peak of military building has been passed, and
in trade and services, may release as many as 2.5 million.
It is expected also that by the end of 1943, perhaps
500,000 fewer persons will be engaged in other, nonagricultural pursuits (self-employed, ^proprietors, and do
mestic servants) and in agriculture. Farm labor requirements in the period from spring planting to autumn
harvests next year may be as large as during the 1942
season, but agriculture presumably can dispense with
several hundred thousand of its year-round workers.
Industrial labor requirements to December 1943, it
should be noted, depend upon several variables besides
expected output. The most important of these is probably the rapid adoption of labor-saving innovations in
production methods in many branches of war manufacturing. It is yet too early to appraise fully the effects
of these improved methods in reducing the manpower
required for war production. Measures successfully
lowering the high rates of turn-over in the working forces
of many war plants would doubtless also contribute to
a somewhat larger output per worker, and so reduce
labor requirements. Another important variable is
weekly hours per worker, which may be increased under
pressure of labor shortages, especially in those nonwar
activities where hours are still far short of the work
week prevailing in war industries.
Indicated heavy demands upon the labor force must
be met, for the most part, by drawing women homemakers into wartime industrial employment. Unemployed workers now number only a little over 2 million,
of whom a substantial part are either unemployable or
only temporarily out of work while changing jobs.
Assuming that unemployment may ultimately be reduced to 1 million, and counting upon a normal increment in the labor force of at least 900,000, a labor force
deficiency of several million will still remain to be made
up by recourse to labor reserves, comprising selected
groups of nonworkers.
There are, for example, more than ^^million nonfarm women without children under 16 years of age
engaged currently as homemakers. ? A substantial proportion of these may be expected to take industrial
employment under prospective conditions'if it is offered
in the vicinity of their homes. In addition, nearly
2 million students over 18 years of age, about half of
them young women, would be-: available either* for
service in the armed forces or for industrial employment,
SURVEY OF CURRENT BUSINESS
October 1942
Table 3.—Labor Force and Nonworkers, November 1941 1
Item
Population 14 years of age and over 2
Labor and armed forces
Labor force _
Employed civilian workers
Unemployed workers
Armed forces __
Nonworkers
Homemakers
Students
Unabij or too old to work
Other .
.
Number
(millions)
101.6
56.2
54 1
50.2
3.9
2.1
45.4
29.9
8.9
5.5
1.1
1
November 1941 is the last month for which official statistics of the total armed
forces have been published. More recent estimates of nonworkers cannot be published
since
they would reveal the size of the armed forces subsequent to that date.
2
Exclusive of persons in institutions.
Sources: U. S. Department of Commerce; data on armed forces from U. S. Department of Labor.
should it be deemed advisable to interrupt their education.
The industrial employment of the large number of
women that will be necessary—estimated at about
4 million—involves a special problem of placement.
The fact that women, especially those in the upper-age
brackets who are expected to respond most readily to
wartime recruitment, are not fully adaptable to many
of the jobs that must be filled, may call for considerable
shifting of men into such jobs from work that can be
taken over by women.
Labor shortages exist at present and may become far
more serious over the next 15 months, although summary analysis of the Nation's total labor force and
reserves suggests that there need be no Nation-wide
shortage of workers at the peak of the war effort.
This seeming paradox is due to the fact that labor
supply, to be effective, must possess certain occupational characteristics and be located in the vicinity of
the jobs to be filled.
Means of overcoming shortages of skills are being
utilized extensively, and include not only training
before and after placement, and upgrading of workers
as they gain skill and experience, but also job breakdown (often associated with the innovations in production technique mentioned above) to obviate the
need for highly skilled workmen. It is true, of course,
that some advanced skills cannot be dispensed with,
and constitute real bottlenecks. In general, however,
war production mounts rapidly despite reported
shortages—in many instances, extreme shortages of
skilled workmen—by reason of great success in adapting
plant operations to the occupational characteristics of
the available labor supply.
Local shortages of labor in war-production areas, of
which a considerable number have already developed
and more are anticipated before peak output is attained, arise principally from the lack of adequate
housing. With few exceptions, there is no dearth of
migrant labor for war industries in these areas. But
housing conditions are often such that the migrant
labor supply cannot be stabilized sufficiently for training and assimilation into war-plant work forces. Other
factors making for instability are inadequate local
transportation and high living costs in these areas.
Four chief means of attacking these local shortages
are:
(1) Provision of additional housing for in-migrant
workers and their families. The construction of war
housing is subject, of course, to prevailing shortages of
critical materials, and apparently cannot be relied upon
fully to remove local labor shortages.
(2) Maximum utilization of the local labor force and
reserves, including women, minority groups, handicapped and older workers. Even with full use of local
labor, however, shortages and the need for further inmigration are indicated in many war-production areas.
(3) Curtailment of nonwar activities to release
workers for war plants in the area. In most instance?,
this will probably take the form of industrial concentration, shifting output to other plants in labor surplus
areas.
(4) Transferring war work to labor surplus areas.
This would depend, of course, upon the availability of
industrial facilities for war work in such areas.
In summary, the swiftly developing problem of manpower shortage is not Nation-wide but strictly localized
in various war-industry areas. The key problem is to
get the necessary numbers of men and women with the
required skills to these localities and then to keep them
there. It is essentially a matter of moving people from
where they are not essential to other places and jobs
where they are. There are good grounds for believing
that strong measures will be needed to achieve this
manpower mobilization at the peak of the war effort.
8
SURVEY OF CUREENT BUSINESS
October 1942
Monthly Estimates of Total Consumer
Expenditures, 193 5-42l
By William C. Shelton and Louis J. Paradiso
T
HE volume of consumer expenditures for goods and
services is important in wartime for two reasons.
It is important as a measure of the material welfare of
consumers and also of consumer demand for the products of the economic system. At the present time, the
emphasis is upon the demand aspect, since there is reason to fear that consumer demand will outrun supply
and therefore bring great pressure on the price level.
As more and more of our economic resources are devoted to the war effort, the level of living of civilians
will be of greater and greater concern.
In order to provide information on consumer expenditures, the Bureau of Foreign and Domestic Commerce
has undertaken to prepare monthly estimates for major
groups of goods and services. Figures on sales of retail
stores by kind of business, which are closely related to
consumer expenditures for goods, were published in a
previous article.2 In the present article, monthly estimates are presented of total consumer expenditures, of
consumer expenditures for goods and services, and of
consumer expenditures for eight major groups of services.3 In addition, the relationship between sales of
retail stores and consumer expenditures for goods is
also indicated.
Table 1.—Consumer Expenditures for Goods and Services,
by Years
[Millions of dollars]
Year
Total,
Goods
Services excluding
Gifts
gifts
1929
1933
1935
1936
1937
1938
1939 . . .
1940
1941 . .
1942*
44,297
24,085
31,160
35,372
38,585
36.198
38, 542
41,322
48, 621
51, 575
24,546
17,059
18, 715
20, 223
21, 700
21, 810
22,393
23,542
25, 207
27,455
68,842
41,144
49,875
55, 594
60,284
58,008
60,935
64,864
73,828
79,030
1,783
1,002
1,068
1,156
1,268
1,186
1,104
1,169
1,164
1,250
Total,
including
gifts
70,625
42,146
50, 943
56,751
61, 552
59,194
62, 039
66, 033
74,993
80,280
Total, excluding
gifts,
1935-39
dollars
56,198
44, 528
50, 841
56, 099
58,699
57,548
61, 303
64, 518
70,111
67, 770
* Preliminary.
Consumer Expenditures in Record Volume.
Despite the fact that
version of many plants
production of war goods,
products, the restriction
this year has seen the conand whole industries to the
the rationing of many civilian
of consumer credit, and the
1
Acknowledgment is made to Bernard Beckler, who assisted in the statistical
part of this study.
2
Monthly Estimates of Sales of All Retail Stores, 1935-41, Survey of Current Business, October 1941.
3
Consumer expenditures for major groups of goods will appear in a later issue of
the Survey. More detailed annual estimates for five of the major groups of services
appear in the article, Consumer Expenditures for Selected Groups of Services,
1929-41, in this issue.
expansion of consumer savings in war bonds, nevertheless the quantity of physical goods and services purchased by consumers will exceed that of any other year
except 1941. In fact quantity of consumer goods and
services purchased this year will be only 3 percent below
the record level of last year, and because of higher
prices the dollar expenditures will be 7 percent greater—
reaching a record 1942 total of 79 billion. What is
equally significant is that the average quantity of
goods and services purchased per capita this year will
be almost one-tenth greater than that of 1929.
Chart 1.—Use of Consumer Income Adjusted for Seasonal
Variations (Quarterly Totals Expressed at Annual Rate)
BILLIONS OF DOLLARS
120
100
40
20
1935
1936
1937
1938
1939
1940
1941
1942
0.0. 42-420
Source: U. S. Department of Commerce.
The conclusion to be drawn from this is clear. Except for a few rationed items, consumers are still able
to satisfy nearly as much of their needs as ever. With
income payments of 114 billion dollars this year, or 22
billions more than last year, consumers have more purchasing power than they ever had, despite the fact that
their savings will be at record levels, and more of their
incomes will go for taxes. Thus, the civilian level of
living has been affected but little in the first full year
of this Nation at war.
Two reasons account for this condition. The first is
that stocks of consumer goods have been built up to
unprecedented levels over the past year. Reduced new
supplies of goods have recently been supplemented by
withdrawal from inventories and thus most goods are
still available in ample quantities. But more important
than this is the fact that many plants are still producing nonessential civilian goods. Encouraging as the
war production records are, the Nation is far from having achieved total mobilization of its resources for war.
Many plants still continue to produce goods other
than those necessary to meet war and essential civilian
needs.
9
SURVEY OF CURRENT BUSINESS
October 1942
Chart 2.—Consumer Expenditures for Goods
and Services
in Current and 1939 Dollars1
BILLIONS OF DOLLARS
5.5
BILLIONS OF DOLLARS
3.5
5.0
3.0
4.5
2.5
of the expansion in direct taxes, gifts, and savings this
year. The inability to purchase certain rationed goods
such as automobiles, tires, and gasoline apparently was
not compensated for immediately by the purchase of
more of other commodities. Nevertheless quantities
of goods purchased were still at high levels.
Table 2.—Monthly Indexes of Consumer Expenditures for
Goods and Services, 1935-42
[Adjusted for seasonal variations; 1935-39 = 100]
Year and month Goods
1941
1942
1941
1942
O.D. 42-421
1
Data for Services subsequent to June 1942 were not available in time to include
them in this chart.
Source: U. S. Department of Commerce.
It is not to be concluded from the foregoing that consumers are able to buy all of the goods which they
normally would purchase on the basis of their
disposable incomes this year. In fact with their 1942
disposable incomes, consumers would purchase about
59 billion dollars' worth of goods if they had followed
the usual saving-expenditure pattern. See chart 3.
Chart 3.—Relationship between Consumer Expenditures
for
Goods and Disposable Income of Individuals1
55
/
/
50
*
2A
/'4tB
'29
/
'4 0A/r'40B
£o40
*'39B
37
"
UJ
#
1935:
January
81.5
February
85. 9
March
85.7
April
84.9
May
83.4
87. 5
June
85.8
July
87.4
August
87.8
September
87.6
October
89.6
November
90. G
December
1936:
January
90.9
February
91. 9
March
93. 6
April
94. 7
May
96 7
June
_ . . 98.7
July
99.7
August
99. 9
September
99.4
October
101.6
103. 0
November
December
103.4
1937:
102. 9
January
February
104.8
March
107. 5
April
108.2
109. 9
May
June__ _
108.2
July
109. 5
109. 7
August
September
110.0
October
109. 4
November
J04.4
December
102.2
1938:
102.9
January
February _
100.5
March
. . . 99. 7
April
99. 6
May
. . 97.7
98.0
June_
- 99. 9
July
August..
99.3
September
100.2
October
101.2
103.1
November
104.4
December
Services
87 3
86.8
87.1
88.0
88.6
88.5
89.0
89.9
90.7
91.5
92.0
91.7
92.9
92.0
93.2
94.5
95 7
96.1
97.1
97.7
98.4
99. 5
99.4
100.3
100.4
101.4
102. 1
102.7
102.8
103.8
104.3
104. 9
104. 9
105.4
104. 9
103. 9
103. 6
103. 4
103.0
103. 6
103.3
103. 6
104.3
104.1
104.5
104. 7
105. 3
105. 6
Total
1939:
January
February
March
April.
May
JuneJuly
August
September
October
November
December
1940:
91.6
January
91.9
February.
93.5
March—
94. 6
April.
96 3
May
97.7
June_,._
98.7
July
99.1
August
99.0
September
100. 8
October
101.7
November
102.3
December
1941:
102. 0
January
103.5
February.- __
105.5
March
....
106. 2
April
107.3
May—
....
June
100.(5
107.6
July
107.9
August.. . . .
108. 1
September
107.9
October
104.6 1
November102. 8
December
1942:
103.2
January
101.6
February..
100. 9
March__*_._ ._
101. 1
April
99. 8
May__
100. 1
June_.._
101. 5 i
July
101.1 1 August - _. . . _
101.8
102.5 !
103.9
104.8 ;
83 6
86.2
86. 2
86.0
85.3
87.9
87.0
88.3
88.9
89.0
90. 5
90. 6
Serv-
Year and montt
Total
104. 5
104.7
105. 2
106.6
105.7
105. 6
106.9
106. 3
110.1
108.9
110.4
112.1
105 7
105 7
105 1
105 4
106 4
106 5
107 1
107 1
107 8
107 4
107.9
108 8
104.9
105.1
105.2
106.2
106.0
105.9
107.0
106. 6
109.3
108.3
109. 5
110.9
111.1
111.4
113.5
111.1
113.1
115.2
113.8
117.2
113. 5
113.5
120.3
120.2
110 6
111 6
112 2
110. 9
111. 3
111. 6
111. 8
112. 8
113. 3
113. 2
113. 4
114. 9
110.9
111.5
113.0
111.0
112.4
113.9
113.1
115.6
113.4
113.4
117.8
118.2
123. 8
128.2
128. 1
129.8
134.9
135. 0
140.4
148.7
137.7
133.4
142. 6
138.3
116. 2
118.6
117. 0
119. 2
118.0
119. 4
121. 3
120. 7
120.6
122. 5
124. 1
126. 1
121.0
124.7
124.0
125.9
128.7
129. 3
133. 4
138.4
131. 4
129.4
135. 8
133. 8
145. 9
145.3
143. 7
143.5
142.0
148.5
155. 5
126. 6
127. 0
128. 4
129. 9
131. 2
131. 8
131. 5
132. 0
142.1
138. 9
139.1
138.6
139. 0
138.2
142.2
146.8
_C0
/
/
/
/
/
? SEASONAL
A - FIRST HALF 1 ADJUSTED FO
VARIATIONS VA
O EXPRESSED
B- SECOND HALF) AT ANNUAL R
»TE.
25
20
40
50
60
70
80
90
100
110
DISPOSABLE INCOME (BILLIONS OF DOLLARS) D.D. 42-423
1
Data for the last half of 1941 and the first half of 1942 were omitted in fitting the
line of relationship.
Source: IT. S. Department of Commerce.
Actually expenditures for goods this year will amount
to about 52 billion dollars. The difference of 7 billion
is accounted for by the fact that consumers this year
will save about 7 percent more of their incomes than is
normally the case in such forms as cash savings, War
bonds, and reduction of outstanding debts. This is
clearly seen in chart 1 which indicates the magnitude
4SG23G—42
2
Trends in recent months, however, clearly point to
reduced supplies of goods available to consumers in the
near future. The quantity of goods purchased by
consumers has been declining steadily from the peak
level attained in August 1941. As a result, the quantity purchased in August 1942 was 9 percent below this
peak level. The quantity of services has been increasing steadily but in recent months at a declining rate.
Strong evidence of the trend toward reduction in
supplies is seen in the steady decline of wholesale
inventories during the past 5 months—averaging 100
million dollars per month. Stocks of retail stores are
also beginning to be depleted. With more and more of
our resources being diverted for war purposes less goods
will be available for civilian use so that distributors
must continue to draw on irreplaceable stocks to meet
heavier demands of consumers stemming from their
10
SURVEY OF CURRENT BUSINESS
Table 3.—Consumer Expenditures for Services, by Groups
October 1942
Payments on installment and open credit accounts are
treated as savings.
Purchases of houses and other investments are
Group
1933
1936
1938 1939 1940 1941
treated as savings rather than as expenditures for
Housing
6, 924 7,001 7,227 7,1
7,886 8,031 8, 232 8,574
current consumption and have been excluded from the
Home maintenance
760 1,056 1,225 1,430 1,362 1,397 1,512 1,548
1,663
Household utilities
1,920 1,807 1.880 1,959 2,035 2,102 2,187 2,324 2,444
estimates. Purchases of other durable goods, however,
992 1.209 1,360 1,489 1,470 1,472 1,559 1,772
Personal care
1,931
Transportation
3,306J 1,745 2,003 2,266 2,427 2,293 2,394 2,352 2,589
such
as automobiles and furniture are included.
Medical care and death
2, 784 1,812 2,C
expenses
2,313 2,456 2,454 2,572 2. 766 3.014
Sales
taxes even when levied directly on the purchaser
Recreation
1, 597 1,033 1,210 1,361 1,511 1, 509 1,531 1,773 1,948
Other
2,417 1,986 2,268 2,513 2,743 2,733 2,809 3,024 3,319
are classed as expenditures since consumer behavior is
24, 546 17,059 18, 715 20, 223 21, 700 21,810 22, 393 23, 542 25, 207 much the same as if the price were higher by the
All services
amount of the tax rate. Individual income, personal
ever-increasing incomes. Thus, the need for the ration- property, estate, inheritance, gift, and poll taxes, howing of more goods and for taking strong measures to ever, as well as automobile registrations and operators'
channel more of consumer spending power into savings licenses and hunting and fishing licenses are classed as
and taxes is clearly indicated. This is the basic problem direct personal taxes and are excluded from the
of the civilian wartime economy.
estimates.
Religious and charitable contributions are outlays
Chart 4.—Relationship between Consumer Expenditures for
Services and Disposable Income of Individuals
which do not constitute a material service purchased
4b
in the market and are excluded from the monthly estimates. For some purposes, however, it is desirable to
include these outlays and they are shown as an addi30
tional item in the annual totals in table 1.
Tips given as payment for services rendered, however,
25
are classed as a consumer expenditure.
38
Goods are defined as tangible commodities. In the
9J^J'39B7
•36 y^*
20
present estimates, they include such things as meals
and eyeglasses which have sometimes been treated as
services.
Services are items of expenditure for which no
15
tangible commodity is received. In the present estimates they include several items which are border-line
10
cases and might very well be included in the goods
40
50
60
70
80
90
100
110
group, namely: Manufactured and natural gas, elecDISPOSABLE INCOME (BILLIONS OF DOLLARS) o.a4s-4ze
Source: TJ. S. Department of Commerce.
tricity, water rent, and repairs to automobiles and other
consumer goods.
What Are Consumer Expenditures ?
Certain nonmoney expenditures are included in the
Consumer expenditures are defined as outlays made
present
estimates because they are included in the inby individuals for securing goods and services in order
come
payments
series of the Bureau. These are:
to satisfy their own needs and desires. In the present
(1)
The
value
of
farm
production retained for home use,
estimates persons living in institutional or quasi(2)
the
value
of
food
and
housing received as wages in
institutional groups such as the Army and Navy are
kind
in
productive
enterprises,
(3) the value of merconsidered individuals insofar as they spend as indichandise
withdrawn
by
retail
store
owners for family
viduals.
use
and
not
recorded
as
sales,
(4)
depreciation (but
While the concept of consumer expenditure is fairly
not
rental
value)
of
owner-occupied
homes, and (5)
clear-cut, in practice arbitrary decisions must be made
rental
value
of
rented
farm
homes.
with respect to the inclusion or exclusion of certain
consumer outlays. These decisions are followed in Estimates of Expenditures for Goods.
these estimates indicated below but are not to be conAs already indicated, the estimates of expenditures
strued as the final word on the subject.
for goods are based principally on sales of retail stores.4
Expenditures presented here exclude sales from one Table 4 shows in summary the deductions from and
consumer to another, and thus the figures are those that additions to sales of retail stores in order to arrive at
would appear on the expenditures side of a consolidated consumer expenditures. For the years for which a
income statement for all consumers in the United Census of Retail Trade was taken, namely, 1929, 1933,
States. Illegal expenditures such as horse-race betting 1935, and 1939, these deductions and additions were
at ''bookie" establishments and purchases of hard estimated in detail. The methods followed will now be
liquors in dry States are excluded.
briefly summarized.
Consumer expenditures include both cash purchases
* Sales of retail stores appear currently on pages S-6 and S-7 of the Survey. For a
and purchases on open credit and installment accounts. description of this series see the Survey of Current Business for October 1941.
[Millions of dollars]
'42 A
-—•
'40AJ9^-J9
,_
'39 A
L*
'29
'40 B
'35
A-FIRST
HALF
1 ADJUSTED FOR SEASONAL
i
VARIATIQNS
B-SECOND HALF)
AT
|
ANNUAL
M
D
RAT£.
EXPRESS£D
SURVEY OF CURRENT BUSINESS
October 1942
Table 4.—Sales of Retail Stores and Consumer Expenditures
for Goods, Census Years
[Millions of dollars]
11
from the Study of Consumer Purchases. Trade-ins for
other goods are small.7
Additions to Sales of Retail Stores.
Item
1929
Sales of retail stores
48,459
Less sales not constituting consumer expenditures
for goods:
Automotive stores *
Building materials and hardware dealers 2
Filling stations 3
Fuel and ice dealers 3
Feed and farm supply stores
Office equipment and supply stores...
Ketail stores not listed above
Total
.
-
- - .
Add consumer expenditures for goods not included
in sales of retail stores: 2
Construction materials
Other goods purchased from:
Wholesalers * 1
Manufacturers
Farmers
Coal mines
Service establishments _
Government and nonprofit institutions..
Sales taxes.
_. _
__. _
Food received as wages in kind
__ _.
Entrepreneurial withdrawals in kind 5
Farm production retained for home use
Total
Equals consumer expenditures for goods
__
1933
1935
1939
24, 517 32, 791
42,042
3,672
3,348
635
282
904
324
633
1,310
1,147
580
173
374
112
307
2,263
1,570
723
221
558
163
390
3,125
2,338
1,077
261
725
209
644
9,797
4,003
5,887
8,378
120
41
64
88
411
1,226
684
59
837
128
440
741
396
59
484
105
158
315
1,699
104
177
1,023
360
806
525
56
606
122
(4)
138
260
1,320
515
759
526
79
665
151
392
166
295
1,244
5,635
3,570
4,256
4,879
44,297
24,085
31,160
38, 542
1 For convenience, consumer expenditures for new automobiles were estimated
directly and treated as if all sales were made by retailers. The latter assumption
does
net affect total consumer expenditures for goods.
2
Construction materials bought by consumers for repair of owner-occupied homes
were not allocated as to place of purchase. All construction materials scld by retailers were deducted as nonconsumer sales, and consumer purchases of construction
materials
were added back in as a separate item of consumer expenditures for goods.
3
Fuel-oil retailers are included in filling stations in 1929 and 1933.
*5 The Census of Business defined sales to include sales taxes in 1935.
Excludes food received by domestic servants and farm laborers since food
furnished them is included either in sales of retail stores or in farm production retained
for home use.
Deductions From Sales of Retail Stores.
A considerable proportion of retail sales do not represent consumer expenditures for goods. The deductions that must be made from sales can be grouped
under four headings: (1) Sales of goods not for consumer use, such as building materials, trucks, farm
machinery, feed, office equipment, and a considerable
proportion of automobiles, gasoline, hardware, fuel, and
ice; (2) trade-in allowances;5 (3) sales to other retailers
for resale; and (4) sales of services made by stores previously selling commodities.6
The amounts of the last two items are shown separately in the Census of Retail Trade. Estimates of
nonconsumer sales are based principally on the commodity sales reports shown by the Census for nearly
all kinds of business in 1939, although rather arbitrary
allocations had to be made in some cases. Estimates
of trade-in allowances on automobiles are based on the
ratio of net to gross price of new and of used automobiles
as shown by Bureau of Home Economics tabulations
5
Sales of retail stores are defined by the Bureau of the Census as net after deducting
returned goods, and allowances, but before deducting allowances for trade-ins taken
as part payment for new merchandise. Thus, an automobile dealer should report as
sales the value of both the new cars he sells and of the used cars taken in trade which
he resells without deducting the value of the trade-in allowances on any transactions.
6 Receipts from consumers for service sales are included in consumer expenditures
for the appropriate group of services.
In addition to their expenditures at retail stores,
consumers purchase goods from other segments of the
economy. Estimates of sales by wholesalers and manufacturers to consumers were obtained from the release on
sales by classes of customers from the Census of Wholesale Trade and the report on Distribution of Manufactures' Sales of the Bureau of the Census by deducting
sales of construction materials and sales for farm business use.
Another addition to consumer purchases in retail
stores is purchases directly from farmers.
About one-half of farmers' sales direct to consumers
are through local farm dairies and are estimated by
the Department of Agriculture. Other farm sales are
estimates compiled by the Bureau of Foreign and Domestic Commerce with the help of Department of
Agriculture specialists. These presumably include sales
through farm markets, temporary roadside stands and
house-to-house delivery.
Still another addition is the goods sold in service
establishments. These are principally meals and beverage sales based on the Census of Hotels but also include
merchandise sales from establishments covered in the
Censuses of Services, Amusements, and Tourist Courts
and Camps.
Consumer expenditures for construction materials
must also be included when they are made for repairing
owner-occupied homes where the work is done by the
owner. They were estimated at 20 percent of the
total expenditures for repair of owner-occupied homes.8
The base figure for the latter total is taken from the
Study of Consumer Purchases for 1935-36.
Sales taxes collected by retailers directly from customers and paid by them directly to local or State
taxing agencies were not included in retail sales in the
1939 census. The amount of sales taxes paid directly
by consumers was estimated for the calendar year 1939
on the basis of sales tax reports by kind of business
received directly from State governments and of the
Bureau of the Census State Tax Collections reports for
fiscal years 1939 and 1940.
Of the three nonmoney items included in consumer
expenditures for goods, Department of Agriculture
estimates were used for the value of farm production
7 The Department of Commerce Retail Credit Survey shows that down payments
on the credit sales of household appliances average about 10 percent. Where there is
a trade-in, it is usually the down payment. On the basis of this indirect evidence, 10
percent of retail sales of three commodity groups, namely stoves and ranges, household appliances, and radios and musical instruments, were deducted as trade-ins on
all merchandise except automobiles in 1939. This came to 104 million dollars. In
1935,10 percent was also used, but in 1933, 8 percent was used; in 1929, 5 percent, since
trade-ins were less important in these years.
s The remaining 80 percent is included under housing in consumer expenditures
for services.
12
SURVEY OF CURRENT BUSINESS
retained for home use, and Bureau of Foreign and Domestic Commerce figures were used for food received as
wages in kind. Entrepreneurial withdrawals in kind
were estimated as a part of the present study.9 All
these imputed items of expenditures are estimated at
cost or selling price—farm production at prices received
by farmers, wages in kind at cost to employer, and
entrepreneurial withdrawals at cost to them.
Monthly Goods Expenditures.
Monthly estimates of consumer expenditures for
goods as well as annual estimates for intercensal years
are based on monthly estimates of sales of retail stores.
For 6 of the 10 major groups of retail stores, namely,
food, eating and drinking,10 apparel, houshold furnishings, general merchandise, and drug. The dollars sales
were used to represent the consumer expenditures for
goods except that a small deduction was made from
aggregate sales for the 6 groups as a whole to allow for
sales not constituting consumer expenditures for goods.
For the remaining 4 major retail groups of retail stores
the estimates were based on their dollar sales, but they
take into account different weighting and different
adjustments to totals for census years.
Table 5 shows the estimates of sales and consumer
expenditures for these major groups. In comparing the
first half of 1941 with the first half of 1942, it will be
seen that the chief reason for the 2.3-billion-dollar increase in consumer expenditures for goods with only 0.8
billion increase in sales of retail stores is the fact that
9
This was done on the assumption that each individual proprietorship in the retail
food business, for example, fed one family which had average food expenditures.
These expenditures which wTere at retail prices were expressed in terms of wholesale
prices by using the average retail food store mark-up.
!o New series of sales of eating and drinking places and "other retail stores" groups
are now being used in the sales ot retail stores series, and these new series are also
used in estimating the consumer expenditures presented here. Quarterly totals in
the newT eating and drinking series are based on sales tax receipts from eating and
drinking places in four States adjusted to the 1935 and 1939 censuses; month-tomonth changes are based on percentage changes from the independent store sample
of the Bureau of the Census. The new "other retail stores" series is a combination
of five separate series on (1) liquor stores; (2) fuel, ice, and fuel oil dealers; (3) hay,
grain, feed, and farm supply stores; (4) jewelry stores; and (5) the remaining retail
stores in the "other" group.
October 1942
consumer expenditures at automotive stores is less than
half as large as sales of automotive stores and that
automotive sales declined in the first half of 1942 to less
than one-third of their value in the first half of 1941.
Monthly estimates of consumer expenditures for
goods not included in sales of retail stores were separately prepared and seasonally adjusted for (1) garages,
(2) hotels, (3) Military Establishments, (4) the value of
farm production retained for home use, and (5) for all
other expenditures.
Estimates of Expenditures for Services.
For five of the eight major groups into which consumer expenditures for services have been classified in
table 7 annual estimates are presented in great detail in
the last article in this issue on Consumer Expenditures
for Selected Groups of Services, 1929-41.n
Croups used in the services article
Household
utilities
and
communications.
Services related to attire, personal
appearance, and comfort.
User-operated transportation, purchased
transportation, foreign travel.
Medical care and death expenses.
Recreation.
Tuition and educational fees privately
paid.
Gifts and bequests, personal remittances
abroad.
Corresponding groups used in this article
Household utilities.
Personal services.
Transportation.
Medical care and death expenses.
Eecreation.
Not shown separately; included in
"other services" group.
Not included in estimates for goods or
services but shown separately in
table 1.
For the three remaining groups, housing, home maintenance, and other services, detailed estimates wore
prepared for 1929, 1933, 1935, and 1939 as a part of the
present study,, Under housing, estimates were prepared for rent paid by renters, ownership expenses including depreciation for owner-occupied homes, rent of
both permanent and transient lodgers in hotels, schools,
etc., but not in boarding and lodging houses.12 Home
11
In this article monthly estimates of services were prepared for eight major groups.
The next article on services presents a much more detailed list of grouping.
For the convenience of the reader the following tabulation gives a reconciliation
between the grouping used in the two articles"
12
Income received from boarders and lodgers is excluded here because it is excluded
from income payments.
Table 5.—Comparison of Sales of Retail Stores and Consumer Expenditures for Goods, by Kind of Business, by Years, 1935-40,
and by Half Years, 1941-42
[Millions of dollars]
1941
Kind of business
1935
1936
1937
1938
1939
First
half
Food, eating and drinking, apparel, household furnishings, general merchandise, and drug stores:
Sales
Consumer expenditures for goods
Filling stations:
Sales
_
.Consumer expenditures for goods
Building materials and hardware dealers:
Sales
._
--...
Consumer expenditures for goods
Automotive stores:
Sales
Consumer expenditures for goods
Other retail stores:
Sales
Consumer expenditures for goods
Consumer expenditures for goods not included in sales of retail stores
.
Sales of all retail stores
Total consumer expenditures for goods
.
1942
1940
Second
half
First
half
21 662
21, 346
24 282
23, 901
26 523
26, 079
25 333
24, 882
26,715
26, 212
28, 303
27, 748
14 920
14, 622
18 232
17,865
17 960
17,593
1,968
1, 245
2,330
1,461
2 679
1,660
2, 693
1, 669
2,822
1,746
2, 982
1,844
1, 589
988
1,911
1.197
1,619
965
1,864
294
2, 374
358
2, 687
401
2,480
370
2,735
396
2, 987
422
1,655
231
2, 067
283
1,928
4,237
1,974
5, 498
2, 538
6,044
2,710
4,472
1,905
5, 549
2,424
6,819
3,013
4,792
2,159
3,434
1, 505
1, 558
551
3, 060
2, 046
4, 256
3, 614
2,438
4, 676
4,033
2 722
5, 013
3,870
2, 639
4,734
4,221
2,886
4,879
4,714
3,241
5,054
2,520
1, 676
2, 719
3. 053
2. 120
3, 256
3.244
2, 118
3, 202
32, 791
31,160
38, 098
35, 372
41,965
38, 585
38, 848
36,198
42, 042
38, 542
45, 807
41, 322
25, 476
22, 394
28, 697
26, 228
26, 309
24, 706
13
SURVEY OF CURRENT BUSINESS
October 1942
Table 6.—Consumer Expenditures for Goods and Services for Selected Periods
(Millions of dollars)
Goods
Total
Period
Services
Total
Included
in sales of
retail
stores
Farm
home
production
Other
Total
Housing
Home
maintenance
Housebold
utilities
Personal
services
Transportation
Medical
care a n d
death
68, 842
41, 144
44, 297
24, 085
38. 662
20, 515
1,699
1, 023
3, 936
2, 547
24, 546
17, 059
8,928
6, 924
1,663
760
1,920
1,807
1,931
992
3,306
1,745
2,784
1,812
1, 597
1,033
2,417
1,986
11,389
12,493
12,260
13, 633
6, 807
7, 875
7, 641
8,835
5, 845
6,816
6, 573
7, 671
301
317
338
366
661
745
731
798
4,582
4,616
4,719
4,798
1,739
1,744
1,752
1,768
249
259
269
279
509
453
424
494
277
312
315
303
446
483
578
497
536
517
506
532
279
291
301
340
547
556
575
588
49, 875
31,160
26, 904
1,320
2,936
18, 715
7,001
1,056
1,880
1,209
2,003
2,089
1,210
2,268
12 440
13,897
13,881
15,377
7 551
8,910
8,744
10,167
6, 513
7,772
7, 540
8,870
304
310
372
387
734
828
832
909
4,889
4,985
5,139
5,210
1,784
1, 795
1, 812
1,836
287
299
312
327
542
468
437
512
301
359
357
344
497
543
659
567
579
570
568
596
300
335
351
375
601
618
642
652
55, 594
35, 372
30, 695
1,374
3,302
20,223
7,227
1,225
1,959
1,360
2,266
2,313
1,361
2,513
13,968
15, 278
15,089
15,951
8,645
9,891
9, 571
10, 477
7,494
8 642
8,289
9,146
833
924
899
947
5,322
5,387
5,517
5,475
1,860
1,890
1, 913
1,945
348
362
363
357
550
488
460
536
337
392
394
366
545
596
717
569
677
602
583
595
338
377
387
410
666
679
700
697
60, 284
38, 585
33, 572
1,410
3,603
21, 700
7,608
1,430
2,035
1,489
2,427
2,456
1,511
2,743
13,
14,
14,
15,
593
372
205
838
8,169
8,966
8,726
10, 337
7,056
7, 805
7, 553
9,051
308
299
332
345
805
863
841
941
5,423
5,405
5,480
5, 501
1,962
1,967
1,973
1, 984
346
338
336
341
573
507
477
546
342
388
378
362
532
558
651
552
619
601
606
629
363
369
375
402
685
679
685
685
Total .
1939:
January
February
ATarch
April
May
June
July
August -__
September
October
November
December _
58,008
36,198
31,464
1,283
3,451
21,810
7,886
1,362
2,102
1,470
2,293
2,454
1,509
2,733
4, 615
4,465
4,982
5 008
5,130
5, 036
4,847
4, 968
5,232
5,322
5,252
6,078
2,749
2,623
3,133
3 163
3,283
3,187
2,970
3,096
3,347
3,437
3,383
4,172
2,375
2, 268
2,740
2 767
2,877
2,786
2, 580
2,692
2,916
2,999
2,954
3,710
102
93
96
94
97
96
101
106
116
124
113
106
272
262
297
302
309
305
289
298
315
314
316
356
1,866
1,842
1,849
1, 846
1,847
1,850
1,877
1,872
1, 884
1,884
1,870
1,906
664
665
665
667
667
669
667
671
673
675
675
672
114
115
115
115
116
116
116
116
117
118
119
120
210
200
193
185
174
168
162
161
169
176
188
201
114
112
116
120
130
134
129
124
127
126
120
120
182
170
189
190
198
210
233
235
218
195
180
194
224
234
225
214
207
205
203
202
206
210
213
228
126
117
116
124
124
116
131
126
137
146
137
129
232
229
230
230
231
232
236
236
238
238
237
241
Total
1P40:
January
February _
AT arch
April
Afay
June
July
August
September. .
October
November .
December
60, 935
38, 542
33, 663
1,244
3,635
22, 393
8,031
1,397
2,187
1,472
2,394
2,572
1,531
2,809
4, 956
4, 862
5, 323
5 271
5,433
5 342
5,158
5 369
5, 334
5, 675
5, 674
6, 466
2,999
2,902
3,362
3 328
3,499
3 404
3,212
3 413
3, 360
3, 689
3, 706
4, 450
2,612
2,528
2, 958
2 920
3,078
2 995
2,808
2 989
2,938
3,228
3,252
3, 962
100
94
93
94
96
94
101
103
112
125
113
107
287
280
311
314
325
315
303
321
310
336
341
381
1,956
1,960
1, 962
1,944
1,934
1,939
1,946
1 956
1,974
1,986
1,968
2,017
678
680
680
684
683
684
684
689
691
694
693
692
122
123
124
126
127
133
133
129
126
123
122
122
224
218
206
194
184
177
171
171
177
185
200
218
117
116
123
129
136
142
133
133
137
133
129
129
185
173
197
189
195
204
202
214
208
201
185
199
243
255
244
233
224
220
221
219
220
224
224
238
141
148
138
142
136
128
149
147
159
169
158
156
248
248
249
247
248
249
251
253
256
257
256
262
64, 864
41, 322
36, 268
1,233
3,821
23, 542
8,232
1,512
2,324
1,559
2,352
2,766
1,773
3,024
5,373
5,253
5,771
6, 060
6,271
6,048
6, 063
6 340
6,316
6, 459
6,388
7,487
3,316
3,188
3,725
3, 973
4, 217
3, 975
3,949
4 247
4,216
4, 309
4.233
5,274
2,896
2,785
3,279
3,501
3,720
3,494
3, 456
3 718
3, 681
3, 751
3,693
4,673
101
94
97
101
107
108
116
130
143
152
139
134
319
309
349
371
390
373
377
399
392
406
401
467
2,057
2,065
2,047
2,087
2,053
2, 074
2,114
2 093
2,100
2,150
2,155
2.213
698
701
701
707
708
710
712
719
723
729
733
732
123
123
123
126
132
133
134
130
129
129
134
134
230
221
214
204
191
185
181
181
188
198
216
235
128
129
132
151
152
156
158
153
159
156
151
148
190
183
212
210
215
• 218
232
241
222
222
210
234
259
271
263
249
240
240
241
241
244
250
251
266
162
169
135
168
145
157
175
150
156
182
175
174
267
268
267
272
271
275
280
279
280
285
284
289
73, 828
48, 621
42, 647
1, 421
4,554
25, 207
8,574
1,548
2,444
1,772
2,589
3,014
1,948
3,319
6,340
5,862
6,449
6,557
6, 536
6,519
4,097
3,648
4,203
4.281
4,253
4,230
3, 566
3,165
3,679
3,731
3,701
3,666
124
113
117
123
123
128
407
370
407
427
430
435
2,244
2,214
2,246
2,276
2,282
2, 289
739
742
745
752
754
750
136
135
140
144
147
148
260
243
234
220
207
198
148
146
152
166
175
179
221
206
230
239
258
263
278
284
279
270
262
261
170
172
176
197
191
203
292
287
288
290
288
287
1929, total
1933, total
1935:
First quarter
Second quarter
Third quarter
Fourth quarter
Total
. _
1936:
First quarter
Second quarter
Third quarter
Fourth quarter
Total
. _. _
Recreation
1937:
First quarter _
Second quarter
Third quarter
Fourth quarter
Total
1938:
First quarter
Second quarter
Third quarter
Fourth quarter
..
.
. ...
Total
1941:
January
February. _
ATarch
April
ATay _ _
J unc
July
August
September
October
November
December
Total .
1942:
January .
February
March
April
May
_
._..-..
_
_ _ .
. . .
.
...
June
...
_.
319
325
383
384
maintenance includes domestic service; moving, express,
and freight; insurance, storage, cleaning, repair, and
other services to household furnishings.
The "other services" group includes private fees for
education; interest on consumer loans other than mortgages; that part of life-insurance premiums which repre
Other
sents costs of selling and handling of insurance and
settling claims; certain occupational expenses such as
union and professional association dues, employment
agency fees, stock brokerage fees, and payments for
property management; and miscellaneous items the
chief of which is legal expenses.
14
SURVEY OF CURRENT BUSINESS
October 1942
Table 7.—Indexes of Consumer Expenditures for Goods and Services for Selected Periods
[1935-39 = 100]
Adjusted for seasonal variations
Unadjusted
Services
Goods i
Period
1929,total
1933, total
1935:
First quarter
Second quarter..
Third quarter. _.
Fourth quarter.
Total
1936:
First quarter
Second quarter.
Third quarter...
Fourth quarter.
Total Goods l Services Total
120.9
PerHome Housesonal
hold
lous- Mainteserving
nance utiliices
ties i
128.1
77.1
116.3
75.2
117.1
81.4
118.2
91.7
128.5
58.7
94.5
88.9
137.9
70.8
145.2
76.7
117.1
76.3
112.1
72.6
92.5
76.0
103.9
96.7
99.4
84.2
86.3
87.4
88.9
87.1
88.4
91.7
92.0
92.4
92.9
93.6
77.2
80.1
83.1
86.0
90.2
92.7
93.3
94.7
85.3
84.3
87.2
88.9
84.8
85.5
89.3
91.6
83.6
88.3
89.2
90.9
82.0
83.4
83.3
90.5
83.9
85.2
88.1
89.9
89.3
92.7
81.6
92.5
86.4
88.0
87.9
84.9
86.8
92.7
95.4
97.7
99.7
94.4
95.1
96.2
97.3
88.7
92.4
96.6
101.0
94.8
95.5
96.3
98.5
92.5
96.7
98.5
100.5
93.5
96.2
101.4
105. 5
90.5
97.4
100.2
101.8
88.4
96.1
97.3
99.8
91.9
94. 6
98.2
99.9
120.9
72.3
123.1
67.0
123.7
65.6
87.6
86.5
95.4
76.7
87.4
84.6
97.8
87.7
88.1
84.4
85.3
87.0
89.1
83.8
83.3
86.6
91.4
85.3
86.4
88.1
90.0
87.6
86.6
89.3
87.6
86.6
86.1
97.6
98.3
96.4
97.6
98.9
107.4
105.6
111.5
97.2
110.1
105.8
115.8
101.9
102.9
105.1
104.3
103.7
106.7
107.9
105.1
Total
1938:
First quarter
Second quarter
Third quarter
Fourth quarter
105.9
107.3
103.5
105.9
96.4
101.1
99.4
110.6
92.1
96.5
113.9
103.8
103.2
104.4
104.8
101.9
100.3
101. 5
103.7
Total-.
101.9
100.6
104.0
101.9
97.4
99.2
102.5
107.2
106.6
106.3
101. 9
102.3
111.2
111.3
112.0
128. 3
92.2
94.5
100.8
107.9
107.4
106. 4
99.0
99.7
112.9
113.6
114.8
139.8
106.4
107.3
105.4
105.9
105.3
106. 2
107.0
106.7
108.2
107. 4
107.3
108.7
104.9
105.1
105.2
106.2
106.0
105.9
107.0
106.6
109.3
108.3
109.5
110.9
Total
1940:
January
February. _
March
April
May
June
July
August
September.
October
November.
December..
107.0
107.1
106.8
98.1
100.6
110.5
111.1
114.5
116.1
105.0
109.3
117.3
118.8
125.1
150.1
111.5
113.3
111.9
111.6
110.3
111.3
110.9
111.5
113.3
113. 3
113.0
115.0
Total
1941:
January
February
March
April
May
June
July
August
September
October
November
December
113.'
114.9
111.7
116.9
120.3
127.9
129.9
129.9
125.9
132.1
134.8
132.
138.4
155.6
108.5
114.9
122.4
132.7
137.3
136.2
129.1
139.5
143.1
138.6
146.9
172.8
Total
1942:
January
February
March
April
May
June
129.
131.
130.
134.
138.
138.
137.
1
Total
117.1
81.4
84.0
99.3
96.6
112.3
1939:
January
February.._
March
April
May
June
July
August
September _
October
November..
December..
delud- Farm
ed in
home Other
lales of producretail
tion
stores
123.1
67.0
87.4
97.8
97.1
107.5
Total
1937:
First quarter
Second quarter.
Third quarter...
Fourth quarter.
Total
93.3
95.2
97.9
99.2
92.3
96.2
98.9
101.6
92.1
96.7
99.5
92.0
96.2
99.5
101.0
Trans3ortation i
Medial care Recreation
and
death
Other
91.9
96.5
99.4
102.7
99.1
101.8
106.4
105.4
98.3
98.2
103.6
97.6
96.4
95.7
94.7
96.4
97.1
99.5
97.3
95.6
96.2
105.1
108.8
109.7
105.3
105.0
109.0
109.9
105.3
105. 6
106.5
109.4
104.1
105.3
107.2
107.8
105.3
101.3
103.1
104.7
104.7
98.5
100.1
101. 5
103.0
107.6
111.9
112. 3
110.2
97.5
99.8
101.2
103.0
103.5
106.0
108.5
107.0
104.7
105.9
108.9
105.4
105.8
102.8
102.9
101.7
99.6
107.9
107. 2
109.0
102.1
103.9
107.2
106. 7
107.3
107.4
106.3
106.4
103. 5
100.8
110.5
100.1
106.3
106.6
103.3
106.1
105.0
101.0
98.4
102.9
100.9
98.3
99.9
103.2
101.4
97.8
95.1
93.8
102.4
100.2
100.9
104.1
103. 9
104. 2
104.6
105.1
106.9
104.6
104.1
105.4
101.4
103.4
105.1
105.0
105.3
104.9
104.4
105.7
102.3
99.0
99.8
102.0
96.8
102.6
106.8
107.7
107.7
105.4
103.9
106. 9
104.9
103. 9
104.8
104.8
100.6
100.7
96.7
101.9
104. 0
104. 4
105.3
103.4
105.0
100.7
103.2
105.9
104.6
104.5
104.7
105.2
106.6
105.7
105.6
106.9
106.3
110.1
108.9
110.4
112.1
104.8
104.9
105. 6
107.1
106.2
106.0
107.6
106.8
110.6
109.5
111.1
112.9
95.9
96.7
95.8
93.8
94.7
93.1
91.5
92.0
93.7
93.0
93.3
93.9
105. 0
105.6
105.6
106. 8
105.7
106. 5
106.0
106. 8
111.2
109.2
109.9
111.3
105. 7
105.7
105.1
105.4
106. 4
106.5
107.1
107.1
107.8
107. 4
107.9
108.8
105. 3
105.5
105. 8
105. 9
106.1
106.4
10b. 4
106. 7
1.06. 9
107. 0
107.1
107. 3
106.0
106.5
106. 6
106. 8
107.1
107.2
107.6
108.0
108.8
109.4
110.3
111.2
106.2
107.2
107.1
107.3
107.5
108.2
107.7
108.1
109.1
108.4
109.1
108.2
105. 8
105.0
95.9
100.5
105. 2
105.4
105. 9
104. 3
104.4
106.1
106.5
108.6
105.2
104.6
102.0
103. 4
106.0
107.8
107.9
105. 9
106.0
102.2
103.3
104.8
106.3
107.0
106.8
106.7
107.4
107.0
106. 7
107.6
109.0
109.8
111.0
113.5
105.7
105.8
107.6
104.8
106. 3
101. 9
107.7
108.8
111.1
109.1
110.0
110.1
106. 4
105.2
105.4
105.5
106.0
106. 6
108.4
108.3
109.2
109.3
108.8
110.8
107.0
107.1
107.7
107.4
106.1
106. 4
108.0
107.6
105.2
105. 2
108.2
107.5
107.5
110.9
111.5
113.0
111.0
112.4
113.9
113.1
115.6
113.4
113.4
117.8
118.2
111.1
111.4
113.5
111.1
113.1
115.2
113.8
117.2
113. 5
113.5
120.3
120.2
112.0
112.4
114.5
112.0
114.1
116.5
115.1
118.6
114.6
114.2
121. 6
121.3
94.2
93.9
93.0
94.7
94.2
90.
91.0
89.5
90. 7
93.9
93.3
94.
108.6
108.7
112.0
109.2
110.9
111.7
109.9
113.9
112.4
114.3
117
119.7
110.6
111.6
112.2
110.9
111.3
111.6
111.8
112.8
113.3
113.2
113.4
114.9
107. 5
107. 8
108. 2
108. 4
108. 7
108. 9
109. 0
109. 6
109. 8
110.0
110.0
110.4
112.8
114.1
115.4
116.7
118.1
123.6
123. 7
120.0
116.9
114.3
113.2
113.3
113.2
112.7
114.2
112.3
114.0
113.9
113.6
115.0
114.5
114.2
115.9
117. 1
108.0
109.0
110.8
108. 1
109.8
112.4
109.4
111.6
112.9
112.4
114.7
117.0
105. 5
101.9
106.9
102.5
103.5
103. 9
98.3
101.4
103.8
104.6
104.7
106.4
115.5
116.7
115.9
115.9
116.1
114.8
116. 4
116.8
116.2
117.2
116.7
118. 5
118.3
133.0
127.6
120.5
116. 3
112.7
122. 6
126. 6
129. 3
126. 2
127.4
132.9
113.7
114.0
114.2
113.6
113.7
114.5
115.4
116.3
117.5
118.1
117.6
120.3
112.3
113.9
114.!
116.0
93.0
112.'
112.3
109. 0
116.8
114.4
111.3
103.3
116.4
124. 5
115.7
117.3
120.2
116.7
119.8
117.1
119.0
120. 5
119.4
120.5
122.6
123.
126.2
121.0
124.7
124.0
125. 9
128.7
129.3
133.4
138.4
131.4
129.4
135.8
133.8
123.!
128.2
128.1
129. 8
134. 9
135. 0
140.4
148.7
137.7
133.4
142.6
138.3
125.3
129.8
129.6
131. 0
136. 4
136.4
142.2
150.6
138.
133.7
143.8
138.5
95.3
96.5
97.1
101.3
104.4
104.6
104.7
113.0
115.
114.4
114.6
118.0
120.3
124.4
125.3
129.1
132.2
132.9
136. 2
143.
138. 6
137.3
141.5
143.7
116.2
118. 6
117.0
119.2
118.0
119. 4
121.3
120.7
120. 6
122.5
124.1
126.1
110.7
111.2
111.6
112.2
112.6
113.0
113.5
114. 3
114.9
115.6
116.2
116.9
113.9
113.8
114.2
116.9
122.0
123.1
123.8
120.4
119.5
119.5
124.2
124.3
116.7
118.3
118.9
118.2
117.8
119.0
120.4
121.8
121.3
122.2
125. 6
126.2
118.3
121.1
118.7
126.3
122.3
123.4
129.7
128.4
130.4
131.9
133.7
133.9
107.1
112.3
114.7
113.6
113.9
111.1
112.8
114.3
111.7
115.4
118.7
124.7
123.2
124.0
124.7
123.8
124.3
125. 1
126. 7
128.3
129.0
130.7
130.8
132. 1
136.1
152.5
124.7
142.6
124.0
138.2
143.9
128. 8
126.2
135. 8
140. 5
148.2
122.7
123.3
122.6
125.1
124.3
126.1
128.8
128.3
128.8
130. 7
130.5
132.8
135.2
120.2
129.7
135.2
136.4
107.1
134.
120.2
113.5
119.6
120.2
126.6
113.7
126.8
136. 8
127.0
133.2
131.4
138.9
142.8
143.0
141.0
127.9
128.9
128.0
130.
130.1
131.3
142.1
138.9
139.1
138.6
139.0
138.2
151.1
145.9
154.3
143.
143. 5
142.0
152.3
146.8
146.2
143.9
143.7
141.6
116.9
116.5
116.8
122.9
120.5
124.1
151.9
148.5
147.2
148.8
149. 6
152.1
126.6
127.0
128.4
129.9
131.2
131.8
117.3
117.8
125.8
124.9
130.1
133.2
136.0
137.2
131.9
129.9
130.0
127.6
127.7
127.5
136. 4
137.0
137.4
138.6
141.5
141.3
122.9
124. 4
123.5
128.8
136.9
134.7
132.3
130.0
132.5
134.4
135.6
136.0
142.3
154.8
162.7
166.6
163.0
178.2
134. 0
131.7
1 ?»2. 3
132. 9
132.4
13.1.8
118.5
119.3
120. 0
119.2
Expenditures were divided by number of working days in month before being converted
to maexes.
indexes.
vertea to
Monthly Service Expenditures.
Monthly estimates were prepared for the period 1935
to date for eight major groups of services. The estimates for five of the major groups—household utilities,
personal services, transportation, medical care and
death expenses, and recreation—-were prepared by
components and adjusted for each year 1935 through
1941 to the annual estimates shown in the next
article.
(Continued on p. 22)
October 1942
SURVEY OF CURRENT BUSINESS
15
Alternatives in War Finance
By Thomas K. Hitch 2
now evident that the financial requirements of
ITtheis war
will be staggering. In the first 2 years of
the defense program, the Federal Government spent
nearly 50 billion dollars. According to the revised
budget, expenditures during the present fiscal year
alone will total 77.5 billion dollars.3 Beyond that
the requirements are indefinite, but Congress has
already appropriated 220 billion dollars for war
purposes.
By any comparison, even the figure of 77.5 biDion
dollars for fiscal 1943 is tremendous. It is more than
twice the sum of America's World War I expenditures.
It is over one-third the total monetary cost of World
War I to all belligerents. It represents, as shown in
chart 2, approximately one-half the gross product of
the Nation in fiscal 1943. It is a sum so large that the
raising of it will be one of the most important, and at
the same time most difficult, economic problems the
country has ever faced.
Before discussing the various alternative methods of
war financing, it will be instructive to review the
financing record of this country during the last war
and during the present war to date. Such a review
will also aid in appraising the outlook for the coming
fiscal year.
World War I Financing
During the period of the last World War, the Federal
Government raised 33.6 billion dollars (April 5, 1917,
to June 30, 1919). For the war to have been financed
without inflation, it would, in general, have been
necessary for this sum to have been raised without
recourse to credit or currency expansion. The two
sources of such noninflationary financing are taxes and
borrowing from current income. Hence it is relevant
to analyze the extent to which these two sources were
exploited.
Total nonloan revenue, as shown in table 2, during
this period amounted to only 9.4 billion dollars. Consequently, the other 24.2 billion had to be raised
through borrowing.
At first glance, it would seem that this 24.2 billiondollar increase in the public debt was rather effectively
placed outside the banking system. Total bank holdings of Government securities increased, in the two
fiscal years 1918 and 1919, only by 3.4 billions—indi1
The Survey, in publishing this article, is not attempting to reflect the views of
the Department of Commerce, but rather to offer its readers a discussion of one of
the Nation's most important economic problems.
2 The writer would like to acknowledge the contribution made by C. A. R. Ward well,
of the Bureau of Foreign and Domestic Commerce, in the preparation of this article.
3
Since this article was written, expenditure estimates for fiscal 1943 have been
increased to 85.2 billion dollars. This is due to expanding war production, rising
prices, and increases in the pay of the armed forces.
eating that nonbanking purchasers absorbed 20.8 billions of the increment of the public debt. This monetary contribution, taken with the additional 9.4 billion
dollars paid in taxes, would appear to have reduced
private purchasing power nearly as much as public
purchasing power was increased.
There were operating, however, several inflationary
factors concealed by these figures. In the first place,
the banks of the country held approximately 1 billion
more of Government securities in early May 1919 than
they did at the end of June. This, taken with the fact
that their holdings of Government securities were
somewhat less on April 5, 1917, than on June 30 of that
year, means that, in the 2 years following our declaration of war, bank holdings increased some 4.5 billion
dollars—a significant credit expansion.
Second, the "borrow to buy" aspect of World War I
financing was probably as inflationary as the actual
purchase of Government securities by banks. Loans
to purchasers of bonds could be discounted by member
banks at preferential rates which customarily equaled
the interest rate on the bond itself. The extent of this
credit expansion by individuals for Government use
has been variously estimated at from 2 to 3 billion
dollars.
Finally, it is worth noting that the five successive Liberty loans were really refunding operations. Throughout the period, Government fiscal needs were met by
the issuance of short-term, securities known as certificates of indebtedness. These were taken entirely by
the banks, which paid for them by the creation of
Government deposit accounts. From time to time,
these bank loans would be repaid with the proceeds
of the Liberty bonds, which as we have seen were
largely lodged in nonbanking hands.
The time element in this sequence of events is important. Government expenditures were financed with
bank credit—which resulted in an expansion of private
purchasing power. The public then used some of its
enlarged income to purchase the subsequently issued
long-term bonds. The net result was of course more
expansionary than if the Treasury had borrowed from
the public at the time it was making its expenditures.4
The effect of this program of war financing was the
creation of a disequilibrium of demand and supply
which, not being corrected by an increase in savings, resulted in inflationary price rises. The disequilibrium
arose from the fact that vast Government purchases re4
It is worth noting that a considerable volume of bank credit was created for the
use of private business both before and after our entry into the war. This factor,
taken with the creation of deposit currency for the use of the Government, caused
bank deposits to double between 1914 and 1920.
SURVEY OF CURRENT BUSINESS
16
duced the supply of goods available for civilian consumption, while civilian demand was not reduced proportionately by fiscal policy. The necessary reduction
in civilian consumption was therefore enforced by inflation.
The aftermath of the war-financing program was probably worse than its immediate effects. Despite the
elimination of most excess purchasing power by price
rises during the war, individuals and business were able
to embark upon a buying spree when the war was over
that spiraled the cost of living upward 29 percent between November 1918 and June 1920. The removal of
price controls together with the unleashing of tremendous pent-up demand for goods and services which
had been foregone during the stringent war years, led
to an increased demand which industry could not fulfill.
The following table summarizes some of the major
economic trends during the war period.
Table 1.—Economic Trends in World War I, 1913-20
[All series except indexes in billions of dollars]
Year
1913
1914
1915
1916
1917
1918
1919
1920
National
income !
Index of
total
physical
produc' tion 2
Net
U. S.
exports 3
31 4
31.2
32 5
38.7
46 4
57. 0
03. 0
68.4
100
102
116
123
128
127
119
127
0. 7
.3
1.8
3.1
3.3
3.1
4.0
2.9
Index
Reserve
Index
Deof
Bank
of
posits, credit outwholecost of
all
standsale
6
4
living
banks
ing 5
prices 6
17.5
18.6
19.2
22.8
26. 4
28.8
33.6
37.9
0. 06
0.16
0. 52
1.72
2.63
3. 39
100.0
101.4
102. 5
110.0
129.5
152. 2
175.0
202. 8
100
98
100
122
168
188
199
221
ference Board Study No. 241.
le U. S.. I). 188.
This series excludes the
Our Financing Record to Date
The launching of the defense and rearmament program in mid-1940 resulted in a spectacular increase in
Government expenditures, thereby once again lifting
the problems of war finance out of the theoretical realm
and giving them urgent practical importance. The
desirability of raising a large portion of the required
revenue by taxation, and borrowing the remainder out of
savings from income rather than from credit-creating
institutions was at once recognized. To that end, taxes
were increased twice in 1940, and again in late 1941.
In addition, early this year the President called for a
7 billion dollar increase in tax levies. To the same end,
bond sales to individuals and to nonbanking institutions
have been pushed with vigor by the Treasury.
The results of the first 2 years of defense and war
financing are shown in table 2, where comparison is also
made with our war financing record of 1917-19.
As the table shows, one-third the bonds sold in the
2-year period 1940-42 have gone directly into the hands
of credit-creating banking institutions. This has been
the main cause of the 22 percent increase in bank
October 1924
Table 2.—Sources of Federal Revenue, April 5, 1917, to J u n e
30, 1919, compared with July 1, 1940, to June 30, 1942
Billions of dollars
Percent
Source of income
1917-19
Total revenue
Taxes and other noiloan revenue
Borrowing
From banks l
Direct
Indirect 2
From others
33.6
9.4
24.2
6.9
3.4
3.5
17.3
1940-42 i 1917-19 j 1940-42
48.9
20.4
28.5
9.8
9.8
0.0
18.7
100
28
72
21
10
11
51
100
42
58
20
20
0
38
1
The 1940-42 figure of direct borrowing refers only to borrowing from commercial
and Federal Reserve banks. T h e 1917-19 figure is slightly inflated since it includes
all banks.
2 As explained in the text, commercial banks extended credit to individuals to purchase Government securities on a large scale. This figure represents that indirect
borrowing from banks, together with an allowance for the 1 billion dollar additional
holding by banks of Government securities shortly before the end of fiscal 1919.
Sources: II. S. Treasury and Board of Governors of the Federal Reserve System.
deposits during the period, and it cannot be disassociated from the 56 percent increase in money in circulation, 45 percent increase in income payments, 27 percent increase in wholesale prices, and 16 percent
increase in the cost of living.
Efforts to mitigate this inflationary surge by removing its basis of increased purchasing power have been
increasingly exerted, but in each case they have lagged
behind the increase in incomes arising from rapidly
enlarged war expenditures.5
Despite the several increases in tax rates and the
extra increases in tax revenues due to higher incomes,
the percentage of total revenue raised by taxes has been
steadily decreasing since the start of the defense program. As chart 1 indicates, nonloan revenues contributed 66 percent of total Federal income in fiscal
1940, 53 percent in 1941, and only 37 percent in 1942.
The other facet of noninnationary financing—the
selling of bonds to individuals and to nonbanking
institutions—has been developed with greater success.
The percentage of loan proceeds that w^as contributed
by the commercial and Federal Reserve banks increased
considerably in fiscal 1941 as compared with 1940
(48 percent compared with 30 percent), but this trend
was reversed in fiscal 1942. The reversal has undoubtedly been due to the fact that vigorous efforts have been
made to expand the nonbanking market for bonds.
Six billion dollars of War Savings bonds w^ere sold in
fiscal 1942, compared with 1.4 billions in 1941, and sales
to insurance companies, savings banks, fiduciaries,
corporations, and Government agencies have been
expanded more rapidly than sales to commercial banks.
Whether the sale of bonds to nonbanking institutions
and to individuals reduces private expenditures or
whether it simply mobilizes idle savings is a crucial
question to which there can be no definite answer.
There are, however, two indicators. One is the fact
that some 18 million workers are participating in the
5
Probably more important than fiscal policy in delaying inflation has been the
spectacular increase in savings and a probable draft on inventories of some civilian
goods. The depletion oi inventories will stop the latter, and there are indications
that the increase in savings is temporary since it reflects an inability to purchase
consumer durable goods and a necessity to retire consumer debt.
October 1942
SURVEY OF CURRENT BUSINESS
pay-deductions program of the Treasury for the purchase of War Savings bonds, and the pay so deducted
(190 million dollars in July) probably reduces consumption expenditures an equal amount. Set against
this consideration, however, is the fact that over half
the War Savings bonds sold in fiscal 1942 were in
denominations of 1,000 dollars or larger. Purchasers of
such large denomination bonds can probably be assumed
to be large-scale investors.
Many of the foregoing data relating to financing
during the past 2 years are presented in graphic form
in chart 1, which shows the sources of Federal income
since mid-1940.6 The chart also presents an estimate
Chart 1.—Sources of Federal Income by Fiscal Years
BILLIONS OF DOLLARS
80
17
War Savings bonds will increase sufficiently to average
1 billion dollars a month, or 12 billions for the year.
Other estimates allow an additional 3 billion dollar net
sale of tax anticipation notes (or their equivalent in
at-source tax collections starting next January). With
the proposed 2-billion-dollar increase in social-security
levies, the various Government trust funds and agencies
may take 5 billions Mutual savings banks and insurance companies may take some 2.5 billion dollars worth
of bonds, and other nonbanking purchasers (mainly
corporations) may more than double their purchases to
5 billions. This indicates the probabilities of nonbank borrowing. Unless such borrowing is expanded,
the Government will have to look to the banks to absorb
the balance of some 29 billion dollars of securities.
The Nature of War Costs
20
1 Data include borrowings from corporations, insurance companies, mutual savings
banks, Federal agencies, Federal trust funds, etc.
2
Data are net receipts less direct personal tax collections.
3
Data include individual income, estate, and gift tax collections.
Sources: U. S. Treasury Department and Board of Governors of the Federal
Reserve System; data for 1943 include estimates for some items by the U. S. Department of Commerce.
of revenues for fiscal 1943, for it is the future, with its
greatly enlarged expenditures, which holds the most
significance for us.
The Outlook for Fiscal 1943
Federal expenditures in the current fiscal year are
now estimated at 77.5 billion dollars.7 If the 1942
revenue bill is passed in its House of Representatives
form, tax and other nonloan revenue will total 21
billions. This imposes upon the Government the
necessity of borrowing 56.5 billion dollars, or 73 percent
of its total requirements.
A review of borrowing prospects indicates that the
banks will be called upon to take at least half this
increase in the public debt. It is hoped that the sale of
6 The area in the chart labeled "net receipts from War Savings bonds" can in
practice, since no other measure is available, be taken to approximate the sale of
bonds to individuals. While it is true that institutions (nonbanking) have taken 9
percent of these bonds sold, individuals have certainly purchased some regular Government securities—probably an amount as large as the purchase of War bonds by
institutions. The sale of War bonds to fiduciaries (15 percent of total) can well be
considered as sales to individuals.
7
See p. 15, footnote 3.
486236—42
3
The foregoing summary of United States war finance
in World War I and World War II to date has been
primarily a factual presentation. It is now in order to
strip the problem down to its basic elements.
In analyzing the problem of war finance, it will be
helpful to think in terms of things rather than in terms
of money.
When one thinks in terms of money, it appears that
the task of the Federal Government in fiscal 1943 is to
raise 77.5 billion dollars. The vast size of this sum to be
raised naturally poses two obvious questions: First,
will it be possible to raise such a sum in 1 year, and
second, even if this be possible, might we not shift a
portion of the war cost on to posterity, or at least postpone our own payment of it until some post-war period?
If we think in terms of things rather than money,
however, certain obscured elements in the picture are
exposed, and the two questions are automatically
answered. The basic economic problem of the Government in fiscal 1943 is to divert goods and services
valued at 77.5 billion dollars away from private uses
and into Government uses largely for war. As chart 2
shows, this means devoting roughly half our gross national product to Governmental uses, whereas in the
immediate predefense years only some 17 percent was
normally so devoted.8
Viewed in this way, it is evident that goods and services flowing currently into the war effort are diverted
from current private use. Choosing to devote half our
national product to the prosecution of the war, we
must perforce live on the remaining half. It is unnecessary to point out that we cannot borrow from goods
and services that will be produced in 1960 and it is
equally unnecessary to labor the point that no abstinence will be required of future generations because we
choose to make guns instead of butter today. The
8 "Gross national product" is the aggregate of all final goods and services produced
within a given period, and hence is a more useful concept, for the purposes of this
study, than is "national income," which is the sum of the net returns to the various
factors of production.
18
SURVEY OF CURRENT BUSINESS
October 1942
Chart 2.—Gross National Expenditures by Use of Product
diverting goods and services away from private uses.
On the financial side, it is the problem of diverting
purchasing power away from private uses. Although
the material and financial sides are complementary
parts of the same problem and might logically be
150
combined to achieve a sound financing program, the
problem is greatly complicated by the ability of the
Government to create its own purchasing power without thereby reducing that of the public.
Governments in the past have customarily left
private incomes relatively undiminished in time of
war, and created their own purchasing power by means
of bank credits, note expansion, or currency debasement. This, it must be admitted, achieves a solution to
both the material and financial side of the problem of
1940
1941
1943
war finance—for it not only gives the Government the
CALENDAR YEARS
FISCAL YEAR
Source: U. S. Department of Commerce.
money with which to purchase (divert) the portion of
burden of war costs, in short, cannot be shifted to the the national product that is to be devoted to war uses,
future: As a Nation we must bear it by making sacri- but it also inflates the national currency, and therefore the cost of living, so much that individuals' incomes
fices today.
This generalization is subject to two theoretical qual- are able to purchase only that share of the national
ifications. In the first place, a small portion of the product left over for private use. This, however, is
burden might be shifted by means of borrowing from the inflationary method of war finance. Since this is
foreign countries, with repayment scheduled for after the very method that we seek to avoid in this war,
the war. Actually, the balance of borrowing is now it is important to make clear that alternative and better
and will probably continue in this war to be in the methods are available.
There are, basically, only two alternative methods,
other direction. Secondly, by diminished investment,
or by actual disinvestment, we can use up capital although numerous variants of each are possible.
(postpone repairs, delay replacements, etc.) so that we They are:
pass on to the post-war period an impaired stock of
I. Diverting private purchasing power to the Government in
capital. Actually, public (Government) investment in such quantities that the Government will have the necessary
capital goods during the course of the war will over- money with which to purchase the goods and services it needs
and so that private individuals and business will at the same
balance this factor.
time have no more than enough purchasing power to acquire the
Since we must, in general, pay for the war now, it goods and services remaining for them.
of course follows that we can pay for it now. BasicII. Providing the Government's monetary needs in any manally, we pay for it by living on only half the national ner that is convenient, including inflating the note issue and
product. If in 1944 we choose to devote two-thirds credit currency. The private use of goods and services would
then have to be limited by some form of widespread rationing,
our product to the war, we shall make our payment by and the spending of private funds would need to be restricted by
9
living a Spartan life on the remaining third.
direct price controls to avoid inflation.
We can pay for the war now financially as well as
I. The Method of Reducing Private Purchasing
materially. As capital goods are diverted to GovernPower
ment use by priorities and allocations, the money that
This method would achieve in the 1943 fiscal year its
business would normally spend for them can likewise
be so diverted. As consumption goods are diverted to dual purpose of diverting half the Nation's product
Government use by Government purchase, the money and half the Nation's purchasing power from private
that consumers would normally spend for them can to public uses by taxation and by borrowing from
likewise be so diverted.
current income.
By withdrawing private purchasing power at the
The Methods of War Finance
time when increasing incomes and decreasing civilian
The problem, then, of paying for the war is a two- supplies combine to create the true basis of inflation,
sided one. On the material side, it is the problem of the sacrifices in consumption made necessary by the
war are imposed and distributed in the most satis» The sacrifices involved are less than they appear to be when we state that in fiscal
1943 only one-half the gross national product will be available for private uses, whereas
factory way.10
normally some 83 percent is available. This is true for two reasons. First, the
It might be mentioned that these inescapable sacritremendous expansion in the Nation's output since the start of the defense program
means that much of the sacrifice of consumers will consist of foregoing increases, rather
fices can be distributed in any of three ways, and that
BILLIONS OF DOLLARS
200
D.D
42-256
than suffering decreases, in consumption. Second, capital goods normally destined
for private uses will be diverted to public uses proportionately more than will be
consumption goods.
10
Also, because of the reduction in demand for nonwar products, conversion to war
production is encouraged.
October 1942
SURVEY OF CURRENT BUSINESS
the crux of the war financing problem is the decision
regarding their distribution. They can, first, be enforced directly and positively by allocating them in the
form of taxes. Or, they can be distributed on the basis
of a rationing system, with each person's consumption
determined by a rationing authority.
If reductions in consumption are not enforced in
either of these forthright ways, they are automatically
enforced by rising prices. Inflation, in fact, has been
defined as "the ruthless process whereby sacrifice is
imposed inequitably upon a people who have lacked
the courage, the unity, and intelligence to impose that
sacrifice equitably upon themselves. ml
As between the two forthright methods of distributing the war's cost—withdrawing purchasing power or
imposing consumption curtailment by rationing—there
need be no exclusive choice. But for reasons mentioned later in this discussion, chief reliance must certainly be placed on the first procedure.
The Role of Taxes.
With war costs largely distributed on the basis of
taxes and borrowing from current income, there is the
question as to what proportion of the total each of
these segments should contribute.
Doing the job by an all-out program of taxation
would seem on the surface to be the obviously correct
method. Collectively as a Nation we have decided to
use half our product in the current year for the purpose
of winning the war. Individually, we each have the
responsibility of contributing our share. In general,
our individual shares can, it is argued, be determined
and exacted better and more surely by taxes than by
any other means.
The advantages of distributing the burden of war
costs by taxation are not only that the necessary decisions are made directly and consciously, but also that
the necessity is eliminated of reaching similar decisions
in the post-war era. If the Government acquires its
necessary wartime purchasing power through borrowing, the problem of compensating the lenders in later
years is probably unavoidable. This involves taking
from those who pay the taxes in order to give to those
who own the debt. It involves imposing sacrifices on
returned soldiers in order that wartime lenders can be
repaid. It involves the continuance of high taxes in
post-war years, with all their attendant economic affects.
If the debt is not excessively large in terms of the
post-war national income, if it is well distributed among
all families in the community, and if the tax system is
well-designed and equitable, these transfer payments
need not be oppressive. But because these three conditions are usually not ideally met, and because in any
case the cost of administering the debt can be considerable, a large war debt can be expected to have
" New York Times, Editorial, July 12, 1942, p. 8 E.
19
extensive and generally undesirable repercussions in
the post-war period. While its avoidance should certainly not be the primary concern of fiscal policy, its
existence can be sufficiently troublesome to merit consideration in any discussion of war finance.
Because of these considerations, those who advocate
financing the war solely by taxation are able to marshal
strong arguments to support their belief. Moreover,
under the stress of the actual crisis, a patriotic public to
whom the problem had been carefully and fully explained, would undoubtedly submit to taxes in amounts
coming far closer to defraying the full cost of the war
than most people now assume.
The Role of Borrowing.
In actual practice, however, the program of full
taxation probably should be somewhat modified. Expanding tax revenues some tenfold in 2 years (1941-43),
as would be necessary, would undoubtedly be a severe
shock to some sections of the economy. Depending,
of course, upon the nature and incidence of the taxes
adopted, it is not impossible that the incentives and
motivation of individuals and firms whose maximum
effort is necessary to the war program would be adversely affected. Not only would business profits have
to be taxed at formidable rates, but the diversion of all
unspendable private purchasing power to the Government would require that depreciation reserves be taxed
away as well. This consideration alone indicates the
desirability of financing the war partly by borrowing.
In addition, the money that Government loans to
business for working capital should legitimately have
its source in credit expansion.
Moreover, insofar as people tended to save or hoard
more after payment of taxes—because they felt themselves poorer and more in need of a cash reserve for
reasons of security—such a program would probably
be deflationary and thereby cause some productive
resources to remain idle. While the inequities of inflation are to be avoided if possible, it is even more
important that we avoid the production losses involved
in deflation. Also, regardless of efforts to avoid it,
such taxation would probably force great hardships on
some—hardships which would be borne willingly if they
were undergone in order to acquire a savings bond
rather than a tax receipt. Finally, it is argued that
the borrowing of a portion of the war cost would create
a fund of purchasing power which could be released in
post-war days when overproduction, rather than underproduction, will likely be the threatening problem.12
Because of these considerations, it would be desirable
to borrow a portion rather than to tax all excess purchasing power of consumers. Such a plan would raise
the required funds and divert consumption from private
to public channels just as surely as a program of taxa12 This argument assumes that bonds will be redeemed with funds raised by credit
expansion.
20
SUEVEY OF CURRENT BUSINESS
tion, yet it would have certain important advantages
over an all-out program of taxation.
The Magnitudes Involved.
To provide the Government with sufficient funds to
make its necessary purchases and to divert all excess
purchasing power away from private uses, it would be
necessary in fiscal 1943 for individuals and institutions
to contribute substantially larger sums to the Government—in some combination of taxes and loans—than is
now contemplated.
Table 3, which is presented to serve as a rough
indicator of the magnitude involved as far as individuals are concerned, indicates that the required sum
would be somewhere in the vicinity of 17 billion dollars.
Table 3.—Disposition of Individual Income,
Fiscal 1942
and 1943 (Estimated)1
[Billions of dollars]
Item
1942
Income payments
Less:
Personal direct taxes
Gifts to institutions
Expenditures for goods and services
Purchases of new owner-occupied homes
Net reduction in mortgages on owner-occupied homes Net life-insurance payments
Net reduction in consumer credit
Purchases of War Savings bonds
Subtotal.
Equals: Funds available for additional taxes, loans to Government, other savings, or pressure on prices
1
117.0
4.6
1.3
2.5
.3
1.7
2.0
5.9
93.5
8.1
9.0
1.5
70.8
1.5
.5
1.7
3.5
12.0
100.5
1G.5
Estimated by U. S. Department of Commerce.
This estimated total needs both explanation and
qualification. It cannot be taken as being precisely
accurate, partly because of the difficulties of estimation and partly because of the dynamic character of its
components. Of course, an increase in personal taxes
beyond present plans—in order to avoid a disproportionate volume of borrowing—would reduce this figure.
But, more important, it would also alter the conditions
which were assumed in making the other estimates.
Too, there are other forms of saving which are not
estimated—idle balances, cash hoards, corporate investments—and the fluctuating size of these makes the
over-all figure of 17 billions anything but final. If such
current savings continue, the pressure of excess purchasing power on prices is less than it would otherwise
be, and the absorption by the Government of the entire
sum would be deflationary. Even if it were not generally deflationary, its absorption could unduly limit
demand for some particular goods and services which
are in bountiful supply. On the other hand, there are
undoubtedly large volumes of past savings in liquid
form which could be brought into the market, thereby
increasing the figure. Also, the estimate of expenditures for goods and services assumes only a modest rise
in prices; any further price rise would not only alter
this figure, but it would also alter the estimate of
income payments as well. Finally, and perhaps most
October 1942
important, the estimates depend upon numerous administrative decisions which have not yet been made.
Careful studies are therefore necessary if the war
financing program is to steer a delicate course between
the twin evils of inflation and deflation.
The logical sources of the required income of the
Federal Government are now&indicated. To the currently anticipated 21 billions of tax receipts would be
added the indicated sum of additional personal taxes
or bond purchases by individuals. The 77.5 billiondollar total would then be reached by the sale of bonds
to Government agencies and trust funds and by additional taxes and bond sales to institutions other than
commercial banks. To the extent that there is hoarding, bonds can safely be placed with the commercial
banks, but to the extent that there is dishoarding, even
more purchasing power should be withdrawn.
If this program is to be achieved, a considerable
increase in both taxes and borrowing from current income is clearly indicated. Without entering into a
discussion of the methods by which this increase can
best be induced, it is relevant to comment that the
task is so urgent and important that if it is not achieved
in one way, it should be in another. If taxes and voluntary borrowing do not take up the slack, it may be
necessary to turn to some form of compulsion in the
borrowing program, as have England and Canada.
Such compulsory loans might take the form of deferred
pay, tax refunds, or enforced universal savings.
Once individuals have lent their excess purchasing
power to the Government, it becomes a matter of considerable importance that it stay lent, until industry is
once again able to produce the consumption goods for
which it might be spent. A consumer buying spree
made possible by widespread redemption of savings
certificates, could have an explosive effect in markets
partly depleted of goods. Hence, unless the purchasing
power withdrawn by Government borrowing is immobilized by any one of a number of possible means, inflation will remain a potential threat, particularly in the
immediate post-war period when the need for restraints
on spending will be less well appreciated by the public.
That the problems of post-war inflation are real is
indicated by the price movements of 1919 and 1920,
shown in table 1. During the 19 months of our participation in the war (April 1917 to November 1918), the
cost of living rose 29 percent. During the 19 months
following the axmistice (November 1918 to June 1920)
the cost of living rose another 29 percent. The rate of
rise from March 1919 to June 1920 was considerably
greater than during the war months.
II. The Method of Leaving Private
Purchasing Power Intact
The other major alternative method of war financing
would, as noted, supply the Government's needed funds
largely by credit and currency expansion, divert goods
October 1942
SURVEY OF CURRENT BUSINESS
and services from private use by rationing, and avoid
inflation by direct price controls.
There would be no serious difficulty in providing the
Government with its required purchasing power. With
the perfection of modern banking technique, the procedure of creating note or deposit currency is effected
simply by the sale of Government bonds to the commercial banks or directly to Federal Reserve banks. The
banks pay for the bonds by creating new deposits to
the credit of the Government. If the bonds are used as
collateral, and gold reserves are available, Federal
Reserve notes may be issued to the extent of nearly
twice their par value. The only legal limit to such
expansion of note and deposit credit is the gold reserve
of Federal Reserve banks, which is sufficient now for a
tremendous expansion. A change of laws could permit
unlimited expansion.
The convenience of this method of meeting extraordinary governmental expenditures is evident; Taxes
can be kept low and individuals do not have to scrimp
and save in order to buy war bonds. But the danger
of the method is equally evident: It creates the true
basis of inflation. Private purchasing power is not
decreased at the time when Government purchasing
power is tremendously expanded. Consequently, the
second and complementary part of this method of war
finance is? the introduction of a system of price controls
and rationing.
Price Controls and Rationing.
These two direct controls combine to immobilize the
community's excess spending power. With the true
basis of inflation created by inflationary borrowing,
actual inflation is avoided by price ceilings. With
the price system abandoned as a control of distribution,
private consumption is restricted by some form of rationing. The first method of war finance discussed
averts an inflationary explosion by removing the
ammunition (consumer purchasing power). This second method, while heaping up more ammunition,
attempts to avert the explosion by posting guards of the
ammunition dump.
Under the conditions here envisaged—a general shortage of commodities relative to purchasing power—
price controls obviously must be all-inclusive. And, as
has frequently been pointed out, rationing is a necessary
complement of price controls. Although rationing can
undoubtedly secure a more equitable distribution of
essential goods in particularly short supply than can
general fiscal controls, the financing of the war in such
a way as to require extensive reliance on these direct
controls is subject to a number of major disadvantages.
(1) It is not certain that prices can be effectively controlled
by such direct means without the aid of supporting fiscal measures. The controls are effective only when enforced, and hot
money tends to get spent in one way or another. When it is
thought advantageous by both the buyer and the seller to go
21
above the maximum price, the avoidance of an extensive black
market becomes a major policing enterprise.
(2) If the controls—price and rationing—are effectively
enforced, the result is a regimented control of distribution that
can only make small allowance for individual differences and free
choices. Decisions with regard to production and distribution
must be made without the guide of popular demand as recorded
by price movements.
(3) Since the basis of inflation is not removed, but only
shelved, by price controls and rationing, these controls must
necessarily continue in force until there is no longer an excess of
demand. With individuals storing up a backlog of demand at
the rate of perhaps 25 or 30 billion dollars in fiscal 1943 and more
in later years, it seems inevitable that controls of this nature
would have to be maintained for years.13 The need for restraining consumer spending will not only continue; it will increase.
Yet the willingness of people to submit to such controls in the
post-war period will probably be considerably less than during
the war.
A Note on Possible Procedure
These disadvantages are sufficiently serious to rule
out the second method of war finance. But while
rationing and price controls cannot be a substitute for
an adequate fiscal policy, they can, under certain circumstances, serve as a prelude to the introduction of
such a policy.
The circumstances that would indicate the desirability of over-all rationing 14 and price controls have to
do with the willingness of the consuming public to
make conscious sacrifices. If it is true, as it is sometimes alleged, that it is politically impossible to immobilize excess purchasing power by fiscal means but that
it is possible to absorb it after it has been immobolized
by price controls and rationing, then the requisite circumstances obtain. From this viewpoint, direct controls can legitimately be used to set the stage for a
sound fiscal program of war finance. Excess purchasing power would, under this procedure, first be rendered
unspendable by a system of price controls and rationing,
and then immediately transferred to Government uses
by such fiscal means as were sketched earlier in this
discussion.
Proponents of this procedure argue that when consumers are unable to spend their excess incomes, they
will be willing, if not actually anxious, to lend them to
the Government at a modest rate of interest. Under
these circumstances, it is thought, they would even be
willing to pay what otherwise would seem to be impossibly high taxes. In short, an otherwise unattainable fiscal policy is made feasible by this procedure.
It is further insisted that much of the work of
distributing wartime sacrifices should be done by
rationing, since no tax program can cut with the
precision of a surgical knife. Even when supplemented
with a flexible and well-devised Treasury borrowing
program, tax legislation cannot turn purchasing power
13 In addition a large increase in consumer credit will be possible.
» With rationing possibly of a general, rather than specific type, involving an overall limit on spending, measured in points rather than dollars.
22
SURVEY OF CURRENT BUSINESS
on and off so as effectively to control the general price
level and avoid critical shortages. Estimates of the
inflationary gap (i. e., the excess purchasing power that
would exert upward pressure on prices) are always
uncertain since they are based on fluctuating habits of
saving, and therefore it is impossible to know just how
much purchasing power to withdraw. Also, tax legislation is slow to be enacted, and even when enacted its
incidence is debatable.
In recognizing the force of these arguments, one
should not overlook the potential danger involved in
this procedure. If an adequate fiscal policy is withheld
until the way for it has been smoothed by rationing and
price control, it may be withheld too long. With
inflation temporarily averted by maximum price regulations and with consumer demand curtailed by rationing, it will be all too easy to assume that no harm can
come from financing the war largely through an expansion of currency and credit. The excess purchasing
power thereby created is of no concern, it is said, for
since it cannot be spent it is effectively immobilized.
This facile argument overlooks the fact that these
enforced liquid savings will create an unbearable pressure on price ceilings, and that even though the price
regulations are effectively enforced the conditions which
would merit their abandonment might never return.
Conclusions on War Finance.
The foregoing considerations point to certain general
conclusions with regard to the financing of the war.
(1) The war should be financed as largely as possible though
not entirely by taxation. This obviates inflation, minimizes postwar debt problems, and lessens the necessity for extensive and
prolonged price controls and rationing throughout the entire
economy.15
(2) Any remaining excess purchasing power in the hands of
individuals should be absorbed by Government bond purchases—
" That is, it obviates the inflation which would tend to come if billions of dollars
of excess purchasing power were left free to exert a growing pressure on prices. It
does not, of course, obviate the price rises which stem from increased costs. Increases in some costs are inevitable in wartime, probably overbalancing the possible
decrease in other costs. But the elimination of excess consumer demand, which
makes high prices and hence high factor costs possible, removes the essential basis
of inflation. It does not touch those points in the President's 7-point anti-inflation
program which do not concern war financing.
October 1942
made compulsory if and when necessary. Unless the bonds so
bought immobilize purchasing power until such time as it can
safely be released, the object of their sale is to that extent defeated.
(3) Funds needed by the Government over and above those
raised by taxation and by bond sales to individuals can be raised
by bond sales (perhaps compulsory, though here compulsion is
less necessary for obvious reasons) to corporations, insurance
companies, savings banks, fiduciaries, etc.
(4) If these sources do not fully meet the government's monetary needs, as they normally would, any additional sums can
safely be raised by bond sales to the commercial banks.
(5) Depending upon the willingness of the people consciously
to make sacrifices which cannot in any case be avoided, it might
be deemed wise procedure to immobilize excess purchasing power
first by means of over-all price controls and general rationing,
and then second divert these unusable funds to the Government
by taxation and borrowing. Rationing can of course also serve
as a complement to fiscal policy in distributing the necessary war
sacrifices.
Sound answers to the question of how a war should be
financed have been given time and again, but they cannot be stressed too often if our Nation is actually
to avoid inflation for the first time in financing a major
war. We learned by experience in the Civil War what
we already knew—that the creation of fiat currency
leads to inflation. We learned by experience in the
World War what was already well known—that bank
credit expansion has the same potential inflationary
effect as currency inflation and can be as dangerous
in the post-war as in the actual war period. In this
war we should not have to learn by experience what
is already obvious—that unless the tremendous stream
of excess purchasing power is diverted into the Treasury's war chest by taxes and immobilized savings, the
problems created by the necessity for impounding it
and sterilizing it will be virtually as perplexing and disruptive as the problem of inflation itself. Moreover, the
whole inflation threat and the battle to control it could
well be prolonged into the indefinite post-war future.
All are agreed that these pitfalls must be avoided.
In the post-war world, America's role will be too important for us to enter the reconstruction period in anything short of the soundest possible economic condition.
(Continued from p. 14)
For housing the monthly series was adjusted to the
annual estimates for 1935 and 1939. For home maintenance, usable monthly data are not available before
1940. Annual estimates, therefore, were prepared for
earlier years and interpolated with the use of a smooth
curve. For other services, a monthly series of interest
on consumer loans was prepared from detailed
estimates of credit outstandings and the best available
data on interest rates.13 The remainder of the "other"
group was assumed to move like the total for the
remaining seven major groups of services.
Two groups of services, household utilities and
13 These estimates were prepared by Mr. Duncan Holthausen.
transportation, were put on a daily average basis by
dividing by the number of days in the months. For
the other major groups the estimates already take
account of the different lengths of the months.14
All major groups except home maintenance and other
services were seasonally adjusted by the 12-month
moving total method. For home maintenance, the
seasonal movement cannot be accurately estimated
because the data currently used for this series are
available only for 2 years. There is no appreciable
seasonal in the series for the "other services" group.
li
Monthly expenditures on personal services, for example, are based on pay rolls in
laundries and cleaning and dyeing plants, which are for a week in the middle of the
month. Housing expenditures are the same in a short and in a long month.
October 1942
SURVEY OF CURRENT BUSINESS
23
Consumer Expenditures for Selected Groups
of Services, 1929-41
By Edward F. Denison 1
T
HE Bureau of Foreign and Domestic Commerce has
presented preliminary estimates for various components of the national income, estimated by the final
products method, in several recent articles.2 In its
entirety, the national income study of which this is a
part will encompass estimates of the value of consumer
expenditures for commodities and services, net-capital
formation, and the product of government. In the
present article, additional segments of the study of the
national product are being released, namely, values of
consumer expenditures for most types of services,
including gifts and bequests, and for meals and beverages. These data represent the first publication by the
Department of Commerce of detailed estimates for these
types of consumer expenditures.
The estimates are designed to represent obligations
incurred by final consumers (individuals) for payment to
business enterprises and nonprofit institutions, together
with payments to governmental units for fees, licenses,
and the purchase of services. In order, however, to
serve the needs both of those interested in the nationalconsumer budget and of those interested in nationalincome statistics, group totals are shown both inclusive
and exclusive of such payments by consumers to government as enter into the general budgets of governmental
units. When these payments to government are included, the major groups correspond to consumer
expenditures for services satisfying particular wants,
whether payment is made to private enterprise or to
government. Group totals exclusive of payments to
government are also shown, in order to obtain a net
figure of expenditures for the services of private industry
and public-service enterprises which may be added to the
final product of government and other components to
obtain a nonduplicating aggregate corresponding to the
national product.
Similarly, insurance premiums have been entered
without deduction in the gross group totals. Since that
portion of the premium which is employed to pay benefits during the same year must be treated in nationalincome measurement as a transfer payment, because
there is no corresponding income produced, claims
paid have been deducted before arrival at a net figure
for each group.3
Consumer expenditures for a particular service in
1 Acknowledgment is made of the significant contribution to this study byOrris Herfindahl.
2 See Survey of Current Business, March to August 1942.
8
Exclusion of claims paid from the gross totals would misrepresent the allocation of
consumer expenditures between various budgetary items, for the persons receiving
claim payments are not necessarily those who paid the premiums.
many instances do not correspond to gross income of
enterprises from supplying that type of service, because
a portion of sales may be made to other enterprises
rather than to final consumers. The series shown correspond in all cases to outlays of individuals only.
Classification.
Table 1 shows in summary form gross totals for
consumer expenditures for 11 major groups, together
with the sum of the deductions from these items
required to obtain net obligations incurred by final
consumers excluding payments into the general funds
of governmental units. Table 2 presents the same
information in detail. The sum of the 11 groups does
not constitute total consumer expenditures for meals
and beverages and services since the estimates for three
groups—lodging, household operation, and family
business—have not yet been completed and are omitted
from the tables.
The classification throughout is based upon type of
expenditure, rather than upon type of establishment
receiving payment. Thus services furnished by retail
stores are included in the estimates, while commodities
sold by service establishments are excluded. The items
included in each major group may be readily determined from the detailed estimates in table 2 and the
notes on sources and methods.
For several reasons the estimates presented here
cannot be added directly to those for the final cost
to users of consumption commodities, published in the
April 1942 Survey of Current Business, to obtain total
consumer expenditures for commodities and services.
As noted above, three important types of service are
excluded from the present estimates; a few minor
commodities also do not appear in either total. Furthermore, the value of meals and beverages shown in the
present article is largely duplicated in the figure for
the value of food included in the estimates published
previously. Finally, the commodity estimates presented in the earlier article do not represent expenditures
of individuals alone. Institutional and government
purchases of commodities classified in the consumption
commodities group were not yet eliminated. The work
on definitive annual estimates of the value of consumer
expenditures for all commodities and services is continuing and will be published as soon as possible.
Changes in Expenditures for Services, 1929-41.
While discussion of the movement of expenditures for
all services must be postponed until complete estimates
are available, comparison of the summary figures for
24
SURVEY OF CURRENT BUSINESS
October 1942
Table 1.—Consumer Expenditures for Meals and Beverages and Selected Major Groups of Services, 1929-41
[In millions of dollars]
Service
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
Meals and beverages
Services related to attire
Personal appearance and comfort
User-operated transportation
Purchased transportation
Household utilities and communication
Medical care and death expenses
Tuition and educational fees privately paid
Recreation
Gifts and bequests
Foreign travel and personal remittances abroad.
3, 584. 5
1, 276. 5
654.6
958.3
1, 926. 5
1, 920.1
2,906. 5
540.4
1, 633.1
-1, 446. 8
1, 009.1
3, 402. 6
1,171.5
630.2
858.8
1, 733. 2
1,985. 5
2,798. 2
521.2
1, 590. 2
1, 399. 5
956.1
3, 066. 7
971.5
540.2
767.2
1, 440. 5
1, 975. 9
2, 493. 6
494.4
1, 487.9
1,312.3
730.1
2,529.1
748.3
426.6
657.7
1,172. 0
1, 902.1
2, 069. 5
426.1
1,172. 6
1, 019. 4
459.4
2, 208. 7
644.7
346.8
644.2
1, 058. 3
1, 807.1
1,913.5
362. 5
1, 063. 2
822.1
442.8
2, 745. 5
715. 5
392.5
709.0
1,125. 0
1, 824. 3
2, 048. 3
372.6
1,146. 0
827.2
454.0
3,160. 0
767. 9
441.4
741.6
1,188. 5
1, 879. 5
2,194. 4
396.1
1, 240. 7
909.0
3, 458. 0
856.4
503. 4
847.4
1, 308. 3
1, 959. 2
2, 421. 6
424.3
1, 393. 8
984.5
557.4
4,120. 2
943.6
545.1
921.2
1,373.3
2, 034. 9
2, 575. 0
460.0
1, 545. 4
1, 097. 5
620.4
4,124.1
927.3
542.9
876.0
1,319.7
2, 102. 4
2, 580. 5
476.6
1, 543. 6
1, 034. 2
555.9
4, 314. 8
931.7
540.5
971.7
1, 380.4
2,186. 6
2, 712. 8
484.9
1, 566. 7
960.2
504.5
4, 576. 3
990.3
568.5
1, 063. 4
1,417.7
2, 324. 4
2, 910.1
503.4
1,810.1
1, 049. 9
339.6
478.1
1941
5, 485. 0
1,119.3
652.8
1, 207.1
1, 568. 4
2, 443. 5
3,171.4
519.8
1, 987. 4
1, 075. 4
294.7
14, 714. 3 16, 236. 6 16, 083. 2 16, 554. 8 17, 553. 7 19, 524. 8
Total of 11 groups of services, gross
17, 856. 4 17, 047. 0 15, 280. 3 12, 582. 8 11,313.9 12, 359. 9
13, 397. 2
Payments into the general funds of government
351.2
417.3
357.3
425.7
387.6
470.7
468.2
410.6
and nonincome items included (deduct)
428.0
495.6
530.4
589.0
382.6
Total of 11 groups of services, net
17, 445.8 16,619.0 14,854.6 12,195.2 10,962.7 12,002.6 13,014.6 14,297.0 15,765.9 15,615.0 16,059.2 17,023.3 18, 935. 8
i Payments for fees, licenses, and the purchase of services which enter into the general budget of governmental units, and certain transfer payments, are included in the
data for the groups.
1929 and 1941 reveals marked differences in the move- almost exactly offset by an increase in beauty-parlor
ments of the several major components for which services, restoring the personal appearance and comfort
group in 1941 practically to the 1929 level. Outlay
estimates have been completed.
During this period, which according to preliminary for medical care and death expenses increased but 9
estimates saw a 7 percent increase in the value of all percent due to compensating movements in the various
commodities and services sold to individuals, four of components of the group. Payments to physicians and
the 11 service groups shown rose more than 25 percent, hospitals and premiums for accident and health insurthree changed less than 10 percent in either direction, ance rose much more than did the group as a whole.
Total expenditures for tuition and educational fees
and four fell more than 10 percent.4
The greatest increase appears in the meals and declined 4 percent, but payments to organized schools
beverages series, which rose 53 percent to a level well alone showed a small increase.
above 5 billion dollars for 1941. However, most if
Consumer outlays for services related to attire
not the whole of this expansion is accounted for by the decreased 12 percent. Laundering, which dropped more
serving of alcoholic beverages, which was illegal in than 100 million dollars, and shoe repair bore the bulk of
1929. Household utilities and communication rose the decline. By 1937 expenditures for foreign travel
more than one-fourth, with all components of the series and personal remittances abroad had risen from desharing in the upward movement. Sharp increases in pression lows to 62 percent of the 1929 level, but as
expenditures for admissions to motion pictures and first threats of war, and then war itself, cut off overseas
athletic events and for some other types of recreation travel and prevented transmission of immigrant remitservices were much more than sufficient to offset marked tances, the outlays fell precipitately.
decreases in dues paid to social and athletic clubs and
Gifts and bequests to organizations and institutions
noninsurance fraternal organizations, and resulted in declined 371 million dollars, or 26 percent, from 1929
an increase of 22 percent in total consumer expenditures to 1941. Almost three-fourths of the total loss of
for recreation services. Nearly one-third of this in- revenue from individual philanthropy was suffered by
crease, however, corresponds to increased taxes on religious bodies, which received 62 percent of all
admissions and club dues or results from the legalization individuals' gifts and bequests made during the 13-year
of pari-mutuel betting.
period. The behavior of this large series, which repreExpenditures for user-operated transportation serv- sents a multitude of small donations rather than the
ices increased by 26 percent. A 20 percent decline largesse of a small number of wealthy donors, indicates
in the larger purchased transportation group, affecting that the reduction in philanthropy cannot be primarily
both local and intercity carriers, was sufficient, however, ascribed to tax laws or other external factors affecting
to place total expenditures for transportation services the activities of the rich. Year-to-year changes in
at a level slightly below that prevailing in 1929. This gifts and bequests to many types of organizations are
change reflects a shift from transportation services to strongly affected by such special circumstances as a
transportation commodities, rather than a decrease in single very large gift, the timing of campaigns, or occurtotal consumer expenditures for transportation.
rence of natural or man-made disasters whose alleviaThe 1941 level of expenditures for three types of tion requires a special appeal to the generosity of the
services did not differ greatly from that in 1929. A public. The 16 series for gifts and bequests shown in
large decline in the value of barber-shop services was table 2 reached their highest levels for the 1929 to 1941
period in 8 different years.
* Comparisons in this section are based on the gross figures inclusive of payments
to government and the transfer items described. Though inferior for national income measurement to the net figures, they are better suited to an analysis of changes
in the distribution of consumer outlays between classes of commodities and services.
However, use of the net figures would not change the general movements materially.
Sources and Methods
The following notes are intended to describe the content of each of the'series shown
in table 2, where the title is not fully self-explanatory, and to give the principal sources
25
SURVEY OF CURRENT BUSINESS
October 1942
Table 2.—Consumer Expenditures for Meals and Beverages and Selected Groups of Services, by Minor Groups 1929-41
[Tn millions of dollars]
1930 | 1931 j 1932
Item
Meals and beverages:
1. Retail, service and amusement establishments and
2. 414. 2, 306. 3 2,129.
tourist courts
403. 6 365. 3 308.
2. Seasonal and year-round hotels
23.
30.3
34.8
3. Dining and buffet cars
168.
181.2
182.0
4. Educational institutions and school fraternities
167.
199.0
212.9
5. Institutions, clubs, and industrial lunchrooms
92.
108. 5 102.4
6. Tips to waiters and waitresses
176.
218.1
228.0
7. Remuneration to employees in the form of ineals--_
1933
1936
1937
1938
1939
1940
1941
1, 775. 0 1, 518. 8 1, 926. 9 2, 227.1 I, 423. 4 2, 975. 2 3, 039. 8 3, 208. 9 3, 421.1 4,164. 9
222.6
415. 2 426. 81 446.1
360.2
416. 7| 446.2
238.2
300.8
527.4
20. 5'
12.4
21.4
16.2
14.5
14.7
23.4
23.6
29.4
22. 5|
183. 8! 197.4
197.6 1 202. 4 208. 3 214, 9
174.0
154. 7 150. 3 162.4
121.9
102.9
125. 8
112.1
128.2
105. 8
126.8
135. 4
129.3
122.6
104. 5 124.8
125. 4| 131.6
75.4
64.8
82.1
139.
94.8
168.7
187.2
198. 9 200.0
143.1
136.9
152.8
210.9
175.6
217. 6
250. 4
3, 584. 5 3. 402. 6 3, 066. 7 2, 529.1 2, 208.7 2, 745. 5 3,160.0 3, 458.0 4,120. 2 4,124.1 4, 314.8 4, 576. 3 5, 485.0
Total meals and beverages
Services related to attire:
8. Cleaning, dyeing, pressing, alteration, storage, and
repair of gaiments:
142. 2 114. 0
139.4
103.4
164.4
117.1
113. 7 121.6
97. 5 106.9
106.0
a. Shoes
.
113.71 120.:
22.0
31.8
16.6
24.8
12.0
13.8
24.7
20.01
10.1
25. 91
27.
b . Furs
23.
16. 8
440.4
334.6
239.9
252.1
365.8
371. 3 395.8
219.8
c. All other (in shops)
448. 2 399.4
284. 9 322. 2 362.4
44.3
45. 5
31.4
41.1
59.1
42.3
50. 0
27.4
32.5
46.6
65.0
49.3
d. Dressmakers and seamstresses (not in shops) _
36.4
389.4
251.9
327.
310.0
262.0
312.0
9. Washing and ironing (in establishments)
475. 4 457. 9 392.3
272. 2 305. 4 325. 3 318.7
2.1
2.8
!. 6
3.9
2.9
3.5
2.4
1.6
10. Costume and diess suit rental
2.6
1.8
2.0
2.8
1.6
53. 3
44.2
48.8
70.0
54.7
38. 3|
11. Watch, clock and jewelry repair
33. 9
35.5
38. J
45.8
26.3
ao 73.4
4.4
5.1
4.9
4.4
4.4
12. Second-hand clothing and shoe dealers—mark-up___
4.8
4.
4.4
4.3
4.4
4.7
5.2
8.4
9.8
8.2
10.0
8.5
13. Miscellaneous personal sei vices.
6.3
6.4
9.0
7.0
7.7j
8.
5.4
10.9
748.3
644.7
715.5
Total services related to attire
.
767. 9
856. 4 943. 6 927.3
1, 276. 5 1,171.5
931.7
990.3 1,119.3
971.,
Persona] appearance and comfort:
331.4
263.7
299 2
251.8
261.8
212.7
221.0
229. 5 254. 7 268. 2 260.0
14. Barber shop services
.....
401. 6 386.7
296.1
343. 7
280.4
275.0
128.4
165.6
15. Beauty parlor services
242. 3 233. 3 200.0
158. 0
205. 5 241. 5 269.0
8.7
9.9
8.3
7.9
8.8
5.9
10. 2
7.2|
10.7
6.8
5.
16. Baths and masseurs
6.1
H\
Total personal appearance and comfort
User-operated transportation:
17. Automobile repair, greasing, washing, parking,
storage, and rental
18. Automobile insurance premiums
19. Parking meters
20. Automobile registration fees:
a. State governments
b. Local governments
21. Operators' permits and other State automotive fees
and charges
.
22. Federal use tax on motor vehicles
23. Bridge tolls
.
.
24. Tunnel tolls
25. Ferry and road tolls
-
654.6
Total user-operated transportation
26. Payments to government
27. Nonincome item: Automobile insurance claims
paid__
630.2
Total household utilities and communication
Medical
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
Total, excluding nonincome items_
486230—42
4
346. 8
392. 5
441. 41
542.9
503.4
466.9
175.8
386.3
166.2
296.1
159. 5
306. 2
145.1
353.4
157.7
354.3
174.6
403.6
211.1
.6
401. 5
421.4
228.4
241. 8
2.4
1.5 !
142.0
5.0
146.0
5.2
141.0
5.2
133.0
4.9
123.0
5.4
123. 0
6.2
134.0
7.2
148.0
8.0
160.0
9.3
652.8
540.5
462.0
241. 7
3.5
167.0
11.4
502. 7
269.6
5.7
578.1
295.0
11.1
178.0
12.9
198.0
14.3
39.9
43.4
29.9
5.6
10.7
33.0
6.7
11.4
49.4
5.2
36.2
7.4
12.4
19.8
21.9
!2.3
26.2
29.0
43.2
161.0
10.2
31.3
27.8
3.1
9.4
30.0
3.4
9.6
32.0
3.6
9.5
31.0
3.3
8.5
30.6
3.3
8.3
30.7
3.2
8.6
30.0
3.6
30.2
4.0
9.4
29.7
4.5
9.8
27.0
4.8
9.4
958.3
166.6
858.8
1/3.1
767.2
169. 6
657.7
159.3
644.2
150.7
709.0
155. 4
741.6
170.2
847.4
188. 5
876. 0
202.5
971.7 1, 063.4
234.3
218.3
1, 207.1
266.9
85.5
94.4
90.3
77.7
69.5
71.3
75.9
87.1
921.2
212.5
105.1
104. 4
100.0
114.7
125.5
482.3
495.5
603. 6
569.1
653. 4
889.0
920.9
886. 7
926.4
955.4
1,035.1
759. 6
225.0
44.0
6.5
533. 3
283.4
32.9
166.2
22.8
23.0
814.7
507.3
420.7
424.0
972. 3
824.9
755.1
704.9
193.0
63.8
10.6
468.2
333.4
38.0
70.1
2.3
16.9
624. 5
139.0
53.3
8.1
347.1
220.3
25.6
67.9
2.7
25.6
578. 4
122.0
46.5
8.2
303.2
191.6
22.5
64.8
2.9
17.3
604.9
141.0
45.4
8.5
325.2
204.8
26.4
62.7
4.5
22.5
625. 6
151.0
44.9
90
358.0
212.1
27.7
88.0
5.9
20.0
674.0
161.0
44.4
9.6
419.3
250. 3
32.2
101.0
7.6
23.4
683. 7
.185.0
41.6
10.6
452, 4
273. 7
35. 3
109.3
7.6
21.5
659.9
180.0
41.0
5.8
433.0
247. 3
32.2
119. 0
8.4
21.7
684.0
195.0
40.8
6.6
454.0
254.4
33.5
128.3
11.4
22.0
713.9
195.0
40.5
6.0
462. 3
250.6
31.5
137.9
17.4
20.5
7.5
5.0
4.1
4.3
4.3
4.8
5.0
4.4
4.4
4.4
5.0
1,926. 5 1,733. 2 1,440. 5 1,172.0 1,058. 3 1,125.0 1,188.5 11. 308. 3 jl, 373. 3 1,319.8 1,380.4 1, 417.7
1, 568.4
867. 5
568.7
179. 5
579. 0
12.7
117. 0
911. 3
571. 7
185. 2
628. 0
16.5
130. 8
1, 959. 2 2,034.9 12,102.4 2,186. 6 2, 324.4
2,443. 5
598. 9
533.6
144.8
543. 0
15.8
84.0
642.5
551.7
147.3
551. 0
14.2
78.8
650. 1
547.6
152. 3
536. 0
11.9
72.0
044. 6
529. 4
153.1
490.0
9.2
75.8
028.0
491. 3
154.9
444.0
9.2
79. 7
653. 0
491. 0
158.8
428.0
9.6
83.9
078. 1
497. 6
162.7
443. 0
9.8
88.3
1,920.1 1,985. 5 1,975. 9 1, 902.1 1, 807.1 1,824. 3
care and death expenses:
Physicians and surgeons
.
1,035. 0 1, 003. 0
469.3
Dentists
489.7
37.7
40.7
Osteopathic physicians
45.6
48.7
Chiropractors
18.9
19.5
Chiropodists and podiatrists
130.0
142.0
Private-duty trained nurses
62.1
63.0
Practical nurses and mid wives
29.0
27.6
Miscellaneous curative and healing professions
Payments by patients to hospitals and sanitariums:
302.0
298.1
a. Nongovernment hospitals and sanitariums,_
27.0
25.2
b. Government hospitals and sanitariums
Net payments to group hospitalization and group
health associations
1.8
1.8
Student fees for medical care
185.8
177.9
Accident and health insurance premiums
Mutual accident and sick benefit association pre51. 0 ! 47. 0
miums
_.
323. 2
290. 5
Funeral and burial services
161. 7
149. 9
Cemeteries and crematories
.
Total medical care and death expenses
Nonincome items—insurance and benefit claims paid:
59. Accident and health insurance
60. M u t u a l accident and sick benefit associations
426. 61
571.9
179. 5
Total, excluding payments to government and
nonincome items
591.3
'06.2
Purchased transportation:
Local
1,190.0 1,120.0
28. Street and electric railways, city and suburban bus
fares
772.2
819.7
29. Taxicab fares and tips
265.0
2o0.0
30. Steam railways—commutation fares
72.7
76.6
31. Ferries—foot passengers
13.7
10.1
Intercity
736. 5 613.2
32. Steam railway fares excluding commutation
550.8
451.9
33. Sleeping and parlor cars—fares and tips
56.5
49.5
34. Intercity bus fares
73.8
75.2
35. Air-line fares
.
2.8
2.4
36. Coastal and inland waterway fares
40.9
24.4
37. Baggage transfer, carriage, storage, and excess
9.8
charges
.
11.7
Total purchased transportation
Household utilities and communication:
38. Electricity
39. Gas
40. Water rent
41. Telephone
42. Telegraph, cable and wireless
43. Postage
540. 2
j
95.8
29.2
730.
510.
169.
498.
10.
105.
514. 6
171.7
519. 0
11.2
108.0
815. 1
531.6
175. 6
543.0
12.0
109. 3
897.0
399.7
34.5
40.1
17.2
96.0
53.7
23.8
729.0
305.3
27.4
29.7
14. 3
58. 0
39.3
17.5
688. 0
278.9
25.7
25. 6
13. 0
48.0
35.1
15.6
766.0
298.1
28.1
26.4
13.0
46.0
36.7
16.0
838. 0
304. 3
29.8
28.2
13.5
50.0
36.9
16.3
955.0 1,019.0 j 1,007.0 1, 048. 0 1,112.0
370. 3 397.8
333. 2 350. 6 350.4
44.3
42.0
39.4
33.0
35.9
36.3
33.6
31.8
33.1
33. 4
16.6
15.1
15.1
15. 3
14.1
62. 0
59. 0
55. 0
59.0
58.0
39.0
38.7
39.0
39.7
38.1
19.0
17.6
18.5
18.5
16.6
1, 208. 0
455.1
46.8
39.9
19.1
68.0
43.7
21.6
287.8
27.9
272.1
30.0
248.3
30.6
249. 6
31.5
271. 4
33.3
284. 6
34. 5
303.2
36.3
1.9
1.8
153.0
1.8
137 9
.1
1.8
150.6
.4
1.9
163.8
1.3
2.0
175. 6
42.3
254.4
137.4
35.2
228.5
128.4
31.1
214.1
119.8
31.3
225. 0
128.1
32.7
240. 9
133.0
37.1
259. 6
146.3
j 2,906. 5 2, 798. 2 2,493. 6 2,069. 5 1,913. 5
91. 7
31.0
700. J)
506. 1
166. 1
469. 0
10.6
100.5
102. 6
29.1
93.2
25.3
81.8
19.4
330.9
38. 2
11.5
2.4
222. 6
362.6
39.7
391.2
45.2
3.5
2.1
193.7
307.3
36. 7
6.9
2.3
202. 9
18.0
2.5
247. 0
23.6
2.5
271.0
43.0
270. 8
151. 0
49. 5
271. 3
146.9
59. 3
272.1
151.5
62.0
292. 5
158. 8
65.0
312. 7
158. 0
, 048. 3 2,194.4 |2,421. 6 12,575.0 j 2, 580. 5 12, 7.12.8 |2, 910.1 3,171.4
80.1
19.2
85.5
20.0
88. 2
20.8
94.6
24.3
99.1
27.6
107.9 j 109.0
33.3 j 35.0
121. 0
36.5
2,783.8 ! 2,673.2 2, 361. 9 i 1,951. 0 1,812. 3 11,949. 0 2,088. 9 2,312. 6 i 2,456.1 i 2,453.8 ' 2, 571.6 12, 766.1 3,013.9
26
SURVEY OF CURRENT BUSINESS
October 1942
Table 2.—Consumer Expenditures for Meals and Beverages and Selected Groups of Services, by Minor Groups 1929-41—
Continued
Item
Tuition and educational fees privately paid:
61. Higher education:
a. Publicly controlled
b . Privately controlled
62. Private elementary and secondary schools
63. Private commercial and business schools
64. Correspondence schools
65. Trade schools
66. Resident schools for the blind, deaf, mentally
deficient, and delinquent—privately controlled...
67. Other instruction except athletics
Total tuition and educational fees privately paid,.
Recreation:
68. Amusement devices and amusement parks
Indoor sports—admissions and fees:
69. Billiard parlors and bowling alleys
70. Ice and roller skating rinks
71. Shooting galleries
Outdoor sports
72. Hunting and fishing licenses
73. Training of hunting dogs
74. Hunting, fishing, and canoeing guide service
75. Bathing beaches and swimming pools—admissions,
fees, ami suit rentals _.
-76. Greens fees—municipal golf courses.....
77. Greens fees—commercial daily fees courses . . . .
78. Golf instruction, club rental, and caddy fees
79. Private flying operations—fares
Spectator sports
80. Professional base ball—admissions
81. Professional football—admissions
82. Professional hockey—admissions
83. Horse and dog race tracks—admissions and pari.
mutuel net receipts
84. College football—admissions
85. Other amateur spectator sports—admissions
86. Purchase of programs
Theater admissions..-."
87. Motion picture theaters
88. Legitimate theater and opera
Organization dues and fees
89. Athletic and social clubs
90. School fraternities
.
91. Fraternal, patriotic, and women's organizations,
(except school and insurance)
92. Luncheon clubs
93. Youth organizations
Other recreation
94. Ticket brokers' mark-ups on admissions
95. Photo developing and printing
96. Photographic studios—fees
97. Sightseeing buses and guides
..
98. Government recreation spots except golf—admissions and fees
99. Dance halls, studios, and academies
100. Rental, boarding and care of horses
101. Veterinary service for pets
102. Pet licenses.
103. Autographs, stamps, and coins—net acquisitions
by collectors
104. Camp fees
105. Entertainments of nonprofit organizations (except
athletic)
106. Slot and pinball machines, juke boxes, and other
nonvending coin machines—receipts minus payoff
107. Book rental and repair (excluding public libraries).
108. Bicycle rental, storage, and repair
109. Boat rental, storage, and repair
110. Commercial amusements not elsewhere classifiedTotal recreation
111. Payments to Government
112. Nonincome item: Noninsurance fraternal, patriotic
and women's organizations—cash benefits paid
except funerals
1929
1930
1931
1932
1933
1934
1935
32.2
108.1
137.9
79.9
32.0
16.7
33.6
112.2
137.3
34.2
114.8
136.2
61. 0
20.0
12.8
34.1
113.5
108.8
33. 2
108.1
81.9
42. 0
15.8
11. 3
35. 0
108. 3
8(j. 3
44.6
17. 0
11.9
39. 3
113.9
95. 2
47.2
17. 5
12.8
24.0
14.1
.6
133. 0
540.
4
15.8
48.6
45.6
1.7
1.3
124.9
13. 6
5.4
1.1
18.0
12.1
.6
87. 5
494.4
42t>. 1
362. 5
15. 5
47.7
44. S
1.7
1.2
123.8
14. 5
13.0
39.9
9. 9
30.3
28.5
1. 1
9.8
29.9
28.2
1.1
.6
78.7
12.7
5.0
1.4
.9
111.7
14.4
89. 9
13.2
372.
5. 0
4.9
7. 8
75. 9
9.2
70. 2
17.0
2.8
2.8
4. 2
-1.8
7.4 |
67. 5
7.2
61.fi
3.2
4.6
7. I
5i.4
4. {
.8
12.4
1.0
14.2
396 . 1 424.3
6
11. 6
40 .8
38. 8
1.3
10.5
35.2
.7
.8
5.0 |
5.0
7.9
78.2
8.7
73.1
17.0
j
4!.(I I
14.6
84. 1
14, 7
5. 2
.0
.3
:i4
4 t.
S. 1'
10. (
H L
12. 7
10. s
1.]
2.0
(\
128. 2
120. 6
52. 5
20. 0
14
48. 1
135. 3
128. 0
54.1
20. 5
15. 2
50.
141. 9
130. 0
52. 8
20. 0
15 4
52 4
147.1
135. 0
56. 1
21. 3
16.1
7.9
4
75.0
4
73. 9
.4
75.0
83. (i
460.0
476. 6
484 9
503. 4
519. 8
15
18. 6
94.6
84.8
9.0
.8
105. 2
21. 6
8.0
1.0
20.8
106,1
94. 8
10.1
1.2
108.0
22. S
8. (J
1. 1
5. 6
ti. M
12.S
45.0
5.8
175. 1
20. 9
3. 3
3.6
15. 1
66. 2
<50. 9
4.4
y
97. 7
18. 4
6.
1. 1
1
69 5
74
8
99 0
20 4
7 4
II. 4
43. 4
140.5
21.5
is -;
»i
|
1(3.3 j
:?!». 0
230 7
75. 1
17.2
691.3
6r9. 4
31.9
230 ti
73. 9
18. 1
114.2
6.9
17.0
291.8
1.8
15.4 I
til. 9 j
1.0 !
114.6
7.4
16.4
295. 5
1.8
16.9
61.7
1.5
112.1
8.3
18.2
312.4
1.7
18.3
60. 6
1.5
112.7
8.9
18.1
357. 3
1.9
20.0
65. 0
1.6
114.8
9.2
18.3
399.5
1.9
22.0
72.0
4.0
14. 5
3. 1
8.0
2.4
4.1
12. 6
2.9
7.5
2. 5
4.4
11.7
2.8
8.0
2.8
4.6
14.2
3.5
8.3
2.9
4.6
15.9
3.9
9.0
3.2
7.3
24. 5
25.9
9.3
25.3
8.5
25.3
9.3
27.9
11.0
29.6
24.0
27.0
27.0
27.0
30.0
35.0
38.0
21.6
3. 5
2.7
3.9
26.5
33. 5
3. 6
3.4
4. 1
36. 7
52.1
3. G
4.1
4. 4
49. 8
54. 7
3.7
4.0
4.2
55. 8
57.7
3.8
3.8
4.2
67.3
68.6
3.9
4.1
4.4
82.1
82.5
3.9
4.3
4.3
91.7
.545.4 1, 543. 6 1, 566. 7 1,810.1
23.2
24.5
21 2
20.8
1,987.4
26.0
150.1
6. 6
18.9
210.4
2. 1
11.3
53.4
.8
149.2
6.4
19. 1
184. 5
1.2
9.9
46.7
.8
145.9
6.2
16.1
152. 7
1.0
8.2
38.9
133.2
6.1
13.6
142.4
1.0
6.6
31.1
.6
3. 5
17.9
3.3
10.0
1.6
3.6
17.6
3.2
9.0
1.2
3. 5
14.8
2 7
8.0
.8
3.4
11.2
2.0
6.0
.8
3.4
11.1
2.0
5.5
3. 5 i
11.9
2.2
6.0
1.3
3 6
13.2
2.3
27.4
1.6
27.2
1.5
25. 0
1.1
22.2
.8
22.1
1.5
22.7
4.5
23.4
28.0
27.0
7.6
2.5
1.6
7.5
35.8
6.0
2.7
1.3
7.3
35.1
J i i . ()
27. 1 !
Ill .") '
cu^. 1 '
19 4 1
(>'<>. 3
6. v .,. 7
LM. (1
W 0
20.5
:>.. 1
71-1.6
("%7. 1
70.7 '
14.5 I
13.6
123.8
6.1
11.3
165. 5
1.0
8.3
39. 0
.8
5.0
6.0
12.0
45.8
5.8
15(5. 0
19. 6
2.9
3.4
52.3
146.6
140.0
58. 0
22. 0
lf>. 5
07.3
37.0
23.4
2. 4
843. 5
804.5
39. 0
234.9
76.3
18.9
154. 3
6.3
18.4
226.9
4.1
12.8
60.2
.8
13.4 I
2
77 7
11) 2 1
14 I
:; o
7.6
19. 6
15.2
1.5
761. 6
723. 7
37. 9
315.6
126. 7
14.2
j 24. 2
! 24 (i
j
i:,.()
!
1.0
! 545.2
i ,"2C>. 9
|
1^.3
L'2;,. 0
|
70. >s
14
70. 3
63.
5. 0
9
9C»". 4
18. 7
6.6
1.0
1-
r> 7
«). 1
111.7
I 1. 7 '
l.r. I
8.9
21.5
17.6
1.7
789. 8
738.6
51.2
332.8
143. 4
13.8
7. f>
20. 5
13 2
1.3
507.6
490. (i
17.0
23S :>
7 2. (I
13.2
51.4
48.0
2. 6
.8
90. 9
16.8
0.0
.9
!. 1
1 S
s 8
V.r,
'». i
10.2
22.5
18.1
1.8
803.3
726.3
77.0
340.5
148.0
13.5
17.8
12. 4
1.3
561. 0
532. 4
28. 6
270. 1
93. 9
14.0
42.8
120. 5
106. 6
49. If
IS. 0
13. 6
•4
521. 2
3 7 . <;
1939
120.4 I
6.2 '
13.9
196. 7
1.1
9. 9
46. 9
1.2
115.5
6.5
14.8
241. 5
i.e.
12.7
55.4
1.5
21.2
2. 3
80.8
•JQ
"-
25." 3
2.5
943. 1
899. 5
43.6
234. 8
73.5
19.0
1.7
[
, 633.1
15.2
20.6
20.0
5. (i
2.8
1.1
6. 5
28. 6
, 590. 2 I, 487. 9
15.2
15.7
19.8
18.9
5.8
3.0
1.0
4.9
20.5
9.0
3.2
.9
3.9
20.5
14.0
3.3
1.8
3.9
22.3
172.6 1, 063. 2 1, 146. 0
14.0
13.4
15.9
18.1
3.9
13. 9
2.7
6. 5
1.8
240. 7 1, 393. 8
16.5
19.0
16.4
13.7
13. 4
13.4
Total, excluding payments to Government and
nonincome items
1, 597.3 1, 554. 7 1,453.8 1,140.5 1,033.4 1,114.7 1,209. 7 1, 361.1 1,511.2 1,509.0 1,530.6 1, 772. 7 1, 948. 3
Gifts and bequests:
113. Religion
929.0
869.5
539.0
549.7
570.5
589. 6
621.4
622.8
757.9
642.3
630.3
657.0
114. Higher education:
a. Publicly controlled
.
9.4
8.7
6.4
9.0
5.5
7.9
14.8
10.5
13. 6
9.9
10.4
11.6
b. Privately controlled
116.4
133.8
75.1
54.1
50.4
73.0
69.6
65.6
SO. 5
68.9
126.2
76.8
115. Private elementary and secondary schools
15.9
16.0
14.3
12.4
11.1
10.1
15.1
15.3
14.1
15.5
14.9
16.1
116. Resident schools for the blind, deaf, mentally deficient, and delinquent
4.3
2.2
4.6
1.6
1.8
2.5
2.9
3.0
3.0
2.9
3.0
3.3
117. Local social and welfare agencies—current account.. 105.0
133. 3
100.9
95.8
108. 2
112.4
110.3
107.4
117.9
129.6
164. 0 123.6
118. National social and welfare agencies
8.2
10.3
16.1
8.1
29.6
9.0
11.4
11.1
16.3
33.3
25.6
10.1
14.3
119. Hospitals and sanitariums—current account
26.0
20.1
12.1
17.4
12.3
17.4
18.0
19.6
17.8
18.7
17. 5
120. Hospitals and institutions—capital account and en46.4
dowment
.
17.3
101.6
14.7
22.1
13.7
35.2
29.7
30.0
31.8
24.6
29.1
9.1
121. Museums and fine arts
31.0
40.0
7.8
9.8
6.4
7. 7
36.9
61.4
8.0
7.5
77.7
36. 0
122. Miscellaneous reform
14.0
14.0
3.7
11.5
20.3
2.0
.5
.4
.4
.4
32.8
25.3
19.3
26.6
123. Foundations
.
12.0
22.0
50.2
22.4
96.3
11.6
28.5
31.6
8.6
5.6
9.6
12.3
124. Foreign relief agencies
7.9
5.4
16. 6
7.3
2.8
25.1
57. 2
35. 0
5.7
30.4
17.6
9.2
125. Political organizations
18.6
8.4
20.6
43. 8
10.6
10.0
9.6
38.6
18.2
21.3
16.3
16.9
126. Governmental units
16.4
17.2
14.8
19. 0
19.2
17.0
18.0
18.0
Total gifts and bequests
Foreign travel and personal remittances abroad:
127. Payments to United States vessels
128. Other foreign travel expenditure
129. Personal remittances to foreign countries
1,019.4
822.1
827. 2
909.0
984.5 il, 097. 5 |l,034.2
960.2 1, 049. 9
1,075.4
38.7
634.4
336.0
36.9
623. 2
296.0
27.9
442.2
260.0
18.6
241.8
199.0
17.9
244.9
180.0
20.2
279.8
154. 0
21.6
297.5
159. 0
27.3
358.1
172.0
25.6
378.3
152.0
25. 5
335. 0
144.0
24.0
196. 1
119. 5
20.7
185.2
88.8
1,009.1
956.1
730.1
459.4
442.1
454.0 1 478.1
620.4 I 555.9
504.5
339.6
294.7
1,446. 8 1,399. 5
25.4
425. 0
170.0
Total foreign travel and personal remittances
abroad
October 1942
SURVEY OF CURRENT BUSINESS
and method of estimate for each series. The accurac}^ of the various estimates,
constructed from a great variety of source material, of course varies considerably.
It is not possible in this place to describe in full the numerous adjustments and
adaptations of source material required to obtain comparability over the period or
to fit the data to the classification employed. Where a census classification is cited,
only receipts from service sales, admissions and fees, or meals, fountain and bar were,
in general, used. The notes to series for which the basic data required a division of
the receipts of enterprises between consumer expenditures and business expense show
the percentage allocated to final consumers, but space does not permit discussion
of the considerations which led to its selection. Many of the scries were checked by
independent methods of estimation which are not described. In general, the table
is most reliable for the period 1933 to 1939. Estimates for 1940 and 1941 are preliminary
for a large number of series.
All data showTn in the tables are gross of taxes included in or added to the price
paid by the final consumer, including sales taxes, taxes on admissions and club dues,
and the Government's share of pari-mutuel net receipts.
Payments which enter the general funds of governmental units have been deducted
from the gross group totals to derive net group totals, by eliminating estimates for
those items which usually are budgeted in this way. This device makes the series
roughly additive to the figures for Government expenditures which have been presented in earlier articles on the gross national product. A more refined reconciliation
of consumer expenditure and Government expenditure is planned for the future.
A few comments with respect to the definition of certain of the major groups may
be useful. The ineals-and-beverages group includes the sale of meals, and fountain
and bar sales of all types of establishments except boarding houses, as well as the
value of meals received by employees as wages in kind. The estimate for services
related to attire includes laundering of home furnishings as well as clothing. The
recreation group is confined to direct recreation expenditures. It excludes vacation
travel and housing. Gifts and bequests to organizations and institutions exclude
(a) gifts and bequests to individuals and (6) gifts and bequests made by business
enterprises. Gifts to individuals residing outside the United States, however, are
included in the group entitled "Foreign travel and personal remittances abroad."
The numbers preceding the following notes correspond to the numbers of the series
in table 2.
Meals a n d Beverages.
1. Receipts from meals, fountain and bar of retail and service establishments,
places of amusement, and tourist courts and camps in 1929, 1933, 1935, and 1939 derived from the Census of Business, except that components other than retail establishments were extrapolated from 1933 to 1929 by that component. Other years interpolated or extrapolated by the Bureau of Foreign and Domestic Commerce index of
total sales of eating and drinking places.
2. Meals, 1929,1933,1935, and 1939, derived from Census of Hotels. Two-thirds of
unseparated room and meal receipts (largely in American-plan hotels) assigned to
meals. American-x)lan room and meal receipts iD 1933 approximated by ratio derived
from 1929. Interpolation and extrapolation to 1940 by index of year-round hotel receipts. 1941 extrapolated by index of total sales of eating and drinking places. Figures for beverages, 1935, and 1939, derived from Census of Hotels. Interpolated and
extrapolated by hard liquor withdrawals, as estimated in the commodity portion of
this study, except 1933 estimated at $7 million, 1929-32 at zero.
3. Source: Statistics of Railivays.
4. Institutions of higher learning: Receipts for board and room, 1930, from Biennial
Survey of Education. For other even years, these receipts derived by applying a
ratio to receipts from auxiliary activities, obtained from the same source, as determined from 1940 schedules of schools reporting board and room receipts separately.
Odd years, straight-line interpolation after converting to calendar-year basis. Figures for board and room combined separated into components by applying the ratio
of the value of a week's board to the value of a week's board and room as estimated
for 1929 by the National Bureau of Economic Research and extrapolated by Bureau
of Labor Statistics indexes.
Fraternities and sororities: Annual cost of board per student derived from House
Management Problems of Fraternities and Sororities, by B. R. Robson. Extrapolated
by Bureau of Labor Statistics cost of food index. Number boarding in 1936 derived
from American Universities and Colleges, by C. S. Marsh. Extrapolated by enrollment in higher education.
Private elementary and secondary schools: Annual cost of board determined by
reference to colleges. Number of boarding students derived in part from number of
schools with boarding departments in 1933 reported in Biennial Survey of Education,
1932-84.
School lunchrooms: Assumes one-third of pupils eat lunch at school lunchrooms,
paying an average price per lunch of 11 Hi cents (average in District of Columbia).
Extrapolated from 1938 by estimated change in number of school lunchrooms and
food prices.
5. "Institutions" correspond to organizations covered in series 93 and to hospitals
(excluding patients' meals), museums, etc. Data for a sample raised by ratio largely
derived from U. S. Children's Bureau, Community Welfare Picture in 34 Urban Areas,
W40. "Clubs", estimated at 95 percent of club dues in series 89. "Industrial lunchrooms" derived from material in F. E. Baridon and E. H. Loomis, Personnel Problems; in National Industrial Conference Board, Studies in Personnel Policy, March
1940; and other sources.
6. 1939 tips in retail trade and service establishments estimated from wage studies
in restaurant occupations made by State labor departments of Illinois, New York,
Ohio, and Rhode Island. Similar studies for hotels were available for New York
and Illinois. Tips to employees of dining and buffet cars estimated at 12 percent of
sales (based on 10.6 percent for New York City hotels). Tips in clubs estimated to
27
bear the same ratio to sales of meals and beverages as in hotels. Hotel tips in this
series excluded room-service employees. Extrapolation of each component based
on sales of meals and beverages by the establishments concerned.
7. Valuation of board measured by cost to the employer. Includes board received
by hotel and hospital employees, food-service employees, and persons engaged in
water transportation. Board received by farm labor, domestic-service employees,
religious workers, employees in education, and the armed forces not included in this
series.
Water transportation: Based on data from Maritime Commission, U. S. Shipping
Board, and information gathered by Bureau of Foreign and Domestic Commerce.
Food-service employees except hotel employees: Full-time-equivalent workers
determined by dividing pay roll, derived by application of pay roll-to-sales ratios
from Censuses of Retail Distribution to food and beverage sales of pertinent groups, by
average full-time earnings derived from the same source. Annual cost to employer
of food per employee based on typical restaurant checks marked down to cost of food
to employer. Extrapolated by Bureau of Labor Statistics cost of food index. Number of meals per day based on State studies cited in note to series 6. Allowance made
for employees not receiving any meals.
Hotel employees: Number of meals received, from 1935 Census of Hotels, extrapolated by employment. Valuation same as for food-service employees.
Nongovernmental hospital employees: Board for 1935 based on Public Health
Service, Business Census of Hospitals, 1935 and special tabulation of schedules from
that Census. Extrapolation based on Bureau of Labor Statistics cost of food index
and employment in private hospitals.
Governmental hospital employees: Derived from 1935 Census on assumption that
relationship between maintenance and pay roll for various classes of employees was
the same as for nongovernment hospitals. Extrapolation based on average daily
census of patients and food price index.
Services Related to Attire.
8a. 1933, 1935, and 1939 based on Census of Business—shoe-repair shops, shoeshine
parlors, and shoe stores. Other odd years except 1941 interpolated or extrapolated
by receipts of the boot and shoe cut stock industry from the Census of Manufactures,
adjusted for differences in amplitude of fluctuation between the two series. Even
years and 1941 interpolated or extrapolated by the Bureau of Labor Statistics index
ol dyeing and cleaning pay rolls.
8b. 1933, 1935, and 1939 based on Census of Business—fur repair and storage shops;
furriers, fur shops; and 4 percent of the service receipts of department stores. 1929
from Census of Retail Distribution, with fur repair and storage shops extrapolated from
1933 by furriers, fur shops. Other years interpolated or extrapolated by the Bureau
of Labor Statistics index of dyeing and cleaning pay rolls.
8c. Includes: Receipts from cleaning and dyeing at retail of cleaning and dyeing
plants, rug-cleaning establishments and power laundries; storage receipts of cleaning
and dyeing plants; service receipts of cleaning, dyeing, pressing, alteration and repair
shops, dry goods and general merchandise stores (except furriers, fur shops and shoe
stores), department stores (60 percent), establishments engaged in cleaning and
renovating hats, and hemstitching, embroidering and buttonholing shops. Source
for 1929, 1931, 1933, 1935, and 1939, the Censuses of Business, Cleaning and Dyeing,
Power Laundries, and Rug Cleaning Establishments. Missing components in some
years estimated from those for which data were available. 1930, 1932, and 1934 interpolated by American Institute of Laundering index of cleaning plant sales; 1936,1937,
and 1938 by Bureau of Labor Statistics index of dyeing and cleaning pay rolls. 1940-41
extrapolated by same index deflated by an index of average hourly earnings in dyeing
and cleaning and multiplied by the Bureau of Labor Statistics cost of living index of
cleaning and dyeing prices.
8d. Number of dressmakers and seamstresses, 1930 and 1940, based on Census of
Occupations. Interpolation, 1931 to 1939, by Bureau of Foreign and Domestic Commerce estimates of employment in domestic service. Average receipts assumed
equal to average cash earnings of domestic servants as estimated by the Bureau of
Foreign and Domestic Commerce. 1929 and 1941 set by reference to 1930 and 1940
estimates.
9. Includes receipts from bundle work and family services of power laundries, laundry receipts of cleaning and dyeing plants, and 80 percent of the service receipts of
hand laundries. (Payments from hand laundries to power laundries were taken at
20 percent of the formers' receipts.) Receipts of hand laundries 1929, 1931, and 1933
estimated by movement of other components. Source: Censuses of Power Laundries,
Cleaning and Dyeing, and Service Establishments. Interpolation and extrapolation
similar to that for series 8c, substituting laundry data from the same sources for cleaning and dyeing data in all cases.
10. 1933 and 1939 from Census of Business. Other years interpolated or extrapolated
by the index of gross receipts from operations of Miscellaneous Amusement Corporations, except that the links for 1933-34 and the years after 1939 are based on an adjusted
index of receipts from the Federal admissions tax. Consumer allocation: 75 percent.
11. 1933, 1935, and 1939 from the Census of Business—jewelry stores and watch,
clock, and jewelry repair shops. 1929 estimated from jewelry stores only. Source:
Census of Retail Distribution. Other years interpolated, and 1940 and 1941 extrapolated, by index of final cost to users of clocks, watches, jewelry, and sterling silverware, as estimated in the commodity portion of the study. Index for 1940 and 1941
corrected for differences in amplitude of fluctuation between the two series. Consumer allocation: 98 percent.
12. 1929, 1933, 1935, and 1939 derived from the Census of Retail Trade. Other years
straight-line interpolation or extrapolation.
13. Defined like "other personal services" group in 1939 Census of Business. Includes some nonattire items. 1935 and 1939 based on Census of Business. Other
years interpolated or extrapolated by series 8c.
28
SURVEY OF CURRENT BUSINESS
Personal Appearance and Comfort.
14. Includes service receipts of barber shops, 50 percent of "barber and beauty
shops," 3.2 percent of the service receipts of department stores, and tips, estimated
at 5 percent of the preceding items. Source, 1933, 1035, and 1939: Census of Business.
Other years 1929-39 interpolated or extrapolated by series 9. 1940 and 1911 extrapolated by an index constructed by multiplying the Bureau of Labor Statistics cost of
living index for men's haircuts by a deflated output index for laundry services.
(See note to series 9.)
15. Includes service receipts of beauty parlors, 50 percent of "barber and beauty
shops," 28.S percent of the service receipts of department stores, and tips, estimated
at 5 percent of the preceding items. Source, 1933, 1935 and 1939: Census of Business.
Interpolation and extrapolation similar to that used for series 14, with the cost of
living index for women's beauty parlor services substituted for men's haircuts in the
1940-41 extrapolation.
16. Includes: (a) Masseurs not in establishments, with their number in 1929 taken
at one-half the number of all masseurs, as estimated by the Committee on the Costs
of Medical Care, held constant in all years, and their average income assumed equal
to that of members of the miscellaneous curative and healing profession (series 51);
(b) service receipts of baths and masseurs' establishments (Turkish, etc.) raised 5
percent to allow for tips. Source, 1935 and 1939: Census of Business. Other years,
1929 to 1939, interpolated or extrapolated by series 9; 1940-41 by series 14.
User-operated Transportation.
17. 1929, 1933, 1935, and 1939 based upon Census of Business and Census of Retail
Distribution, with 1929 partly estimated. Includes service, retail and wholesale
establishments. Other years before 1935 were interpolated by the Motor and Equipment Manufacturers' Association index of shipments of service parts to wholesalers.
1936-38 were interpolated, and 1940 extrapolated, by the Bureau of Foreign and
Domestic Commerce index of sales of parts and accessories stores, based on sales-tax
receipts in Illinois, Iowa, and Indiana. 1941 based on number of gallons of gasoline
sold and Bureau of Labor Statistics cost-of-living-index for auto repair. Consumer
allocation: Varies from 56.3 percent to 58.0 percent.
18. 1935-36 derived from National Resources Planning Board Study of Consumer
Purchases. Extrapolation by automobile insurance written, derived from Spectator
Company Insurance Yearbook: Casualty and Surety, and Fire and Marine volumes.
19. Sources: Municipal Yearbook: for 1939, 1940, and 1941, and American Automobile Association.
20a. Registration fees for passenger cars derived from Public Roads Administration series of annual releases MV-2. Consumer allocation: 70 percent.
20b. 1932 based upon Public Roads Administration survey. 1940 based upon
Bureau of the Census, American Government Revenues 194-1. Other years interpolated
or extrapolated by weighted index of Illinois State registration fees, Missouri local
registration fees (1934-36) or State fees, and other State fees. Consumer allocation
similar to that for 20a.
21. Includes: Operators' and chauffeurs' permits, consumer allocation 100 percent;
certificate of title fees, transfer or reregistration fees, and estimated charges, local
collectors, with consumer allocation based on series 20a; special titling taxes, with
consumer allocation based on value of consumer purchases of new autos and total
vehicle sales, with allowance for used-car purchases. Source: Public Roads Administration series of annual releases MV-2.
22. 1941 is one-half of January 1942 reported collections. Consumer allocation: 70
percent times 1940 ratio of passenger-car registrations to total motor-vehicle registrations.
23. Tolls paid by passenger cars and by all vehicles in 1938 and 1940 calculated from
Public Roads Administration, Toll Bridges and Tunnels in the United States, by
multiplying traffic by the toll rate for each bridge. Total tolls in 1933 obtained from
toll bridge N. R. A. Code Committee, and passenger cars separated by 1938 ratio
Interpolation and extrapolation by an index obtained by multiplying an index of
gasoline consumption by an index of the number of toll bridges. Consumer allocation: 70 percent.
24. 1938 and 1940: Method similar to that used for series 23. Other years interpolated or extrapolated by a sample.
25. Passenger-car tolls on ferries calculated for 1938 from Public Roads Administration, Ferries in the United States, by multiplying traffic by toll rate. Other years
extrapolated by the number of ferry passengers, as given by the Army Corps of Engineers in Commercial Statistics. Pennsylvania Turnpike tolls added. Consumer allocation: 70 percent.
26. Sum of series 20a, 20b, 21, and 22.
27. Estimated by applying the ratio of claims paid to premiums for all automobile
insurance, derived from the Spectator Company Insurance Yearbook, to premiums
paid by consumers, estimated in series IS.
28. Street and electric railways, and busses operated by municipalities, electric
railway companies and their subsidiaries, and steam railroads, derived from Census of
Electrical Industries for 1932 and 1937 and American Transit Association series reported
in the Survey of Current Business. Passenger revenues from local operation of ether
bus lines obtained for 1935 from Census of Motor Bus Transportation, extrapolated
1930 to 1937 by unrevised Bus Transportation estimates of total revenue from operation
of city or local bus companies, as reported in 1939 World Almanac; to 1929 by older
estimates of same series, from Bus Fads for 1931; and from 1937 to 1941 by Transit
Journal estimates of operating revenues of city and suburban motor busses. Consumer allocation: 95 percent.
29. Estimates from the following sources were used: 1929—W. H. Lough, Highlevel Consumption; 1934 and 1941—Hawley S. Simpson, American Transit Association; 1936— Transit Journal. (Considered comparable by Simpson). Other years
interpolated by data for taxicab corporations, arbitrarily adjusted in some years.
Consumer allocation: 70 percent.
October 1942
30. Source: Statistics of Railways.
31. 1938 derived from Ferries in the United States—193S. Extrapolation to other
years based on the number of ferry passengers, reported by the Army Corps of Engineers in Commercial Statistics.
32. Source: Statistics of Railways. Consumer allocation: 70 percent after deduction of estimated Federal Government expenditures.
33. Source: Pullman Co. and class I railway sleeping- and parlor-car fees, Statistics
of Railways. Tips estimated for 1932 on basis of questionnaire survey of Pullmancar porters; other years based on number of berth and seat passengers and assumed
changes in percent tippng and amount tipped. Consumer allocation: 60 percent
after deduction of Federal Government.
34. From the estimates of bus-operating revenues for the fiscal years 1937-41, as
presented in the Annual Report of the Interstate Commerce Commission; interstate
local carriers and non-passenger-fare revenue of other intercity bus lines were eliminated, The data were centered to a calendar-year basis, and extrapolated to 1930 by
Bus Transportation estimates of total revenue from operation of intercity motor bus
companies, as reported in 1939 World Almanac, and to 1929 by older estimates of the
same series, from Bus Facts for 1931. Consumer allocation: 90 percent (1941: 88 percent).
35. Passenger revenue of domestic air lines, 1935-41, obtained from Civil Aeronautics
Board. Extrapolation to 1929 by series obtained by multiplying passenger miles
flown by average passenger mile rate. Source: Civil Aeronautics Journal, October 15,
1940. Consumer allocation: Varies from 45 percent in 1929 to 33.3 percent for 1939 to
1941.
36. Includes fares and expenditures for meals and berths. Derived from U. S.
Maritime Commission, Economic Survey of Coastwise and Intercoastol Shipping,
passenger statistics of U. S. Army Corps of Engineers, and Interstate Commerce
Commission reports on Carriers by Water. Consumer allocation: 90 percent.
37. Includes: Excess baggage charges from Statistics of Railways (consumer allocation, 90 percent); charges and tips for baggage carried by red caps, based on Redcaps
in Railway Terminals under the Fair Labor Standards Act, 1938-1,1, and other sources,
(consumer allocation, 70 percent); interstation baggage transfer, parcel room and
baggage storage revenues of railways, switching and terminal companies, largely from
Statistics of Railways (consumer allocation, 70 percent).
Household Utilities and Communication.
38. Estimate represents total residential or domestic sales of electricity and revenue
from rural sales at distinct rural rates, minus farm business use, estimated by assuming farm consumers use same number of kilowatts for nonbusiness uses as other consumers (except that the 1936 percentage allocation between business and nonbusiness
use for Eastern farms was utilized for later years), and minus electricity included in
rent, estimated from the percentage of families renting under this arrangement.
Source of domestic and farm sales: Edison Electric Institute. Source for percentage
of families receiving electricity in rent: Study of Consumer Purchases.
39. Includes sales to domestic consumers of natural gas, and sales to domestic consumers and for house heating of manufactured gas. Source: American Gas Association. Deduction for gas included in rent based on percentage deduction used for
electricity. See description of series 38.
40. 1935-36 figure derived from the National Resources Planning Board Study of
Consumer Purchases. Extrapolation by Bureau of Labor Statistics estimates of the
number of nonfarm occupied dwellings.
41. Source for 1929, 1930, and 1935: Rolf Nugent, Consumer Credit and Economic
Stability, 1931-34 interpolated and 1936-37 extrapolated by index of local service
revenues of Class A telephone carriers filing annual reports for 1939 with the Federal
Communications Commission. 1938-41 extrapolated by a 2-year moving average of
the year-end number of residential phones in operation, as reported by the Federal
Communications Commission. Federal and non-Federal excise taxes, obtained from
the Federal Communications Commission and consumer allocated like telephone
revenues, were added to the series thus obtained.
42. 1935-36: Equals 10 percent of a combined figure for postage and telegraph derived from the National Resources Planning Board Study of Consumer Purchases.
1929-37 extrapolated by the operating revenues of wire telegraph carriers. 1938-41
extrapolated by revenues from greeting telegrams. Source: Federal Communications
Commission.
43. 1935-36: Equals 90 percent of a combined figure for postage and telegraph derived from the National Resources Planning Board Study of Consumer Purchases.
Extrapolation by weighted average of first class postal revenues, and the "Christmas
bulge" in revenues, with index adjusted 1931-33 on assumption consumer use of postal
service was reduced less by rate increase than business use.
Medical Care and Death Expenses.
41. Estimated by multiplying number of physicians in independent practice by
average gross income. Number of physicians biennially from American Medical
Association Directory. Other years straight-line interpolation. Percentage in independent practice based on: 1929, Committee on the Costs of Medical Care; 1938,
Number of Physicians in the United States by County; 1942, Estimate of American
Medical Association, based on special census. Average gross income 1929-36 from
Bureau of Foreign and Domestic Commerce surveys. 1937-41 extrapolated by index
of average gross earnings obtained from preliminary unweighted tabulation of 1,188
unedited returns from 1942 Bureau of Foreign and Domestic Commerce survey.
Later years preliminary pending completion of this survey. Payments to physicians by life insurance companies deducted. Source: Spectator Company Insurance
Yearbook.
45. Number of dentists in independent practice and part-salaried practice derived
from Census of Occupations, American Dental Association data, and Bureau of Foreign and Domestic Commerce surveys. Average gross income 1929-37 and 1941
October 1942
SUEVEY OF CURRENT BUSINESS
(preliminary figure) from Bureau of Foreign and Domestic Commerce surveys.
1938-41 preliminary pending completion of survey now in progress.
46. Number of osteopaths annually 1929-41 from American Osteopathic Association.
Percentage in independent practice and average gross income 1929-37 from Bureau of
Foreign and Domestic Commerce survey, 1938-41 estimated by reference to 1937 figure.
47. Number of chiropractors 1929 and 1933 from Chiropractic Health Bureau; 1941
from Fisher-Stevens Service, Inc., list. Other years straight-line interpolation.
Percentage in independent practice and average gross income 1929-37 from Bureau of
Foreign and Domestic Commerce survey, 1938-41 estimated by reference to 1937 figure.
48. Number of chiropodists and podiatrists, 1929 from Committee on the Costs of
Medical Care; 1938 and 1941 from Fisher-Stevens Service, Inc., list. Other years
straight-line interpolation. Percentage in independent practice and average gross
income 1929-37 from Bureau of Foreign and Domestic Commerce Survey, 1938-41
estimated by reference to 1937 figure.
49. Number of private-duty trained nurses 1929 from Committee on the Costs of
Medical Care; 1941 derived from The National Survey of Registered Nurses; 1934
to 1940 held equal to 1941; 1930-33 interpolated by reference to general business conditions and advice of persons familiar with the field. Average income 1929 from
Committee on the Costs of Medical Care; 1933 and 1934 from American Nurses'
Association questionnaire survey; 1930-32 interpolated by average net income of
dentists; 1935-41 preliminary pending completion of Bureau of Foreign and Domestic
Commerce survey now in progress.
50. Number of practical nurses and midwives 1930 and 1940 from Census of Occupations; 1929 assumed equal to 1930, and 1941 to 1940; 1931-39 straight-line interpolation. Average income 1929 from Committee on the Costs of Medical Care; other
years extrapolated by average income of private-duty trained nurses.
51. Includes naturopaths and related professions, and religious healers. Number
in all years assumed equal to the estimate for 1929 of the Committee on the Costs o
Medical Care. Average income 1929-37 based on Bureau of Foreign and Domestic
Commerce survey of incomes of Christian Science practitioners. 1933-41 estimated
by reference to 1937 figure.
52a. 1935 from Business Census of Hospitals. Nonprofit and proprietary hospitals
extrapolated separately by average daily census of patients, from Journal of the
American Medical Association, March 28, 1942, adjusted to Committee on Costs of
Medical Care estimate for 1929, and to 1938-40 movement shown in U. S. Children's
Bureau, The Community Welfare Picture in $4 Urban Areas, 1940. Bureau of Labor
Statistics cost of living price index for hospitals applied to 1940-41 change. Includes
payments by group health and group hospital associations.
52b. Method similar to series 52a, without adjustment to 1929 base or Children's
Bureau study, but with price index applied, 1939 to 1941.
53. Derived from data furnished by Dr. Rufus Itorem. Data are net of payments to hospitals, which are included in series 52,
54. Based on tabulation of charges made to students from catalogs of more than
1,000 schools, and extrapolated by enrollment in higher education.
55. Includes accident and health insurance premiums paid to life-insurance companies and to casualty and surety insurance companies. Source: Spectator Company Insurance Yearbook.
56. Source: Spectator Company Insurance Yearbook.
57. Estimates include funeral directors' and cmbalmcrs' services and coffins, but
not tombstones. 1935 and 1939 from Census of Business— funeral directors, embalmers. Other odd years 1929-41 interpolated or extrapolated by the value of coffins and
funeral supplies produced. Even years 1930-36 interpolated by series for funeral
billings from Rolf Nugent, Consumer Credit and Economic Stability. 1938 and 1940
straight-line interpolation. Also includes estima te for funeral receipts of furniture and
undertaking establishments derived from 1929 Census of Retail Trade and held as
constant percentage of total estimate in all years. Deduction made for allocated
part of death benefits paid by noninsurance fraternal organizations.
58. A series for corpses requiring lots, excluding paupers, prepared by deducting
from total deaths each year an estimate of cremations, dissections, unrocovered
bodies, and paupers, was multiplied by the average price of a single lot estimated,
on basis of scattered information, at amounts varying from $100 in 1933 to $125 in 1929
and 1941. The average cost for cremation and columbarium space, estimated at $100
in all years, was multiplied by the estimated number of cremations and added to the
cemetery figure. Deduction made for allocated part of death benefits paid by noninsurance fraternal organizations.
59. Source: Insurance Yearbook.
60. Source: Insurance Yearbook.
Tuition and Educational Fees Privately Paid.
61a. Alternate school years 1927-28 to 1937-38 from Biennial Survey of Education.
Intervening school years straight-line interpolation. Shifted to calendar years by
averaging adjoining school years. Later years estimated on basis of change in
enrollment from 1937-38 to 1939-40, and data in XT. S. Office of Education College
Income and Expenditures, annually.
61b. Method similar to that used for series 61a.
62. Expenditures in alternate school years 1929-30 to 1937-38 from Biennial Survey
of Education. Tuition assumed to bear same ratio to expenditures as for 110 Catholic
institutions of higher education, tabulated for 1933-34. Interpolation and shift to
calendar year basis similar to mot hod used in series 61, except that school year 1932-33
was assumed equal to 1933-34.
63. The apparent number of schools in operation each year, based on Office of
Education data, was multiplied by the average enrollment for schools reporting in
the Biennial Survey of Education in 1929 and 1933, and to Jay W. Miller in 1938 {The
Balance Sheet, December 1939), with straight-line interpolation for intervening years
to secure an estimate of total enrollment. Enrollment multiplied by estimated aim ual
29
tuition fee in 1938, calculated from median average monthly tuition rate reported by
Miller, reduced 28 percent to allow for part-time students and seasonal changes in
enrollment. Extrapolation 1938-41 by gross sales of correspondence schools.
64. Source: 1929-40 National Home Study Council, based on reasonably accurate
figures for three-fourths of the field. 1941 assumed 3 percent above 3940.
65. 1934 based on separate estimates made for schools covered by Office of Education Bulletin 1935, No. 8, except those included in other components. Total raised
by ratio of total number of schools reported by State boards in California and Missouri
to identical schools included in Bulletin 8. Other years extrapolated by average of
indexes for tuition payments to higher education, privately controlled, and correspondence schools.
66. 1931-32 and 1935-36 from Biennial Survey of Education, on assumption tuition
equals one-half of receipts from private sources other than gifts. Intervening years
interpolated by tuition in higher education. Other years held constant, except small
increase assumed in 1941.
67. Represents payments to unattached teachers and small nonresident "schools"
not covered elsewhere. 1941 number of music and dancing teachers (excluding those
in dancing academies) estimated from count of city directories and raised 10 percent
to cover teachers of elocution, art, bridge, and other subjects. Average gross income
taken as $1,500. Extrapolated to 1939 by an index of the average value for the given
and two preceding years of pianos and other musical instruments produced, excluding
organs and perforated music rolls. Extrapolated to 1929 by index of sum of series
76, 77, and 89.
Recreation.
6S>. Source 1935 and 1939: Census of Places of Amusement. Other years except 1934
and 1940-41 interpolated or extrapolated by index of gross receipts from operations of
[miscellaneous amusement corporations, from Statistics of Income and the Treasury
Sourcebook. 1933 extrapolated from 1934, and 1940-41 from 1939, by index of receipts
from the Federal tax on admissions, with 1 month lag. Monthly data adjusted to
fiscal year data published in Annual Report of the Commissioner of Internal Revenue.
Adjustments made to allow for changes in rates and exemptions.
69. 1933, 1935, and 1939 from Census of Places of Amusement, with 1933 and 1935
adjusted to correspond to 1939 Census definition. Other years interpolated or extrapolated by same method as series 68.
70. Source and method same as for scries 68.
71. 1939 from Census of Places of Amusement. 1929—number of establishments
estimated by extrapolation of 1921-26 Federal receipts from tax on shooting galleries.
Receipts per gallery assumed equal to 1939. 1930-38 interpolated by series 69.
1940-41 represent assumed change from 1939.
72. Includes hunting and fishing licenses and migratory bird hunting stamps.
Sources: Bureau of Biological Survey and Post Office Department.
73. 1940: Cost of feed, care, and training from Fish and Wildlife Service release
181444. Value of feed eliminated. Extrapolated by hunting licenses.
74. 1930: Number of guides derived from Census of Occupations and average income
assumed to be $1,000. 1941: Estimated to comprise 55 percent of Fish and Wildlife
Service estimate of $2 million for club caretakers and guide service (Release 181444).
Other \ears interpolated or extrapolated by value of products of firearms industry.
75. Source and method same as for series 68.
76. Based on Golfdom data for number of 9- and 18-hole courses and rounds played
on each, and National Golf Foundation survey of rates charged.
77. Source and method same as for series 76.
78. Based on scattered sources. 1941 includes $10 million for instruction (5,000
professionals at $2,000 each), $0.5 million for club and ball rental, and $34.5 million for
caddy fees (based on Golfdom estimate of 571,000 private club members spending $35
each, and an allowance of $14.5 million for other golfers, in conjunction with Grantland
Rice 1937 estimate of 600,000 caddies earning at least $2 a week during the season
(Golfer's Year Book 1938). Extrapolation by sum of series 76, 77, and 89.
79. Civil Aeronautics Board figure for passengers carried in for-hire private flyingoperations multiplied by assumed average fare of $5.
80. Source 1939: Census of Places of Amusement. Other years: Major league receipts estimated each year at paid attendance times $1.10 ($1,1929 to 1931) plus World
Series receipts; A A minor leagues at attendance times 71 cents (65 cents, 1929 to 1931).
These estimates deducted from 1939 figure and remainder extrapolated by attendance
at other organized minor league games, with attendance estimated from number of
leagues operating in earlier years.
81. Based on newspaper estimates of attendance for National, American, and Dixie
Leagues, and American Association.
82. Actual receipts of United States clubs obtained from National Hockey League
(all years), American Hockey League (1938-39 to 1940-41), and the American Hockey
Association (1940-41). Other components estimated. Tax added. Shifted from
seasons to calendar years by inclusion of two-thirds of the earlier season and one-third
of the later season.
83. Includes admissions, and tracks' and States' share of bets placed. Source:
Reports of State racing commissions, supplemented by data from newspapers and
sports manuals and the Census oj Places of Amusement.
84. Source, 1930: J. F. Steiner, Americans at Play. 1929 and 1931 based on change in
receipts of over 100 colleges and universities, same source. Other years extrapolated
by year-to-year percentage change in attendance at home football games of identical
schools compiled by the Associated Press. Estimated tax added.
85. This is a highly speculative item, based on 1935 estimates for individual sports
constructed by various methods. Extrapolated by an average of indexes of series
84, and of gross receipts from operations of miscellaneous amusement corporations
linked to admissions tax receipts.
1 86. Based on attendance at baseball, football, and hockey games, and on series 88,
30
SURVEY OF CURRENT BUSINESS
87. Source 1939: Census of Places of Amusement.
Extrapolated by gross receipts
from operations of motion picture theater corporations, from Statistics of Income and
the Treasury Sourcebook except 1933 and 1940-41, extrapolated by adjusted index of
admissions tax receipts, and 1931, extrapolated from 1932 by gross receipts from operations of motion picture theater corporations and motion picture producers, combined. Allowance made for change in tax.
88. Source 1935 and 1939: Census of Places of Amusement.
Interpolation and extrapolation by gross receipts from operations of theaters, legitimate, vaudeville, etc.,
corporations, except 1937-38 by miscellaneous amusement corporations (Source:
Statistics of Income and Treasury Sourcebook), and 1933 and 1940-41 by adjusted index
of receipts from admissions tax. Allowance made for change in tax.
89. Based on Federal receipts from club ta v , with allowance for clubs exempt because
their dues fall below the minimum taxable equal to 10 percent of taxed dues 1929-40,
and an equivalent amount after adjustment for changes in exemption in 1941.
90. Includes college, secondary, and professional fraternities and sororities. Membership estimates derived from Baird's .Manual of American. College Fraternities
1930 and 1935, with average dues and initiation fees estimated. Extrapolation based
on resident college enrollment.
91. Division of fraternal orders between insurance and noninsuranee orders follows
classification of Statistics of Fraternal Societies. Data for membership, dues, and initiation fees obtained in a special survey made by the Bureau of Foreign and Domestic
Commerce in 1941-42.
92. Membership of the three principal clubs raised for all clubs, partly on basis of
information in Jesse F. Steiner, Americans at Play, and multiplied by $15, given b y
Kteiner as minimum annual dues of federations having more than one-lvalf the membership.
93. Includes Y. M . C. A., Girl Scouts. Boys Clubs, Settlements, etc. Excludes
payments for meals, lodging, and tuition to organized schools operated by these
agencies. 1940: Based on Children's Bureau report cited in note 5. Extrapolation
by data for organizations receiving more than two-thirds of the total.
94. Based on Federal tax collections from tickets sold other than at places of amusement.
95. Source 1933, 1935, and 1939: Census of Business--photo finishing laboratories.
Raised by two-thirds of average mark-up of drug stores, on assumption one-third of
work is for consumers direct, two-thirds passes through retail channels. 1929, 1931,
and 1937 extrapolated or interpolated by value of cartridge or roll films produced.
Other years straight-line interpolation except 1930. HMO, and 1941 estimated from
adjoining years.
96. Source 1933: Census of Business—photographic studios. 1929-35 extrapolated
by series 95, 1939 extrapolated from 1935 by Census of Business data for photographic
studios (change in definition makes these censuses inappropriate for level). 1930-38
interpolated by series 95. 1940-41 estimated by reference to 1939 figure.
97. Highly speculative estimate. 1930: Number of "hunters, trappers, and guides"
in cities of 100,000 or more (from Census of Occupations) times $2,200. 1940 assumed
double 1930. Other years interpolated or extrapolated by number of visitors to national parks.
98. 1940: Non-Federal government recreation — raised by urban population from
Children's Bureau, The Community Welfare Picture in, ']L Urban Area* 1940, municipal golf deducted, estimate for libraries, art galleries, and museums added. Agrees
with estimate derived from National Recreation Association. Charurs and Fee* for
Community Recreation Facilities. Held constant all years. Source of Federal items:
Annual Report of the Secretary of the Treasury.
99. Source and method same as for series OS.
100. Source and method same as for series 68.
101. Based on Bureau of Foreign and Domestic Commerce distributive share
estimates of veterinarians' income. Consumer allocation: 34.1 percent. Preliminary,
pending completion of Bureau of Foreign and Domestic Commerce survey now in
progress.
102. Source: 1936, 1937, and 1938, for cities of 100,000 or more, Bureau of the Census.
Raised by urban population. Extrapolation by value of dog and cat food produced.
103. 1929: Raised from seven State data for "autographs, philatelists" establishments from Census of Retail Distribution. Extrapolation by value of imports for
consumption of foreign stamps.
104. Receipts at capacity in 1940 tabulated from data in Directory of Camps in
America lQjfi. Nonprofit camps assumed operating at capacity, held constant all
years. Private camps estimated operating at 75 percent of capacity in 1940. extrapolated by gross receipts from operations of miscellaneous amusement corporations
and adjusted index of receipts from admissions tax.
105. An arbitrary figure for 1939 was extrapolated by t he sum of all other recreation
items.
106. Source 1935 and 1939: Census of Business data for service receipts of coinoperated machine rental and repair service establishments doubled to cover share of
renter of machine. Other years estimated from nonstatistical information from
various sources.
107. 1935 and 1939 from Census of Business—circulating libraries, and book stores;
1929 derived from Census of Retail Distribution.
Other years straight-line interpolation or extrapolation.
108. 1929, 1933, 1935, and 1939 derived from Census of Business. Other odd years
interpolated or extrapolated by number of bicycles produced. Even years straightline interpolation.
109. 1939 derived from Census of Business. Extrapolation by sum of series 76, 77,
and 89.
110. Source 1939: includes receipts from admissions and fees of automobile race
tracks, sports and athletic fields, sports promoters, and ''other amusements," and
service receipts of musical instrument repair shops and piano and organ tuning and
October 1942
repair services from Census of Business, with estimates in series 81 and 82 deducted.
1935 derived from Census of Business by adjusting Census classifications to the 1939
definition. Other years interpolated or extrapolated like series 68.
111. Sum of series 72 and 102.
112. Includes cash benefits other than death benefits paid by organizations included
in series 91. Source same as for series 91, but based on less complete information.
Sec also notes to series 57 and 58.
Gifts and Bequests to Organizations and Institutions.
About $30 million of gifts, representing business contributions have been eliminated
from this group of estimates.
113. Gifts for all purposes to United States churches reporting to the United Stewardship Council raised by the ratio of expenditures of all churches to expenditures
of reporting churches, tabulated from the 1936 Census of Religious Bodies.
114. Alternate school years 1927-28 to 1937-38 from Biennial Survey of Education.
Other school years interpolated or extrapolated by John Price Jones Corporation
series for 52 colleges and universities. Centered to calendar years by averaging
adjoining school years.
115. Method similar to that for series 62.
116. Sum of estimates for public and private schools. Public: School years 1931-32
and 1935-36 derived from Biennial Survey of Education. 1929-30 assumed equal to
1927-28, from same source. Interpolation and extrapolation by series 114a. Private:
School years 1931-32 and 1935-36 derived from Biennial Survey of Education. Interpolation and extrapolation by series 114b.
117. Includes local agencies together with budgets of local chapters of national
organizations. Hospitals excluded. Chicago and New York City were separately
estimated. Remainder of country estimated 1940 from detailed tabulations based on
Community Chests and Councils, Inc., Directory of Community Chests and Councils
of Social Agencies 1941; Children's Bureau, Community Welfare Picture in 34 Urban
Areas 1940; extrapolation of W. P . A. series for outdoor rural-relief expenditure from
private sources; and data for corporation contributions, fax subsidies included in
chest pledges, unpaid pledges, and chest allocations to hospitals. Extrapolation by
index of individual contributions to 177 identical community chests (using a 1-year
lead over the year for which funds were raised) with minor adjustments.
Us. Includes only national budgets of national organizations. Sale of National
Tuberculosis Association Christmas seals, and gifts for foreign relief to Red Cross and
other organizations not primarily organized for foreign relief, are included. Source:
Compiled from reports of organizations. Very small percentage estimated.
J19. Based on report of the Committee on the Costs of Medical Care: Children's
Bureau study cited in note 117; community chest allocations to hospitals; National
Bureau of Economic Research, Corporation Contributions to Organized Community
Welfare Service, contributions to Greater New York Fund hospitals: United Hospital
Fund of New York reports; and other sources. 1929 and 1940 are base years for the
series.
120. Assumed equal to new construction started on private hospitals and institutions. Source: Bureau of Foreign and Domestic Commerce.
121. 1929: John Price Jones Corporation estimate. Other years equal sum of (a)
publicly announced gifts for the fine arts in seven large cities, same source; (6) 10 times
the amount of gifts reported by the Yearbook of Philanthropy to 9 museums outside
those cities: and (c) large gifts outside those cities reported by the Yearbook of Philanthropy and the World Al man ar.
122. 1929: Estimate of John Price, Jones Corporation. 1930 held constant. 1931
and 1932 estimated by adding to New York and Chicago a figure derived by raising a
sample by urban population to cover cities over 25,000. Other years extrapolated by
publicly announced gifts for miscellaneous reform in 6 or 7 cities. Data from John
Price Jones Corporation.
123. Includes gifts and bequests to foundations. Constructed by tabulation of such
gifts from a variety of sources, most notably publications of the Russell Sage Foundation and an unpublished compilation furnished by the Russell Sage Foundation
library. No allowance made for undercoverage.
124. Includes all gifts for foreign assistance (except personal remittances) with the
exception of those sent abroad by churches, foundations, and organizations included
in series 118. Source: Special tabulation of returns from Bureau of Foreign and
Domestic Commerce survey of institutional contributions abroad to segregate remittances of desired organizations. 1941 partly based on reports made to the State
Department. Remittances raised 25 percent (30 percent in 1941) to cover administrative expenses in the United States.
125. For 1930, the total receipts reported by the Loner can Committee were doubled
as suggested by that committee, and reported receipts from sale of convention book
advertising and contributions of labor organizations were deducted. 1940 extrapolated from 1936 by receipts of all national political organizations. 1928 and 1932
estimated on assumption that all gifts fell short of 1936 by one-half as large a percentage
as did the receipts of the Republican and Democratic national committees. Congressional election years estimated at one-half presidential election years, and offyears at one-half of Congressional election years.
126. Derived from Financial Statistics of States. Financial Statistics of Cities, and
the Annual Report of the Secretary of the Treasury.
Foreign Travel and Personal R e m i t t a n c e s Abroad127. Source: Bureau of Foreign and Domestic Commerce. Consumer allocation:
Varies from 91.6 percent to 93.9 percent, 1929-38; falls to 50.2 percent in 1941. Based
on object of travel stated in passport applications.
128. 1929-38 source and method same as for series 127. 1939-41 same method for
travel other than to Canada. 1938 allocation continued 1939-41 for travel to Canada.
129. Source: Bureau of Foreign and Domestic Commerce.
S-l
SUEVEY OF CUERENT BUSINESS
October 1942
Monthly Business Statistics
The data here are a continuation of the statistics published in the 1940 Supplement to the SUE VET 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 August for selected series will be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of 1the data, may be found in the August
1940 Supplement to the Survey
1941
August
September
October
1942
Novem- Decem*
ber
ber
January
February
March
April
May
June
July
BUSINESS INDEXES
INCOME PAYMENTS!
Indexes, adjusted:
Total income payments
1935-39= 100__
Salaries and \vages_
..__..do
Total nonagricultural income
.do___
Total
„
mil. of dol.._.
Salaries and wages:
Total
._.._
do
Commodity-producing industries..do
Distributive industries
__do
Service industries
do
Government
..do
Work-relief wages
do
Direct and other relief
do
Social-security benefits and other labor income
mil. of dol__
Dividends and interest
do
Entrepreneurial income and net rents and
royalties
mil. of doL.
Total nonagricuKura! income
-do___.
»173.2
v 1 SO. 9
v 169.6
v 9, 2G9
141.1
149.3
140.7
7,518
143.1
150.1
141.3
8,280
145.4
152.6
143.5
8,508
146.5
153.7
144.5
8,071
154.7
161.5
150. 3
9,397
156.0
163.3
152.1
8,437
157.1
165.9
153.7
8,002
158.4
168.4
158.0
8,700
161.7
172.2
158.4
163.0
175.5
160.4
8,629
166.8
181.7
164.4
9,553
' 169.9
'186.6
' 167. 3
' 9,435
v 6, 721
* 3, 228
(a)
5,431
2,481
1,229
910
732
79
5,592
2,539
1, 251
927
5,830
2,550
1,400
951
842
87
92
5,746
2,611
5,906
2,656
6,073
2,773
6,258
2,891
2,998
' 6, 545
'3,114
()
(a)
(a)
(a)
80
89
5, 555
2,505
1,245
924
802
79
90
5,678
2,546
35
86
5, 263
2,420
1,218
9C9
636
80
90
77
94
72
95
167
4.17
155
463
152
855
152
549
159
1,583
174
820
1.878
8,133
1,547
6,714
151
918
1,691
7, 328
1,820
7,435
1, 725
7,109
1,733
8,456
*> 156.0
v 140.5
M20.5
•p 158.0
v 138.5
» 178.5
»138.5
123.0
102.0
95.0
109.0
112.5
114.0
87.0
144.5
110.0
99.0
120.0
122.5
129.0
88.5
161.0
111.5
101. 5
121.0
124.5
128.0
92.0
137.5
112.5
101.5
123.0
131.5
122.5
106.5
128.5
134.0
124.5
143.0
131.5
153.5
132.0
(a)
(a)
•
795
8
if
58
94
68
92
173
437
177
924
171
810
166
485
1,671
7,593
1, 551
7,274
1,599
7,936
1,663
7,972
1,631
7,807
53
87
167
1,126
1,675
8,659
112.0
133.5
119.0
147.0
131.5
154.0
154.5
93.0
129.5
105.5
151.0
139. 5
156.0
157.0
100.5
127.0
104.0
147.5
129.0
154.5
157.0
109.5
136.0
114.0
156.5
138.5
171.0
147.0
110.5
130.0
113.0
145.5
133.5
156.0
133.0
119.5
131.0
94.0
165.5
131.0
198.0
133.5
()
45
'172
871
' 1,761
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..
IV! eat animals
do
Poultry and eggs
do_
INDUSTRIAL PRODUCTION!
136.0
131.5
' 105.5
' 155.0
130.0
'177.0
135.5
{Federal Reserve)
Unadjusted:
"186
181
177
165
175
'172
167
Combined index*
1935-39=100..
167
164
167
168
168
'163
'189
180
185
172
173
Manufactures}:
..do
171
1S3
173
177
v 195
167
'173
'175
252
245
209
Durable manufactures?
do
212
206
199
'233
210
'240
'227
"257
'216
'220
0)
191
191
Iron and steel+
do
192
185
196
193
191
0)
0)
0)
(')
0)
'140
161
148
134
128
122
Lumber and products*
___.do
128
145
135
132
139
"138
129
137
156
157
142
154
155
Furniture*
do
147
159
140
143
142
p 135
147
' 141
148
144
124
Lumber*
__.do
113
112
118
138
138
131
127
p 140
120
'287
»"228
Machinery*
do
••243
285
•"232
'230
'225
'250
'258
'277
'272
»294
'267
191
191
187
Nonferrcus metals*!
do
192
191
185
189
190
187
'182
'177
^193
180
175
'152
160
138
Stone, clay, and glass products*_.do
147
132
174
175
169
'163
151
161
140
184
183
186
Cement. .
do
181
153
137
132
185
171
178
161
195
141
168
171
151
165
174
153
164
Glass containers*
do..__
172
170
190
176
167
176
37
120
32
109
Polished plate glass
do
68
47
117
120
35
43
30
43
397
245
221
Transportation equipment*!
do
'425
269
'276
'375
'350
'305
'315
»453
'330
1,204
1,113
Aircraft*!
....do
1,290
1,340
O)
1
0)
0)
(0
0)
0)
0)
C)
0)
Automobile bodies, parts and as118
107
104
134
142
120
105
sembly*
1935-39=100 __
120
146
105
74
123
47
110
(2)
Automobiles, factory salescft---do
(2)
(2)
()
(2)
319
338
306
335
()
Locomotives*.
do
0)
(0
0)
0)
0)
249
0)
1
264
236
278
Railroad cars*.do
(0
0)
0)
0)
C
)
0)
560
645
485
634
Shipbuilding (privateyards)*..do
(0
0)
0)
0)
(0
0)
(0
14
145
144
142
143
137
138
Nondurable manufactures
do
138
138
138
137
(0
137
118
122
112
137
117
Alcoholic beverages*
do
113
106
120
113
136
148
151
142
'165
155
153
161
Chemicals*
I
do
'168
153
166
166
116
v 114
129
123
130
' 113
127
124
Leather and products..
do
131
'131
116
128
'124
165
132
116
137
v 114
125
120
'114
126
Shoos*
do—
'131
110
129
'122
114
159
139
152
124
143
'156
122
Manufactured food products*!...-do
P172
123
130
121
p 131
112
142
••169
'117
Dairy products*!
do
'99
*211
'100
'152
98
'109
'124
J-203
119
116
134
149
Meat packing
do
'138
152
173
134
135
165
131
140
149
146
151
133
Paper and products*
do
151
122
152
153
151
146
155
144
151
150
155
134
Paper and pulp*.
do
159
159
121
157
160
154
161
149
134
131
135
115
136
118
Petroleum and coal products*
do
132
118
138
129
122
117
152
154
153
164
153
162
Coke*
do
160
'165
161
161
160
164
131
128
132
134
108
111
134
Petroleum refining
do
128
110
124
116
110
125
121
131
138
123
103
131
Printing and publishing*
do
'100
96
125
126
126
115
131
130
134
0)
Rubber products*
do
0)
0)
0)
(0
0)
0)
0)
0)
151
154
150
153
'156
154
Textiles and products
...do
158
-154
156
156
153
157
156
156
160
161
169
169
155
Cotton consumption*.
do
169
174
166
169
167
177
175
168
170
172
169
179
169
175
174
180
Rayon deliveries*!
do
179
168
170
169
32
50
10
0)
Silk deliveries*
do
15
0)
0
0)
0)
(9
CO
0)
0)
169
166
164
178
Wool textile production*
do
166
153
161
153
'150
148
151
159
132
122
133
110
134
123
117
Tobacco products
__„
do
135
119
126
132
121
131
'Revised.
v Preliminary.
cf Formerly designated as "automobiles."
• Publication of data discontinued to avoid disclosure of military pay rolls.
1
Included in total and group indexes but not available for publication separately.
1
Beginning in December 1941 this series dropped from the index of industrial production and its weight transferred to the automobile bodies, parts, and assembly
series, which is more representative of production by the automobile industry.
tRevised series. Earlier data on income payments revised beginning 1929 will appear in a subsequent issue. For industrial production series, see note marked with a
"t"
on p. S-2.
*New series. See note marked with a " t " on p. S-2. !Revisions appear in the September 1941 Survey; see note marked with a "t" on p. S-2.
8
S-2
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
October 1942
1942
1941
August
September
January
Octo- I Noveinber I ber
February
March
April
May
Juno
July
BUSINESS INDEXES—Continued
INDUSTRIAL PRODUCTION!—Con.
Unadjusted—Continued.
Minerals* _„.___
1935-39=100Fuels*
do
Anthracite
do
Bituminous coal__
do
Crude petroleum
do
Metals**
do
Copper*
do
Lead
do
Zinct
do___.
Adjusted:
Combined indext
do
Manufacturers!
do
Durable manufactures!
do
Iron and steel*
do
Lumber and products*
do
Furniture*
do
Lumber*
_._-_.do
Machinery*
do
Nonferrous metals*!
do
Stone, clay, and glass products*..do
Cement
do
Glass containers*
do
Polished plate glass
do
Transportation equipment*!
do
Aircraft*!
do.._
Automobile bodies, parts and assembly*
1935-1939=100.
Automobiles, factory salescf !---do___
Locomotives*
do
Railroad cars*
-.-do...
Shipbuilding (private yards)*_-do.__
Nondurable manufactures
do___
Alcoholic beverages*
do
Chemicals*
do...
Leather and products
do
Shoes*
do__.
Manufactured food products*!...do
Dairy products*!
do...
Meat packing
_
do...
Paper and products*.
do...
Paper and pulp*
do...
Petroleum and coal products* d o . . .
Coke*
do
Petroleum refiningp g
do.
Pg
Printing
and publishing*
do.
Rubber
do_
R
b b products*
dt*
Textiles
and products....
do_
Cotton consumption*
do.
Eayon deliveries*!..
do.
Filk deliveries*
do.
Wool textile production*..
do.
Tobacco products...
do_
Minerals!
do.
Fuels*
...do.
Anthracite..
do.
Bituminous coal
do.
Crude petroleum
.
do.
Metal?*!
.
do.
Copper* J__
do.
Lead!.
_
do.
Zinc!
.do_
125
121
122
150
109
153
169
135
132
121
117
144
113
195
0)
0)
0)
176
' 1S4
243
0)
133
144
127
285
' 188
138
145
163
37
397
0)
' 138
' 130
' 127
'146
124
182
152
120
135
' 139
' 132
' 127
' 146
127
181
156
119
134
135
' 131
" 103
' 145
128
161
157
128
131
125
' 131
' 98
' 144
129
98
159
124
138
125
131
104
144
129
91
158
131
138
125
130
121
141
127
92
160
140
146
118
122
116
140
115
96
165
131
(l)
0)
0)
161
167
203
192
136
149
129
' 228
192
157
154
165
120
245
1,204
-164
' 170
'208
191
135
146
129
' 232
185
158
159
167
102
269
1,290
166
173
'209
191
135
148
128
'230
190
162
164
169
105
'276
1,340
168
r
175
215
196
138
149
132
'243
193
167
191
165
67
'279
(»)
'172
179
'223
191
143
153
138
'250
'191
199
249
184
65
'305
172
180
'227
193
144
147
143
'258
' 187
189
236
178
49
'315
'172
'180
'230
173
181
'233
'175
'183
' 238
0)
0)
0)
134
74
319
249
560
137
131
146
142
123
338
264
645
144
109
149
134
134
141
' 147
135
153
160
135
153
133
136
120
(2)
118
(2)
130
139
126
144
149
132
152
128
125
131
151
156
168
34
169
121
131
' 129
' 132
' 141
124
145
154
120
135
146
110
335
278
634
139
129
148
125
123
134
'148
133
146
150
133
153
129
127
134
150
161
172
10
164
128
' 131
••128
' 120
' 131
128
146
151
119
134
202
260
304
265
249
258
165
193
239
359
246
213
227
163
212
265
314
326
225
258
178
232
332
396
367
248
413
167
268
414
347
414
245
719
174
292
463
452
648
256
645
182
274
427
477
442
256
673
176
292
449
548
467
274
677
192
270
432
648
669
216
490
167
314
545
.570
578
295
913
185
212
133
226
232
216
183
215
178
218
222
207
183
220
160
230
233
201
188
228
174
260
247
208
184
214
152
211
229
200
199
232
133
249
260
208
199
235
131
257
270
211
200
239
131
259
279
207
203
254
129
270
297
216
202
25f
161
249
306
211
' 207
' 264
'172
267
'311
'210
571
671
803
608
1,018
829
1,004
1,108
197
187
186
186
176
194
196
196
164
157
155
157
161
173
171
168
175
168
168
163
170
181
176
173
163
152
150
151
160
171
162
159
165
169
175
171
171
173
173
165
137
131
142
139
141
133
130
132
177
172
150
149
131
144
147
159
186
179
171
183
184
204
213
206
153
149
144
149
150
172
180
172
2
See note 2, p. S-l. cTTormerly designated as "automobiles." JSee note marked "t."
1,266
206
164
170
164
154
139
171
189
156
1,271
199
160
.168
164
139
' 1,302
' 203
v 107
p 101
*> 149
r
;o
118
' 155
166
0)
156
167
179
15
166
132
131
' 129
' 101
' 127
132
147
152
127
131
0)
(0
0)
0)
0)
0)
0)
141
116
152
128
131
137
155
142
155
162
139
160
135
130
143
139
156
127
125
140
' 154
148
154
161
135
161
131
128
(0
158
169
180
0)
154
155
179
0)
178
129
' 132
' 129
'92
' 130
132
153
157
122
138
0)
161
132
131
128
89
129
132
151
161
131
138
0)
134
145
128
'267
'180
169
188
187
41
'330
0)
105
(2)
105
(2)
0)
(0
.0)
0)
0)
142
133
161
121
117
140
'150
141
149
155
131
161
126
125
0)
'156
174
174
0)
153
130
129
125
no
120
128
152
158
140
146
(0139
133
146
127
268
' 177
152
161
176
43
' 3f.O
0)
104
(2)
0)
0)
0)
116
161
121
116
'136
^ 146
144
150
156
126
160
120
121
139
109
' 165
' 127
124
136
' 151
142
148
1*3
119
162
112
117
0)
(0_
153
169
175
(0
148
125
127
122
113
146
114
'151
162
134
0)
157
177
170
0)
153
127
130
126
1)4
178
107
151
164
132
0)
130
121
115
147
111
189
174
134
152
124
' 277
' 182
' 144
146
178
35
' 375
0)
107
(2)
(0
(0
0)
138
111
167
126
'125
P135
v 144
140
145
149
117
164
109
*112
(0
156
175
169
0)
' 150
122
129
125
105
173
108
' 154
174
0)
0)
'112
(2)
0)
n)
0)
136
104
171
125
128
P 139
» 145
3 53
134
136
114
164
107
103
(0
'152
169
169
0>
151
122
133
128
168
113
159
0)
• 0)
0)
122
141
112
r
r
19S
(0
0)
0)
180
188
250
r
(i 1 )
136
147
130
287
v 191
' 134
150
r
14n
49
'425
v 116
(2)
0)
0">
0)
' ' 138
~"i72
' 117
' 117
' 143
127
117
' 165
10P
' 100
(0
' 154
1
166
168
0))
'159
121
' 132
' 128
156
160
' 112
' 157
0)
0)
(0
MANUFACTURERS' OS?DEBS, SHIPMENTS, AND INVENTORIES*
New orders, total
Jan. 1939=100Durable goods
do
Electrical machinery
do
Other machinery
.
do
Iron and steel and their products
do
Other durable goods
do
Nondurable goods
.
do
Shipments, total.... .-average month 1939=100.
Durable goods
do
Automobiles and equipment._..
do
Electrical machinery
do
Other machinery
.
do
Iron and steel and their products
do
Transportation equipment (except
automobiles)
do
Other durable goods
do
Nondurable goods
do .
Chemicals and allied products..do
Food and kindred products
....._do
Paper and allied products
do
Petroleum refining
do
Rubber products-..
.
do
Textile-mill products
do
Other nondurable goods
__-_do—...
'Revised, P Preliminary. J See note 1, p. S-l.
196
257
309
290
223
265
157
~~
"
''
'
'399
'699
'411
' 254
' 504
M6S
163
' ion
' 171
' 12fi
142
' 171 !
186 1
147 I
' 187
' 146
vailableon pp.'12-17of the
arts and assembly;" data
. . _
.
1 indexes for minerals and
r
c
metals) are available in table 24, pp. 24 and 25 of the September 1941 Survey: the latter table includes also revisions of 1940 data for petroleum and coal products, coke, textiles
and products, wool textiles, fuels and anthracite. Revisions for zinc and the combined indexes for minerals and metals will be shown in a later issue. In some industries,
recent conditions have obliterated seasonal movements and the seasonal factors have been fixed at 100 beginning at some time in 1939 or 1940: see latter part of note mnrkpd
with a " t " on p. S-2 of the February 1942 Survey (except that the date for the automobile series given at end of note should read September 1941 instead of 1940). Scattered
revisions beginning January 1939 for fuels and bituminous coal, January 1941 for anthracite, and January 1940 for manufactured dairy products are available on request.
•New series. For industrial production series, see note marked with "+". For description of data on manufacturers' orders and shipments and February to June 1939
indexes of new orders see pp. 7-13 of the September 1940 Survey; see subsequent monthly issues for later indexes of new orders. Revised figures beginning January 1939 for
shipments
will be shown in a subsequent issue.
October 1942
S-
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the August
1840 Supplement to the Survey
1943
1941
September
August
October
Novem- December
ber
January
February
March
April
May
June
July
BUSINESS INDEXES—Continued
MANUFACTURERS' ORDERS, SHIPMENTS, AND INVENTGR1ES*-Con.
Inventories, total
average month 1939=100-.
Durable goods
do
Automobiles and equipment
do
Electrical machinery
do
Other machinery
do
Iron and steel and their products
do
Transportation equipment (except automobiles)
average month 1939=100...
Other durable goods
do
Nondurable goods
do
Chemicals and allied products
do
Food and kindred products
do
Paper and allied products
do
Petroleum refining
do
Rubber products
do
Textile-mill products
_
do
Other nondurable goods
_
do
175. 4
198. 6
p 231.1
2C8. 8
205. 6
184.6
140.0
155. 8
163.9
206.5
156. 5
126.5
143.4
160.5
187.6
212. 5
158.7
126.0
148.2
166.2
195.0
225. 5
166.4
125.9
152.7
170.3
193.3
231.6
173.3
127.8
158.4
175.5
193. 3
234.1
180.0
129.2
161.9
179.2
190. 8
243.9
187.5
327.2
163.0
180.8
190.0
250. 3
191.4
125.5
165.6
183.4
193.6
255. 5
195.0
125.7
167.0
186.6
202.5
264.2
199.1
127.5
170.4
190.2
217.9
270.0
202.9
130.1
172.9
193.2
222.7
277.8
203.1
132.3
' 174.2
r 195. 8
' 22(11
' 290.3
«• 204. 8
' 133.9
v 855. 3
* 138.2
v 155.0
P 163.6
P 159.5
P 155. 8
pin.6
P 175. 6
P 160. 2
v 101. 3
504.7
123. 8
126.2
125.2
139.9
124.2
105.8
141.4
132.1
117.1
552.2
125.0
128.4
126.0
142.8
125. 4
107.7
133.5
133.6
121.9
600.2
127.4
132.5
128.2
146.7
128.5
110.4
131.8
137.6
128.9
618.2
130.9
137.4
132.0
153.4
132.0
111.9
134.6
143. 5
134.1
663.4
136.4
143.5
143.7
162.0
135.1
113.2
143. 6
147.3
138.7
139.5
146.9
147.8
163.6
134.4
113.4
149.7
151.5
145. i
709.1
140.6
147.4
150.9
158.9
137.8
115.5
149.6
154.1
147.3
732.5
141.3
150.1
155.6
156.8
140.0
115.0
155.4
156.2
155.6
742.8
141.5
149.9
157.7
157.9
141.1
114. 5
154.3
155.8
152.8
756.2
140.6
153.1
159.9
160.0
145.9
113.0
161.2
162.0
157.3
802.3
139.0
155.1
162. 7
160.3
149.7
111.5
'165.4
165.1
160.7
' 824. 8
' 137. 6
r 155. 3
' .163. 3
r 159.8
" 152. 7
'110.3
170. 2
' 165.0
'161.3
COMMODITY PKICES
COST OF LIVING
National Industrial Conference Board:
Combined indexf
..1923=100
Clothing
_
do._,
Foodt
do...
Fuel and light
do_.
Bousing
do
Sundries
do
U. S. Department of Labor:
Combined index*
1935-39 = 100..
Clothing*
do
Foodt
do
Fuel, electricity, and ice*
do
Bousefuraishings*...
do
Rent*
do
Miscellaneous*
do
PRICES RECEIVED BY FARMERS§
(J. S. Department of Agriculture:
Combined index
1609-14=100-Chickens and eggs...
do
Cotton and cottonseed
do
Dairy products
..do
Fruits
do
Grains
do
Meat animalsf
...do
Truck crops
do
Miscellaneous.
..do
RETAIL PRICES
U. S. Department of Labor indexes:
Anthracite
1923-25=100..
Bituminous coal (35 cities)
do
Food (see under cost of living above).
FairchHd's index:
Combined index.
Dec. 31, 1930«=100.
Apparol:
Infants'..
__
do
Men's
do
Women's
do
Home furnishings
do
Piece goods
_
do
98.1
88.2
101.1
90.4
90. 8
105. 0
117.4
125.1
126.1
106.2
121.8
107. 6
111.1
r
89.4
74.5
87.3
88.6
88.6
98.8
90.8
76.9
89.4
89.4
88.9
99.8
92.0
78.3
90.7
90.0
89.2
101.5
92.9
79.6
92.2
90.2
89.5
101.9
93.2
80.1
92.6
90.3
89.9
102.2
94.fi
82.4
95.2
90.3
90.1
102.5
95.1
84.5
95.7
90.4
90.4
102.9
96.1
85.8
97.5
90.4
90.7
103.5
97.1
88.4
98.8
90.1
91.0
104.1
97.3
88.6
99.1
90.5
91.1
104.2
97.3
88.1
99.5
90. 4
91.0
104.1
106. 2
106. 9
108.0
103.2
108.9
106.3
104.0
108.1
110.8
110.7
103.7
112.0
106.8
105.0
109.3
112.6
111.6
104.0
114.4
107.5
106.9
110.2
113.8
113.1
104.0
115.6
107.8
107.4
110.5
114.8
113.1
104.1
116.8
108.2
107.7
112.0
116.1
116. 2
104.3
117.2
108.4
108.5
112.9
119.0
116.8
104.4
119.7
108. 6
109.4
114,3
123.6
118.6
104. 5
121.2
108.9
110.1
115.1
126. 5
119.6
104.3
121.9
109.2
110.6
116.0
126.2
121.6
104.9
122.2
109.9
110.9
116.4
125. 3
123.2
105. 0
122.3
108.5
110.9
116.9
125. 3
124. 6
106. 3
122.4
107.7
111.0
163
156
151
151
126
115
200
2E6
173
131
130
128
135
100
99
155
136
128
139
141
150
140
89
106
ir,3
'161
131
139
146
144
145
107
101
154
r 161
144
135
157
136
148
98
103
149
158
128
143
153
138
148
98
112
157
162
154
149
147
143
148
102
119
164
204
169
145
135
150
147
98
121
173
161
133
146
130
151
144
111
122
180
136
132
150
131
158
142
118
120
190
158
136
152
134
159
143
131
120
189
152
138
151
137
153
141
148
116
191
169
134
154
145
155
144
131
115
193
200
139
88.8
96.8
86.6
93.8
88.3
94.9
88.7
95.8
88.4
96.3
88.5
96.5
88.8
96.7
88.9
96.7
88.9
96.7
87.5
95.9
88.9
96.1
88.8
96.6
96.8
113.1
102.6
105.2
106.2
107.5
108.3
110.2
111.9
112.5
113.4
113.2
113.1
113.1
108.0
105. 2
112.7
115.5
112.3
100.0
93.3
100.4
104.9
87.1
101.2
95.5
104.1
106.9
99.9
102.1
96.5
105.7
108.5
101.6
103.2
97.5
106.9
109.5
103.7
103.7
98.1
107.7
110.2
105.0
104.9
101.1
109.1
112. 7
107.1
106.7
102.7
111.2
114.3
110.8
107.5
104.2
112.1
115.1
111.8
108.6
105.6
113.2
115.8
112.6
108.3
105.2
113.0
115.7
112.2
108.0
105.1
112.9
115.6
112.2
108.0
105.1
112.8
115.6
112.3
r
97.8
88.0
100. 3
90.4
90.8
105.0
WHOLESALE PRICES
U. S. Department of Labor indexes:
Combined index (889quotations*).1926=100— *>99.2
92.5
93.6
92.4
90.3
91.8
96.0
96.7
98.7
97.6
*>98.7
98.8
98.6
Economic classes:
Manufactured products
do
91.5
93.9
93.8
94.6
96.4
97.0
92.8
98.7
99.0
98.6
J>98.6
»98. 9
97.8
Raw materials
do
90.0
89.7
90.2
87.6
92.3
96.1
97.0
98.2
100.0
99.7
100.1
101.2
99.8
Semimanufactured articles
do
89.9
89.7
89.5
90.1
92.0
90.3
91.7
92.8
92.8
92.7
92.3
92.9
92.8
Farm products
do
90.6
87.4
94. 7
90.0
91.0
105.3
100. ]
101.3
102.8
104.5
104.4
100.8
104.4
Grains
do
89.8
85. 3
81.4
84.3
79. C)
91.0
95.9
95.3
93.8
91.5
89.1
92.2
88.8
Livestock and poultry.,
do
94. 5
90.6
99.0
97.4
109.3
122. 6
117.8
113.8
118.3
101. 1
105.7
117.6
116.9
Commodities other than farm products*
92.7
92.8
90.7
91.9
93.3
95.5
96.2
97.2
1926=100.. v 97. 5
94.8
J>97.0
97.4
97.1
88.9
87.2
89.5
89.3
90.5
94.6
96.1
100. 8
Foods
do
98.7
99.2
93.7
98.9
99.3
86.4
85.9
81.5
89.3
91.1
87.8
85.8
90.2
Cereal products*
.do
90.6
89.0
87.2
87.2
91.1
95.
2
90.3
96.3
95.5
95.0
100.
2
93.3
96.0
94.3
Dairy products
do
94.1
96.0
93.5
92.0
Fruits and vegetables
do
98.0
75.8
70.3
70.7
77.9
73.8
78.3
85.2
87.7
97.7
98.5
96.7
105.4
90.8
97.5
95.3
104.0
Meats
do
115.2
99.4
109.2
113.4
93.6
112.8
101.6
114.8
113.9
Commodities other than farm products and
93.5
93.4
90.8
93.7
94.9
94.6
foods.
1926=100.. P 95. 6
91.6
95.2
95.6
v 95.7
95.7
95. 6
Building materials
do
110.3
105. 5
107.3
106.4
107.5
107.8
109.3
110.1
110.2
110.3
110.5
110.1
110.1
96.6
95.1
95.
7
96.6
96.7
Brick and tile
do
98.7
96.9
97.0
97.1
98.2
98.0
98.0
98.1
CementJ...
.do
94.2
92.1
92.7
92.2
93.1
93.4
93.4
93.4
94.9
93.6
94.1
94.2
94.2
128.7
129.4
Lumber!
do
133.0
127.5
126.5
132.9
132.7
133.1
129.1
131.6
131.8
131.5
131.7
Paint and paint materials*
do
100.1
100.7
96.0
95.3
96.5
99.9
99.1
93.3
94.7
100.8
100.6
100.6
100.3
''Revised, v Preliminary. •Number of quotations increased to 889 in January 1941. JFor monthly data beginning 1933, see p. 18 of the April 1940 Survey.
§Data for September 15,1942: Total, 163; chickens and eggs, 166; cotton and cottonseed, 156; dairy products, 156; fruits, 129; grains, 119; meat animals, 195; truck crops, 191
miscellaneous, 172.
t&evised series. National Industrial Conference Board's index of cost of living and food component and index of wholesale prices of lumber revised beginning 1935, see
tables 5 and 7, respectively, p. 18 of the January 1941 Survey; since June 1941, the Board's food index is based on its own data collected in 56 cities, theretofore, it was based on
the Department of Labor's series. For the Department of Labor's revised index of retail food prices beginning 1913, see table 51, p. 18 of the November 1940 Survey. Earlier
revised indexes for meat animals will be shown in a subsequent issue.
•New series. For description of data on manufacturers' inventories, see pp. 7-13 of the September 1940 Survey, and for revised figures beginning December 1938, see table
40, p. 22 of the January 1942 Survey. For data beginning 1913 for the Department of Labor's cost of living series, see table 19. p. 18 of the May 1941 Survey; for index of
of commodities other than farm products beginning 1913. see table 36, p. 18 of the September 1940 Survey. Data beginning 1926 for cereal products, and 1913 for paint
Digitized forprices
FRASER
and paint materials will be published in a subsequent issue.
http://fraser.stlouisfed.org/
486236—42——5
Federal Reserve Bank
of St. Louis
S-4
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- j 1 9 4 2
gether with explanatory notes and references
to the sources of the dfcta, may be found in the I August
1840 Supplement to the Survey
October 1942
J941
September
1942
Oeto- I Novem- December
ber
ber
January
February
March
April
May
June
July
COMMODITY PRICES—Continued
W H O L E S A L E PRICES—Continued
U. S. Department of Labor Indexes—Con.
Commodities oilier than farm products and
toods—Continued
Chemicals find allied products! -.1926=100
96.2
Chemicals!
do
96.3
Drugs and Pharmaceuticals!
do
129.0
78 3
Fertilizer materials! -do
101.6
Oils and fats*
do
Fuel and lighting materials
do
79.0
Electiicity
do
Gas
.
do . . .
Petroleum products
- _do
60.7
Ilides and leather products
do
118.2
118.8
Hides and skins
-do
101 3
Leather
.do
126. 4
Shoes
do
102.7
House-furnishing goods
do
107.9
Furnishings
_do .
97.4
Furniture
do
Metals and metal products.
_ do
v 103 8
Iron and steel
do
97 2
Metals, nonferrous
do
85.6
Plumbing and heating equipment.,do
94.1
Textile products
do
97 3
Clothing
do
107.2
112.9
Cotton goods
do
69.7
Hosiery and underwear
_ do
30.3
I? ay on*
do
(i)
Silk*
do
Woolen and worsted goods
do
111.7
Miscellaneous
.
do
88.9
Automobile tires and tubes
do
73.0
Paper and pulp
. - do
98.9
Wholesale prices, actual. (See under respective
commodities.)
86.0
87.5
100.1
75.3
87.3
79.0
66.4
78.3
61.4
110.2
112.2
98.5
116.1
95.4
100.7
89.9
98.6
G6. 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
89.7
88.4
124.1
77.3
93.4
79.6
66.2
78.9
61.7
112.6
113.1
100.9
118.8
99.5
104.4
94.4
103.1
97.0
84.6
87.8
90.9
97.8
105.2
66.6
30.3
89.8
88.3
123.2
77.3
92.9
78.8
68.2
77.5
60.4
114.1
114.0
101.1
120.5
100. 6
105.2
95.8
103. 3
97.1
84.8
87.9
91.1
97.9
105.4
67.0
30.3
91.3
88.6
123.0
77.8
101.9
78.4
67.4
77.4
59.8
114.8
115.9
101.3
120.7
101.1
105.6
96.6
103.3
97.0
84.8
89.1
91.8
98.4
107.5
67.0
30.3
96.0
95.3
126.3
78.6
106.4
78.2
67.6
76.4
59.5
114.9
115.3
101.4
121.1
102. 4
107. 2
97. 4
103. 5
97.0
85.4
93.6
93.6
101.1
110.5
69.0
30.3
85.1
60.8
101.7
102.3
86.4
65.5
101.9
102.6
87.3
67.4
102.2
102.7
87.6
67.4
102.5
109.7
114.3
105.7
112.0
109.0
113.4
105.7
110.5
108.9
111.9
108.9
109.5
107.6
111.9
102.8
109.2
87.4
88.2
104.4
76.6
91.3
79.2
66.7
81.7
61.7
111.3
112.1
1C0.0
117.1
97.2
102.1
92.2
98.6
96 9
84.4
87.1
89.7
96.1
104. 2
64.4
29.8
(0
101.4
0)
(0
0)
97.2
96.5
129.1
78.4
108.5
78.4
63.3
81.2
59.8
118.2
118.5
101.3
126.4
102.9
108.1
97.4
103.9
97 2
85.6
98.5
97.6
109.1
112.7
70.0
30.3
97.0
96.3
126.5
79.3
108. 2
78.0
67.6
77.0
58.9
115.3
115.5
101.4
121.8
102.5
107.4
97.4
103.6
97.0
85.6
97.9
95.2
105.3
111.4
69.6
30.3
97.1
96 4
126.5
79 5
108.8
77.7
65 3
77.1
58.3
116.7
116.6
101.5
124.3
102.6
107.7
97.4
103 8
97 1
85 6
98.2
96 6
106.6
112.6
69.8
30.3
97.1
9fi 4
12P.7
79.2
108.8
77.7
64.4
78.1
58 4
119.2
123.5
101.3
120.7
102.8
108.0
97.5
lf;3 8
97 1
85.6
98.5
97.7
107.8
113.8
70.6
30.3
103.0
89.3
71.0
102.8
104.3
89.3
71.0
102.9
108.7
89.7
71.0
102 9
111.0
90.3
72.5
102 9
111.0
90 5
73.0
102 8
111.0
90.2
73.0
101 6
111.0
89 8
73.0
100 5
104.9
108.9
98.6
107.6
104.1
108.3
101.4
107.0
103.2
106 6
100.7
105.8
102.0
105.8
98.0
104.7
101.9
104 1
96.7
104.5
102.1
102 7
97.4
104.5
102.0
101 5
95.4
' 104. 0
125
99
125
95
145
96
128
82
192
90
158
228
83
193
76
(i)
0)
0)
(i)
97.3
96 5
129.1
79 0
108.6
78.0
63 8
79.9
59.1
118.8
121.4
101.3
126.6
102.9
108.1
97.5
103 9
97 2
85 6
98.5
98 0
109.6
112.9
71.9
30.3
(i)
(l)
96.7
96 5
129.1
78 5
104.2
79.0
81.4
60.6
118.2
118.5
101 3
126.4
102.8
108.0
97.5
v 103 8
97 2
85 6
94.1
97 1
107.2
112.7
69.7
30.3
(i)
PURCHASING P O W E R O F T H E
DOLLAR
Wholesale prices
1923-25=100..
Retail food pricesf
_ -..
do
Prices received by farmers..>.
do
Cost of living!
- - - - do
100.8
99.9
90.2
103.6
111.5
117.1
112.2
113.8
CONSTRUCTION AND REAL, ESTATE
CONTRACT AWARDS, P E R M I T S , AND
DWELLING UNITS PROVIDED
Value of contracts awarded (F. R. indexes):
Total, unadjusted
1923-25=100..
Residential, unadjusted
_
do
Total, adjusted
...do
Residential adjusted
do
F. W. Dodge Corporation (37 States):
Total projects...
number..
Total valuation
thous. of doL.
Public ownership„
do
Private ownership
do
Nonresidential buildings:
Projects...
number_Floor area
thous. of sq. ft..
Valuation
thous. of dol_.
Residential buildings, all types:
Projects
number..
Floor area
thous. of sq. ft_.
Valuation
thous. of dol_.
Public works:
Projects
number..
Valuation
thous. of doL.
Utilities:
Projects
number..
Valuntion
thous. of dol__
New dwelling units provided and permit valuation of building construction (based on
bldg. pw mits), U. S. Dept. of Labor indexes:!
Kumber of new dwelling units provided
1935-39=100..
Permit valuation:
Total building construction
_do
New residential buildings
do
New nonresirlentin! buildings
do
Additions alterations, and repairs.-do
Estimated number of new dwelling units provided in all urban areas (U. S. Dept. of
Labor):!
Total
_
number..
1-family dwellings..
do
2-family dwellings-...
do
Multifamily dwellings.
do
Engineering: construction:
Contract awards (E. N. R.) §__thous. of dol__
v 183
»57
v 171
159
111
152
112
162
105
161
105
137
84
145
87
122
71
138
74
59
123
68
118
32
30, 055 50, 551 41,497 40, 920 29,150 22,941
23,862
721,028 760,233 623,292 606,349 458,620 431,626 316,846
633,183 520, 430 403, 495 371,345 297, 865 287, 722 198,251
87,845 239,803 219, 797 235,004 160,755 143,904 118,595
10,766
10,952
80, 774 63,802
407, 324 286,741
9,907
4,978
7,822
54, 417 31,023
46,810
218, 288 269, 553 192,936
3,619
3,245
24, 908 21,113
171,016 123,231
18, 344 19,838
17,110 37,234 31, 791 29, 246 22,633
26, 8(34
26,177 62, 773 43, 624 45,403 30,170 25,591
100, 551 231, 529 175,713 171,772 116,468 104, 276 102, 758
1,266
1,871
1,419
1,086
715
1,384
567
111, 960 134,054 131,123 94, 563 88, 436 105, 989 64.428
501
465
453
609
212
60, 780 50,345 26.429
101,183 107,909 98,168 70,461
111
89
128
100
33.167 40, 557 51, 863 33,100
40,000 55,843
433,557 610,799 498, 742 673, 517 1,190,264 943. 796
310,249 472, 817 354,575 568, 988 1,105,414 875, 951
123,308 137,982 144,167 104, 529 84, 850 67, 845
5,982
4,600
8,332 14. 372 11.093
5, 208
31, 576 42,456
51, 281 67, 961 134, 085 113,134
169.606 231,834 234,939 297,885 568, 385 489, 066
34,492 47,731
26, 683 28,024 33, 002 18, 924
41,836 50, 770 38. 341 38,147 50, 673 33, 634
168,014 219,276 162, 097 147, 964 185,471 127, 382
681
58, 535
1,725
92,148
945
58,477
227
37,402
405
67, 541
331
721
1,750
1,123
43, 229 100, 561 233, 067 197, 737
3,480
127,107
2,739
1,960
203, 341 129,611
100.4
235.4
233. 6
195.4
165. 4
114.2
119.7
214.1
182.9
209.3
164.7
102.1
63.9
79.4
46.4
70.8
185.5
235. 6
153.5
138.2
212.7
220. 5
235.3
113.7
154.6
191.5
124.0
136. 5
128.2
154.2
117.4
87.3
132.7
116.1
161.7
83.9
120.0
112.8
132.1
93.0
183.0
184.2
216.0
79.6
148.8
164.8
145.7
102.7
128.8
175.7
93.5
100. 3
116.7
131.1
111.2
78.3
85.3
85-3
81.4
78.2
41.622
34,667
2,363
4,592
40,389
34,395
2,888
3,10G
33,646
28, 354
2,310
2,982
27,868
20,833
1,550
5, 485
19,338
15,433
1.353
2,552
21,103
15,850
1,533
3, 720
36.838
23, 402
2,645
10, 791
32,126
25, 450
2,311
4,365
34, 528
25,452
2,970
6,106
26,956
24,032
1,183
1,741
18, 089
14, 096
1,104
2,889
529,561
514,251
628, 780 634,823
729,485
813,077
406, 332 348,800
••232
r
75
'206
'74
1,044,572
90.3
77.5
75.4
75.7
70.3
1,201,526
1
'Revised.
v Preliminary.
§Data for October 1941 and January, April, and July 1942 are for 5 weeks; other months, 4 weeks.
No quotation.
•New series. For indexes of rayon and silk prices beginning 1926, see table 29. p. 18 oi the May 1940 Survey. Data beginning 1926 for price index'for oils and fats will
appear in a subsequent issue.
^Revised series. F a t a for cherriral? and allied products and subgrcups revised beginning 1P26* see table 32. p. 18 of the August 1940 Survey. Indicated series on " p u r chasing power of the dollar" revised beginning January 1935; see table 4, p. 18 of the January 194] Survey. Data for 1929-39 for indexes of new dwelling units provided and
permit valuation of building construction are shown in table 7, p. 17 of the March 1942 Survey; revisions for January 1940-July 1941 are available on request. Revised data on
number of dwelling units provided for 1939 are shown in table 18, p. 17 of the May 1941 Survey. Estimates beginning January 1940 cover urban areas as denned by results of
t h e 1940 Census; a few revisions in data for 1940 as shown on p . 22 of the June 1941 Survey, are available on request.
S-5
SURVEY OF CURRENT BUSINESS
October 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
184Q Supplement to the Survey
August
1942
1941
1942
August
September
October
November
December
January
February
March
April
May
June
July
CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY
CONSTRUCTION
Concrete pavement contract awards:
Totalt
.._
. . t h o u s . sq. yd__
Airports*
do
Roads....
do
Streets and alleys.
._.
do
Status of highway and grade crossing projects
administered by Public Roads Adrnn.:
Highways:
Approved for construction:
Mileage..
no. of miles..
Federal funds
thous. of dol_.
Under const ruction:
Mileage
no. of miles..
Federal funds.
thous. of dol_.
Estimated cost
do
Grade crossings:
Approved for construction:
Federal funds
do
Estimated cost
do
Under construction:
Federal funds..
do
Estimated cost
do
13,947
10, 091
2, 053
1,202
9,567
3, 606
3,910
2,051
6,072
1,624
2, 635
1,814
6, 975
2,885
2,460
1,630
4,344
535
2,570
1, 239
8,176
2,964
3,197
2,015
4,726
2,490
1,139
1,098
3,464
1, 451
1,110
903
7,091
3, 972
1, 727
1,392
8,914
5,416
2,061
1,437
14, 462
9,800
3,267
1,394
15,266
11,038
2, 060
2,167
14. 947
11,366
1,927
1,655
1.G06
37, 059
3. 557
44, 693
2,899
38, 404
2,749
38, 850
2,635
39, 259
2,259
34,014,
1,967
30, 789
1,796
28,344
1,562
24,612
1,431
24,055
1,455
27,968
1, 654
32, 808
1,718
36,170
6, 672
6,071
127,511 122,402
228, 535 217,290
5,483
114,997
200, 868
h
4, 954
109, 549
189,077
8,840
138,675
272,079
8,615
136, 512
268, 926
8,176
131,914
260, 555
7,809
128,351
253, 703
7,417
121, 384
239, 336
7,044
117,669
228, 623
6,802
119,233
225, 527
6,778
123, 405
226,513
6,817
127,195
231,620
6, 665
7, 327
14, 666
15, 820
12, 423
13, 553
11,851
13,122
10, 208
11, 588
10, 005
11,810
8,542
9,314
8,047
8,761
7,490
8,210
7,806
8,503
8,201
8,893
7,108
7,843
6, 696
7,358
29, 412
31, 29G
42. 778
44, 249
42, 328
43, 771
41, 520
42, 920
40, 464
41, 932
37, 742
39,323
35,928
38, 300
34, 754
37,140
34, 576
36,913
34, 467
36,814
33,658
35,838
33, 413
35,409
31,299
33, 279
245
248
250
229
241
221
218
234
204
223
221
218
235
205
223
223
219
235
209
224
223
219
235
210
224
225
222
238
212
226
229
224
240
215
230
231
225
241
215
230
237
232
247
221
236
238
232
248
221
237
241
233
250
224
238
242
242
250
228
238
244
245
250
229
240
213. 3
197.8
200.3
203.3
2C3.3
203.3
204.0
206.5
207.3
207.3
207.8
209.9
108.1
138.2
130.0
129.6
100. 5
136.1
121. 5
121.3
100.7
136.3
122.8
121.5
100.7
136.3
122.5
121.5
100.7
136.3
123.5
122.6
100.2
136.0
123.2
122. 5
101.4
137.0
124.2
123.8
101.4
137.0
124.2
123.9
101.9
137.5
125.6
124.4
105.4
137.7
125.7
124.4
105.6
138.2
126. 6
124.8
105.6
138.2
126. 6
129.6
106.1
138.2
130.0
129.6
106.0
139.6
132.3
132. 6
102.2
137.7
124.3
121.5
102.4
137.9
124.7
121.7
102.4
137.9
124.6
121.7
102.4
137.9
126. 2
123.4
102.1
137.7
126.0
123. 4
102.9
138.4
125.3
124.4
102.9
138. 4
125.3
124.5
103.2
138.8
126.6
124. 9
105. 7
139.0
126.7
124.9
106.0
139. 6
127.2
125.3
106. 0
139.6
127.2
132.6
106.0
139.6
132. 3
132.6
106.5
137.4
133.1
129.4
101.8
135.5
128.0
122.6
102.0
135. 7
128. 7
122.8
102.1
135.8
128.4
122.8
102.1
135. 8
128.8
123.2
101.3
135. 3
128.3
123.1
102.5
136. 2
127.1
124.1
102.5
136.2
127.1
124.3
102.8
136.8
128.5
124.7
106.4
137.1
128.6
124.8
106.5
137.4
130.4
125.3
106.5
137. 4
130.4
129.4
106.5
137.4
133.1
129.4
104.1
139.7
125.8
126.9
99.3
137.5
118.9
120.0
99.5
137.7
120.4
120.3
100.0
138.0
119.0
120. 3
100.0
138. 0
119.5
120.8
97.1
136.1
117.6
120.4
99.9
137.9
120.0
121.4
137 9
120! o
122.1
100.3
138.3
121.9
122.5
103.7
139.3
122.3
122.8
103.8
139.7
124. 8
123.5
103.8
139.7
124. 8
126.9
104.1
139.7
125.8
126.9
103. 6
141.4
122. 0
124.8
98.1
139.1
115.3
119.5
98.3
139.3
117.6
119.9
98.8
139.7
115.8
119.9
139.7
117.4
120.3
95.1
137.2
114.9
119.8
98.5
139.4
117.7
120.8
98.5
139.4
117.7
121.7
139.8
118.9
122.1
103.2
141.1
119. 5
122.5
103.3
141.4
120.2
122.9
103.3
141.4
120.2
124.8
103.6
141. 4
122.0
124.8
281.6
263.1
264.5
266.1
266.2
267.6
269.4
269.7
271.8
272.3
274.2
277.7
281.6
124.0
121.2
129.4
115.1
112. 6
120.0
116.5
114.4
120.7
118.5
116.0
123.3
119.2
116.9
123.9
119.9
117.7
124.2
120.6
118.6
124.5
121.2
119.3
125.0
122.0
120.0
126.0
122.3
120.5
125.9
122.8
121.0
126.4
123.5
121.3
127.8
123.7
121.2
128.5
CONSTRUCTION COST I N D E X E S
Aberthaw (industrial building).
1014=100..
American Appraisal Co.:f
Averatre, 30 cities.
_
1913=100..
Atlanta
do
New York
do
San Francisco
.
do
St. Louis
do
Associated General Contractors Call types)
1913=100..
E. H. Boeckh and Associates, Inc.:§
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta....
U. S. av,, 1926-29=100..
New York
„
.do
San Francisco
do
St. Louis.
do..._
Commercial and factory buildings:
Brick and concrete:
Atlanta
do
New York
__
do
San Francisco...
.do
St. Louis
..do.-..
Brick and steel:
Atlanta
.
do
New York
___do
San Francisco
,
do..
St. Louis
_
do
Residences:
Brick:
Atlanta
__
.._
____do
New York
_
do
San Francisco
do
St. Louis..
.___do
Frame:
Atlanta
do
New York
do
San Francisco
do
St. Louis
do .
Engineering News Record (all types) §
1913=100..
Federal Home Loan Bank Board:f
Standard 6-room frame bouse:
Combined index
1935-1939=100..
Materials
do
Labor
do_-__
215
223
218
REAL ESTATE
Fed. Hous. Admn.. home mortgage insurance:
Gross mortgages accepted for insurance
109, 350
75,435
66, 952 104, 566 141,443
thous. of doL. 109, 660 107,137 104, 937
94, 948
70, 799
69, 225
53,488
Premium-paying mortgages (cumulative)
thous. of doL._ 4,232?030 3,261,476 3.335,703 3,423,183 3,503.681 3,596,491 3,690,214 3,769,496 3,849,549 3,916,421 3,990,152 4.071,838 4,155,187
Estimated new mortgage loans by all savings
95, 797
94,095
and loan associations, total., thous. of dol..
129, 727 129, 934 127, 938 104, 749 100, 208
79,533
7,367
99,047
95,009
76, 756
Classified according to purpose:
Mortgage loans on homes:
37, 722
42,987
Construction..
_
do
30,290
40,782
15, 930
17, 709
30.103
22.791
20, 799
21,775
17,610
20,488
59,874
55. 973
43,345
58,052
52,112
Home purchase.
do...
34,127
33,769
53,095
40,930
52,196
52.190
48, 816
16,283
15,
785
14,424
15. 871
15,184
Refinancing
do._.
12, 325
12, 854
13, 225
1.4, 508 13,607
16, 097
13,340
5,361
5,571
4,170
5, 884
3, 566
Repairs and reconditioning.
do...
3,866
3, 138
3,517
4,083
3, 190
3,671
4,267
8,698
9,411
8,179
9,345
7,303
6,831
6,725
7,890
7,772
Loans for all other purposes
...do...
6,571
6,130
8,223
Classified according to type of association:
37. 007
57.592
54,786
52,507
41,182
31,142
35, 279
41,910
Federal...
-thous. of dol._
36. 325
31,919
38, 484
36,966
43, 665
54, 542
54, 303
54. 930 46, 800
43,960
44, 265
35,312
38, 030
33, 939
43,005
43, 937
State members
do
15,125
17.593 | 20.845 | 20,501
15, 066
14, 551
15.949
13.012
13, 079
10,898
15,038
16, 626
Nonmembers
.do
§Beginning with the September 1940 issue of the Survey, indexes computed as of the first of the month are shown as of the end of the preceding month. The Engineering
News Record index is similarly shown in the 1940 Supplement as of the end of the preceding month.
1 Figures include mortgages insured under the defense housing insurance fund beginning April 1941 for gross mortgages accepted for insurance and beginning June 1941 for
premium-jiayirg mortgages.
*New series. Earlier data for concrete pavement contract awards for airports and for the total revised to include airports, not shown in the Survey beginning with the
March 1941 issue, will appear in a subsequent issue.
tRevised series. Revised indexes of the American Appraisal Company beginning 1913 are available in table 44. p . 13 of the November 1940 Survey. For revision in total
concrete awards, see note marked with an " * " . Data beginning 1930 for tht- Federal Home Loan liank Board's revised index of construction costs are shown on p. 26 of the
October 1941 Survey.
SURVEY OF CURRENT BUSINESS
S-6
Monthly statistics through December 1938, to- 1943
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
October 1942
1941
August
September
October
1942
Novem- December
ber
January
February
March
April
May-
June
July
CONSTRUCTION AND REAL, ESTATE-Continued
REAL ESTATE-Continued
Loans outstanding of agencies under the Federal Home Loan Bank Board:
Federal Savings and Loan Ass'ns, estimated
mortgages outstanding
.thous. of dol_.
Fed. Home Loan Bks., outstanding advances
to member institutions.
.thous. of dol_.
Home Owners' Loan Corporation, balance of
loans outstanding
thous. of dol
Foreclosures, nonfarm:t
Index, adjusted.—
.1936-39=100—
Fire losses
thous. of dol..
1,750,843 1,775,117 1,801,033 1,815,666 1,824,646 1,824,376 1,829,218 1,832,341 1,842,422 1,846,790 1,849,400 1,852,972
172, 628 178,191
184,311
187,084
219,446
206, 068 197,432
191, 505 185,298
181,165
192,645
173,593
1,840,686 1,824,672 1,809,074 1,794,111 1,777,110 1,758,213 1,742,116 1,724,229 1,709,064 1,692,197 1,675,888 1,657,256
24.1
19,630
33.5
24,122
32.9
24, 6G8
34.2
30, 833
31.9
23, 822
32.4
31, 261
32.1
35, 655
30.9
30,819
29.5
30, 505
29.1
27,960
27.2
23, 233
28.0
22,410
27.4
21,000
DOMESTIC TRADE
ADVERTISING
Printers' Ink indexes, adjusted:§
Combined index
_
1928-32=100.
Farm papers.
-__do—
Magazines
_do.__
Newspapers
do—
Outdoor
do...
Radio advertising:
Cost of facilities, total
thous. of dol.
Automobiles and accessories
-do___.
Clothing
do...
Electrical household equipments
do___.
Financial---.
do.__
Foods, food beverages, confections do.__
House furnishings, etc.f
.do...
Soap, cleansers, etc
-do...
Smoking materials
do...
Toilet goods, medical supplies
do_.._
Allothert. --do...
Magazine advertising:
Cost, total
do...
Automobiles and accessories..
do...
Clothing
_..do.._
Electric household equipment
do...
Financial
do...
Foods, food beverages, confections d o . . .
House furnishings, etc
do
Soap, cleansers, etc
...do...
Office furnishings and supplies
.do...
Smoking materials
do__.
Toilet goods, medical supplies
. do.._
AD other
-do__.
Linage, total
thous. of lines.
Newspaper advertising:
Linage, total (52 cities)
do...
Classified __
- do...
Display, total
do...
Automotive
do
Financial
do
General
_..do.__
Retail..
.
do...
88.2
63. 2
84.2
81.3
72.5
90.5
68.3
86.5
81.9
89.9
90.7
61.8
85.0
81.4
110.0
89.1
67.7
86.3
82.1
85.5
89.5
63.2
92.0
83.2
70.3
99.4
67.4
92.8
91.3
112.3
80. 5
51.5
72. 3
74.5
80.6
81.0
49.3
72.7
75.3
83.1
80.4
47.5
69.4
74.8
94.2
79.1
52.6
67.9
74.7
77.7
78.0
53.8
67.9
72.8
78.0
80.9
51.7
77.6
74.2
88.0
61.9
90.3
79.0
8,186
790
45
57
53
2,051
51
92S
1,252
2,337
623
7,964
637
46
55
76
2,137
20
1,009
1,302
2,434
250
8,117
630
67
43
63
2,220
16
999
1, 252
2, 592
234
9, 679
771
59
44
39
2, 730
58
1,060
1,321
3,151
44G
9,723
834
73
55
51.
2,752
74
991
1,250
3,078
566
10,412
948
61
44
41
2,936
58
1,157
1, 351
3,218
597
10, 285
818
87
45
41
3,102
66
1,118
1,350
3,094
728
9,382
713
84
45
41
2,845
59
998
1,215
2, 846
537
10, 282
645
83
56
54
3,112
67
1,125
1, 298
3,122
551
9,372
531
115
45
44
2,785
52
1,058
1, 293
2,843
605
9,199
569
108
56
52
2.543
52
1,005
1, 316
2,856
643
8,989
632
62
45
41
2,473
42
1,050
1,299
2,792
553
8,500
716
55
45
41
2,102
42
1,013
1,329
2,571
527
12,415
1,171
724
126
280
1, 785
260
378
193
671
2, 268
4, 554
2,072
11,279
1,346
675
196
278
2,110
286
331
241
606
2.009
3,202
2,066
14, 643
1,254
1,337
276
412
2,133
829
333
359
699
2,435
4, 576
2,514
17,885
2,118
1,389
436
376
2,893
1,214
455
291
782
2,939
4,994
2,534
18,235
2,145
1,029
430
482
3,010
996
503
374
870
3,053
5,343
2,682
15,928
1,116
880
476
355
2,555
756
331
329
705
2,679
5.744
1,937
10, 4B6
659
333
103
318
1, 937
3L8
242
177
733
13,044
641
660
227
357
2.648
417
515
237
673
2, 675
3,992
2,130
15,811
759
1,242
237
390
2,941
798
763
243
790
2,922
4.727
2,331
14, 847
1,094
905
244
402
2, 466
815
593
206
736
2,771
4,615
2,168
15, 421
1,313
968
161
403
2,352
851
640
258
809
2,883
4,783
2,064
13,932
1,188
735
213
304
2,043
536
477
172
732
2, 928
4, 604
1,709
• 11,108
937
250
213
257
1,738
208
320
170
609
2,400
4,001
1, 700
94,963
21,931
73,032
2, 146
1,022
13, 195
56, 609
95, 707 107,160 123,815 120.624 125,484
23, 306 21, 745 22,010
21,008
20, 534
72, 401 85.415 101,805
99,615 104,950
3,034
5, 607
2,980
4,841
3,291
1,337
1, 534
1, 551
1,515
1,702
11,692
19,993
15,343
20, 002 17,047
74, 654 73, 258 82,910
56,338
65,558
89,341
19,064
70,277
1, 320
2, 204
13, 076
53,677
87,944 106.908 107,055
18,192
21. 975 21, 649
69,752
84,932
85, 406
1, 500
1,938
2,416
1,339
1, 849
1,704
14,662 -16, 268 17,821
52, 191 64, 878 63, 464
107,044
22, 326
84,718
2,334
1,248
16, 529
64, 608
97,663
20,608
77,055
2,541
1,370
14,841
58, 303
89,411
20, 085
69, 326
2,316
1,616
13,987
51,407
3, 763
1,940
GOODS IN WAREHOUSES
Space occupied in public-merchandise warphouses
percent of total..
79.9
79.5
80.6
81.7
82.8
83.9
85.0
85.2
84.5
1, 343
1,332
1,412
1, 229
1,414
1, 353
1,172
1,279
1,194
1,094
889
2,255
2,217
2,366
2,231
2,675
2,594
2,553
3,019
2,996
4,636
47, 573
4,932
50, 413
5,207
53,186
4,931
50, 334
5,743
58, 379
17, 557 15,707
149,204 135,685
5,317
59,823
6,997
87, 793
5, 673
59,746
5,411
59, 542
6,312
73,783
5,573
65,221
14.567
122,493
14,795
128,836
17, 084
149,199
15,464
134,759
14,525
138,264
19,134
17,093
210, 702 164, 302
15,256
137, 629
16,865
162, 616
16,071
152,047
30, 442
3,712
33,087
3,948
36,948
4,424
33, 805
3,821
32. 567
4,152
30,534
3,919
0)
0)
0)
0)
0)
(0
84.1
NEW INCOKPOEATIONS
Business incorporations (4 States)
number..
832
POSTAL BUSINESS
Air mail: Pound-mile performance millions..
Money orders:
Domestic, issued (50 cities):
5,495
Number
thousands..
Value..
thous. of dol.. 68, 098
Domestic, paid (50 cities):
Number
thousands.. 14, 582
Value
thous. of dol.. 142, 581
Receipts, postal:
PO selected cities
._
do
(0
60 industrial cities
do
0)
5,826
57, 537
48, 802
6,161
34, 503
4,398
0)
0)
RETAIL TRADE
All retail stores, total sales *
mil. of dol__
4, 679 ••4,718
' 4. 583 i- 4,711 r 4, 569 ' 5, 585 ' 4, 354 ' 3, 842 ' 4, 473 ' 4, 584 r 4, 557 ' 4, 506 r 4, 428
Durable ?oods stores *.
do
857 r 1, 258
1,062
1,128
1,237
1,067
803
7912
693
859
858
842
' 818
Nondurable goods stores •_..
do
3, 823 ' 3, 459 ' 3, 521 ' 3, 582 ' 3, 503 ' 4, 348 ' 3, 502 '3,149 ' 3, 670 ' 3, 725 r 3, 699 ' 3, 663 ' 3, 610
By kinds of business: •
334
364
Apparel
_
_
_
__do
393
387
388
290
557
376
440
406
363
352
302
617
279
Automotive
do
445
528
518
239
522
320
246
239
249
204
275
353
338
Building materials and hardware
do
360
366
312
249
331
260
316
373
354
370
337
159
194
Drug
do
158
156
152
211
159
163
167
170
181
182
190
550
Eating and drinking
do
'454
-•437
'423
' 390
'428
'431
' 399
'381
'438
••459
'400
'505
1, 285
Food stores
__
_
.do.
1, 063
1,052
1,125
1,090
1,218
1,172
1,216
1,090
1,220
1,237
1,248
1,282
291
Filling stations
do..
349
322
289
318
290
270
268
240
273
290
279
297
662
661
General merchandise
_
do.
706
724
735
1,106
680
613
541
700
659
648
584
187
House furnishings
do.
245
202
194
200
261
203
171
170
206
192
174
162
r
T
Other retail stores
_do_.
481
' 507
484
•''548
' 489
'662
' 563
'489
'558
'531
'557
'493
r
Revised.
§Includes data for radio advertising not available separately since November 1940
J Discontinued.
tRevised series. Data beginning 1926 for the index of nonfarm foreclosures are shown on p. 26 of the October 1941 Survey. Earlier revised data for radio classifications, electrical household equipmen t, household equipment, house furnishings, and "all other" will be shown in a subsequent issue.
•New series. Data beginning 1935 for durable goods stores and the kind-of-business groups except "eating and drinking places" and "other retail stores" are available on
pp. 24 and 25 of the August 1942 Survey (dollar figures) and p. 24 of the October 1941 issue (indexes). Data for "eating and drinking places," "other retail stores " and the
totals for nondurable goods and all retail stores have been recently revised; revised data will be published later.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in tlia
1940 Supplement to the Survey
S-7
SURVEY OF CURRENT BUSINESS
October 1942
1942
1942
1941
August
August
Sep- | Octotember | ber
Novem- December
ber
January
February
March
June
July
109. 9
153.0
' 141.5
100.8
' 139. 5
106.0
' 150. 4
'140.5
100. 1
' 153. G
'
'
'
'
'
'
1.46. 8
56.8
162. 0
151. 7
'175.9
r
155. 8
' 129. 6
r
1.30. 7
r
132. 5
' 202. 6
142. 3
62.3
153.4
155.6
' 180. 2
150.3
r
124. 8
127. 2
123.4
' 200. 3
' 163. I
' 62.
April
May
'141.7
108.0
' 1 52. 7
' 141.2
107. 3
r
152. 2
<• 1 4 2 .
152.5
56. 5
175.4
146. 5
' 175. *>
153.1
134. 3
136. 2
149.8
' 175. 8
DOMESTIC TRADE—Continued
EETAIL TRADE—Continued
All retail stores, indexes of sales:*
Unadjusted, combined index._. 1935-39=100__
Durable poods stores
do__—
Nondurable goods stores....
do.___
Adjusted, combined index™....
do
Durable goods stores
do
Nondurable goods stores
do
By kinds of business, adjusted:*
Apparel
_
do
Automotive§
__do
Building materials and hardware
do
Drug
do
Eating and drinking
do
Food stores
do___.
Filling stations
do
General merchandise
.do
House furnishings
,
—do~
Other retail stores
_.do
Automobiles, value of new passenger-car sales:! I
Unadjusted..—_
.
1935-39 = 1G0—
Adjusted
.
do
Chain-store sales, indexes:
Chain-store Age, combined index (20 chains)
average same month 1929-31 = 100—
Apparel chains
do
Drug chain-store sales:*
Unadjusted
1935-39=100Adjusted
.
do
Grocery chain-store salcs:t
Unadjusted
_„.1935-39= 100—
Adjusted
...do
Variety-store salest combined sales, 7 chainsrf
Unadjusted.....
1935-39=100Ad justed...
do
Chain-store sales and stores operated:
Variety chains:
S. S. Krcsge Co.:
Sales
.—thous. of doL.
Stores operated
.number..
S. H. Kress A- Co.:
Sales
._.
thous. of dol_.
Stores operated
_.number._
McCrory Stores Corp.:
Sales
. . . . t h o u s . of dol—
Stores operated
number..
G. C. Murphy Co.:
Sales..
thous. of doL.
Stores operated
number._
F . W. Woolworth Co.:
Sales
thous. of dol...
Stores operated
—number—
Other chains:
W. T. Grant Co.:
Sales
„._.thous. of dot..
Stores operated
_.«___>.number..
J, C. Penney Co.:
Sales
..thous. of dol ]
Stores operated....
number..!
Department stores;
Collections and accounts receivable:
Installment accounts:
Index of reccivables*JDec. 31, 1939 = 100...
Collection ratio
percent..
Open accounts:
Index of reeeivables*.Dec. 31, 1939=100...
Collection ratio
percent..
Sales, total U. S., unadjusted... 1023-25-100...
Atlantaf———
— ...1935-39=100Boston
.
1923-25 = 100
Chicaeot.-—~
— 1935-39=100Clevdandf
„_.._
do....,
Dallas
.
1923-25=100-.
Kansas C ity
!925 = 100..
Mimieapolisf1935-39 = 100—i
New York
1923-25=100-!
Philadelphia!
.
—1935-39=100—!
.Richmond*
..
..__„
do
St. Louis
1923-25 = 100..i
San Franciscof
1935-39 = 100—
Sales, total U. S., adjusted!
1923-25 = 100-:
Atlantat
— 1935-39 = 100—i
Chicagof- ..„
do.. 1
Cleveland f
_.
.
do
Dallas
.
.
1923-25 = 100—
Minneapolisf—
--1935-39 = 100. _
New Y o r k . . . . .
1923-25 = 100__
Philadelphia!
1935-39=100•Richmond*..
do
St. Louis
1923-25 = 100-.
San Franciscof
1935-39=100..
Installment sales, New England dept. stores
percent of total sales..
134.3
101. 8
144.9
146.2
104.6
159. 7
142.7
105. 8
154. 7
151. 5
106.4
166.1
' 143. 7
155.6
' 158.S
163.5
r
150. 6
>• 1 3 9 .
180. 4
f>3. 7
157. 5
168. 1
201.4
J68. 0
119.8
147. 3
138.2
190.0
165. 6
154.8
164.9
137. 5
r 164.5
139.0
144.1
147.0
181.2
r
176. 4
140.8
116.3
161.0
134.0
' 165. 9
132.3
143.4
131.0
149.0
r
166.5
91
104
57
57
100
93
114
128
104
162
182.0
212.0
151.0
184.0
147.0
164. 0
146.0
153.0
151.0
162.0
157.0
178.0
164. 0
188.0
165.0
178. 0
169.0
208.0
164.0
.174.0
170.0
181.0
171. 0
172. 0
177.0
200. 0
P
v 134. 7
141. 8
113. 9
119.9
113.5
118.2
111. 6
110.0
116.9
116.4
164.9
121.3
120.7
126. 0
110.8
118. 5
124.4
125. 0
124.6
128.9
129.3
133. 4
129.5
137. 0
' 132. 3
' 138. 8
r> 167.7
» 174. 7
143.9
149.9
145.0
147.9
153.4
152.6
155.6
155. 6
164.7
159. 9
170.4
175.7
170.0
169.1
170.0
168. 3
175. 2
170.1
170. <
173.4
170. 8
' 169. 0
' 172.4
p 124.8
f 142. 3
113.1
128.9
120.4
125. 3
122. 0
123.9
130.7
127.0
249.6
113.9
97.0
132.3
108.1
136.1
116.1
133. 6
123.1
127.1
130. 2
135.1
129.1
136. 2
132.2
143. 4
13,366 j 12,809
671
671
14,102
671
14, 832
674
27,515
675
11,854
673
11.750
671
13.174
671
14,437
G72
14, 219
674
14, 536
673
13, 565
672
14, 781
671
'• 139. 9
' 144. 5
137.2
r
146. 9
r
8
137.8
140. 5
r 140. 6
137.7
' 141. 6
r
133. 9
128. 4
' 135. 7
' 147. 2
139.6
' 149. 7
' 142. 0
134.1
r
144. 6
' 169. 8
153.9
' 174.9
' 138. 3
135.4
' 139. 3
' 131.4
97.9
' 142. 3
' 149. 7
119.6
-• 159. 5
' 128. 5
94.2
144.3
113.5
154.3
'137.2
100.0
149. 3
' 142. 8
111.5
r
152.9
123.3
112.4
155.3
131.0
•-162.2
136, 2
144.7
120.2
135. 2
r 146. 3
145.9
116.4
156.6
139. 2
' 165. 2
143.4
142.5
132. 9
149. 7
' 155.5
132.1
119.2
164.0
135. 8
' 164.0
140.8
141.0
12S. 5
138.6
' 150. 0
176.9
73.2
178.1
141. 7
175. 8
155.3
155. 4
148. 5
168. 2
157. 9
60.4
179.8
138,7
' 183. 7
150.4
152.9
139. 8
167.0
r
173.0
171.4
£6.3
174.7
141.7
' .175.0
150. 9
138. 9
138. 4
176.0
' 167. 1
r
M39.6
r
r
r
4
r
162.
' 192.
r
159.
r
132.
r
139. 0
136.7
r
186. 6
!
9, 607
246
8,022
242
8,483
242
8,427
242
8,458
242
17,376
242
7, 274
242
7,203
242
8,503
243
8,640
244
8,573
244
9,105
246
8, 733
246
5, 017
203
4,320
201
4,164
201
4,422
201
4,655
201
9,398
202
3,819
202
3, 739
203
4,373
203
4, 788
203
4, 749
203
4, 833
203
4, 504
203
6,156
207
' 5, 381
204
4, 870
204
5,575
204
5,608
205
10, 898
207
4, 804
206
4.- 469
206
5, 091
206
5, 934
207
6,136
207
6,205
207
5. 775
.207
33, 675
2, 012
30, 713
2s019
30,007
2,018
32,614
2,025
33, 776
2y024
62, 498
2,024
28, 345
2,021
27. 466
2,019
30, 266
2,017
33,136
2,013
32,060
2,011
33, 025
2,011
31, 705
2, 011
11,442
494
10, 070
493
10,063
493
11,864
493
12,174
494
23,518
495
8, 983
496
8,417
496
10, 470
495
12, 363
'494
12, 200
493
12, 222
494
10, 441
494
40, 523
1,611
32,403
1, 596
33,648
1,598
58,711
1,603
40,417
1,605
59,520 I 30,580
1,805 j 1,606
25. 407
1, 607
32, 348
1, 608
36, 531
1,609
37,170
1, 609
L609
34,683
1, 610
107. 6
18.8
110.5
18.9
110,4
19, 3
110.4
19.2
116. 4
20.1
108. 8
20.2
104.8
19.7
103.3
21.7
99.6
21.4
91. 8
22.0
' 82. 3
22. 4
74.7
22.7
78.0
45. 0
106
r 142
82
122
147
128
106
127
100
' 113
140
106
154
134
' 167
154
171
166
145
' 132
' 153
185
141
168
90.6
45.1
125
158
100
151
155
151
114
142
125
134
154
128
156
116
'149
137
1.41
136
124
'116
125
151
120
149
92.5
46.9
112
r 145
98
123
134
127
106
140
112
136
165
119
145
105
'137
117
128
113
117
'99
119
134
106
138
93.5
48.6
133
r 177
103
146
163
150
106
123
130
168
168
133
158
116
' 160
133
14S
134
123
109
132
160
114
151
117.7
46.3
197
100. 3
50.3
108
r 127
99
121
130
122
100
122
104
115
128
110
129
138
' 164
154
"177
161
152
132
161
182
138
167
88.0
45.2
99
-127
74
114
120
108
80
95
94
117
114
101
132
126
' 144
135
150
127
134
116
157
165
117
166
89.1
46.1
US
r 151
94
136
147
129
110
90.6
47. 0
115
' 149
S3
133
153
127
111
130
106
132
155
120
149
117
153
134
151
131
129
110
147
15P.
120
157
83. 7
50.4
108
' 114
S9
124
70.3
50.3
100
53. 9
60.3
'•83
r 116
r (^7
r 97
105
100
88
94
81
92
120
87
137
' 121
r
162
-139
' 143
143
133
114
139
170
126
J65
157
165
"123"
152
194
152
165
213
"82
222
183
198
194
238
265
390
235
111
' 140
126
135
128
127
107
127
142
115
138
r
106
140
161
125
148
124
150
141
ir.i
133
124
120
149
165
130
161 j
126
101
111
99
128
147
108
142
108
' 117
134
112
* 105
130
147
108
147 I
121
128
109
98
117
02
110
137
99
137
104
' 143
125
134
123
117
'97
122
' 144
108
140
17.4
10.8
8.9
12.0
6.3 I
8.4
10.5
9.2 I
11.4
6.9 I
Revised, v Preliminary
t Revised series. Fr r dt«ta on value of new passenger-car sains beginning 1929, and an explanation of the revision, see pp. 18-20 of the August 1941 Survey: seasonal factors
have been revised boginriLg August 1941 to tjJa into account restricted production. C( inflation of this index has been suspended. Revised data on grocery chain-store sales
indexes ^ i l l a p p e n r in a
Tiient-btore viVs !or >iv \iv ;je 1
--'in Fi,inciteo taN> 17 < J> \> .'t> <A
State- department-sto'c '-o 1 ^ for
note marked \v"ii a " t " on p. 25 oi the January 1941 Sur\ey.
r
seiies. For <• nl.i i da'
the ii.dLxe* of s^les of retail ston -, sc^ ro"e maiked v\ ith an ' " " oil p. S-6. For data on drug-store sales beginning July 1934, see table
3, p 11 of the Xo*i eri!><>r !<> to ^'i? \ ey. Tiu!e\es o! dopartmc nt Morn recoh ables beginning January 1910 aio available on p. S-7 of the September 1941 Survey. Data beginning
for1923
FRASER
for the ivw ;nae\es D( (k>|»artnient-stou'- ^alet> Tor the Richmond distiict aie shown in table K, p. 25 of the August 1942 Survey.
§Bogmning Decenilur 1911 soason-il adjustment factor^ of 100 are being used for this group oi stores.
Digitized
8-8
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1943
gether with explanatory notes and rpferenees
to the sources of the data, may be found in the
August
1940 Supplement to the Survey
October 1942
1942
1941
Octo- I Novom-1 December
! ber i ber
Septem her
August
Jam1ary
February
March j April
j May
June
July
DOMESTIC TRADE-Continucd
RETAIL TRADE—Continued
Department stores—Continued.
Stocks, total XI. S., end of month:
Unadjusted-.
1923-25 = 100..
Adjusted
.
do
Other stores, installment accounts and collections:*
Installment accounts outstanding, end of mo:
Furniture stores
'Dec. 31, 1930=100..
Household appliance stores
do
Jewelry stores.
._..
_...do..__
Ratio of "collections to accounts at beginning
of month:
Furniture stores
percent-.
Household appliance stores..
do
Jewelry stores
do
._
Mail-order and store sales:
j
Total sale?, 2 companies.
thous. of dol..| 1 •3, 447
Montgomery Ward & Co
do
i 4
Sears Roebuck & Co
do
1, TOG
Rural sales of general merchandise:
Total U. S., unadjusted
1920-31-100..
ICU.s
East..
co
1
i ' 3. '*
South
.
do
I
Middle West
do. — |
Far West
do
i
Total IJ. S., adjusted
do
j
East
_
do
I
South
do
j
Tt't ".
Middle West.
do
j
225. '1
Far West
do
j
108
97
112.5
121.7 •
94.2 I
ii./
|
JO. 4
17. 4 :
in.2
120.4
98. 3
110.0 !
117.1 |
95.7
11. 8
11.2
17. 7
11.2 '
10.8 [
17. 8 !
164.391
57,803 '
87, 7JG ;
59, 7S0
85,714
170." I
1MU) !
183. 8
1-1.9
W-'. 8
if.S.S
r
20S. 7
?:K. 3 '
:!' 1 . ^
'• ! ^ i. o !
KX 9
1 >5. I
151 9
V6\). I
110
108.9
112. 5
OS. 4
S3
9a
122.9
U. 5 :
152,308
2 0 1 [<oc>
b \ c- 3
'A .'.) I
1>7. 7 '
22.U'
T
2 4 3. 2 ,
2'0 1
3,'t". 3 '
f< '» 0
2*7 9
m 1 '
'2'\ '»
319.9
3
1
^
7
100.8
95.8
97.6
101.8
100. 3
102. 4
1"1 ?
1.VJ <<
13';'!,
122
117
129
126
128
134
M26
M40
99. 7
90. 8
93.4
96.5
84.7
87.4
91.1
77.0
80.5
84.6
70.9
73 8
12 0
13 2
12.7
20 0
K0
12.8
21.9
14.3
13.1
22.4
11 4
19. I
i n i,-«i
41, V 4
f".ii'J7
'.(,
"•7?
2')2.
J 17
IS.).
ios !
11. t
•1 4
18 !'
10. Q
IS. 4 '
f
216. 4 !
22 •. 8
104 9 i
103 3 |
110, 9 I
110.0 i
no.i !
Ill I
If 1 . 0
1.^,00-,
n 9, 117
ro. 7(">
175 fi
104 8
171 7
1!^ 0
\ 9 i
:-;
213 7
137.3
128.1
158.6
118.9
193. 8
188.1
179. 9
233. 5
161.2
236. 3
41,400
41, 800
42. 300
36, 346
14,13?,
928
1,900
3,442
6, 667
4, 309
4,958
36, 665 r 37, 234
14, 302 r 14, 641
r 923
921
1,991
' 2.108
3, 484
»• 3'. 519
6,606
•" 6. 504
4,324
' 4, 355
5, 037
••5,184
34, 994
13,035
870
1,901
3, 391
6, 695
35,031
13'. 207
865
1,850
2.396
6,586 !
r
r
k
\ 10
o '
117, 597 I 104.118
48.470
42,521
09,121
61,597
100.3
162. 9
179.4
1H.0
2in. o
171 i.O
177.4
223. 1
1~\' I"
I T , «.
JO9* 0
227. 1
1- ", 4
1'7 ^ '
22' 0 '
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
i
Employment estimates, unadjusted:*
I
Civil nonagricultural employment, total !
(Bureau of the Census)
thons._ {
Employees in nonagricultural establish- j
ments (Dopt. of Labor), total . thous...!
Manufacturing
_.'
do
|
Mining
_
_
do
\
Construction
do
j
Transportation and public utilities, do
|
Trade
do___J
Financial, service, and misc.__.
do
I
Government
do
|
Employment estimates, adjusted (Fed. Res.):* i
Employees in nonagricuitural establishj
ments, t o t a l . . .
thousands-.!
Manufacturing
.....do
!
Mining.
>„.. . . d o
j
Construction
.do
j
Transportation and public utilities..-.do
I
T rade
do
I
Manufacturing, unadjusted (V. S. Department j
of Labor) t ' . - 1923-25 = 100_ > |
Durable goo<ist
do.._.]
Iron and steel and their products, not ineluding machinery.
..l&23-25«100._|
Blast furnaces, steel works, and rolling
mills
1923-25-100..
Hardware,..
.._
do
j
Structural and ornamental metal work
1923-25=100...!
Tin cans and other tinware
do
i
Lumber and allied products
... do
j
Furniture...
do
i
Lumber, sawmills
do
j
Machinery, excl. transp. equipment...do
!
Agricultural implements (ineludinp: trac- |
tors)
1923-25 = 100.. I
Electrical machinery, apparatus, and |
supplies
.
1923 -25 = 100. ..j
Engines, turbines, water wheels, nn<l \
windmills
.
1923-2o —100.. j
Foundry and machine-shop products.do, 'Machine tools*
.
..do
;
Radios and phonographs
do
|
Metals, nonferrous. and products
do... -j
Brass, bronze, and copper products.do____|
Stone, clay, and glass products
do
\
Brick, tile, and terra cotta
-_do..__J
Glas8
do
i
Transportation equipment!
-do
Aircraft*
L.._.
do
!
Automobiles
,_do
|
Shipbuilding*
.,
..
.
...do.^__;
r
... I
I ' !
3 t. ^
i
s
, l
12,(()')
v
2.003
3,3; ^
. (
7,o ^
fi, C,U)
137.2
»• 154.0
'3" 2
psj 7
1
13 ( 9
1..*, 4
147 0,
71' 0
>
0
1 j ) r<
M 0 1
]fS \
"f 7
17/ 0
1
1? )
14 j r
1"
70 '
101 3
7<) 4
13 0
172 0
' S97 3
110 i
10
• f
4
\
^2 5
1
0
i Ti 7
167.4 I
1' <
0) I
°' )
I i" (;
II
-
214.0 I
111.2 1
73.4 j
97.0 !
C4.G i
200.0 I
fO r
] " 0
^•0 1
j
1i
i
101 *7' J
r
211 3
11
: i
IOO
r)
1
r
i
150.9 i
r 92. 2 j
0
Revis(v
r Preliminary
s, bi t ru t i
^ cludew v\ M and TOU
fReviser 1 series f t r re w d m v ^ u ir n n. n
^
T\ 1 J I x \T
T f< r I 1 1
fcransporiat'f'n Ci]uipmeM r e \ IM d b< imn ig Ji iinr\ i(|3 «•( t i h 1 r r
,r
^^ , n 1
*New M r (^ TM IO\ <> ' 1^1 111
it (
n o
11 < 1
1 )i ^ p
I i u \ i
>
i
t
e m p l o y m t n t coii>ml( d b \ thf Pi I
t H I !>
i
employees in Tionu:? i . U u r i h - f Mi-I 1
o
1 co [) >r r
S u r v e y a n d furtlk 1 K M >M in T T * (1 i
if
l t n
Mi
H I O H \\ (( \ II
T h e season ill \ adiu^ff i (^*innto c ; h i v
in t h e next is^ue of tl c M I M ^
I or md x<
1 mi
I I
h
ul h i
October 1040 ^ U L \ C \ fo" m r iff hide u (n \ t ^ foi 7 »0 si 1 1 \b\ ~', p 17 (
^;[|l
2 I
1
] >
S02
1 U2l
* 1 )
r
CO
i
160.3 i
0)
208.9 !
145.7 I
0)
i
95.4 I
70. 4 j
125.6 i
240, 9 !
C-)
\
84.1 i
r
r
139. 3
»• 1 4 2 . 2
.157. 4 ! r 160. 9
T
135.5
1
151.5 I 152.2
r 93.4
90.8
»• 1 3 5 . 0
118.2
107.8
73.3
94.6
65.3
206. 5
O21.4
' 107.4
^73.3
93.0
••65.6
r 210.3
167. 2
<• 1 6 5 . 4
0)
(
'167.4
0)
' 197.4
' 146.6
135.0
115. 6
108.0
73.3
96. 1
r
64. 9
203.1
166.9
r
r
r
151.6
' 95.4
0)
0)
162.8
0)
196. 4
145.9
(0
r
94.3
70.6
123.6
256. 7
87.6 |
0)
165.1
0)
191.4
' 146.1
(0
••94.0
»-69.9
' 27o! 4
0)
(0
91.8
»"68.9
*• 115.0
•" 293. 2
91.2
l
p IS of the March 1941 Survey.
uU \
Index for
:ot< 1 ci\ il nona^ncultural
<1 ' I
uriadiu&ted estimates of
n i i ( it u
o ! I I K 1»hsf(,i
«1 data 111 the March 1941
1
fo
n l l l i • u - h h u d r a subsequent issue,
1 I si
K l I M U l '
•epl iced bj reMsed figures
l
n i l !
i ( ' s, <
IKI 10, pp. 15 and 16 of the
SURVEY OF CURRENT BUSINESS
October 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
S-9
1941
August
September
October
1942
Novem- December
ber
January
February
March
April
June
July
' 122. 1
r 124.4
' 157.2 ' 156. 8
' 193.9 r 196. 3
131.8
136. 2
133.6
131.9
314.5
312.1
' 135.7 '141.9
150.9
' 154. 2
' 145. 6
138.4
98.7
97.1
94.1
95.7
117.2
119.1
' 126.0
128.4
'97.2
94.6
77.9
74.5
108.8
'311.8
104.5
104.7
r
113.8
122.8
63.8
62.7
139.9
137.5
151.4
155.9
134.0
135.4
151
153
89
' 156.7
'195.2
' 126. 2
' 133.9
' 309.1
' 156.6
' 160.1
150.7
May
EMPLOYMENT CONDITIONS AND WAGES—Continued
I
EMPLOYMENT—Continued
Mfg., unadj. (U. S. Dept. of Labor)—Cont.f
Nondurable poodst
1923-25 = 100—
Chemical, petroleum, and coal products
1923-2.5=100 __
Chemicals
do
Paints and varnishes
...-do
Petroleum refining..
do
Eayon 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 p u l p . . .
do
Rubber products
do
Rubber tires and inner tubes...
do
Textiles and their products!
do
Fabricsi
do
Wearinp ppparel
do
Tobacco mar ufailures
do
Manufacturing, adjusted (Fed. Res.)t
do
Durable goods!- -._
do
Iron and steel and their products, not including machinery
.-1923-25=100Blast furnaces, steel works, and rolling
mills
— 1923-25 = 100..
B ar d ware
— do
Structural and ornamental metal work
1923-25=100—
Tin cans and other tinware.
_„do
Lumber and allied products
..do
Furniture
.
do
Lumber, sawmills
do
Machinery, excl. transp. equipment.-do
Agricultural implements (including tractors)
J 923-25 = 100..
Electrical machinery, apparatus and supplies
1923-25 = 100..
Engines, turbines, -water wheels, and
windmills
1923-25=100..
Foundry and machine-shop products
1923-25 = 100Machine tools*
do
Radios and phonographs
do
Metals, nonferrous, and products
do
Brass, bronze, and copper products.do
Stone, clay, and glass products
do
Brick, tile, and terra cotta
do
Glass
——do
Transportation equipment!
do
Aircraft*
do
Automobiles-do
Shipbuilding*
do
Nondurable goodsf
do
Chemical, netroleum, and coal prod—do
Chemicair...
___do
Paints arc varnishes
do.._.
Tetroleurr u-fming
do.._.
Eayon and :Mied products
....do
Food and kindrrd products
do
Baking
do
Slaughtering and meat packing
do_._Leather and its manufactures
do
Boots and shoes
do
Paper and printing
do
Paper and p u l p . .
do
Rubber products
.
do
Rubber tires and inner tubes—
do
Textiles and their products!
...do
Fabrics!
—do
Wearing apparel
do
Tobacco inanufactures
do.. _ _
Manufacturing, unadj., by States and cities:
State:
.Delaware...
— 1923-25 = 100Illinois!
.
.
1935-39 = 100Iowa
1923-25 = 100..
Maryland
1929-31 = 100...
Massachusetts
1925-27 = 100..
New Jersey
1923-25=100..
New Yorkf...
1935-39=100.Ohio!
do
Pennsylvania
.
1923-25=100..
Wisconsin!
.-1925-27=100City or industrial area:
Baltimore
.1929-31 = 100..
Chicagot-—
—1935-39 = 100Cleveiand...
__„ 1923-25=100LVtroit _.
....
do
Milwaukee
.
........1925-27=100New Yorkt
..-1935-39=100Pb iladelph i a . .
1923-25 = 100Pittsburgh . . . .
...___
do
Wilmington
do....
135.1
127.7
128.7
127.3
125.4
124.8
122.1
123.0
123.2
123.0
143.1
180.1
144.8
127.9
329.3
159.3
152.7
122.4
101.1
98.3
123.9
127.8
111.8
86.7
115.4
106.9
129.6
65.8
133.3
141.5
147.6
182.4
143.9
128.5
327.0
163.2
153.5
123.6
98.9
95.2
124.9
128.4
111.5
86.5
115.5
106.3
131.3
63.9
132.3
141.3
149.9
183.8
143.9
129.2
325.0
152.5
154.5
125.9
98.5
94.7
126.5
128.2
111.6
86.0
114.9
106.4
129.0
67.3
132.8
142.3
149.8
185.3
142.6
129.1
322.9
145.9
153.7
129.9
96.7
92.3
126.7
128.7
111.2
86.1
113.4
106.1
124.9
68.4
134.4
143.7
149.7
185.4
142.2
129.2
321.1
141.0
151.5
138.1
99.2
95.2
128.3
129,1
110.1
84.5
113.0
106.2
123.2
67.5
134.9
144.3
151.1
185.9
140.9
129.1
315. 9
135.4
149.fi
143.8
98.9
95.4
124.7
129. 5
99.3
74.8
111.1
105.1
119.7
63.4
135.7
146.7
154.9
188.7
141.0
129.6
312.6
133.5
150.0
137.8
100.2
96.6
123.3
129.6
98.5
158.5
72.8
113.0
104.9
126.4
65.5
135.1
146.8
140.7
130.8
313.2
131.7
150. 3
134.0
101.9
98.6
121.6
129.7
98.4
73.3
113.5
105. 0
127.6
65.4
134.7
146.9
158.8
' 193.5
138.7
131.6
310.4
132.8
149.6
134.0
100.5
97.4
120.8
129.8
94.6
72.9
113.1
105.2
126.0
64.4
136.0
149.2
140.2
139.7
138.2
138.3
138.9
136.0
136.5
134.7
134.2
149
114
150
110
149
94
148
94
149
91
107
141
78.1
105
68
185.0
108
147
79.2
106
70
189.1
112
141
77.9
104
68
113
122
75.4
103
66
116
115
73.8
101
64
116
110
73.2
100
64
117
105
72.3
97
63
'119
101
'72.6
95
64
192.8
196.5
199.4
201.5
205.4
' 210.9
167
161
161
160
157
162
166
151
100
150
116
149
117
148
115
148
113
120
107
132
78.4
107
68
106
132
77.3
103
68
107
127
76.4
101
67
107
138
76. 9
104
67
178.1
178.4
180.2
182.3
182
181
180
172
168
168
168
169
315
146
366
187
147.9
195
98.4
74
130
193.1
7,897
139
398
125. 5
146.3
179
148
127
328
140.9
152
124
97.9
94
125.1
128
113.3
87
117.1
109.6
128.8
64.4
323
147
355
183
144.8
194
98.7
74
130
195.4
8,779
128
440
123.8
145.7
180
145
127
324
138.8
151
125
98.0
94
124.4
128
111.6
87
114.7
107.2
126.6
62.0
348
148
360
179
143.1
191
98.9
73
131
204.7
9,459
129
487
123.8
147.1
181
144
129
323
140.7
152
126
99.6
96
124.9
128
110.1
86
112.9
105.4
124.7
64.1
371
149
365
194
142.2
191
100.9
76
133
209.6
9,799
127
532
125. 6
148.2
184
144
128
320
147.0
152
127
104.2
101
124.8
129
110.1
86
113.3
105.1
126.9
65.0
142.5
140.3
159.1
142. 8
99.1
136.9
138.0
136. 6
r
110.4
124.7
147.5
139.7
160.1
144.3
99.5
145. 3
142.5
138.6
110.6
126.4
137.8
139.1
161.5
145.4
100. 2
144.4
142.5
137.5
110.9
126.7
136.1
139.0
161.7
146.4
100.1
145.3
141.1
137.2
111.0
126.5
101
7.1.1
01
63
21 a 9
172
0)
0)
171
0)
195
151.4
0)
89.7
63
119
:U5. 5
0)
99
0) __
160. 6
193
129
134
305
148.5
161
152
91.2
88
115.9
119
106. 4
86
111.4
106.1
118.3
64. 6
164.4
141. 5
162.0
175.7
102.7
155. 9
MG. 4
'114." 4"
136.9
0)
0)
150
0)
0)
153
0)
0)
206
143.4
220
146.8
0)
101.6
77
132
205.9
0)
105.0
81
135
211.1
0)
111
0)
0)
126.0
149.2
187
144
129
320
147.5
152
133
103.1
100
125.9
129
109. 4
85
113.2
104.4
128.2
66.5
125.2
151.8
190
145
ISO
31 ?>
148.4
253
139
98.8
95
125.2
130
99.6
75
112.0
104.1
125.1
69.2
137.1
139.1
162.8
147.0
100.4
145.7
141.2
136.9
111.5
126.6
137.8
137.2
158.2
149.5
99.2
145.8
138.9
135. 3
110.3
124.9
()
96
• 192.6
122.4
r
Qfi 2
' 93." 5
'115.6
' 121. 5
'101.3
'82.6
108.2
' 104. 2
'112.4
' 64. 5
' 143. 7
' 161.8
' 136.4
'153
'96
'169
0)
0)
0)
0)
0)
0)
0)
0)
0)
0)
161
0)
0)
0)
155
235
146.5
157
0)
250
146.4
0)
0)
100.1
78
126
216.3
96.9
75
124
220.6
0)
(0
0)
84
0)
81
0)
123.8
154.7
192
142
131
308
147.6
152
138
86. 3
92
123.4
130
98.3
73
110.0
102.2
122.8
66.7
123.1
155.9
194
141
132
309
144.4
152
137
97.4
• 93
• 122.0
130
97.5
73
109. 4
102.6
120.0
66.1
138.1
137.7
153. 3
153.4
100.5
148.3
143.4
135.4
111.8
125.7
138. 7
136.9
154.5
157.4
101.5
150.1
145. 4
140.9
112.5
127.4
160
0)
249
' 145. 7
223
' 146.5
0)
(0
94.7
71
124
231.1
90.8
67
122
246.0
0)
0)
79
0)
123.3
157.3
194
137
132
317
142.3
151
138
98.1
95
121.3
130
93.7
73
110.9
104.8
119.7
65.8
139.9
136.4
153.4
160.7
102.0
151.6
145.2
142.8
113.0
129.6
83
(0
124. 2
159.0
194
131
133
318
143.5
151
' 141
100. 0
97
119.5
128
94.5
75
112.3
105.5
122.6
63.6
145.2
136.3
156.0
164.0
101.8
153.3
144.0
143.7
112.2
131. 2
168
165
0)
195
147.8
0)
90.7
65
119
268. 6
0)
'89
0)
124. 6
160.7
196
127
133
324
143.8
153
146
100.1
98
118.5
126
97. 5
78
112.2
107.2
118.5
64.1
151. 4
136.0
158.5
165.3
101.5
153.1
139. 4
' 146. 2
' 113.6
133. 2
0)
'199
' 150.9
0)
91.0
'65
'117
' 296.1
0)
'96
(0
' 126.4
' 160.7
'192
' 126
'133
' 311
r 149. 1
159
151
'95.3
92
'117.4
'122
' 102. 7
'83
' 114. 5
' 108.1
' 123 8
'64.8
' 153. 5
137. 5
159.8
' 171. 6
101.8
-153.3
142. 3
148. 6
'114.0
135.5
165.5
-107. 4
164.2
161.2
154.1
149.8
157.7
136.1
136.6
137.6
139.0
139.1
138. 7
137.9
142.7
141.0
137.7
133.4
148. 5
139.6
146. 0
118.6
115.7
104.6
102.7
13?,. 5
111.0
127.1
144.9
141.8
135.1
134.3
152, 2
137.6
147. 8
131.9
129.8
121.9
119.5
132.4
116. 5
128.3
123.8
120.3
117.6
122.8
' 128. f.
127.1
125.4
119.4
118.8
118.5
118. 5
'119.9
119.8
119.3
128.1
127.5
127.7
127.8
' 138.1
137.0
130.8
' Revised.
* Included in total and group indexes, but not available for publication separately.
t Revised series. For revisions for all industries, durable goods and nondurable goods, see 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 products and fabrics beginning 1933; revisions
prior to March 1939 which have not been published are available upon request. Revised indexes for Illinois beginning 1923 adjusted to census trends for the years 1923 through
1935 will be published in a subsequent issue. For revisions in 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. r72 of the February 1941 Survey will appear in an early issue. Earlier monthly data on indexes beginning 1923 for Ohio factory
employment revised to 1935-39 base are show n on p. 17 of the March 1942 Survey. Earlier data for the revised New York indexes will appear in a subsequent issue.
*New series. For indicated series see last sentence of note marked with an "*" on p. S -8 of this issue.
174.5
142.3
151.0
137.9
155. 4
130. 0
129. 9
120.2
142.0
141.7
138.1
132.7
116.0
135.4
125. 6
111.8
117.1
120.9
143.7
138.4
134.1
115. 0
136.9
130. 5
114.3
117.1
122.4
144.8
139.4
134. 2
117.3
135.9
130.1
116. 3
118.0
122.4
146.2
140.2
134.3
119.0
134.9
126. 3
118.1
118.4
125.5
146.9
140.6
130.3
97.4
135.8
126.7
118.7
119.3
125.7
S-10
SURVEY OF CURRENT BUSINESS
October 1942
Monthly statistics through December 1989, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
NTonmfg., unadj. (U. S. Dept. of Labor):
Mining:
Anthracite
..1929=100.
Bituminous coal
__do___
Metalliferous
do
Crude petroleum producing
do
Quarrying and nonmetallic
do
Public utilities:
Electric light and powert
do
Street railways and bussesf
do
Telephone and telegraph!
-.do
Services:
Dyeing and cleaning.__
do
Laundries
do
Year-round hotels
do
Trade:
Retail, totalt
do
General merchandising!
do
Wholesale
do..-.
Miscellaneous employment data:
Construction, Ohiot
1935-39=100..
Federal and State highways, totalt number..
Construction (Federal and State)
do
Maintenance (State)
do
Federal civilian employees:
United States
.
do
District of Columbia
do...
Railway employees (class T steam railways):
Total
thousands..
Indexes: Unadjusted
1923-25=100.
Adjusted
do...
50. 2
95.1
79. 5
60.9
52. 6
49.1
1/5.5
80. 2
61.1
50.9
49.0
95.1 I
80.7
61.3 i
46.8 I
48.8
94.5
81.0
60.6
46.7
48.4
93.8
81.9
59. 7
47.7
47.8
93.5
81.9
58.8
50.3
48.2
92.9
82.2
58.1
51.7
'45.5
92.7
81.8
57.6
51.9
47.0
93.3
81.5
57.2
51.6
94.1
70.
, „ . .3.
90.6 I
93.4
70.2
90.1
93.1
70.6
90. 0
92. 0
70. 4
90. 4
90.5
70. 7
60.3
89.6
71.2
SO. 5
88.9
72.1
91. 2
88.0
72.9
91.7
87.5
74.0
'92.5
86.7
74.7
93.5
121.5 I
113.0 |
95. 7 j
121.2 j
111.2 i
96.2 !
117.2
108. 9
96.1
113.3
108. 4
95,3
109. 8
108. 8
04. 2
113.8
107.9 i
93.5 I
121.3
110.3
95.2
127.6
113. 7
96.1
130.1
114.8
95.5
126.9
r 119. 1
' 94. 5
100. 0 !
111.7 I
95.6 |
101.0 '
110.4
96. 3
in.* n
1'AO
%. 3
in o
!)-, 4
!
M1 3
10- 6
92. 7
94.0
109. 5
91.2
92.8
108.4
90.4
90.3
103. 8
89.7
0 I 137 7
M 2VS.037
" , 72, 120
itf
105.441
142.8
236,929
90,103
107,804
' 137. 5
236,102
89, 999
112,000
124.1
240, 633
94,191
114,361
46.7
92. 2
80.6
56.9
51.4
50.0
92.6
79.9
62.2
53.9
50.0
94.2
79.4
61.8
54.2
50.3
95. 3
79.7
61.6
54.1
85.7
75.0
93.9
95.2
69.7
89.6
94.9
70 3
123. 6
117. 5
1)3.3
118. 9
114. 6
94.5
89.5
103. 9
89. 8
103. 0
95.8
167.7 j 1 0 4 . 7
340, 146 I 320,301
158, 744 | 149.800
138, 631 128, 415
162.3
300.381 S7<\ J( 1
135^622 j 111,7.o
124,523 ! llo F ,>J«
1.444.985 1.487,925 |1,511,682 11,515.13]
186, 931 191,588 | 194,265 ]<>j, 2V
74.0
7<> o
1, 231
67.6
86.0
1,235
67. 8
66. 5
41.2
41.0
41.6
40.9
41.7 j
41.1
465
698
212
305
1, 825
470
687
295
358
1, 953
4, 699
1, 446
671
4? 356
1,396
1,108
4,229 I 4,2S4 i
1,483
1,327
935
583
1 127
()7. &
*>( -
1,243
68.2
66.3
U>\ 5 |
%.3 |
109. f, !
107. 6 |
94. 1 j
0 I
94.4
: 3 '
11' 4
""1 76*'
7., l.u
iiO.'U I
r
'- I 18 ',
11.-.
l,fr
74 .!>< ; n / 0 0
\™\;:\
n , 2, i , l o
oo j
i L'II
65 4 !
1, 21 P ,
CM)
!
2,066,873 r2,206,970 2,327,932
256,457 ' 268, 383 274,001
1.106
6>>. 4
,<. 0
1,296
71.1
70.3
1, 319
72.4
70.8
1.343
73.7
71.8
LABOR CONDITIONS
Average weekly hours per worker in factories:
Natl. Ind. Con. Bd. (25 industries)..hours
IT. S. Dept. of Labor (90 industries) do...
Industrial disputes (strikes and lockouts):
350
Beginning in month
number..
475
In progress during month
...-do
Workers involved in strikes:
80
Beginning in month.
thousands.100
In progress during month.....
....do
450
Man-days idle during month
.
do
Employment security operations (Soc. Sec. Bd,):
Placement activities:
Applications:
.Active file
thousands. _
()
1, 401
New and renewed
do
983
Placements, total t
do.._.
Unemployment compensation activities:
2,580
Continued claims
.thousands..
Benefit payments:
543
Individuals receiving payments § .-do
Amount of payments
thous. of dol_. 28, 252
Labor turn-over in mfg. establishments:
Accession rate.-mo. rate per 100 employees..
Separation rate, total
do
Discharges
do
Lay-offs
do
Quits and miscellaneous..—
do
5.43
4.14
.30
1.13
2.71
19S I
348 i
1,925
228 |
330 I
1,397
SO
59
476
2, 548
3,045
572
26, 494
41.6
41.2
432 j
664 I
41.5 !
40.3 I
I
271 I
464 j
493
22, 942
5.16
4.53
.31
1.16
3.06
2, 597
430
21,430
471
21,066
4.87
4.13
.28
1.41
2.44
3. 91
3.51
.21
r
1.44
1.83
42. 4 j
4L5
143
287
33
49
390
4, «.r-9
42. 4
42.2
42.7
42.5
42.8
42. 4
42.7
42.6
'42.7
42.6
42.6
42.4
190
275
240
320
310
405
275
375
350
440
400
520
57
80
425
65
80
450
85
375
58
72
325
100
117
550
100
450
4, N88 I 4. 559
1, 5'*2 i 1,567
427
511
4, 398
1, 576
608
4,254
1,565
784
4.280
1, 841
925
4, 103
3, 977
3, 512
2,970
3,159
3,207
NO, SSI
803
43.. 035
668
36,311
610
31, 704
553
30, 226
575
32, 625
6.00
4.78
.20
1.35
3.14
6. 99
5. 36
.33
1.19
3.84
7.12
6.12
7.29
6.54
.38
1.43
4.73
8.25
6.46
.38
1.21
4.87
8.28
6.73
.43
1.05
5.25
S
3, f.io
I
f
"1 «r
27, * . 7 j
4.7!) I
4
~l \
^29 I
2.15 !
2 .T7 !
6. 87
5. 10
r
1.61
3. 1'.)
l! 31
4.46
;
r3,254
' 1, 656
1,006
PAY B O L L S
Manufacturing, unadjusted (U. S. Department
214. 4
173,5
162.0
! 67. 0
158.1
178,3
ICO. 9 !
lfio.4
' 198. 1 ' 204. 3
188. 0
' 193. 5
182.9
of Labor) t
..1923-25 = 100..
267. 0
190. 3
204. 3
183.3
210. 6
177.6
191.4
226.6
' 252. 3
Durable goods f
do
217.3
lOo. 4 I
' 244, 1
' 235. 6
Iron and steel and their products, not in173.4
' 188.1
171.9 i
170. 6
174.2 I
181.6
' 184.1 ' 186. 4
cluding machinery
1923-25 = 100, _
Blast furnaces, steel works, and rolling
203.2
181.1
183. 2
185.0
' 201. 3
178. 4
190. 6
198.1
183. 3
192.9
193. 5
196.6
mills
1923-25=100..
r
r
165. 5
147.4
150. 7
148. 7
137.7 I
133.4
' 145. 3
145.7
151.5
135.4
' 135. 9
' 138. 9
Hardware
do
' 130.6
Structural and ornamental metal work
172.
3
127.2
125. 2
' 159. 0
123. 6
124. 9
155. 0
133.3
145. 6
149. 2
1923-25=100...
140 0
116.0
121.2
160. 4
165. 8
171.7
184.7
187.6
173. 6
ISO. 8
* 143. 6 ' 146. 7
164.6
145. 4
Tin cans and other tinware
do
' 141.4
150.0 i
r
97. 7
92.3
86 4
8o. 8
93. 3
90. 8
81.7
93.7
Lumber and allied products
do
92. 3
86.0
87.3
'90.3
86.4 |
114.6
' 109. 6
120 7
118.0
118. 7
110 5
112.2
Furniture
do
120. 5
115,7
112. 5
116.1
114.8
114.9 I
88.0
70. 2
68. 0
'84.2
78.2
Lumber, sawmills
do
77.5
67 ?>
'84.5
71.9
75.0
'78.6
80.3
72.9
363. 9
' 347. 8
255. 8
249.6
273.4
289, 3
' 342. 9
Machinery, exch transp. equip.
do
257. 6
321. 7
' 332. 6
244.5
SOU. 2
313. 3
Agricultural implements (including trac259. 8
' 255.4
tors)
•..1923-25=100...
223., 9
262. 7
219. 0
227. 5
241.1
230. 7
228.. 8
231. 6
249.6
259.1
249.9
Electrical machinery, apparatus, and
240. 0
244.7
241.9
supplies
1923-25=100...
241. 3
0)
0)
0)
0)
0)
0)
0)
0)
V)
Engines, turbines, water wheels, and
546. 2
572. 9
676. 3
windmills
1923-25=100..
61.5. 5
(0
(0
0)
0)
0)
0)
0)
0)
Foundry and machine-shop products
262. 0
187 8
194.7
211 2
' 250.3
202.8
186.0
191. 4
249.8
1923-25=100..
219.3
234.9
227. 3
241.9
0)
553. 4
509. 1
Machine tools * _ _.
.
do
0)
0)
f'!)
0)
0)
0)
(0
0)
309. 3
261.7 !
234. 0
Radios and phonographs
do
286. 3
254.4 I
267 0
283.3
284.4
270 ft
292.2
' 293.1
290. 7
(i
185.9 j
182.6
Metals, nonferrous, and products
do j 231.3
192.1
185.6 i
'218.3
' 213.8
Ts2.
M08.0 !
' 210.1
' 223. 5
208. 4
267.6 I
273,6
0)
Brass, bronze, and copper products, do j (0
270.8 |
261. 0
0)
0)
0) I
(!)
(') 1 103.7
0)
105. 3
109. 5 i 105. 8
' 104. 6
104.2
Stone, clay, and glass products
do_.
105.4 !
106. 6
' 105. 6
98.0 |
100. 2
102.3 !
r
72.5
77.0
75.8 i
72. 6
76.2 '
72 9
Brick, tile, and terra cotta
do..
73.
0
65, 2 ',
72.4
68.
6
'71.9
104. 9
66.7 j
157. 8
155. 4
Glass
do.
160.5 |
173.7 !
100.. 6 ! 165.6
171.1
16S! 2
166.6
165.3
' 156.1
' 143. 3
i
r
164! 6
Revised, i Included in total and group indexes, but not available for publication separately.
2 Not comparable with earlier data owing to change in active file definition. Registrant must now indicate availability for referral at least every 60 days and must be
unemployed or, if working, must be in nonessential activity or working below highest skill in essential activity. Counts will now be made in middle "of alternate months.
§ Data are a weekly average of the number receiving benefits, based on an average of the weeks of unrjupbyment compensated during weeks ended within the month.
JTotal includes State engineering, supervisory, and administrative employers not shown separately; see note on p. 27 of the May 1941 Survey.
{Revised series. Telephone and telegraph indexes revised beginning 1932, other indicpte'l nonmanufp.cinnnp employment series beginning* 1929; see p. 17 of the April
1940 Survey, except for indexes for street railways and busses beginning 1932, which were subsequently revised ws shown in table 27 p. 17 of the May 1940 issue. Indexes
beginning 1923 for Ohio construction employment are shown in table 8, p. 18 of the March 1942 Survey. For revisir n in series on placements see note marked " j " on p. S-10
of the April Survey; comparable earlier data not published in that issue are available on request. For revisions in pay-roll index for all manufacturing and durable goods for
1938
and 1939, see table 12, p. 18 of the March 1941 Survey.
http://fraser.stlouisfed.org/
•New series. For pay-roll indexes beginning 1923 hv machine tools, see table 40, p . 16 of the October 1940 Survey,
Federal Reserve Bank of St. Louis
s-ii
SURVEY OF CURRENT BUSINESS
October 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
1941
Se
1942
Octo- i Novem- Decern-
P*
Janu- i February
ary
March
April
May
June
July
r
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Mfg., nnadj. <U. S. Dept. of Labor}—Con.
Durable goods—Continued.
Transportation equipment!--1923-25=IOC
Aircrait* ...
_
._...
do_.._
Automobiles
_.
„
.do.._
Shipbuilding*..
-__-do___
Nondurable goodst-------_.do__.
Chemical, petroleum, and coal products
1923-1925=100.
Chemicals
,_
_do..._
Paints and varnishes..
do...
Petro]eum refining
do
Kayon 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 sppare!
_
...do...
Tobacco manufactures
elo
[Manufacturing, unadj., by States and cities:
State:
Delaware..
_.
1923-25=100.
Illinois!
_1935-39 = 10C
Maryland..
_
1929-31 = 100.
Massachusetts
__ .1925-27 = 100.
New Jersey
.1923-25=100.
New York!
.
1935-39=100.
Ohio*
....
do...
Pennsylvania.
1923-25=100.
Wisconsin!
1925-27=100City or industrial area:
Baltimore
.1929-31 = 100.
Chicago!
1935-39=100..
Milwaukee
.1925-27=100 _
New York!
1935-39=]00.
Philadelphia
1923-25-100.
Pittsburgh
.
do...
Wilmington
do. _..
Nonmfg.. unadj. (U. S. Dept. of Labor):
Mining:
Anthracite
1929=100.
Bituminous coal
do
Metalliferous
do___
Crude petroleum producing
do
Quarrying and nonmetallic.—_.
do...
Public utilities:
Electric light and power!
do__.
Street railways and busses!
do___
Telephone and telegraph!....
.do...
Services:
Dyeing and cleaning
do...
Laundries
do....
Year-round hotels
....do....
Trade:
Retail, total!
..do...
General merchandising!
__do_._
Wholesale
...
....do...
i
| 252.9
282. 5
288. 5
ill, 145. 8 12,2S6. 0 13,182.6
I 159.3
176.6
175.8
I 708.8
803. 4
829.1
139.5
139.6
137.4
i
196.2
197.7
188.5
181. 5
261. 4
217.2
250. S
265. 6
173.8
171.5
169.9
172.2
168.0
] 59.. 1
166. 4
167. 9
386. 4
Si'8. 2
374. 3
385. 2
163.0
165.5
170.5
157. 7
157.6
155.2
157.4
159. 7
151.1
145.8
153.7
100. 5
104.7 I 101.6
S7.0
300.7 I
95. 3
88.4
93. o
330.9 I 133.3
137.5
135.9
]f>2.7
163.0
166.9
165.4
134.8
140. 6
138.8 I
138.0
117.6
31/}. 4 j 107.3
111.8
123,4
118.3
122.4
114.4 I 118.0
138.9
120.2
109.8
i : i . 7 ! 126. 3
119.2
77.1
75.6
70.0 I
70.4
291.7
224.4
0. 303. 0
139.2
611.6
1&6.3
0)
147.9
0)
141. 3
203.0
331.8
0)
153. 6
(0
139. 0
340.0
212.3
279. 3
176.6
178. 3
391.3
150.7
3 59.6
162.6
113.3
107.6
135.1
174. 2
127.4
101.7
126. 9
123.7
125.5
72. 3
0)
135.0
0)
142.1
354.6
(0
132.1
(3)
382.2
411.3
' 438. 3
131. 3
0)
136. 2
0)
0)
142.2
0)
0)
0)
477. 4
0)
' 147. 9
0)
144.8
146.4
159.7
117. 2
132.2
134. 8
175.6
132.4
106. 4
129.2
124.8
129. 9
70.6
222. 8
r
293.7
177. I
178.2
389.6
152. 9
160. 2
162.3
115.7
110.4
133.2
372.3
126.1
106.3
128.9
126.8
125. 2
73.6
225.8
302.9
176. 3
179.3
392.9
160.3
166. 3
169. 7
132.6
106.7
131.9
170. 8
132.4
112.5
128. 3
128.7
119.6
73. 3
' 227.4
307.7
169.7
182. 0
397. 8
' 170. 1
' 174. 9
' 184, 2
' 109. 7
r
103. 3
' 130. 5
' 168. 6
'137.5
118.7
123.2
129.0
' 104. 2
77.5
'150.5
'r 230. S
313.4
' 161.6
386.5
r
392. 6
' 186. 5
' 182.0
r
188.1
'110.2
'• 103. 4
'128.4
'T 162. 3
145. 6
r
130. 4
' 124. 3
'r 129. 9
105. 6
"78.5
144.3
239.4
' 288. 3
179. 3
179.6
394.4
150 5
146. 6
76. E
205. 3
278.0
172. 5
171.1
392.4
154.7
158.2
382. 3
107.3
101.0
136.6
171.9
127.4
103.0
319.7
122.0
107.8
72.6
236.0
109. 5 j
178.7 I
207.9 I
110.9 I
17J.0
184.3
190.4 I
131.1 i
Ifi3.8
173.7
180.5
215.2
121.3
189.3
194.5
190.9
131.2
164.6
169. 5
183.7
224.5
120.7
188. 5
190.0
195. 7
136. 2
173.2
171.9
181.7
221.4
119. 5
190.0
186.7
194. 9
135. 2
170.5
182.4
188. 4
234.0
125. 7
198. 5
194.2
202. 8
139. 6
172.9
187. 9
188.4
241.0
129.3
205. 3
197.8
203.6
139.4
175. 2
188.7
192.4
251. 5
132.6
210.2
210.0
210.9
144. 7
1S2. 2
193.8
194. 3
259.7
136.4
219.2
216.4
223. 3
146.8
18S. 1
199.4
195. 9
276.7
137.6
224.2
217.9
227.4
148.9
191. 3
214.2
198.6
279.5
141.4
230.0
219.4
233. 5
151.1
197.8
' 220.0
200.0
285.3
142.1
' 230.2
212.0
' 239. 6
r 154. 6
206.4
' 233. 2
201.2
' 307. 0
140. 9
' 234. 3
220. 3
245. 6
' 153. 8
206.0
TIO.L
712.8
1H.8
ify.7
157.9
mil
146,3
i-m.o
220,9
177. S
168.2
170.2
144.0
143,6
145. 9
229. 6
180.3
175.0
157.3
149.9
150.6
149. 7
226.9
179. 9
173.8
150.9
151.8
149.8
153.8
240.4
386.9
180.2
358.7
159.0
153.1
163.2
247. 5
389.1
182. 0
156.7
160. 6
153. 3
169. 2
256.0
189.1
187. 0
176.6
168.6
157.5
169.4
263.8
193.0
195.0
183.1
174.6
158. 4
173.9
281.3
192. 5
204.4
181.4
179. 2
159.5
178.1
282. 2
193. 5
216.2
175.7
184.6
161. 8
190.3
288.1
196.4
222.7
156.8
190.3
' 165.4
196.0
' 305.1
200.1
229. 2
166.1
' 197. 7
' 160. 9
' 206. 6
48.1
120. 5
105. 4
63. 2
66.8
51.1
117.3
85.4
61.5
59.3
49.6
115.5
85.9
64.4
60.5
49.2
122.6
88.3
64.4
61.5
41.8
116.3
89.8
64.2
57.5
35. 9
119.9
93.7
64.6
55.8
39.4
117.1
94. 3
64.8
48.9
49.6
118.2
98.4
64.8
52.0
50.9
116.9
99.1
62.6
54.4
44.7
138.3
99 1
63! 2
58.1
51.5
122.1
100.8
62.0
63.0
'55.8
136. 2
102.0
63.1
65.1
45.5
114.0
' 101. 6
' 62.6
'65.9
112 6
93! 7
126. 8
115.1
78.6
116.4
115.0
78.1
117.3
115.2
78.2
118.3
115.2
SO.O
122.9
114.6
80.5
120.9
113.7
83.7
120.9
113.5
84.7
121.8
113.5
84.4
122.2
133. 6
86.8
125.0
' 113. 2
89.4
125.3
'113.0
'90.9
' 126.0
105. 6
116.9
97.2
92.1
104.7 I
88.2 j
99. 5
105.2
90.0
115.7
78.4
117.0
98.5
103. 4
91.9
93,0
101.9
S3.2
88.6
102.6
93.3
86.5
103.8
91.5
85.6
102. 5
92.6
92.7
104. 3
91.6
105. 7
108.6
93.5
113.1
113.8
95.4
117.7
115.2
'96.6
' 115. 2
' 117. 2
96.3
91.4
104. 3
91.3
94.0 i
99.3 I
89.8
95.8
106. 6
£0.9
97.3
110.9
92.0
98.5
117.8
91.6
107.8
151.1
S2.8
94.6
105.7
91.8
93.9
104.1
93.7
93.7
105.2
93.9
93.6
108.0
92.2
94.0
108.5
91.7
93.4
109.0
91.0
92.0
105.3
'91.3
35.10
32.06
36.82
35.65
32.89
37.92
35. 74
32.79
37. 63
36.08
33. 70
38.62
37.47
35.11
40. 91
37.53
35.71
41.53
38.14
36.11
41.94
38.68
36. 63
42.57
39. 00
37. 46
43. 41
r
39. 52
' 38.00
' 44.02
39. 76
38.52
44.61
U'2 V
!' ". 1
J S5. i,
202.2
>«;r o
21.?. I
271.7 I
175.9
173.9
893,2
157.2
157. 5
168.9
306.7
99.5
144.1
169,8
136,9
108,6
122.1
123. 7
111. e
im.6
WAGES
Factory average weekly earnings:
Natl. Ind. Con. Bd. (25 industries).-dollars..
U. S.Dept. of Labor (90 industries)
do
Durable goods
do
Iron and steel and their products, not including machinery
dollars. Blast furnaces, steel works, and rolling
mills—
»
-—(iollars.Hardware...
.do
Structural and ornamental metal work
dollars.Tin cans and other tinware
...do
Lumber and allied products
do
Furniture..
_.
do
Lumber, sawmills
do
Machinery, excl. transp. equip
do....
Agricultural implements (including
tractors)
dollars. .
Electrical machinery, apparatus, and
supplies
.
..-dollars..
Engines, turbines, water wheels, and
windmills....
dollars..
Foundry and machine-shop products
dollars...
Machine tools*...
do..._
Radios and phonographs
do
|
34.10
31 66
36. 55
.....
36.07 I
35.60
36.4.9
36.41
36.99
37.31
38.32
38.89
38.99
39. 68
' 39. 82
40.40
38.81 I
31.42 I
37. 81
31.35
38.63
32.29
40.85
' 37. 77
41.64
38.40
39.95
28.16
24.94
26.46
23. 20
43.49
40.65
28.97
25.33
26.75
23.47
44.34
40.22
' 35.84
40. 85
29.21
25.71
27. 26
23.97
44.56
40.91
37.22
37,59
29.56
25.12
26. 62
23. 22
39. 23
39.13
' 32.94
38.00
29.64
23.80
25.47
21.77
43.00
40.67
' 34.66
36,51
28.92
24.47
26.03
22. 72
38.47
39.26
31.90
36.89
28.89
24.30
26. 61
21.48
40.67
40.23
\33. 67
36.92 1
28. 42
24.68
25. 49
23. 49
38.19
39.06
32.07
34.89
27.39
24.12
25. 95
21. 79
38.96
41.14
29.26
26.66
28.05
25.05
45.41
41.63
' 29. 77
' 27. 35
27.89
' 26. 26
'46.03
41.66
30.43
27. 31
27.86
26.11
46.03
36.31
37.12
37.46
36.72
35.96
38. 28
39.82
40. 61
40.93
42.55
43.07
42.36
37.41
37.24
37.78
37.16
38.90
40. 68
41.10
41.52
41.80
42.21
42.62
42.57
46. 96
47.59
55.58
57.31
56.20
56.16
' 55.92
56.74
37. 72
43. 53
28.32
37.77
44. 74
29.25
41.09
48.82 I 50. 81
32.01 I 32.17
41.98
50. 87
32.84
42.90
51. 43
33.88
43.49
50. 79
34. 31
43.91
52.24
35.33
44.71
52.47
36.50
44.46
51.58
36.77
i
49.41
51.76
38.84
45.54
29. 42
38.00
45.17
30.03
i
S-12
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 1942
1941
1942
September
August
Oetober
1942
Novem- December
ber
Janu-
February
March
May
April
July
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—Continued
Factory average weekly earnings—Continued.
U. S. Department of Labor—Continued.
Durable goods—Continued.
Metals, nonferrous, and products.dollars._
Brass, bronze, and copper prod...do
Stone, clay, and glass products
do
Brick, tile, and terra cotta
do
Glass
do
Transportation equipment.
_,do
Aircraft*
do
Automobiles
do
Shipbuilding*
do
Nondurable 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
B a k i n g . . . _.
___do..__
Slaughtering and meat packing..do
Leather and its manufactures
do
Boots and shoes
.
do
Paper and p r i n t i n g . . . .
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 hourly earnings:
Natl. Ind. Con. Bd. (25 industries)
do
U. S. Dept. of Labor (90 industries)
do....
Durable goods
do
Iron and steel and their products, not
including machinery
dollars..
Blast furnaces, steel works, and rolling
mills
.dollars..
Hardware
.
____do
Structural and ornamental metal worfcj
dollars..
Tin cans and other tinware
do
Lumber and allied products
do
Furniture
do
Lumber, sawmills
do
Machinery, excl. transp. equip
do
Agricultural implements
(including
tractors)
dollars.
Electrical machinery, apparatus, and
supplies
dollars..
Engines, turbines, water wheels, and
windmills
dollais..
Foundry and machine-shop products
dollars..
Machine tools*
do
Radios and phonographs!
....do
Metals, nonferrous, and products. _do
Brass, bronze, and copper products
dollars..
Stone, clay, and glass products
do
Brick, tile, and terra cotta
.do
Glass
do
Transportation equipment
do
Aircraft*
.do
Automobiles
do
Shipbuilding*!
do.._.
Nondurable goods
do
Chemical, petroleum, and coal products
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 tubest
do...
Textiles and their products
do...
Fabrics
do__.
Wearing apparel
do._
Tobacco manufactures
do..
Factory average weekly earnings, b y States:
Delaware
1923-25=100
Illinoist
...1935-39-100..
Massachusetts!
1925-27-100.
New Jersey
1923-25=100..
New Yorkf
1935-39=100
Pennsylvania
1923-25=100..
Wisconsinf
1925-27=100
144.3
150.9
146.5
185.1
157.0
159.8
157.8
39.17
27.98
25.30
29.28
41.23
38.08
41.09
46.47
25.38
35.22
38.65
28.28
25.27
30.19
41. 72
38.23
41.72
46.82
25.78
35.09
38.24
29.38
25.71
32.16
43.60
39. 29
44.32
47.84
26.11
34.74
37.79
28.49
25.13
30.97
43. 00
39.84
43.84
45.90
26.11
36.72
40.81
29.21
25.72
31.75
43.74
42. 50
40.97
49.19
26.91
38.19
43. 54
28. 04
24. 62
30.80
49. 29
46.78
49. 86
52,42
26. 95
38.47
43.62
29.77
26.10
32.15
49. 31
44.97
48.92
53.38
27.35
40.01
39.16
44.56
43.77
30.00
30. 02
26.71
26. 52
32. 08
32.10
49.71
48.95
45.63
45.24
50.29
49. 34
<• 52. 28 '53.28
27.78
27.68
'40.39
'44.73
'30.59
27.07
32. 99
' 50, 00
'40.45
50.08
33.78
36. 57
32. 65
38. 57
28.60
26.33
28.06
30.31
23.97
22.90
32.04
31.18
33. 78
39.17
21.04
20.63
22.18
19.37
34.12
36. 58
32.56
40.14
29.29
26. 56
28.32
30.63
23.71
22.35
32.34
31. 17
32.65
36. 19
21.73
21.38
22.68
20.00
34.99
37. 66
33. 33
40. 33
30.42
27.14
28.18
31.16
23. 59
22 07
32.66
31.73
33. 54
37. 92
21.91
21.80
22.21
20.36
35.21
37. 89
33.30
40.33
30. 50
27.40
28.81
30.77
23.16
21.45
32.98
31. 98
34.37
39.71
21. 56
21. 66
21.28
20.45
36.14
38.74
34.13
41.74
31.13
28.28
28.84
31.82
24.87
23.36
34.02
32.40
33. 50
37. 35
22.29
22.46
21.79
20.65
36.17
39.18
33.88
41,09
31.71
29.. 06
29. 30
33, 02
25. 08
23. 64
33.34
32.82
34. 55
40, 05
22.14
22.32
21. 59
20.76
36. 45
39.02
34.66
42. 64
31.95
28.56
29.41
30. 70
26.16
24. 86
33. 45
33.28
34. 88
40.62
22. 94
22. 73
23. 52
20.05
37. 04
36. 04
• 39. 52 • 39. 97
35. 25
35.34
42. 57
41.97
32. 15
32. 05
29.18
28. 94
29. 52
29. 48
31.49
31.04
26.57
26.55
25.21
25.32
33. 45
33.68
33.50 I 32.84
36.32 | 35. 91
42.27 i 42. 55
23.25 | 23.37
22.90 | 23. 20
24.23 I 23.85
19.72 I 20.82
' 37. 93
'41.06
35. 90
12.07
32.13
' 29. 90
.828
.745
.830
.845
.758
.843
.853
.770
.853
. 860
.781
. 865
.868
. 787
871
. 878
.801
.880
.803
.894
. 904
!
I
!
.
!
!
!
30. 4'1
3 i. 87
42. 01
40. 70
29. 68
' 3S. (Hj !
• \L 21 I
3S. Ml
42. 19
3.3. 13
•l.i. !0
32. 20
30. 22
3L5o
M. OJ
IV,. 40
'J!. ."1
33. 77
33. >.)9
39. !7
40. 24
II j
' 30. 29 I
-31.31 i
•
21.84 j
' 33. .")M !
r
44.0.",
23. 70
23. 7(i
23 7*>
21.2,1
%
%
\
' 24. 4* !
'33. 70 !
' 33. ] 1
' 3\2!
-H. 42
40. 27
49. 79
5."). 19
28. til
24.0(1
22. S 9
22. 11
.S88
.809
.899
.896
.819
.910
.909
.916
.926
.933
.988
'.746
.990
'.764
.990
'. 790
1. 000
'. 809
. 999
'. 824
1. 004
.848
'. 900
r
. 736
. 644
.677
. 020
.942 j
'. 905
'.742
.659
670
. 640
.952
.910
.749
. 660
. 670
. 640
. 959
1.002
1.000
.875
.877
.971
.744
.969
.749
.977
.754
.983
-.741
.837
.669
.588
.608
.573
.844
.846
.683
.590
.617
.572
.850
.852
.708
.598
.623
.578
.863
.840
.707
.602
.637
.573
.871
.703
.602
.638
.572
.875
. 713
.607
. 641
.576
. 906
.892
.709
.613
.649
. 584
.910
S99
! 720
.620
. 655
.594
.918
.926
.938
.950 |
.955
.986 I
.906
.913
.918
1.149
1.146
' 1.149
.943
.757
.884
.900
.944
.770
.897
.910
.965
.785
-.908
'.891
.738
.632
.667
. 606
.930
.917
. 906
. 831
. 923
.968
.736
.986
p
.75O
M l . 23 !
'45.81 I
' 30. 29
' 27. 56 !
'31.49 j
' 5 0 . 10 I
' 40. 02 |
ft). 20 |
• 52. 74 |
28.23 !
.907
.916
.921
.917
.922
.851
.855
.860
.864
.878
1.016
1.017
1.048
1.091
1.092
1.149
1.124
.850
.687
.829
.871
.697
.821
.843
.876
.701
.822
.849
.886
.705
.858
.908
.726
.848
.874
.926
.739
.805
.879
.928
.754
.872
.887
.721
.648
.782
.988
.845
1.055
1.039
.887
.736
.653
.812
1.003
.847
1.079
1.043
.890
.744
.655
.836
1.019
.872
1.091
1.059
.894
.749
.657
.839
1.042
.903
1.116
1.070
.688
.918
.753
.666
.836
1.035
.919
1.107
1.063
.948
. 7.51
.669
. 825
1. 069
.964
1. IBS
1.085
.701
.957
,759
. 675
.830
1.061
.952
1.158
1.091
.702
.970 I
.981
.762 I
.767
.685 j
.689
.826
.834
1.052
1.057
'. 959
-.976
1.136
1.133
1.078
' 1.083
.707
.714
.837
.885
.784
1.025
.728
.658
.672
.766
.615
.590
.824
.725
.861
1.062
.554
.533
.596
.520
.845
.897
.789
1.083
.746
.657
.674
.780
.630
.601
.830
.728
.859
1.046
.569
.551
.602
.525
.861
.921
.808
1.097
.773
.679
.675
.786
.635
.605
.834
.732
.859
1.043
.581
.566
.611
.527
.875
.932
.818
1.109
.775
.695
.688
.794
.644
.614
.841
.739
.870
1.060
.579
.567
.604
.532
.881
.943
.822
1.106
.797
.703
.695
.782
.649
.618
. 855
.747
.875
1.058
.583
.571
.609
.530
.886
.949
. 824
1.107
.800
. 718
. 697
.791
.649
.616
.862
.760
. 887
1.0S5
.589
.574
.620
.881
.950
.831
1.104
.812
.718
.696
.786
.658
.629
.854
.764
.882
1.074
.592
.574
.629
.544
.889
.962
.839
1.104
.812
.723
.693
.791
.663
.633
. 862
.769
.901
1.093
. r»96
.576
.635
.537
.900
.973
.847
1.103
.812
.732
.706
.800
.678
.649
.868
.769
.902
1.084
.599
.583
.632
.554
.917 !
'. 990
.856
1.098
.808
. 741
.717
. 800
.682
.650
.876
. 777
.916
1.090
. 604
. 592
.627
.565
114.7
127.7
118.0
151.9
133.6
136.3
131.4
113. 6
129.2
121.9
156.8
136.5
134.4
130.2
118.7
132.3
120.5
157.1
133.3
139.4
136.7
121.7
130.3
119.4
157.4
132.3
138.6
134.8
128.3
135. 5
125.2
163.9
137. 5
143.0
136. 6
131. 5
137.3
130. 3
169.3
142.4
144.6
140.3
131.6
140.3
131.9
170.3
146.4
148.9
145.0
134. 6
141. S
134. 4
175. 4
148.8
150. 2
147.7
137.2
144.0
134.9
177.7
150.1
151.3
147.7
142. 0
147.9
138. 9
180.5
152.4
153. 6
150.8
. 927
.M0 I
.933 i
.926
r
1.147
1.169
. 921
. 974
.799
'.920
.924
.973
.803
. 935
'. 993 r 1. 000
. 771
.780
.700
-.70S
. 835
'.834
1.009 j 1.071
.989 j -.998
1.142 I 1.137
' 1.091 ' 1 . 0 8 9
.727
.722 i
1.020
.784
. 930
.990 i
. 862 i
1. 102 !
.SI2 I
. 743 i
'.729
'. 800
. 085
. 052
. 880*
' 797
. 920
1.103
.003
. 595
T
139. 9
148. 9
140. 0
180. 9
s52.1
loo. 4
154. 9
.840
1. 091
.997
1.144
1.133
. 942
1. 105
. 865
1. 109
.737
.80!
. 087
. 054
. S93
. SO 9
. 933
1. 109
.0!:'
. 600
'146.3
3 48.4
144.3
' 184.0
154. S
r
155. 4
152. I
f
' Revised.
Kevisea.
{Data for structural and ornamental metal work revised beginning April 1942, for rubber products and for rubberr tires and iinner
i _ tubes
. . _ beginning
_ & _ _ , . , October
^.,>^.,^l i1941
O i i uand again
beginning
IOS and pnonograpns
;inning March 1942, for radios
phonographs beginning February 1942, and lor
for shipbuilding beginning December 1941, on die
the basis of more complete reports.
t Revised series. Indexes ffor Illinois revised to a 1935-39 base; for factor for converting average weekly earnings index on a 1925-27 base beginning 1935, see p. 29 of the
January 1941 Survey. Index for
fOi Massachusetts
iviasisiiuuuavibbs revised
ic v iscu beginning
ut^n-ium^, 1935;
LVOO,earlier
camcidata
uaiawill
wiwbeuepublished
puunsuuuinli-iaUlater
iutv/1issue.
ic
Revised indexes for Wisconsin beginning 1925 will be
shown in an early issue. Earlier
issue.
lipr data
data for
for the
thp New
T\TPW York
York State
8t.at.fi index
indpY will
will appear
annp.ar in
in a
a subsequent
snhspnnpnt. issnA.
FRASER •New series. Earlier monthly data not shown on p. 29 of the March 1941 Survey are available upon request.
Digitized for
SURVEY OF CURRENT BUSINESS
October J942
Sr-13
1942
1941
Monthly statistics through December 1931*, to- ,
gether with explanatory notes and refrr^nces
to the sources of the data, may be found la .he ;
1940 Supplement to the Survey
August
September
October
November
December
January .1 Febru|
ary
!
May
March j April
July
June
EMPI.OVMKNT CONDITIONS AND WAGES—Continued
WAGES—Continued
Miscellaneous wage data:
Construction wage rates (E. N . R.):1
Common labor
_.dol. per hour...
Skilled labor
do
Farm wages without board (quarterly)
del. per month..
Railway wages (avg., class l)_.dol. i»er hour..
Road-building wages, common labor:
United States, average
do
East North Central
do
East South Central
<io
Middle Atlantic
do
Mountain
..
do..__
New England..
do i
Pacific
do I
South Atlantic
do i
West North Central
do J
West South Central
<lo_..-!
0. 753
I. 50
0. 761
1.52
0. 761
1.52
.41)
,65
.37
.59
.63
. 54
.80
. 36
0. 768
1.52
0.769
1.52
0. 776
1.53
0. 780
1.54
0. 780
1.54
0.788
1.54
0.788
1.54
0. 796
1.55
0.803
1.56
.836
47 77
.841
. 860
.840
50 54
.834
.835
.826
56.97
. 825
.53
.67
.41
. 60
.68
.65
.90
.43
. 55
.42
.56
.71
.42
.61
.68
.64
.92
.46
57
.43
.41
.69
.71
.69
.95
.48
.60
.41
141
135
64
49
15
64
49
14
.45
.65
. 26
. t13
.63
. 57
.85
.35
. 55
.40
.43
.69
.37
.59
.62
. 52
.82
. 36
.51
.43
.47
.68
.37
.57
.62
.52
.82
.37
. 52
.*42
.49
.65
. 37
.64
.63
. 62
.89
.40
. 52
.44
162,
157
159
150
18
63
48
20
64
49
19
64
48
19
64
48
17
1
1
2
1
1
8
7
4
3
2
6
2
5
62
5
2
6
62
2
5
56
2
5
50
1
5
47
.49
.60
,88
.37
. 53
. 67
.37
.59
.61
.59
.81
.35
.50
.41
PUBLIC ASSISTANCE
Total public assistance and earmn<2s of persons
employed under Federal work proj?i;imst
mil. of doL.
Assistance to recipients:!
Special types of public assistM'ci- _ do
Old-age assistance*
. . . . . . . ('o...
General relief
. . . . . do...
Subsistence payments c M jiled by t]..-- 1'jirm
Security Administration . mil. of <',,] _
Earnings of persons employed uiu'.er I1 >)• ;al
work programs:
Civilian Const rvation Corps .ir.il. w '\<:1.
National Youth Administration.
Student work program
<.o ..
Out-of-school work; program.__ _ . oo ..
Work Projects AdmiviistraL'on.. _! . rio...
Other Federal agency projects : ii.u;crj<I
from emergency fur.dst - - mil. of d.,1
Earnings on regular Federal t-oi.t ?iuc-i i*- ii
projects*
n,;; of«i. *_.
160
47 I
(o)
8i
61 i
60
1 j
1
130 !
137
(•)
157
58
(•)
(»)
(a)
r
(•)
(*)
(a)
166
186
194
237
287
314
197
154
103
52
43
381
190
144
92
53
46
388
183
146
89
57
37
384
177
139
86
53
38
373
174
133
82
51
41
354
163
122
78
44
41
315
156
119
77
42
38
305
2, 873
2,343
1, 753
590
130
2,878
2. 332
1, 746
586
129
2,876
2,311
1,731
580
125
2,887
2,296
1,721
575
121
2,869
2, 288
1,715
572
114
2,864
2,274
1,706
568
115
2,868
2,274
1,706
568
117
FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mil. of doL.
Held by accepting banks, total
do
Own bills
do
Bills bought.
do _
Held by others®
do
Commercial paper outstanding
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Adm.:
Total, excl. joint-stock land bks.t-.mii. of GoL_
Farm mortgage loans, total
do
Federal land banks
do
Land Bank Commissioner
do
Loans to cooperatives, total
._ do. _.
Banks for cooperatives, incl. central
bank
m i 1. of c 1 o 1 _ ..
Agr. M k t g . Act revolving fund
do
139
108
71
37
197
148
100
47
50
354
177
131
85
46
46
371
185
138
90
47
47
378
194
144
93
51
50
387
375
975
426
804
622
99
2,954
2,411
1,795
616
111
2,924
2, 395
1,786
610
119
2, 906
2, 380
1,776
604
128
2, 891
2, 361
1,754
597
133
194
146
92
94
111
101
109
110
106
102
99
101
104
104
83
133
16
J6
12
12
17
17
16
17
16
16
13
13
lfi
400
469
410
398
397
477
431 j
417
440
470
468
475
Short term credit, total!
do
450
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.,
prod, credit ass'ns, and banks for
226
225
235
247
258
220
257
260
°fcr> j
261
cooperativescf
mil. of do!...
39
3°
38
40
47
Other financing institutions.. do_._
41
43
44
"45
47
194
249
187
188
191
Production credit associations.
do....
203
219
245
241
248
7
6
Regional agr. credit corporations..-do
4
4
4
4
4
118
121
118
130
Emergency crop loansf
do
117
122
127
130
131
129
48
48
46
Drought relief loans
do
48
47
47
47
47
47
4)
32
35
Joint-stock land banks, in liquidation., do
33
26
3?
30
29
28
27
44, 275
41,164
Bank debits, total (141 cities)
do
51, 731
, 659
37,785
44,820
42,474 r 44, 226 T 46, 086
16,077
17,247
New York City
'
do
20. 588
14. 242 17, 056 16. 023 16, 985 r 17,394
,110
25, 087
Outside New York City
do_
31,133
27, 028
, 549
23, 543 27, 764 26, 451 ' 27, 241 28, 292
Federal Reserve banks, condition, end of mo.:
24,192
24, 322 24,187
24, 672 r25,139
24. 288
24 211
24,353
24,359 24,468
Assets, total
'.
mil. of dol_.
2,312
2, 369
3, 245
Res. bank credit outstanding, totaL ..do
2, 361
2, 412
2,355
2,468
2, 634
2, 775
1
h
6
4
Bills discounted
.__.(!<>
3
4
5
9
7
7
3 r
2 181
2,243
United States securities
do
2, 254
2,184
3,153
2.
262
2,
244
2.357
2,489
2,645
r
?0, J: 11
)71 I 2 », 7 1 20, 902
20,764
Reserves, total
do
20, S22
20.846
20, 821 20i824 20, 799 20, 830 20,802
1
2(, 572
20, 533
20.504
iU
20, 569
Gold certificates
do
20,515
20, 495 20,510
20, 522 20. 566 20, 546
24, 353 24, 288
24,192
Liabilities, total
do - I ~
24. 322 24,187
24. 359 24, 468 24', 672 25,139
I
\
1(
6
14,715
14,678
15,213
Deposits, total
do
14,
441
14,208
14,204
14,094
13, 957 14,159
3 I
12, 80
12,927
12.450
13,140
Member bank reserve balances.
do
12,619
12, 575 12, 658 12, 405 12, 305 12,492
r
4 T
, it)1)
i, 085
3.828
3, 347
2,130
Excess reserves (estimated)
do
2, 969
3, 073
2. 791
2,486
2, 362
7.2 \
8, 192
7. 669
8, 303
9.721
Federal Reserve notes in circulation.. do
8. 559
8, 635
8,821
9. 071
9,376
91 2
90.8
91.0
87.1
91 0
90.8
Reserve ratio
percent._
90.6
90. 9
90.4
89.8
89.3
11
' Revised.
« Less than $500,000.
•Nonr 1ho ' 1 v F c i m> .
IConstruction wage rates as of September 1, r ' 1_ a i ir >" I»1 >o « i u . «•'« lUd h r n r , $1.59.
§Figures for special types of public assistance i7iii c T'r^'r l't t \i ii < i the ' o l t of > capitalization and burial. The cost of medical care is also excluded beginning September 1940; this item is included in ali earlier data m m u n\ rein in ii f *v Tor Ti ly IU37-August 1940 on special types of assistance.
cfTo avoid duplication these loans are exclu \ d fn m flu < * 1
fRevised series. Total public assistance and o t h u K
, M < ' let*<> f iirincr d from emergency funds" revised to exclude earnings on regular Federal construction
projects and also on projects financed from Recoi 'rue Mor 1 i / (i <o p ? th >Ti lunfu revised data beginning January 1933 will appear in a subsequent issue. For revisions
in data on emergency crop loans published in tN Si^vt v s no ,,0 tl "- • Ti ml * r 191u i^ ue, see note marked " t " on p. 76 of the February 1941 Survey,
*New series. For data beginning. 1933 for old age as-latara e, see lab'e 56, p 17 of the December 1940 Survey. Data on earnings on regular Federal construction projects
Digitized forbeginning
FRASER
January 1933 will appear in a later issue.
S-14
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1938, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement tu the Survey
October 1942
1941
1942
Novem-j December I her
Jan iiar v
February
March i April
July
FINANCE—Continued
B ANK1N G—C ontinued
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 d o —
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, t o t a i - d o —
Bills J
.
do—.
Bonds
,
do_-_.
Notes
do
Obligations guaranteed by 17. 8. Government
.mil. of doL.
Other securities
do —
Loans, total
do
Comrnerc'l, indnst'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:*
By credit unions:
Loans made
do
Repayments
.
do
Amount outstanding, end of month..do
By industrial banking companies:
Loans made.™
do
Repayments.
.
do
Amount outstanding, end of month..do
By personal finance companies:
Loans made
___."_
do—
Repayments
do
Amount outstanding, end of month..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..
Com'l paper, prime, 4-6 months
do....
Time loans, 90 days (N. Y. S. E.)__do—.
Average rate:
Call loans, renewal (N. Y. S. E.).__do—II. S. Treasury bills, 3-mo.*
do
Average yield, U. S. Treasury notes, 3-5 yrs.:
Tax-exempt
percent..
Taxable*
_„„._....
do
Savings deposits:
Savings banks in New York State:
Amount due depositors...
___mil. of doL.
U. S, Postal Savings:
Balance to credit of depositors
do
Balance on deposit in banks—
.do.._.
27, 217
24,349
24, 277
24, 258
24, 324
23, 650
24, 747
24,712
24,197
25, 358
25, 483
25, 502
26, 670
|
26,818
1,806
1,511
5,134
23,719
1,876
591
5, 445
23, 894
1, 906
580
5, 448
23, 662
1,889
653
5 459
23. 814
1, 780
826
5,410
23. 993
1,721
.1,475
5,308
24, 206
1, 820
1,451
5, 259
21. 595
1,804
1,671
5,205
23, 673
1.916
1 809
5.. 137
24. 636
2,C96
1, 506
5,128
5,019
115
8, 681
24, 075
18, 485
4.512
11, 220
2, 753
5, 268
.156
9, 355
18, 335
11,251
1,019
7, 949
2,283
5, 267
160
9, 069
38. 101
10, 982
785
7,917
2,280
5, 285
153
9,357
18, 379
11.318
797
8. 277
2, 244
5. 232
155
9, 405
18, 432
11,800
990
8, 342
5,172
173
9,040
18.715
12,085
883
8, 667
2. 535
5, 058
181
9, (188
19, 087
12, 089
1,240
9, 087
•}, I "
5, Ot 5
f i
ISO
9, v '>o
K S>
19, *>~>\
1( "
13, l.->2 1J, 70"
, JOD
r ~ i
9. r )M
2, .^7
r,i
4 , ' 2<J
2,095
3, 495
10, 382
6,282
313
493
3,316
3, 768
10, 903
6, 222
397
607
3, 319
3, 800
11.024
6,447
397
494
3.330
3,731
11,203
6,554
419
533
2, 922
3, 650
11,259
93 |
42S j
548
2, 964
3. 666
11.370
6,722
423
535
2, 709
3, (>b0
11,255
6, 778
424
448
f\ '.102
422
471
381
1, 230
26
1, 657
436
1, 256
45
l?940
428
1,257
39
1,962
431
1, 265
37
1,966
427
1, 256
38
1,969
422
1, 259
35
1,974
409
1, 248
410
1,1,0
1,911
1,600
1,878
16.0
23.0
160.4
29.6
27.0
222.4
24.0
25. 9
220.5
25.2
28.0
217. 7
23.0
26.2
214.5
25.0
28.1
211.4
17. 9
29. 9
199.4
18.6
25. 6
192.4
19(13
19.3 |
25. 3 |
184. 3 |
18.0
24. 5
177. S
172! 7 |
33.4
41.3
245. 5
46.1
46.1
309.1
38.4
42.4
305.1
43.0
45.1
303.0
40.8
44.1
300.3
44.9
47.6
297,6
38. 3
46.0
289. 9
34.8
39. 7
285.0
42.3
45.4
281.9
36. 9
41. 7
277.1
26S. 2
43.5 j
200.
60.3
75.8
465 5
86.2
81.3
536.0
68.0
74.0
530.0
76.3
79.8
526.5
81.4
81.2
526.7
103.1
94.4
535.4
65. 9
64.1
70.0
520.7
84. 9
84.4
71.4
76.0
516. 6
70.4
503. 7
r
07.
62. 9
8.3 I
»• 75. 0
493.1 ! T 481.0
1.00
4.00
1.50
1.98
2.62
3.29
1.00
4.00
1.50
1.00
4.00
1.50
1.88
2.45
2. 99
1.00
4.00
1.50
1.00
4.00
1.50
Me
1.00
4.00
1.50
Me
Yi
V/i
Ui
1.00
.370
1.00
.108
1.00
.055
1.00
.049
1.00
.242
1.00
1.25
.62
.34
.62
.41
.72
.57
.90
5,427
5,555
5,555
5,554
1,344
22
1,309
28
1,311
28
1,317
27
526! 6 |
1. Q0
4. no
1.50
4, n\
1.00
4.00
1.50
25,343 I 26,236
1, S'^S i 1.811
1.442
1,7S2
5.112 j 5,115
4/ ""
4 <>75
J7
i
o j--
?n 77 *
s 44 t
21 f \2
It
>i
l
2, 356
3 7ii
1! i •
Mo
H5i
24, S22
1,971
1, 301
5,109
i 41 i
O|
72(>
& |
It ,
1, 2 '
25. 4
2.48
3.20
I. 00
4.0C
1. 50
1,847
1.00 I
4.00 !
1.50 '
19.6 I
17. 9
23. 6
167. 0
36.0 I
1.00
4.00 I
1.50 I
F
' 33. 7
Ml.O
253. 4
3.34
1.00
4. 00
1. 50
Me
IK!
m
1.00 I
IK
1. 00
. 214
1.00
.250
1.00
. 212
.64
1.02
.47
.96
. 44
.93
i .44
.93
5,541
5, 555
5, 433
5,401
5, 392
5,373 I
5,374
5,422 I
, -ill
1,324
27
1,314
26
1,310
25
1,307
1,305
25
1,306
25
1,307
24
1,316 |
24 i
, :32'J
.299
1.00
.364 i
i.
1.00
.363
COMMERCIAL FAILURESt
698
954
735
809
Grand total
number..
916
898
932
1,048
955
804
47
46
48
29
Commercial service, total
do
59
62
48
42
48
60
76
39
57
Construction, total
do
51
57
63
77
65
63
119
166
123
138
Manufacturing and mining, total
do
167
146
1.59
141
188
146
134
5
3
5
Mining (coal, oil, miscellaneous)
do
3
4
4
4
5
4
(;
5
5
7
8
Chemicals and allied products
do
15
11
6
8
8
4
5
4
23
46
42
39
Food and kindred products
..do
39
25
39
31
36
23
17
43
5
8
7
4
Iron and steel products.
do
1
4
5
4
3
7
4
12
3
Leather and leather products
do
5
5
6
5
4
8
10
10
11
Lumber and products
do
18
12
11
19
13
18
20
25
8
7
7
8
Machinery
do
5
7
3
8
11
10
12
18
4
Paper, printing, and publishing
..do
13
14
15
13
15
18
IS
20
24
2
5
3
3
Stone, clay, and glass products
do
3
3
3
1
3
3
4
31
17
20
Textile-mill products and apparel
do....
23
42
33
24
44
29
23
20
36
2
2
2
Transportation equipment
do
2
1
2
3
2
3
15
21
20
12
Miscellaneous
.._.
do
24
19
23
25
19
18
17
460
585
405
516
Retail trade, total
.
do....
529
540
604
589
624
650
647
486
67
81
61
69
Wholesale trade, total
do
57
87
81
70 i
85
65
6S
69
6,781
11,134
Liabilities, grand total
tlious. of dol__
9,393
7,333
9,197
13,469
9,631 | 12,011 I
9,916
9, 282
9, 830
9, 906
538
672
Commercial service, total
..do
447
358
448
863
927
589
1,194 1
335
4~i
673
520
1,732
Construction, total
...do
594
577
618
1,161
920 !
851
896
1, 033
1, 175
945
r
Revised.
§For bond yields see p. S-18.
1
No tax-exempt notes outstanding within maturity range after March 15, 1942. Average shown for March 1942 covers only first half of month.
^Includes certificates of indebtedness beginning April 1942.
tR evised series. For data beginning j auuary 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
March 1940 Survey.
1940 Sur
onnevs
on
taxable Treasury notes appear on p. S-14 of the April 1942 Survey.
24
i
14
465
64
the
October 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
S-15
SURVEY OF CURRENT BUSINESS
1942
August
1941
September
August
October
1942
Novem- Decem ber
ber
January
February
March
April
May
June
July
FIN AN CE—Continued
COMMERCIAL FAILURES!—Continued
Liabilities—Continued.
Manufacturing and mining, total..thous.of dol.
Mining (coal, oil, miscellaneous)
do
Chemicals and allied products
do
Food and kindred products
do_-_.
Iron and steel and products
do
Leather and leather products
do
Lumber and products
do
Machinery...
do
Paper, printing, and publishing
do
Stone, clay, and glass products
do
Textile-mill products and apparel
do
Transportation equipment
do
Miscellaneous
-do
Retail trade, total
do
Wholesale trade, total
do
2,249
237
33
421
76
to
207
1G3
341
£3
262
22
384
2,475
669
3,799
56
61
1,503
280
314
165
95
712
55
357
45
156
3,492
1,439
4,189
99
185
2,262
66
37
342
477
103
17
167
7
427
3,239
924
2,879
146
73
1,027
128
117
333
229
142
28
238
269
149
2, 760
729
3,827
328
226
763
84
63
366
203
562
83
628
56
565
3,472
832
5,651
577
254
547
553
159
238
780
206
81
877
2
27, 725
5, 212
687
4, 525
1,362
2,144
26,106
4,851
721
4, ISO
1,585
2,302
26,245
4,882
678
4,204
1,575
2,293
26, 376
4,924
677
4,247
1,558
2,281
17,843
8,888
7,063
4, 409
2,616
l,S20
574
560
15,718
7,047
5,191
4,068
2,748
1,855
1,120
530
15,814
7,092
5,233
4,108
2,747
1,867
1,139
542
16,265
7,391
5,546
4,224
2,763
1,887
815
533
592
729
42
42
364
450
186
237
520, 421 645,046
83, 304 71,6S9
112,240 131,329
324, 877 442,028
245,173
20,732
13,149
56, 423
154, 869
738
62
431
245
699, 549
130,229
128,463
440,827
251,887
21,478
13,828
60, 842
155,739
820
42
499
279
730,327
74, 794
148, 388
107,145
261,865
22,840
14,637
55, 685
168,703
1,377
4,323
1,471
3,550
184
200
1,378
173
99
176
51
70
4
615
100
500
3,641
1,285
2,525
182
73
470
116
119
456
66
214
33
319
22
455
4,232
1,027
3,739
299
22
1,102
166
204
360
191
493
124
427
25
266
4,813
1,369
2,953
48
156
936
64
53
263
58
429
98
316
204
328
3,829
1,132
2,924
234
49
622
95
69
246
63
562
39
623
48
274
4,392
877
3,327
222
118
632
99
63
829
300
403
124
180
78
279
3,752
1,209
2,078
85
177
265
161
18
191
156
224
129
486
9
177
3,950
'1,021
26, 508
4,959
675
4,284
1,541
2,271
26, 662
5,012
675
4,337
1,488
2,255
26, 817
5,023
671
4,352
1,483
2,241
26,928
5,047
672
4,375
1,474
2,228
27, 080
5,071
673
4,398
1,452
2,216
27,209
5,105
681
4,424
1,436
2,202
27, 341
5,134
684
4,450
1,423
2,188
27, 462
5,164
685
4, 479
1,410
2,176
27, 598
5,194
688
4,506
1,400
2,158
16,368
7,439
5, 603
4,238
2,755
1,936
828
541
16,641
7,743
5,908
4,255
2,682
1,961
681
585
16, 528
7,613
5,779
4,309
2, 687
1,919
955
587
16, 706
7,816
5,981
4,304
2,680
1,606
884
589
16, 754
7,830
5,683
4, 351
2,671
1,902
986
601
16,944
8,014
6,156
4,369
2,659
1,902
921
601
17, 391
8,453
6, 595
4,378
2,650
1,910
597
608
17,431
8, 453
6, 592
4, 396
2,630
1,952
712
569
17,415
8,443
6,587
4,405
2,623
1,944
876
555
759
1,193
38
246
470
698
251
349
681,479 1,141,316
89,360 298,817
141,349 186,190
450,770 656,309
247,966 414,137
23,670 90,148
11.949
24,757
53,1P.8 84,397
159,179 214,835
770
33
404
334
955, 353
49,076
119,820
786, 457
295, 827
38, 921
17,842
61, 281
177, 783
677
32
418
227
650,649
50.231
126,492
473,926
272, 778
25, 378
15,040
57, 578
174,782
724
55
456
213
652,459
97,826
140, 735
413,898
291. 538
24,130
18, 789
64, 257
184, 362
721
68
454
200
625,084
124,823
139,022
361, 239
276,007
23,113
14,968
66,272
171,654
705
48
461
196
580,124
87, 773
141,378
350, 973
270, 516
25, 363
14, 466
59,133
171, 524
710
87
425
198
647, 394
161, 061
129,863
356, 470
277,578
25, 654
15, 783
64,014
172,127
66
366
199
620, 728
151, 344
112,917
356, 467
278,011
30,999
16, 297
56,368
174, 347
LIFE INSLRANCE
Association of Life Insurance Presidents:
Assets, admitted, totalf
mil. of dol..
Mortgage loans, total
do
Farm
do
Other..
..-do
Real-estate holdings
do
Policy loans and premium notes
do
Bonds and stocks held (book value), total
nil. of dol..
Gov't. (domestic and foreign), totaLdo
TJ. S. Government
do
Public utility
.do....
Railroad
do
Other._
__.do
Cash
do....
Other admitted assets.
._.
-do
Insurance written®
Policies and certificates, total number
thousands..
Group
do
Industrial
_
do
Ordinary
_
_
.do
Value, total
.thous. of dol_.
Group
do
Industrial
_
__.do
Ordinary
do
• Premium collections, total®
do
Annuities
do
Group
.do
Industrial
_
_
do
Ordinary
do
Life Insurance Sales Research Bureau:
Insurance written, ordinary, total
do
New England.
do
Middle Atlantic
do....
East North Central
do
West North Central
do
South Atlantic
do
East South Central
._
do.-..
West Sonth Central
do
Mountain
_
do
Pacific_
do
Lapse rates
1925-26•= 100..
430, 297 581,171 581,998 658,339 581,692 879,492 1,001,653 634,538 552, 044 462, 761 457,926 463,325
46,258
51,195
66, 292 83,056
51,310 42,030 37,131
34, 683 44,850
45,204
36, 248 37, 029
1C0, 695 147,610 148,781 181,013 158,819 251,633 309,292 175, 355 138, 708 118, 591 114, 230 r117, 577
97, 929 131,895 131,367 152,179 135,360 196, 569 220, 739 141,939 126, 330 106,487 106, 445 ' 106, 796
52,792
59,526
79,864
55, 746 55,457
44,663
53,182 44,931 48, 833 r 47, 660
87, 332 60,218
57,874
66,130
90,218
61,115
44, 285 61,535
91, 272 60, 754 52,173 45,968 44, 679 r 44, 407
23,383
34,154
26, 556 24,845
18,950 17, 758 '19,182
17, 515 24,233
38, 273 24, 742 24,960
45, 507 40,553
64,976
44,577 46, 534 32,604 31, 825 r 32, 247
43,619
32, 785 44,993
67,602
16, 507 13,910
20,480
15,345
15, 624 15,337
12,123
14. 533 11,998 12,188 ' 12, 288
21,694
52, 743 75, 306 82, 393 60, 298 53, 594 46,101
54, 562 61,437
45, 289 54,685
45, 720 * 46,139
459, 499
37, 051
115,844
105, 599
46, 746
44, 696
18, 549
32,199
13,165
45, 650
M O N E T A R Y STATISTICS
Foreign exchange rates:
.298
.298
.298
.298
.298
.298
.298
.298
Argentina.,
...dol. per paper peso..
.298
.298
.298
.061
.061
.061
.061
.061
.061
.061
.061
.061
.061
Brazil, official
dol. per milreis..
.061
.061
.061
.302
.302
.301
,301
.301
.301
.301
.301
.301
.301
British India
__dol. per rupee..
.301
.301
.301
.888
.886
.895
.891
.874
.872
.890
.878
.884
.877
Canada..
dol. per Canadian dol_.
.900
.899
.886
.570
.570
.572
.570
.570
.570
.570
.570
.570
.570
Colombia
__dol. per peso_.
.570
.571
.570
.206
205
.206
.205
.206
.206
.205
.206
.206
.206
.206
.206
Mexico
do
.206
4.033
4.034
4.035
4.033
4.035
4.035
4.032
4.035
4.035
4. 035
4.035
4.035
United Kingdom
_.
dol. per £ . .
4.035
Gold:
22,785
22, 737
22,705
22, 747
22, 687 22,691
Monetary stock, IT. S
mil. of dol.. 22, 756 22, 719 22, 761 22,800
22, 714 22,737 22,744
Movement, foreign:
Net release from earmark* __thous. of doL. -21, 763 -31,202 -46, 786 -32,231 60,913 -99, 705 -38, 506 -109,277 -65, 525 -20,068 -38,196 -14, 792 -24,383
6
5
3
Exports
do
40, 444
36, 979 65,707
Imports..._
do
Production, estimated world total, outside
108, 535 109.935 r111,205 107,940 105,035 104, 510 90, 440 100, 590 i>98,140
U. S. S. R__.
thous. of dol_.
r
92, 504 - 93, 824 94, 951 r 91,657
v 88, 598 P 75,653 85,068 v 82,570 P 83, 213 P81,405 ' 84, 639
Reported monthly, totali
.
do_...
47, 587 47,212 47, 970 46, 637 47, 328 ' 47, 533 ' 44, 462 v 47,655 v 46,392 v 47, 470 v 46, 946 47,615
Africa_
do_._.
16,141
16,353
15,499
15,578
14,746
Canada
do
14,198
13,147
15, 372 14,728
14, 881 14, 877 14, 864
' 17,474 ' 20,868 ' 18,842 ' 19,801 r 16,761 14,982
11,058
10,034
United States
do
10,959
12, 396
10, 807 10,147
Receipts at mint, domestic (unrefined)
fine ounces.. 132, 514 322, 506 385, 350 338,233 324,135 237,660 235,571 134,028 141,110 141,288 138, 846 128, 299 189, 815
10,364
10,163
11,160
9,995
10,640
11,175
Currency in circulation, total
mil. of dol.. 13,200
11, 485 11, 566 11,767 12, 074 12, 383 12, 739
Silver:
207
348
70
Exports
thous. of dol_.
4,221
3, 561
3,356
Im ports
do
.348
.348
.348
.351
.351
.351
Price at New York
...dol. per fine oz .
.351
.351
.351
.351
.351
22,607
21, 808 20,474
21,196
Production, world
thous. offineo z . .
21, 368 20,361
21,657
.348
1,660
1, 625
1,640
1,722
CaDada§
_
.do..—
1,478
1,606
1,613
1,533
18, 352
1, 624
1, 537
6,944
5,973
6,878
5,548
Mexico. _
do_.._
7,211
7,471
7,213
1,681
5,620
5,087
6,277
United States
_._.do_.™.
5,661
4,844
5,285
~5~606~ ~4~948* ~4, 528
4,470
4,429
Stocks, refinery, end of month:
4,631
2,803
1,231
1,947
1,036
4,382
United States..
do—.
3,224
3,152
2,930
2,085
3,270
2,739
v Preliminary.
• Publication of data discontinued.
1:36 companies haying 82 percent of total assets of all United States legal reserve companies.
® 39 companies having 81 percent of total life insurance outstanding in all United States legal reserve companies.
•Or increase in earmarked gold (—).
ISee note marked "f on p. S-15 of the February 1942 Survey in regard to changes that have affected the comparability of the data; beginning April 1941 data included for
West Africa are as reported by the American Bureau of Metal Statistics and include estimates for Sierra Leone and Nigeria, in addition to figures for Gold Coast.
§ Data reported by the Canadian Government; see note marked " § " on p. 33 of the June 1941 Survey.
t See footnote marked "f" on p. S-14.
8
8
S-16
Monthly statistics through December 1989 together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1942
August
October 1942
1941
August
September
October
19425
Novera-1 Decemher ! ber
January
February
March I April I May j June
July
FINANCE—Continued
i
PROFITS ANB DIVIDENDS
Industrial corporations (Board of Governors of
the Federal Reserve System): *
-•381
560
425
550
Net profits total (629 cos )
mil. of dol
53
72
SI
Iron and steel (47 cos.)
do
52
55
35
46
38
Machinery (69 cos )
do
24
60
61
46
.Automobiles (15 cos.)
do
1 60
56
62
» 56
Other transportation eQuip. (68 cos.) do
32
40
36
38
Nonferrous metals and prod. (77 cos.) do
32
18
30
19
Other durable goods (75 cos.)
do
36
44
32
37
Foods,beverages and tobacco (49cos ) do
28
46
35
Oil producing and refining (45 cos ) do
56
-9
52
34
39
Industrial chemicals (30 cos.)
do
29
46
49
39
Other nondurable goods (80 cos.)
do
48
31
32
46
Miscellaneous services (74 cos.)
do
Profits and dividends (152 cos.):
175
284
276
204
Net profits
.
do
Dividends:
24
23
23
21
Preferred
do
221
Common
do
136
170
134
Public utilities, except steam railways and telephone companies, net income (52 cos.) (Fed39.8
eral Reserve Bank of New York) mil of dol
53.0
Railways, Class I, net income (Interstate Comr
138 4
199 2
merce Commission)
mil of dol
1SS 4
98 7
Telephones, net operating income (91 cos.)
58. 6
72.3
66.0
64.1
(Fed. Corn's Com'n.). _ . ___ mil. ofdoJ
Corporate earnings (Standard and Poor's):
* 116.2
107. 4
Combined index, unadjusted®
1926—100
*>85 4
* 124. 8
10*1 2
Industrials (119 cos )
do
* 79.0
84.4
112.6
Railroads (class I)®.
_ do
P58.2
p 143 2
v 127 6
109 0
Utilities (13 cos )
do
PUBLIC FINANCE (FEDERAL)
War program in the United states, cumulative
totals from June 1940: *
97, 768 P ! 1 9 , 3 5 9 *149,732 p]68,769 *168, 769 J>174,384 *218,855
80,604
CS, 207
68,373
Program_._
__ mil, of dol P218, 855
61,663
60,918
65, 039 p 85, 971 »102, 366 "112,265 P121, 996 *>134,094
49, 619
39 650
Commitments
do
56,625
51,441
44,284
20,517 * 22,970 v 26,165 " 29, 736 v 33, 670 ?37, 847 *>42,671
18,220
Cash expenditures§_.
. __do
12, 676
14,431
16,050
11,160
»47, 803
1,001
529
634
634
234
703
901
War savings bonds, sales*
_ _ _ do
266
558
531
697
232
58, 020
60,099
72 422
55,066
53,608
68, 571
62,434
Debt, gross, end of month
do
50,936
62, 464
65,018
77,136
81, 6S5
51,371
Public issues:
50, 551
52? 555
44,! 57
46,401
43,916
60, 591
64,083
47,755
54, 759
68, 469
72,982
Interest bearing
do
54,652
57,196
481
504
487
462
454
556
Noninterest bearing
do
486
442
550
464
479
441
544
Special issues to government agencies and
7, 063
6,064
6, 806
6,982
7,518
7,885
6, 658
7,190
8, 225
8, 202
trust funds
mil of dol
6,170
7 333
7,358
Obligations fully guaranteed by U. S. Gov't:
5, €73
5, 667
6,316
5, 673
4,549
Total amount outstandingcf f
mil, of dol__
6,930
6,929
6, C28
6,317
4, 551
5, 666
5, 666
4, 567
By agencies:<?
1,269
£37
1,269
1, 269
Federal Farm Mortgage Corp
do.....
1,269
1,269
930
930
937
930
930
930
930
2, 409
Home Owners' Loan Corporation f.do____
2, 409
2,409
2,409
1,563
2,409
2,409
2, 409
2,409
2,409
2,409
1,533
1,533
1, 492
Reconstruction Finance Corp. . . _do _
1,492
1,219
2,101
1,802
1, 492
2,101
1,492
1,492
1,216
1,802
2,101
1,216
Expenditures, total t
thous. of dol__ 5,215,418 1,563,712 1,882 011 2,089,336 r1,800,445 2,557,103 2,030,908 2,629,839 3,436,301 3.755,299 3,954,968 4,531,073 5,162,264
4,883.303 1,131,251 '1,329,808 '1,526,455 1,448.288 '1,850,036 ••2,103.475 '2,207.603 2,808,797 3,237,774 3,559,513 '3,828,578 '4,495,157
National defense*
_. _
do.
57,865
96, 930
71,820 112,840 100, 251
31,448
32,456
26, 764
47, 259
29,507
81, 384
65, 699
62, 257
Agricultural adjustment program*
do
93, 504
92, 202
95, 347 114,805
72, 329
70,383
52, 255 105,707 108,493 109,414
91,019
82, OKI
95 887
Unemployment relief*
do
41,540
5
8,750
1,047 249, 325
9,750
45,010
6, 200
15, "353
9, 300
48, 260
22,113
Transfers to trust accountt
do
18, 672
74, 604
31, 737
19,203 390, 243
8, 556 169,359
12,136 204,886
34,843
7,028
15,490 232,446
76, 598
Interest on debt*
do
15,553
1,369
6, 710
7,951
184 r 34,223
2,740
1,070
2,289
1, 500
1,832
15, 392
Debt retirements
do
3, 270
224, 409 2 4 i , w>n '227,685 r 259,278 <• 217, 001 " 222, 673 '251,130 '210.478 ''207,841 r 233,659 230,410 '206,059 '263,464
All other*
_do
Receipts, total
.
do
796,539 553, S33 1,3 36,079 4FS,75S 730,19S 1,214,417 614,084 937. 281 3,547,800 732, 237 764,037 2,493,037 794,118
Receipts, net*
do
587,116 396 510 1,134,93 4 41-5,293 5G3. 949 1,212.303 577, 047 757 976 3,547,109 695,433 562, 666 2,492,259 747,009
39. 559
35,187
36, 114
29,907
32, 926
27 284
29, 608
27 622
24 283
34,040
34 51J
32 386
2 9 173
Customs
do
Internal revenue, total
do ... 74 S, 464 500,' 132 1,076,506 431,294 082, 082 1,159,387 555, 031 879, 417 3,493,082 683. 522 708, 059 2,424.223 742, 077
68, 308
66, 229 767, 098 133,409 282, 506 3,082,027 335, 370 216,135 2,086,465 273, 057
58,074 779,917
Income taxesf
do _ 155,301
41,376
256 955
41,908
48,810 180, 561
231 752 172 698
53,199
37,197
48 576
43 232 222, \ 34
Social security taxes
do
Government corporations and credit agencies:
14, 908
14, 470
14,660
17,962
14,368
15,224
15. 750
17, 343
18, 482
13, 989
13,810
16,656
Assets, except interagenoy, totaL.mil. of doL.
9, 003
9,167
8,864
9,033
Loans and preferred stock, total
do
8,826
9,001
9,059
9,026
8,948
9, 005
9,218
9,005
Loans to financial institutions (incl. pre1,114
1, 079
1,072
1.074
1,060
1.046
1,020
1,029
1,002
1,030
ferred stock)
mil. of dol
1,075
1,076
484
437
498
497
498
500
498
498
497
407
483
502
Loans to railroads
do
2, 430
2,424
2,392
2,352
2,413
2,380
2,344
2,427
2,401
Home and housing mortgage loans do
2,413
2,372
2,357
Farm mortgage and other agricultural
3,123
3,134
3,112
3,100
3,092
3,105
3,152
3,117
3,272
3,076
3,128
3,038
loans
_„
mil. of dol
1, 934
1,996
2,004
1,957
2,042
1.933
2,026
1,690
2,041
2,067
2,067
1,738
All other
do
U. S. obligations, direct and fully puaran1, 027
999
1,021
Q67
1,058
1,060
1,088
1,015
968
1,076
1,097
teed
mil. of doi
1,113
714
689
664
782
792
671
7.51
833
859
698
815
Business property
. . „ .. do
879
1,891
I,9i54
2, 262
1,879
1,625
2,017
3,067
3,512
1,805
1,710
2,717
3,808
Property held for sale
do
2,104
1,889
3,349
2, 308
2,571
1,862
1,500
3,735
1,911
1, 9S0
3,468
All other assets
do
2,830
Liabilities, other than interagency, total
9, 219
9, 765
9,418
9,620
10,306
9,690
10,123
10, 231
10,078
9,275
9,482
mil. of dol
9,776
Bonds, notes, and debentures:
6,324
5, 705
6,324
6,938
6,937
0,937
5,690
5,697
5,688
5,687
4. 568
4,581
Guaranteed by the U. S
do
1,445
1.402
1,416
1,392
1, 434
1,396
1,433
1, 393
1,431
1,442
1,440
1,443
Other
.
. . _
do
2, 049
1,952 1
1,974
2, 325
l f 859
1, 741
2, 497
2, 950
3, 265
2,656
Other liabilities, including reserves .do
3,457
2, in
432
428 I
431
434
427
426
435
430
Privatelv owned interests
do
436
437
438
438
Proprietary interests of the U. S. Govern5, 25G
4,461
5,372
3,633
4,319
3,261
5, 694
6,444
6,828
3,331
8,249
8,562
ment
mil. of dol__
' Revised.
v Preliminary.
^Number of companies varies slightly.
cf The total includes guaranteed debentures of certain agencies not shown separately.
* Partly estimated.
§Revised because of changes made by the Treasury in national defense expenditures. Earlier data beginning July 1940 are available upon request.
fRevised series. Data for total obligations guai
— . . — • • * - . .
, - . , , ,
~
.~
~
to exclude matured debt; earlier data shown in the Su
•New series. The new series on profits and dr
Federal Reserve Bank of New York's series. For a description of the series and earlier data see table 10, p. 21 of the April 1942 Survey. For explanation of the new series on
the war program and earlier data see table 9, p. 21 cf the April 1942 Survey. Net receipts represent total receipts less social security employment taxes which, beginning July 1940,
are appropriated directly to the Federal old-age and survivors insurance trust funds and do nor appear as transfers to this fund under expenditures, as formerly; earlier data on
net receipts and revised data on income taxes appear in table 50. p. 18 of the November 1940 Survey, while earlier data for expenditures and transfers to trust accounts, revised
to exclude transfers to the old-age and survivors insurance trust fond, and data for the new items under expenditures are shown in table 31, p. 23 of the November 1941 Survey,
with the exception of subsequent revisions beginning July 1940 in national defense, unemployment relief, transfers to trust accounts, and all other expenditures which will
appear in a later issue. The series on war savings bonds is from the Treasury Department and represents funds received during the month from sales of series E, F, and G;
earlier data follow: 1941—May, $370,000,000 (includes receipts from sales of series A-D not issued after April); June, $315,000,000; July, $342,000,000.
r
October 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
S-17
SURVEY OF CURRENT BUSINESS
1942
1941
August
September
August
October
1942
Novem- December
ber
January
February
March
April
May
June
July
FINAN CE— Continued
PUBLIC FINANCE (FEDERAL)—Con.
^ Reconstruction Finance Corporation, loans outstanding, end of month: If
Grand totalt
thous. of ciol_
Section 5, as amended, total
do.-.
Banks and trust companies, including
receivers
thous. of doL
Building and loan associations
do.__
Insurance companies
_do
Mortgage loan companies
_.do-_.
Railroads, including receivers
do
All other under Section 5
do..._
Emerg. Rel. and Constr. Act, as amended:
Self-liQuidating projects (including financing repairs)
thous. of doL
Financing of exports of agricultural surpluses
thous. of doL.
Financing of agricultural commodities
and livestock
thous. of dol_.
Loans to business enterprises (including
participations)
thous. of dol_.
National defense under the Act of June 25,
1940*
thous. of ( I d Iota!, Bank Conservation Act, as amended
thous. of doL.
Drainage, levee, irrigation, etc
do
Other loans and authorizations!
do
4,545,009 2,363,687 2,541,142 2,820,257 2,880,470 2,938,413 2,988,673 3,166,009 3,361,947 3.556,094 3,819,280 4,085,264 4,273,373
735,862 737,864 738,058 725, 550 723, 604 734,171 725,943 729, 730 734,696 738, 384 733, 596 734,070 733, 316
67,449
4,705
659
200, 562
461,563
924
89, 787
3,674
1, 651
180,517
460,963
1,482
3, 370
1,532
182, 787
460,813
1,469
85, 310
3,266
1, 389
186, 3F9
447, 771
1,425
82, £
3,161
1,365
187,185
447,510
1,398
79, 887
3,161
830
186,483
462,496
1,315
69,463
2,897
795
189,837
461, 792
1,158
69,117
5,817
752
190,490
462,426
1,128
68, 265
5, 792
725
193, 993
464,842
1,079
67, 514
6,434
714
196, 512
466, 182
1,028
66, 420
5, 817
702
197, 401
462, 316
939
65,803
5, 630
686
198,926
462, 088
937
65, 575
5, 037
669
199,280
401,826
928
17,194
18,124
18,085
17, 737
17, 671
17, 578
17,527
17, 515
17,452
17, 415
17, 382
17, 310
17,195
0
47
47
47
0
0
0
0
0
0
0
0
0
349
437
436
434
434
434
431
431
403
368
368
352
349
142,915
140, 290
139, 465
135,961
134, 278
132,942
149, 603
147, 422
142, 618
145, 654
152, 385
148,591
146,360
2,409,243
409, 626
567,097
664, 087
785, 226
784, 396
853,203
993,473 1,191,436 1,395,212 1,670,157 1,940,499 2,129,933
603, 213
69,357
487, 450
734, 569
77, 243
236,174
731, 979
76, 962
261,058
730,076
74, 343
435, 365
728,639
74,044
405,199
725,482
72,814
451,155
719,873
72,068
451,036
715,121
72, 051
492, 226
2,068
726
' 2, 336
1,345
2, 335
709
708
2,965
809
3,099
' 2, 302
'20
' 13
1,290
37
17
2, 315
19
0
693
16
701
4
2
2, 952
10
3
792
9
7
3,099
0
(a)
' 144
' 48
' 62
28
' 6
2,192
2,131
60
0
164
44
109
10
1
1,181
1,061
118
0
2
78
39
35
4
0
2, 257
2, 216
41
0
(•)
102
47
49
6
0
607
558
49
0
1
121
110
11
0
0
587
531
56
0
0
126
104
21
0
1
2,839
2, 809
30
0
142
63
70
9
1
666
634
32
0
0
53
47
3
2
0
3,046
2,998
47
0
1
100
118
124
139
52
59
27
33
72
57
15
14
11
3
64
11
53
0
1
66
55
5
5
2
37
29
8
710,029
71,859
493,156
702,408
71,168
490, 849
700, 693
70, 464
487,154
699,708
70, 359
487,004
698,494
68, 794
491,014
SECURITIES ISSUED
(Securities and Exchange Commission)*
Estimated gross proceeds, total
mil. of doL.
By types of security:
Bonds, notes, and debentures
do
Preferred stock
do
Common stock—
do
By types of issuers:
Corporate, total
...do
Industrial
.do
Public utility
...do....
Rail
do
Other
___.do
Non-corporate, total
„
do
U. 6. Government and agencies
do
State and municipal
1
do
Foreign Government
do
Non-profit agencies
do.»__
New corporate security issues:
Estimated net proceeds, total_.do
Proposed uses of proceeds:
New money, total
do
Plant and equipment
do
Working capital
do
Repayment of debt and retirement of
stock, total
_.mil. of dol,_
Funded debt--.
do
Other debt
.
do
Preferred stock
__do
Other purposes
do
Proposed uses of proceeds by major groups:
Industrial, total net proceeds..mil. of dol__
New money
do
Repayment of debt and retirement of
stock
mil. of doL.
Public utility, total net proceeds---do
New money
..
do
Repayment of debt and retirement of
stock
mil. of doL.
Railroad, total net proceeds
do
New money
do
Repayment of debt and retirement of
stock
mil. of dol_.
Other corporate, total net proceeds.do
New money
do
Repayment of debt and retirement of
stock
mil. of dol__
2,066
' 4
0
89
19
68
2
0
1,979
1, 932
47
0
0
'417
r 77
'309
24
6
' 309
2m
43
0
' 1,884
'449
14
5
'1,826
4
54
' 182
'24
' 114
43
1
285
232
51
0
2
'239
r
77
'80
26
' 57
r 1,645
' 1,578
64
0
2
88
444
12
8
'87
'60
1
'7
1
309
i 233
74
0
1
(a)
'236
'152
'142
161
76
(a)
185
' 167
17
'27
r 17
' 10
91
64
'92
'6.1
'31
' 57
'30
'21
71
38
33
40
34
5
39
35
4
70
15
55
'223
' 194
14
' 15
5
' 153
'148
'3
2
' 140
' 125
' 14
1
'59
37
'79
'52
' 17
10
'6
89
80
9
0
26
12
2
11
11
61
41
15
5
48
12
36
0
00
'76
'22
M0
'85
'41
' 46
' 25
00
00
00
38
11
46
25
107
59
102
49
61
51
46
9
107
18
16
34
25
21
48
8
48
11
11
53
21
10
8
69
17
37
3
2
11
0
0
51
9
3
1
2
2
0
1
6
1
1
0
0
0
0
0
'114
6
'44
'59
'46
' 16
'62
3
'169
24
24
'108
42
7
' 13
1
1
'58
28
28
89
10
10
10
4
4
40
6
6
0
0
0
0
6
1
35
1
1
0
'6
4
0
'6
0
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
(a)
'5
(a)
(«)
43
43
'54
' 307
'138
(a)
00
00
(a)
(Commercial and Financial Chronicle)%
Securities issued, by type of security, total (new
capital and refunding)
thous. of doL.
472, 424 273,962 300,186 233, 304 241,732 333, 238 179,606 196, 648 262,148 180, 031 201, 306 142,151
New capital, total
do
361, 029
64, 840 132,899 108,600 139,136 181, 760 123,099 109,051 157, 820 127, 570
96,482
40, 679
Domestic, total
do
64, 840 132,899 108,600 139,136 181,760 123,099 109, 051 157,820 127, 570
361, 029
96, 482
40, 679
Corporate, total
do
34,265 103,661
327,403
89, 427
87,186
97,114 103, 092
76, 793
56, 709
76,827
78,585
27, 510
Bonds and notes:
Long term
do
22,140
50,026
323,825
32, 436
82,399
57,110
37,095
61,010
91,027
68, 580
94,125
27,093
0
Short term
do
0
0
575
0
0
0
0
0
0
0
5,000
Preferred stocks
do
2, 700
2, G45
8,458
1, 603
36,887
4, 265
13, 360
18,735
15,040
5,000
0
S, 967
Common stocks
do
50, 935
3,809
1, 975
3,667
17, 863
458
1,822
417
1,323
2, 535
3, 247
0
Farm loan and other Government agencies
thous. of doL.
0
0
0
19,520 I 11,175
0
36. 800
9, 720
8,860
2, 515
2,060
2, 715
44,
Municipal, State, etc__.._
do
83, 399
33, 627
30, 575
29, 922
29, 238
42,823
50, 986
19,173
21,606
21, 764
10, 654
17, 594
Foreign, total
do_ — .
0 '
0
0
0
I
0
0
0
0
0
0
0
0I
^Includes repayments unallocated, pending advices, at end of month.
• Less than $500,000.
r revisions in 1939 data from Commercial and Financial Chronicle, see notes marked "J" on p. 34 of the September 1940 and p. 35 of the March 1941 Survey.
{Revised series. For revisions in data on total loans of the Reconstruction Finance Corporation and "other loans and authorizations" published in the Survey prior to
the October 1940 issue, see note marked " | " on p. S-16 of the February 1942 Survey. Certain comparatively small revisions have been made in the grand total which are not
carried into the detail.
•New series. National defense data include loans, participations, and purchases of capital stock in corporations created by the Reconstruction Finance Corporation to
aid in national defense. The new series on new security issues have been substituted for the data on security registrations. Earlier data, including revisions in figures for
February-July 1941, previously published, will be shown in a subsequent issue.
i Excludes offering of $502,983,000 1% Treasury Notes of SeriesA-1946 which were allotted to holders of Reconstruction Finance Corporation notes of Series P, maturing
November
1,1941, and of Commodity Credit Corporation notes of Series E, maturing November 15,1941.
i
S-18
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 1942
1942
FINANCE—Continued
SECURITIES ISSUED—Continued
(Commercial and Financial Chronicle)t—Con.
Securities issued, by type of security—Con.
Refunding, total
_.thous. of dol.
Domestic, total
do
Corporate, total
do
Bonds and notes:
Long term
do
Short term
do
Preferred stocks
do
Common stock?.
do
Farm loan and other government agencies
thous. of doL
Municipal, State, etc
do
Corporate securities issued by type of borrower,
total
thous. of dol_
New capital, total
do
Industrial.
do
Public utilities
do_._.
Railroads
do
Refunding, total
do
Industrial
do
Public utilities.
__.do_...
Railroads
do
Domestic issues for productive uses (Moody's) :•
Total
mil. of doL
Corporate
_._
do...
Municipal, State, etc
do
(Bond Buyer)
State and municipal issues:
Permanent (long term)
thous. of doL.
Temporary (short term)_._
._.do___.
COMMODITY MARKETS
Volume of trading in grain futures:
Wheat
mil. of bu_.
Corn
__do
SECURITY MARKETS
Brokers* balances (N. Y. S. E. members
carrying margin accounts)
Customers' debit balances (net)
Cash on band and in banks
Money borrowed
Customers' free credit balances
mil. of doL.
do
do
do
167,287 124,703 102, 596 151, 478
167, 287 124,703 102, 596 151,478
97, 050 42, 384 59, 062 82, 846
56, 508
56,508
18,901
87, 597 104,328
87, 597 104,328
39, 209 18, 527
81, 726
0
1,120
0
33, 775
34,857
18,901
0
0
0
39, 209
0
0
0
18, 527
0
0
0
5,807
0
0
0
54, S93
0
4,000
2,693
32, 719
0
0
0
26,580
11,027
21,315
27,073
80, 540
5,261
38, 800
7,855
28, 455
14,684
32, 260
36,493
64,618 401.830 IPS, 656 200,711 131,Rll 135,854 170, 032
87, 186
58, 600 327. 403 34,265 103,661
89, 427 70,793
46, tfO
19,600
63,178
34,224
43,578
52,018
11.552
28, 101
37, COO 238, 085
6,240 40, 687
8,893
7,922
9, 890
2, 0C0 23,300
27. 745
1,210
7. 000 21,329R
6,018
97. 0. 0 42, 384 t9, 062 82, 846
74. 427 161.391
499
3, 300
IP, 890 16,880
2, 497 22, 782 16,336
82,120
2,718
38,346
21,841
71,625 102, 098 74,658
0
4,000
0
0
0
0
34, 837
75,609
56,709
24,067
25,970
3,750
18,901
12,626
6,275
0
108,898 138, 513
103. 092 76, 827
75,967
50, 477
15,125
18, 400
0
2,800
5,807 61,680
0
7,813
5,275 49, 350
0
0
60, 229
27, 510
18, 930
2, 665
3,700
32,719
25, 237
750
5,956
137
67
70
47
33
14
66
55
11
28
18
10
90, 578 118,470
99,988 119,070
46, 564
38,277
58, 573
58, 573
6,018
111, 394 209,122
111. 394 209,122
74, 427 161,391
5,018
1,000
0
0
72, 530 155,881
0
0
1,897
5,398
0
112
96, 250
0
800
0
29, 336
0
13,049
0
57, 283
0
1,734
45
W, 955
20,776
34, 822
35,415
31,675
50,644
25,100
18,435
49, 925
2,630
25. 420
11.547
117,794 115,641
78, 585 97,114
46,318 96,010
604
24, 072
0
5, 660
39, 209 18,527
6, 000 12,977
5,550
32, 236
0
0
26
17
303
281
22
47
25
22
48, 241
53,668
48. 269
169, 942
65, 052
53. 669
257
141
531
77
500
103
454
93
282
74
294
89
253
154
140
77
178
111
249
148
226
126
267
145
628
189
460
262
633
196
396
260
628
186
414
255
625
195
409
264
600
211
368
289
547
219
308
274
534
203
307
262
531
195
306
249
515
195
300
247
502
177
300
238
496
180
309
240
491
172
307
238
95.50
97 28
6L72
95.76
97.49
61.68
118.0
118.9
98.1
107. 7
103.5
83.0
24.0
123.3
110.7
98.9
108.4
104.5
83.9
25.5
124.4
110.2
81, 804
151,865
80, 306
155,111
63
53
10
61
43
18
78, 479 60, 722
93,123 113,655
71
34
37
78
58
20
50
10
40
52,461 104, 824 101,472
52, 461 104, 824 101,472
5,807 61,686
32, 719
51,235 '61,338
183,744 113,745
35
20
15
28, 759 ' 36, 723 ' 48, 096
59, 916 75,400 133, 530
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
95. 24
95.13
94.50
96.08
95.25
94.80
95.64
95.63
94.74
94.86
95.97
dollars. .
97. 31
98.72
97.18
96.69
97.75
98. 30
97.46
97.54
98.27
97.98
Domestic
do
98.58
58. 45
50. 75
56.27
62.51
49.83
57.40
61.16
60.29
Foreign
do...
50.79
58.95
48.85
Standard and Poor's Corporation:
High grade (15 bonds)t-.dol. per $100 bond..
117.7
118.8
119.2
117.5
118.7
116.7
117.8
118.1
118.5
117.1
Medium and lower grade:f
99.2
97.4
99.4
93.9
99.3
99.6
99.3
Composite (50 bonds)
do
98.0
98.8
105.3
105.0
105. 9
106. 7
107.4
108.7
106.9
107.1
104. 9
106.1
Industrials (10 bonds)
do
105.1
107.2
104.7
107.4
104. 1
102.2
104.1
104.4
102.3
101.8
107.3
Public utilities (20 bonds')
do....
107.2
85.0
82.4
84.9
86.9
87.1
85.2
87.7
88.4
88.6
Rails (20 bonds)
do
86.8
84.5
25.1
21.9
24.8
24. 1
26.4
27.1
25.6
26.7
27.6
24.9
24.4
Defaulted (15 bonds)t
do....
133.0
125.9
133.4
124.4
122 1
125. 4
120.1
122.1
119.7
131.0
131.2
Domestic municipals (15 bonds)
do
112.0
110.7
112.4
110. 1
110.7
108.9
110.5
110.2
111.1
U. S. Treasury bondsf
do_, . 109.9
111.1
Bales (Securities and Exchange Commission):
Total on all registered exchanges:
88, 348 134,712 125,744
89,449 137,003 99, 075 91,838
87, 766 105, 508 125,159
Market value
thous. of dol_. 83,842
173, 629 160,891 177,029 209, 219 161,048 277,038 256, 089 178,409 306,812 202,862 179, 690
Face value
do
On New York Stock Exchange:
75, 610 74,506
76, 382 116,561 111,586
78,643 121,066 86,629
80, 772
89, 563 109,888
Market value
do
Face value
do.. . 162, 734 144,101 155, 537 189,947 145, 446 251, 650 237, 263 165, 002 286,211 186,165 165, 276
Exclusive of stopped sales (N. Y. S. E.),
face value, total
thous. of dol.. 159, 938 140,157 140,963 178,899 140,746 224, 737 219, 955 158,357 263, 055 174,011 156,658
1,307
1,138
1,781
449
1,470
953
944
1,431
879
545
U. S. Government
do
1,319
159, 490 138,726 139,644 177, 592 139, 276 222, 956 218.817 157,413 262,176 173,467 155, 705
Other than TJ. S. Govt., total. __do
152, 418 127, 515 127, 575 163,413 125, 694 20£, 251 206,145 148,551 249,192 162,311 138,597
Domestic
do
14,179
13,582
17,109
7,072
12, 672
8,862 12,984 11,156
17,705
11,211
12,069
Foreign
do
Value, issues listed on N . Y. S. E.:
57,856
58, 237 59,076
57,821
60,532 60,579 60, 572 61,956
Face value, all issues
mil. of dol._ 65, 277 56,101
56,387
53,673
62,198
53, 046 55, 080 55, 924 57,411
58,852
Domestic
do
51, 900 52,192
57, 471 57,466
4,183
3,152
3,157
3,079
4,175
3,121
Foreign
„
do
3,105
3,105
4,195
4,201
3,108
55,107
54, 813 55,034
56, 261 57,584 58,140 57, 924 59, 258
Market value, all issues
do__.._ 62, 720 53,217
53,418
52,984
60, 796 51,165
52,732
53, 257 54, 419 55,793
56,051
56,308
57, 359
Domestic
do
51,287
2.123
2,080
1, 842
1,791
1,924
1,872
2,052
1,777
1,832
Foreign
„
do
1,899
2,131
Yields:
Bond Buyer:
2. 30 ! 2. 51
1.93
Domestic municipals (20 cities) __.percent-.
1.90
2.24
2.33
2.33
2.38
Moody's:
3.27
3.26
3.35
3.36
3.34
3. 35
3.37
Domestic corporate
do3.30
3.29
By ratings:
2.80
2.72
2.75
2.74
2.73
2.85
2.83
2.85
2.83
Aaa
<io_
2.86
2.95
2.90
2.87
2.86
2.91
2.98
2.98
Aa_.
do_
3.00
3.00
2. 06
3.24
3.21
3.27
3.27
3.19
A
do.
3.24
3.29
3.30
3.32
3.31
3. SO
4.28
4.38
4.27
4.28
4.26
Baa
do_
4.30
4.29
4.30
4.27
4.28
4.29
By groups:
2.94
2.85
2.85
2.97
2.94
2.90
2.88
Industrials
do_
2.98
2.96
2.97
3.00
3.13
3.06
3.04
3.12
3.09
3.07
3.05
3.15
Public utilities
_.__do_
3.13
3.17
3.13
3.92
3.91
3.S9
3.95
3.98
3.93
3.94
Rails
__-do_
3.95
3.94
3.97
r
Revised.
JSee note marked " J " on p. S-17.
fRevised series. For data beginning 1931 on Treasury bond prices, which relate to partially tax-exempt bonds, see table 55, p. 17 of the December 1940
data for Standard and Poor's bond prices are shown in table 36, p. 19 of the January 1942 SURVEY.
*New series. For data on domestic issues for productive uses beginning 1921, see table 34, p. 17 of the September 1940 SURVEY.
72, 623 71, 249
139,586 142,932
133,776 125, 605
299
407
133,369 125,306
124, 676 119,068
8,694
6,238
61, 899
58, 804
3,096
59,112
57, 201
1,911
63,992
60,903
3,089
61, 278
59,372
1, 905
2.21
2.15
3. 37
3. 35
2.85
3.01
3.31
4, 33
2,83
2.99
3.28
4.30
2.97
3.12
4.03
2.94
3.09
4.02
SURVEY. Earlier
S-19
SURVEY OF CURRENT BUSINESS
October 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
August
1941
September
August
1942
Octo- I No vein- Decem- Januber I ber j ber
ary
February
March
April
May
June
July
FINANCE—Continued
SECURITY MARKETS-Continued
Bonds—Continued
Yields—Continued.
Standard and Poor's Corporation:
Domestic municipals (15 bonds)—percent..
U. S. Treasury bondst
do
2. 28
2.02
2.00
1.94
1.99
1.94
1.91
1.88
1.90
1.85
2.25
1.97
2.33
2.01
2. 55
2.09
2.58
2.00
2.44
1.98
2.45
1.97
2.38
1.97
2.32
2.00
Stock?
Cash dividend payments and rates (Mcody's):
Total annual payments at current rates (6C0
companies)
mil. of dol__ 1. 646.14 1,822.61 1,828.35 1,840.31 1,889.13 1,927. 69 1,926.59 1,857.45 1, 850.15 1,805.62 1,701.40 1, 675.01 1,675. 81
Number of shares, adjusted..
millions.. 938.08
938.08
938.08 938.08 938.08 938.08 S38.08 938.08 938.08
938.08 938.08 938.08
Dividend rate per share (weighted average)
1.79
1.79
1.92
1.94
1.95
1.96
2.05
(fOO cos.)
dollars... 1-75
2.01
1.97
2.05
1.98
1.81
2.81
2.81
2.81
3.01
2.99
2.88
Banks (21 cos.)...
do
2.81
3.00
2.88
2.88
3.01
2.81
2.81
1.76
1. 75
1.93
1.93
1.97
2.09
Industrials (492 cos.)
do
1.71
2.05
2.09
1.99
1.94
1.98
1.79
2.69
2.69
2.69
2.59
2.62
2.69
Insurance (21 cos.)
do
2.69
2.62
2.69
2.69
2.59
2.69
2.69
1.74
1.74
1.77
1.92
1.86
1.81
1.82
Public utilities (30 cos.)
do
1. 74
1.81
1.81
1.91
1.80
1.75
1.66
1.75
1.77
1.56
1.58
1.77
1.58
1.77
1.77
Kails (36 cos.)
,
.do....
1. 75
1.58
1.77
1.66
Prices:
Average price of all listed shares (N. Y. S. E.)
45.3
46.6
Dec. 31, 1924 = 100..
47.2
£6.5
55.9
63.2
51.6
48.7
49.2
44.5
42.6
47.8
44.6
Dow-Jones & Co., Inc. (65 stocks)
34.20
35. 54
32.92
42.99
36.92
41.26
39.53
37.86
36.79
34.54
42.90
33.12
dol. per share..
35.46
97.79
12(3.67 127.35
110.67
111.11
121.18
116.91
107. 28 101.62
98.42 103. 75 106. 94
Jndusirials (30 stocks)....
do
1C6.08
11.93
11.75
11.06
14.41
18.50
18.62
14.38
17.65
15.93
13.83
12.15
11.68
Public utilities (15 stocks)....
do
11. 51
23.59
25. 63
28.01
24.
56
29.28
30.19
25.33
28.54
27.92
27.85
26.09
24.29
Bails (20 stocks)
.do
26.19
71.07
77.09
73. 26
90.91
67. 52
91.32
79.17
87.37
87.92
74.46
69.17
68.30
Nt w York Tin es (50 stocks)
do
73.10
133.77
125. 05 129.42
160.08
153.71
145. 66 139.86
128.67
119. 65 117.45
lfO.33
119.25
Industrials (2* stocks)
do. .
126.93
20.41
21.74
17.10
18.71
17.59
18.47
21.04
20.19
20.26
18.69
22.36
17.35
Railroads (25 stocks)
d o . . . . 19.26
Standard and Poor's Corporation.!
66.1
68.2
77.4
63.3
83.2
80.4
71.8
72.6
69.9
66.0
63.2
Combined index (402 stocks) 1935-39 = 100... 68.3
68.2
70.6
78.6
64.8
84.3
81.6
84.8
73.8
74.3
71.0
67.2
64.7
Industrials (354 sJocks)
do
70.5
69.0
71.5
78.7
67.8
88.0
82.2
87.8
76.3
78.6
74.8
70.8
66.3
Capital poods (116 storks)
. d o . . . . 71.0
67.6
69.2
74.2
61.8
81.2
79.0
82.9
67.6
68.8 . 66.2 63.9
62.9
Consumer's gords (191 stocks).._ do. .
68.9
58.8
58. 4
74.5
56.5
81.0
78.5
81.3
66.2
66.1
60.5
57.2
Puf lie utilities (28 stocks)
..do
£8. 8
64.5
59.0
62.9
68.4
61.1
74.4
70.3
72.6
61.0
69.0
65.0
60.3
Bails (20 stocks)
do
65.4
Other issues'
68.4
66.3
60.4
67.9
88.4
72.1
73.8
62.6
84.9
78.5
62.5
Banks. N. Y. C. (19 slocks)
d o . . . 70.5
Fire and marine insurance (18 storks)
70.9
97.2
115.4
111.5
106.1
107.6
95.9
89.5
115.6
1935-39-100.
98.5
90.6
114.0
Sales (Securities and Exchange Commission):
101.7
Total on all registered exchanges:
Market value
thous.of doL 253,211 415,088 512,750 493, 760 509,040 1,085,599 512,503 296, 408 341, 230 272,889 265,455 273, 279 302,181
14,033
24, 682 24,724
26, 636 62, 676 28,359
14,018 16, 391 13,613
S hare? sold
_
thousands.. 12, 553 22,087
12, 625 12,838
On Now York Stock Exchange:
226,187
232,947
346,
227
413,341
422,
423
929,046
258,
535
426,
839
466,932
287,
785
226,102
251,187
Market value..
thous. of dol. 214,217
10,079
9,932 10, 964
19,099
22,236
15,858
18,021
18,512
46,891
12,175
9,685
10,610
Shares sold
thousands.
9,489
Exclusive of odd lot and stopped sales
7,589
7,466
10,875
8,374
13,545
7,926
7,229
13,137 15,052 36, 387 12,994
8,580
(N. Y. Times)
..thousands
7,387
Shares listed, N. Y. S. E.:
41,472 40,984
39,057 37, 882 35,786
36, 228 35, 234 32,844 31,449
32,914 33, 419 34, 444
Market value, all listed shares
mil. of dol.
34,872
1,469
1,464
1,470
1,464
1,471
1,463
1,467
1,467
1,463
1,465
1,469
1,469
Number of shares listed.
,
millions. 1,471
Yields:
5.9
7.3
5.9
6.3
7.2
6.6
6.4
7.7
6.9
Common stocks (200), Moody's
percent.
6.3
6.1
4.6
5.4
4.6
5.0
5.3
5.5
6.0
5.7
5.6
Banks (15 stocks)
do...
5.1
7.
7
5.9
7.3
5.9
6.4
7.4
7.2
6.1
7.7
6.7
6.4
Industrials (125 stocks)
_
do
6.0
5.3
3.9
4.1
4.5
4.6
3.9
4.1
4.5
5.0
4.9
4.8
4.7
Insurance (10 stocks)
do
4.7
7.7
8.9
6.4
6.9
7.6
6.5
6.6
7.6
8.5
8.2
8.4
8.2
Public utilities (25 stocks)
do
8.0
7.4
8.3
6.0
6.8
8.2
6.3
6.5
7.2
8.2
7.8
7.7
Rails (25 stocks)
do... |
7.5
Preferred stocks, high-grade (15 stocks), j
4.52
4.02
1.04
4.15
4.24
4.32
4.07
138
4.48
4.40
Standard and Poor's Corp.f
.percent.. 4.27
Stockholders (Common Stock)
American Tel. & Tel. Co., total
.number..
Foreign
do
Pennsylvania R. R. Co., total
do
Foreign...
_
do
U. S. Steel Corporation, total
do
Foreign...
do
Shares held by brokers
percent of total..
632,293
5,481
205, 724
1,535
164,262
2,590
25.00
633,588
5,281
205,012
1,447
163, 732
2,584
25.40
637, 020
5,230
205, 304
1, 409
164, 013
2,596
24.90
639,152
5,214
205, 259
1,374
164,039
2,580
24.90
FOREIGN TRADE
INDEXES*
Exports of U. S. merchandise:
Quantity
1923-25=100 . .
Value
j
do '
Unit value
_.
do
Imports for consumption:
Quantity.
_.
__do
Value
do
Unit value
. _. ..do. _.
159
119
75
147
111
76
*225
1174
77
163
129
79
214
171
80
148
127
86
145
128
88
189
162
86
204
185
90
135
86
64
128
83
65
138
92
66
129
87
67
156
106
68
117
80
69
107
75
70
110
79
72
95
70
73
455, 257
438, 264
282,513
273, 898
417,139
406,057
262, 680
265,162
666,376
647, 462
304.127
292, 303
491,818
481, 630
2F0, 525
276,224
651,555
635,179
343, 794
338,272
479,480
473,537
253,654
256,129
478, 531
474,896
254,038
239,456
608, 570
602, 542
272, 287
252,050
681,979
674, 282
234,122
222,913
153
139
91
VALUE*
Exports, total incl. reexports
thous. of doL.
Exports of U. S. merchandise
do
General imports
do
Imports for consumption
_ _ _ __dc __
J Partially tax-exempt b o n d s .
1
1
525,116
519,168
190,594
192, 310
610,010
604, 658
220, 034
201,050
628, 627
623,715
227, 746
233,984
iFisure overstated owing to inclusion in October export statistics of an unusually large volume of shipments actually exported in earlier months.
•The publication of detailed foreign trpde statistics has been discontinued for the duration of the war, effective with October data. Indexes of the volume of foreign trade in
agricultural products and data on the value of exports and imports by grand divisions and countries and by economic classes, which have been shown regularly in the Survey,
are available through September 1941 in the February 1942 and earlier issues. For revised 1939 data on value of foreign trade see pp. 17 and 18 of the April 1941 issue.
fRevised series. Earlier revised data for Standard and Poor's stock prices and preferred stock yields are shown, respectively, in table 37, pp. 20-21 and table 39, p. 22
Digitized forofFRASER
the January 1942 Survey.
S-20
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1943
October 1942
1941
Sep- j Octotember
ber
Novem- December
ber
January
February
March
April
May
June
July
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
AH Commodity a n d Passenger
Transportation
Combined index, unadjusted*
193.5-39=100..
Commodity
do
Passenger
do
Combined index, adjusted*
do
Commodity
do
Passenger
do
Express Operations
Operating revenue
.^ thous. of doL.
Operating income
do
Local Transit Lines
7. SOW
Fares, average, cash ratef
cents.. 1,038,781
Passengers carriedf
thousands..
Operating revenues
thous. of dol...
Class I Steam Railways
144
Freight carloadings (Federal Reserve indexes) :t
136
Combined index, unadjusted-.-1035-39 = 100..
175
Coal
do_...
173
Coke
.
do
129
Forest products
do—
100
Grains and grain products
do
Livestock
do
308
Merchandise, 1. c. 1
do
152
Ore
do
143
Miscellaneous
do
154
Combined index, adjusted
do
208
Coal.
do....
165
Coke
...
do
106
Forest products
do
106
Grains and grain products
do
57
Livestock
do
176
Merchandise, 1. c. 1
do
152
Ore
...
('iO
Miscellaneous
do
Freight-car loadings (A. A. R . ) : 1
Total cars..thousands.
Coal.
do_...
Coke
.
do.....
Forest products
do.-..
Grains and grain products
do....
Livestock
do....
Merchandise, 1. c. 1
do....
Ore
..do—.
Miscellaneous
.
do....
Freight-car surplus, totalf
clo
Box caret
do.__.
Coal carstdo
Financial operations:
Operating revenues, total
thous. of dol.
Freight
do
Passenger
clo
Operating expenses
._do_._.
Taxes, joint facility a n d equip, rents*..do.—.
N e t railway operating income
do
Net i n c o m e . . .
do...
Operating results:
Freight carried 1 mile
mil. of tons..
Revenue per ton-mile
cents.
Passengers carried i mile
millions.
Financial operations, adjusted:*
Operating revenues, total
mil. of dol.
Freight
do
Passenger
.
do__.
Railway expenses
do....
N e t railway operating income
__._do—
N e t income
do...
156
- 162
135
r 147
153
128
' 155
r 161
]31
143
r 14S j
127 '
10,926
80
143
HI
146
147
143
r 151
r 155
152
146
14,051
131
149
155
126
145
148
134
141
' 141
142
' 148
151
136
' 143
166
128
145
150
130
12,143
11,904
101
95
' 157
167
168
163
168
169
166
'168
150
149
147
100
162
154
11,809
11, 582
11,976
12,134
12.312
79
90
77
79
61
' 152
' 153
'177
180
176
176
'176
' 181
182
'180
' 177
' 177
'174
*187
*>186
*> 193
12,168
72
12,170
»181
p 181
7.8144
793, 570
58, 463
7.8005
828, 576
59, 865
7. 8005
895, 991
64, G03
7.8005
856,773
61, 671
7.8005
941, 924
68,133
7.8005
940.315
68,637
140
139
167
160
125
80
99
271
141
139
158
199
152
103
84
99
155
141
145
140
172
149
122
111
102
261
150
130
133
176
138
111
84
97
149
135
144
138
165
147
104
146
101
232
151
127
121
165
140
97
95
97
178
133
141
135
168
143
115
117
101
199
150
135
121
159
146
118
128
125
182
129
113
97
96
69
138
137
111
167
145
124
101
100
246
149
129
136
184
140
125
95
93
48
134
140
119
153
156
142
99
97
186
152
129
132
184
153
110
76
90
47
135
139
116
150
159
131
95
100
187
151
129
125
175
149
102
77
92
73
139
136
122
168
149
119
97
92
282
143
136
135
176
159
100
90
81
218
142
143
160
200
159
117
101
80
267
141
138
139
181
161
99
89
62
303
144
143
164
197
155
115
98
62
289
142
139
135
179
165
111
81
60
318
145
141
160
199
159
113
103
60
183
144
142
132
177
173
138
76
57
325
148
142
155
205
172
95
90
57
180
149
3,046
575
54
153
155
53
582
3, 858
3,123
3,171
3,351
4,171
797
71
20S
212
65
711
65
629
57
185
154
42
597
52
610
55
184
146
43
584
72
645
56
196
141
50
525
235
830
70
245
174
62
492
420
3,386
661
57
204
154
45
378
359
1,528
82
55
9
3,322
605
54
203
194
40
346
363
1,517
71
46
99
204
144
7.8033
7. 8033
7. 8060
7. 8060
7.8060
'. 8060
885,128 1,003,196 1,004,698 1,034,361 1,015.722 1,023,167
65,004
75, 512
72, 561
•"6,494
72, 668
80, 246
' 4, 463
840
66
'247
224
55
784
386
1, 861
47
19
11
' 3, 540
652
52
' 179
167
59
618
286
' 1, 526
41
15
10
3,658
4,318
675
53
184
149
82
641
271
790
64
214
194
82
768
277
1,603
1,929
1,407
1,477
1,503
1,878
61
28
18
1, 396
75
27
32
1, 729
42
18
10
60
22
22
59
22
20
58
23
17
56
28
12
70
42
10
683,807 493, 674
537.412 410, 213
49, 773
103, 463
399, 272 313. 843
149, 250 ' 6 8 , 4 1 9
135,204 111,411
65, 500
S9; 400
488, 979
411.241
43,521
312,287
72; 622
104, 070
59, 324
517, 605
440,122
42, 231
361, 502
62, 446
93, 657
53, 676
457,012
385, 241
40, 519
335, 614
52, 633
68, 765
29, 226
479, 560
3S9, 223
53, 868
352, 532
46, 480
80,549
55, 492
480,691
392,571
55,697
348, 781
62,944
68, 9B0
26,130
486
593
746
653
347
486
716
540,118
445, 490
59,106
360, 011
87, 749
92, 359
46, 888
572, 531
468,007
66,116
366, 756
103,741
102,034
57, 890
49, 237
.902
2, 936
47, 616
. 92S
2, 527
51,135
.922
2, 397
46, 032
.904
2, 299
44, 545
.943
3,055
46, 6oG
.914
3,078
44,109
.926
2, 895
51,853
.924
3,070
53, 631
.937
3,427
58, 517
.900
3,822
57, 304
.931
4,238
60, 713
485. 4
407.7
44.4
374.4
111.0
65.2
464.1
389.5
41.6
379.4
84.7
42.1
452.6
375.9
44.1
403.2
49.4
10.5
476.0
398.7
45.1
403.1
72.9
33.1
4S6.2
403.2
49.4
409. 8
76.4
36.6
495. 3
406. 6
53. 6
413.1
82.3
40.0
518.9
423.9
60.1
420.3
98.6
57.7
541.7
443. 0
63.0
445.7
96.1
52.4
584.2
474.8
71.3
471.5
112.7
70.3
617. 8
499.4
81.0
486. 5
131.2
'87.9
627.4
508.6
79.4
499.5
127.9
84.2
642.8
519.4
82.0
518.7
124.0
4, 351
825
00
270
228
68
449
440
2,001
59
40
5
462,
377,
54,
327,
68,
66,
23,
601,002 623, 687
487, 982 501, 343
74, 345
82, 268
375, 440 378, 472
115, 933 126, 484
109, 628 118,731
63, 668 ' 77, 691
665,182
533, 086
91, 939
390, 477
141, 703
133,001
89, 900
Waterway Traffic
Canals:
557
534
0
507
201
700
New York State
thous, of short tons..
0
0
0
401
584
975
944
36
St. Lawrence
thous. of short tons..
94S
774
0
386
784
0
0
15,235
14,401
12,223
2,137
10, 216
Sault Ste. Marie..
do
13,923
0
0
0
15, 883
1,858
1, 620
1,468
Wei Ian d
do
369
1,688
1,025
0
0
0
1, 516
(*)
r
265
211
Rivers, Mississippi (Gov. barges only)...do
119
251
240
100
206
81
65
251
257
225
Travel
Operations on scheduled air lines:
12,472
11, 501
Miles flown
I nous, of miles _ _
10,855
12,127
12,200
9,979
11,340
11,352
11,127
10, 847
7,353
8. 079
Express carried
pounds. _
1,842,858 1,962,284 1,760,770 1.6S9,093 2,385,786 2,531,162 2,169,543 2,560,255 2,883,891 3,075,985 I 096 877 3 533 980
Passengers carried
number. _
447, 316 455, 647 420,393 324, 546 298,680 300, 900 286, 435 371, 398 428,153 369, 776 210,916 232,715
Passenger-miles
flown
thous. of miles..
158,068 158,151 150,920 115, 825 111, 077 113,135 104,220 139, 061 158, 218 144, 947 109, 253 110,104
Hotels:
3.56
3.52
3.61
Average sale per occupied room
dollars..
3.55
3.39
3.40
3.64
3.30
3.26
3.43
3.45
68
69
Rooms occupied
percent of total..
61
71
69
71
70
70
71
72
71
69
115
Restaurant sales index
....1929=100...
108
103
114
108
107
101
100
121
121
128
125
Foreign travel:
14,613
11, 328
8,991
U. S. citizens, arrivals
number..
11,668
10,799
9, 456
6,723
8,745
7,298
7,569
7, 459
13, 718
U. S. citizens, departures
do
11,807
9,942
11,339
8,748
5,754
7, 871
10, 222
6,807
11,145
5,147
729
Emigrants
do
612
686
945
714
585
408
448
532
462
389
3,359
Immigrants
do
3,911
2,188
2,581
2, 256
1,924
1, 954
1,560
1,699
1,673
2, 593
5,734
4. 549
4,G87
4, 331
5,177
Passports issuedcf
do
6,020
5,145
6,881
7,923
11,635
7,880
16, 244
15,042
f
Revised.
JData fur August and \ ' . \ p m b n 1 1 1 1 , Jn
nou*-t 1 M>
oks; other monlus, 4 weeks.
Preliminary.
f
*New series. For en >i( T inciovo • v)f ill ''o-ipnodiM' and p
^I HI > ^
ii K» i " t> e <} n i >o pp. '>[) 2- or the September 1942 Survey; indexes by type
of transportation as Miow JI on p. '_2 o1 th u I-WHJ >
• ill bo me ludod "i 1 f
i } iu'i
M'J: U ii i' Lh \ ' » \ «Mib r la^uo. Adjusted data on financial operations of rail1 er
ways beginning 192! <ipp< it in (able ,->], p. !o of the ^oplemboi i A) I*fRevised series. Para vn faros re\ l^od bogmninc August VYVv si pp 45 of tlio Tin 1940 Survey.
u
P-is^'i.pcrs carried ro\ise I to cover data for 188 companies. Data for
1940 on the revised basis diffoi only slightly from these shown in table 13, p 8 of the March 1041 Su>r\ey. Revise d indexes of fi. 'ght carloadings beginning 1919 appear in table
23, pp. 21-22of the August 1941 Survev.
{Data represent daily average for week ended on the last Saturday of the month.
<> Publication of data has been discontinued for the duration of the war.
c? Beginning Feb. 1942 data include passports issued to American seamen.
S-21
SURVEY OF CURRENT BUSINESS
October 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
August
1942
1941
1943
August
September
Octo- ! Novem- December } ber
ber
January
February
March
April
May
June
July
137,187
41,196
221,697
67,454
342,043
98,147
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION- Continued
Travel—Continued
National parks:
Visitors
number— 330,540
94,102
Automobiles
do
Pullman Co.:
Revenue passenger-miles
thousonds.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:!
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 expensest—
do—
Operating incomef
do
Net incomef
do
Radiotelegraph carriers, operating revenues
thous, of dol__
59, 812
18,152
69,338
16,821
60,808
17,760
94,192
28,203
,112,293
302,025
430,608
132, 359
253,489
78,112
129,890
39, 3fe3
850,348
6,074
797,408
4,857
840,925
763,624 J ,037,616 1,273,822 1,208,162 1,288.858 1,380,255 1,445,506 1,490,048 1,471,500
8,903
4,776
£, COS
6,929
7,784
8,509
6,421
6,935
8,092
119,224
74,236
35,266
77,934
19,553
20, 657
121,259
76,470
35,029
79,159
20,477
20, 817
124S 000
78,700
35, 368
82,052
20,165
20,954
119,818
77, 292
82, 526
79, 651
19, 645
21,0G7
128, 993
80,229
37, 782
87, 307
32, 532
21,206
12,674
11,616
12, 555
11,461
12,566
11,493
11,583
10,436
15,448
14,089
499
1,058
10,758
1,065
568
518
1,094
10,8?0
782
401
553
1,073
10,809
784
316
533
1,147
10,276
390
734
1,359
12, 003
2, 215
1,488
1,264
1,205
1,316
1,197
1,442
60,767
17,477
123,860
77,771
34,961
79,414
21,307
21,481
12, 732 11,697
11, 563 10, 724
620
565
1,169
972
11,054
10, 246
585
465
61
°'65
130,347
79,698
39,471
84,365
21, 647
21, 595
13,074
11,940
1,092
915
128,257
79,974
37,441
82,935
21,166
21,302
1,163
131,727
80,264
40,207
84,372
21, 596
21,702
133,076
80,070
41, 616
85,655
22, 264
21,815
134,216
80,078
42, 379
85, 542
22,167
21,888
135,652
89,415
44, 579
89,370
21,339
21, 966
13,587
12, 553
13. 877
12, 824
14,398
13,151
14, 375
13, 296
787
709
1,080
11, 967
958
454
1,204
993
663
661
658
678
1,134
10,889
1,035
11,188
1,088
1,053
11,639
572
905
380
1,248
11, 718
1,216
1,032
1,108
918
480
CHEMICALS AND ALLIED PRODUCTS
....
CHEMICALS
i
Alcohol, denatured:
Consumption.
thous. of wine gal—
Production
do
Stocks, end of month_do—
Alcohol, ethyl:
Production.
...thous. of proof g a l Stocks, warehoused, end of monthdo.
Withdrawn, tax-paid
...do
Methanol:
Exports, refined
Gallons..
Price, refined, wholesale:
Natural <N. Y.)cf
dol. per gal—
Synthetic, pure, f. o. b. works*
do .
Production.
Crude (wood distilled)
..thous. of g a l Synthetic
do
Explosives shipments
thous of 1b
Sulphur production (quarterly):
Louisiana
—long tons—
Texas
___do
Sulfuric acid:^
Price, wholesale, 66°, at works
dol. per short ton—
FERTILIZERS
Consumption, Southern States
thous. of short tens—
Exports, total §
_
long tons—
Nitrogenous.—
__
—do
Phosphate materials.
do
Prepared fertilizers
__do
Nitrogenous, total
do.
Nitrate of soda
..do
Phosphates
do _
Potash §__
do....
Price, wholesale, nitrate of soda, crude
f. o. b. cars, port warehouses® __doi. per ewt__
Potash deliveries
short tons
Superphosphate (bulk):
Production
do
Shipments to consumers
_____do
Stocks, end of month
do
NA¥AL STORES
Rosin, gum:
Price, wholesale " H " (Savannah), bulkf
dol. per 100 lb_
Receipts, net, 3 ports
bbl. (500 lb.)__
Stocks, 3 ports, end of month
do
Turpentine, gum, spirits of:
Price, wholesale (Savannah)
dol. per gal__
Receipts, net, 3 ports
bbl. (50 ga3.)__
Stocks, 3 ports, end of month
.
do
OILS, FATS, AND BYPRODUCTS
Animal, including fish oils (quarterly) :J
fc
15, 264
15,065
1,089
17,100
16,908
861
18,302
18,185
740
1G, 977
16,965
724
34,299
10,117
35.757
6, 491
36,393
7,143
3,071
3,435
2,555
37, 541
8,038
on 071
2, 505
7,545
9,340
(a)
.58
.28
.44
.30
.44
.29
.54
.28
.54
.28
.58
.28
.58
28
'. 58
28
41, 709
450
5.006
41,363
487
5,085
43,676
502
5, 416
42,629
529
5.104
37,486
557
5, 663
38,879
(*0
36, 720
37,681
on (if\A
129,365
670,063
16. 50
16. 50
16. 60
66
71
295,885
17,783
134
136, 503
13,196
1.650
( )
(6)
135, 285
802, 576 _________
.58
28
.58
28
58
36.453
41,045
40, 545
90
1 in 11^
- 725, 579
--
58
58
OR
42,101
40,409
163 810
774, 706
16. 50
16. 50
16.50
16.50
16. 50
16.50
16. 50
16. 50
16.50
16. 50
168
186
267
1,030
1,003
1,060
G78
287
148
70
1. 650
53, 646
1.650
59,897
1.650
57,113
1.650
1. 650
1.650
44 994
on '71A
1. 650
51 A(y>
1 650
204 855
911, 507
431 634
254,239
730,135
440 685
147 473
760, 761
453 0^5 445 603
78, 577
72' 332
915,172 1,067,747
(°)
(«)
407
2,879
(•)
67,406
32,148
457
(")
20
108, 759
67,594
780
5,951
1. 650
48,882
1.650
39, 943
1. 650
56, 039
(a)
379, 267 364, 505 413,240 419, 946 487, 558 487,164 457 30 9
65,150 130,906 129,293
80,113
87,581
77,725 146.846
978,014 1,022,410 1,051,966 1,050,633 1,049,268 1,082,800 1,017,8-17
1 650
(V? Q1Q
2.91
2.45
29, 886
428,945
2.49
29, 282
419,979
2.44
24, 526
372,983
2.64
34, 516
297,168
2.89
34, 637
270, 383
3.16
30,214
269, 496
3.22
19, 862
257, 926
3.06
3, 733
250,110
2.89
16,353
239,817
2.82
18, 449
245.086
2. 95
21,686
237, 420
3.10
26, 872
229,436
.61
.67
10,066
34, 339
.76
10, 755
36, 669
.78
10, 942
26, 389
.76
5, 999
18, 955
.73
12, 231
15, 676
.76
6,357
26, 594
.76
1,127
20,496
.73
784
16, 675
.65
4, 550
17,010
.61
6, 554
17,758
.63
8,021
22,817
.64
11,406
32,164
338. 647
350, 722
Consumption, factory _ — thous. of Jb.
379 256 1 104 890
395 967
585, 293
761,446
Production
do
699.673 1 247,889
776, 542
504,968
461,497
365 870 1 393 452
445 114
Stocks, end of quarter .
do
Greases:
121,155
118,673
Consumption, factory _ _ _ _ _ _ _ do _
125 047
.. 135 020 1 39 945
124, 006
140, 991
Production
do
141 ""87 1 45 259
140 105
""(
105, 815
103, 068 :.______:
Stocks, end of quarter
do
:::::::::
102, 044 1 100,004
100!330 ""
- Deficit.
§Data revised for 1939; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 Survev.
•b Publication of detailed foreign trade statistics has been discontinued for the duration of the war.
1 Data reported monthly beginning July 1942.
Data are no longer available for publication.
^Revisions for quarters of 1940 not shown in the December 1941 Survey will be shown in a subsequent issue
^The compilation of data on consumption, production, purchases, shipments, and stocks of sulfuric acid by fertilizer manufacturers formerly published in the Survey
has been discontinued.
f Revised series. Data for telegraph and cable carriers revised beginning 1934, see table 48, p. 16, of the Novem ber 1940 Survey. Wholesale price of gum rosin revised beginning 1919; see table 3, p. 17 of the January 1941 Survey.
•New series. Data beginning 1926 for price of synthetic, refined methanol will be shown in a subsequent issue. 0*Formerly designated "refined (N. Y . ) . "
• T h i s price has been substituted beginning 1935 for the one previously shown in the Survey. Revisions for Jan. 1935-July 1937 will be shown in a subsequent issue. There
http://fraser.stlouisfed.org/
has been no change in data beginning with Aug. 1937. Prices are quoted per ton, in 100 lb. bags, and have been converted to price per bag.
Federal Reserve Bank of St. Louis
S-22
SURVEY OF CUREENT BUSINESS
Monthly statistics through December 1939, to- 1943
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
October 1942
1941
August
September
October
1942
Novem- December
ber
January
February
March
April
May
June
July
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Animal, including fish oils, quarterlyt—Con.
Fish oils:
Consumption, factory
thous. of l b . .
50,018
54, 513
50,176
42,798 3 16,067
Production .
. __
do.
83,140
81, 685
7,128
11,713 * 10,342
162,659
Stocks, end of quarter
do
189,916
171, 398
160,540 3 162,869
Vegetable oils, total:
Consumption, crude, factory (quarterly) t
788
1,106
mil. of lb .
744
1,048
3 210
7.428
7,185
Exports
thous. of lb_.
93,221
94,756
Imports, total §
do
5, 767
7,120
Paint oils t
.
do
87,453
All other vegetable oils f__
-do
87, 636
(*)
723
1,205
Production (quarterly) $ _ _ __ mil. oflb
1,018
710
3 214
Stocks, end of quarter: X
700
902
895
Crude
do
761
3 729
3
300
450
521
513
Refined
..
do
458
Copra:
56, 403
64,993
36,158
Consumption, factory (quarterly) J.short tons.
14, 611
33, 766
25,487
Imports
..do
(b)
(a)
36,413
33, 789
Stocks, end of quarter %
do.. .
(°)
Coconut or copra oil:
Consumption, factory:
187, 302
184,737
113, 643
Crude (quarterly) t--thous. of lb_.
35,085
3 9, 316
73, 983
79,028
49, 437
12,995
3 3, 294
Refined (quarterly) t
do .
3,574
2,146
2,421
4,680
4,198
4,153
728
In oleomargarine
do
481
136
(0
44, 695
46, 369
Imports §
. . . ..do
Production (quarterly): J
70,444
80, 366
45 392
Crude
do
17, 740
93, 710
97,464
Refined
-__
do
65, 072
13,512
3 3,715
Stocks, end of quarter: J
186, 290
178,463
135, 790
Crude
do
126,087 3 129, 703
3
16, 994
16, 248
Refined
do
15,131
10,017
9,325
Cottonseed:
419
474
586
669
505
93
'109
413
224
88
317
Consumption (crush)___thous. of short tons..
62
144
1,040
218
679
1,264
'107
361
157
144
52
Receipts at mills
do
22
27
27
21
749
1,037
129
1,437
1,344
1,293
Stocks at mills, end of month
do
145
768
503
81
301
116
177
Cottonseed cake and meal:
102
53
Exports§
- short tons
40,845 ^47,185 180, 929 294, 821 255, 608 222, 533 206,817 176,833 139,742
Production
_
do
38, 269
31,384
97.180
62, 361
Stocks at mills, end of month
„ do
133,495 '132, 323 174,385 291, 815 356, 670 380, 366 370, 564 372,208 338, 711 311,403 286, 844 250,715 192,910
Cottonseed oil, crude:
Production
. . thous. oflb
28,233 '34,121 129,499 208, 538 178, 276 154.450 146.676 128,843 101.526
72, 671
27, 534
20, 996
47, 058
79, 584 133, 228 159, 259 169, 998 181, 533 170,913 137,975 105, 714
Stocks end of month
do
34,167
27, 907 '31,151
80, 989
51, 291
Cottonseed oil, refined:
317,273
287, 061
Consumption, factory (quarterly)%
do.. _
292, 882
232, 482 3 90,054
12, 525
14,129
14, 427
14, 650
10,131
13, 708
14,738
In oleomargarine
do..
13, 837
11,883
10, 352
10, 400
10, 235
Price, wholesale, summer, yellow, prime
.136
.124
.137
.131
.129
.119
.139
(N. Y.)
..
dol. per lb
.139
.140
.138
.140
.140
.141
63, 536 143, 761 142,251 136,112 119,457 130,622 127,442 100, 548
Production
thous. of lb_. 32, 942 '32,611
52, 807
36, 661
71, 502
Stocks, end of month
do..
230, 569 '226,522 178, 724 203, 544 273, 448 314, 330 322, S72 351,683 389,010 402, 540 394, 580 369, 745 310, 433
Flaxseed:
1,853
1,139
Imports
. . .
thous. of bu_.
Minneapolis:
3,682
742
662
1,292
1,777
8,323
704
5,438
Receipts
do
708
633
447
490
585
412
67
311
120
297
101
483
141
Shipments
- do .
154
130
164
144
90
4,773
4,443
3,430
4,714
3,864
3,897
Stocks
do
835
3,105
2,634
2,120
826
468
1,078
Duluth:
1,252
192
180
348
17
1,000
Receipts
do
3
517
5
241
4
129
56
319
438
467
109
36
481
Shipments
.
. -- _.do__
236
249
46
105
233
566
455
1,418
1,404
485
1,937
1,691
1,386
Stocks
do
379
1,067
925
423
1,026
98
527
Oil mills (quarterly):
3
12,175
13, 065
Consumption t
- do
13, 425
12,526
3, 981
3
12, 385
12, 557
Stocks, end of quarter.. .
do
3,965
4,197
8 477
L99
1.84
2.00
1.87
2.23
Price, wholesale. No. 1 (Mpls.).-dol. per bu__
1.89
2.40
2.33
2.54
2.46
2.60
2.62
2.58
131,485
Production (crop estimate)
thous, of bu 2 42 513
Linseed cake and meal:
1,740
914
Exports!
....thous. of lb__
45,840
34, 360
53, 760
32,120
37, 400
Shipments from Minneapolis
do
51,810
34,200
37,640 34, 400
28,880
25,840
23,440
31,440
Linseed oil:
141, 913
Consumption, factory (quarterly)t
do .
146,147
153, 620
151,183 3 46,826
.114
Price, wholesale (N. Y.)
dol. per lb_.
.112
.108
.108
.101
.113
.136
.141
.119
.133
.137
.141
.139
236, 744
Production (quarterly)
thous. oflb
251, 723
258 720
241,015 3 76,782
21,900
15, 750
17, 950
Shipments from Minneapolis
do
21, 500
21,350
22, 000
22,250
21,850
22, 400
23, 600
27, 900
22,100
30, 000
161, 255
198, 579
Stocks at factory, end of quartert
do
235, 897
225 615 3 211,087
Soybeans:*
13,175
Consumption (quarterly)
thous. of bu__
19, 232
20, 500
3 6,595
18,497
Price, wholesale, No. 2, yellow (Chicago)
1.83
dol. per bu__
1.57
1.67
1.58
1.60
1.83
1.95
1.71
1.83
1.86
1.72
1.72
1.80
Production (crop estimate)
thous. of bu__ 2 211,452
1106,712
690*
Stocks, end of quarter
do
19,431
""I9,"9O7"
~3"16,244
SoTbean oil:*
Consumption, refined (quarterly)
thous. oflb
90,803
98,205
118, 285
123,400 3 42, 629
Price, wholesale, refined, domestic (N. Y.)
.124
.114
.126
dol. per lb__
.121
.132
.125
.135
.135
.135
.135
.135
.135
.135
Production (quarterly):
115,686
Crude
...thous. oflb..
177,217
188,805
167,945 3 59,843
96,951
Refined
_
.do
108,850
151, 998
147, 269 3 48,061
Stocks, end of quarter:
29,666
Crude
- ....
do
68,450
86. 231
78, 719 3 78,350
36,120
Refined
_
do
41,846
56, 639
76,098 3 73,099
Oleomargarine:
33,095
32,147
25,174
33,932
35, 848
Consumption (tax-paid withdrawals)©_do
33,754
26, 759
31, 767
29, 721
23,079
23,081
22,535
Price, wholesale, standard, uncolored (Chicago)
dol. per lb
.140
.154
.140
.140
.140
,145
.150
.153
.150
.150
.150
.150
.150
33,124
Production©
..-___thous. oflb..
24,803
32, 503
35, 071
34,060
34, 638
32, 541
28,641
30, 768
27, 600
29, 383
27,130
l
b
« Not available.
Dec. 1 estimate.
2 Sept. 1 estimate.
See note marked " a " on p. S-21.
* Less than 500 pounds.
3 Data reported monthly beginning July 1942.
§Data revised for 1939; for exports, see table 14, p. 17, and for imports, table 15, p. 18, of the April 1941 Survey.
tRevisions for quarters of 1940 not shown in the December 1941 Survey will be shown in a subsequent issue.
•New series. Earlier data for the series on soybeans and soybean oil will be shown in a subsequent issue.
fRevised series. The series on imports of paint oils and all other vegetable oils have been revised to exclude data for oiticica oil from "all other" where they have been
included
and include them with paint oils. Earlier data are available on request. The revision does not affect the total imports of vegetable oils.
©Data revised beginning July 1939, see note marked " t " on p. 40 of the April 1941 Survey.
S-23
SURVEY OF CURRENT BUSINESS
October 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
August
September
Octo- j Novem- December
ber
ber
January
February
March
April I May
Juno
July
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS—Con.
Shortenings and compounds:
Production
thous of lb_.
Stocks, end of quarter
do
Vegetable, price, wholesale, tierces (Chicago)
PAINT SALES
dol.perlb..
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:t
Total
do
Classified, total
do
Industrial
do
Trade
do
Unclassified
do
327,615
50,474
315, 707
53,351
329,867
60, 790
.145
.153
.156
.153
.156
.164
.165
.165
183
67
195
67
171
69
161
40
217
47
190
46
172
36
224
359
279
462
253
471
210
278
175
496
185
428
48, 647
44,140
20, 247
23,893
4, 506
50,363
45,334
19,709
25, 625
5, 029
51,138
46,178
21,454
24, 724
4,960
41, 368
37, 531
18,727
18,804
3,837
41,708
37,861
19, 200
18,661
3,848
243
1,437
1, 510
284
1,479
1, 565
252
1, 521
1,630
268
1,483
1,569
17
573
580
19
585
622
21
630
723
2,670
2,506
2,991
2,813
3,981
1.157
1, 543
1,281
4,146
1,227
1,535
1,385
246,304
63,208
i 95,477
i 56,823
.170
.170
162
43
161
51
193
49
173
32
103
29
196
323
183
412
261
260
594
268
517
235
406
47,044
42,032
19,190
22,842
5,012
45,176
39,745
17,619
22,126
5,431
48, 070
42,617
18,898
23, 719
5,453
50, 530
44,849
19,009
25,840
5,681
49,204
44,141
18,140
26,000
5,064
269
1,485
1,658
272
1,618
1,755
251
1,377
1, 545
242
1,434
1,394
245
1,415
1,526
186
1,296
1,305
215
1,374
1,364
22
558
624
23
501
550
24
585
542
33
567
504
22
519
486
50
568
588
53
465
483
101
557
523
3,439
3,453
2,979
2,777
3,397
3,165
3,789
3,597
3,478
3,225
3,644
3,444
3,607
3,461
3,179
3,054
3, 241
3,048
4,737
1,345 I
1,724
1.66b
3,825
1,070
1,315
1,441
3,033
813
955
1,265
2,743
675
761
1,307
3,085
782
862
1,441
3,692
969
1,132
1,592
4,198
1,178
1,511
1,509
4,391
1,227
1, 697
1,467
4,397
1, 280
1,582
1, 528
43, 982
39, 513
' 17, 082
22,430
4,409
42,
37,
17,
20,
4,
r
221
987
173
813
234
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, and tubes:
Consumption in reporting company plants
thous. of lb...
Production
do
Shiprnentsc?
do_-_
Cellulose-acetate:
Sheets, rods, and tubes:©
Consumption in reporting company
plants
_._"_.thous of lb.
Production
do
Shipmentsc?
do...
Moulding composition:
Production...-do
Shipments}
.
do...
ROOFING
Asphalt prepared roofing, shipments:
Total
thous. of squares..
Grit roll
do__.
Shingles (all types)
do...
Smooth roll
do
4, 908
1,726
1,431
1,751
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.-br_.
Other producers
do
Sales to ultimate customers, total t (Edison
Electric Institute)
mil. of kw.-hr..
Presidential or domestic.
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 customers f
(Edison Electric Institute)
thous. of doL.
r
14, 364
15, 246
14, 491
15,651 ]
15,646
14,102
15,053
14,588
14,991
15,182
10, 364
4,000
11, 041
4, 205
10, 402
4,089
11,156
4,495
11,050
4,595
9,664
4,438
9,438
5,615
8,979
5,609
9,632
5, 360
9,831
12, 862
1,501
13, 687
1,559
13, 056
1,435
14, 224
1,427
14,110
1.536
12,612
1,491
13, 322
1,731
12, 949
1,639
13, 326
1,665
13, 394
1,788
12,146
2,031
297
12, 380
2,092
226
12,308
2,266
170
12, 768
2,393
148
13, 242
2, 673
145
12,572
2, 405
156
12, 558
2,244
168
12, 536
2,139
206
12,487
2,047
216
12, 070
2, 025
270
13, 166
2 053
335
2,120
6,771
170
251
467
40
2,100
6,951
193
275
501
42
2,163
6, 672
206
281
503
47
2,189
6, 882
224
301
569
63
2,450
6,777
217
307
597
76
2,303
6,590
187
306
550
74
2,199
6,828
181
306
560
72
2,156
6,988
158
294
525
69
2,124
7,074
143
294
356
69
2, 160
2, 247
7 482
137
223, 515
226,043
228, 884
234,153
239,611
250, 526
237, 957
230, 766
227, 610
225,602
227, 057
10,320
9, 555
283
470
27,091
15,109
1,108
10,718
10,402
9,619
308
466
29,210
16, 746
1,203
11,079
10,417
9, 617
333
456
31,845
17,462
2,402
11,747
10,428
9,618
351
450
35, 724
15,879
7,491
12,086
10,474
9,646
367
451
39,892
16, 200
10, 752
12,618
10,434
9,616
344
465
43,705
18, 268
12,294
12,796
10, 482
9, 651
359
463
42, 357
17, 672
11,917
12, 425
10,454
9,626
343
471
41, 296
17,629
10, 224
13,129
10,463
9,621
359
470
38,161
16,875
7,722
13, 280
10, 544
9,694
372
466
34,873
16, 534
5, 296
12, 794
10, 542
9, 706
359
466
31,983
17, 125
2, 604
12, 035
27,802
20,360
923
6,411
29,887
22,003
1,118
6,657
31,854
22, 712
1,941
7,063
33,692
21,908
4, 248
7,373
36,107
22,042
6,191
7,693
23,016
7,728
7,739
37.759
21,924
7,960
7,684
36, 526
21,663
6,937
7,734
34, 286
21, 574
4,881
7,649
33,143
22, 407
3,083
7,506
31,245
22, 210
1, 918
6, 996
7,882
7, 334
545
110,966
16,792
91, 328
7,942
7,392
548
115, 379
17,812
94,873
8,012
7,444
565
127,179
22,400
102,073
8,174
7,554
617
143, 343
36,976
103,639
8,215
7,585
628
160,937
50,694
107,125
8,171
7,554
614
178,028
67, 790
107, 521
8,183
7, 572
609
174,389
62, 485
108,679
8,230
7,610
618
171, 979
61,451
107, 491
8,272
7,656
613
152, 971
46, 305
105, 232
8 280
7 676
607
133 665
33 400
97 756
8, 192
7; 015
575
120, 783
23. 898
94, 151
31,417
13, 534
32,131
13,836
17.973
36, 739
16,883
19,528
46,461
24,655
21, 433
56,124
32,242
23,448
67,665
42,000
25, 241
63.760
38,433
24,816
61, 848
37, 312
21. 901
52,552
30,084
22. 253
43, 738
23, 243
20,135
36, S93
.18,018
IS. 525
16, 276
!, 047
\, 228
7, 205
132
302
509
G6
16, 005
r 10, 877
r
5, 128
34, 047
1> 958
r
522
09
232, 460
GAS
Manufactured gas:f
Customers, total
thousands.Domestic
do_-_
House heating
do
Industrial and commercial
do
Sales to consumers, total
mil. of cu. ft.
Domestic
do
Bouse heating
do___
Industrial and commercial
do...
Revenue from sales to consumers, total
thous. of doL.
Domestic
do.__
House heating
do
Industrial and commercial
do
Natural gas:f
Customers, total
thousands.
Domestic
-_._
do
Industrial and commercial
do_-_
Sales to consumers, total
mil. of cu. ft...
Domestic
do
Ind'L, com'L, and elec. generation
do
Revenue from sales to consumers, total
. i
thous. of dol..
Domestic
__
do
]
Ind'L, com'L, and elec. generation
do
'
17, 540
r
b
Revised.
a No quotation.
i Data reported monthly beginning July 1942.
Publication of data discontinued.
^Includes consumption in reporting company plants. {Excludes consumption in reporting company plants.
• Monthly data for 1920-39, corresponding to averages shown on p. 97 of the 1940 Supplement, appear in table 28, pp. 17 and 18 of the December 1940 Survey; revised data
for all months of 1940 are shown on p. 41 of the June 1941 Survey; revisions for 1941 not shown in the July 1942 Survey will be shown in a subsequent issue.
©Data do not include cellulose acetate safety glass sheets.
fRevised series. Manufactured and natural gas revised beginning January 1929; earlier data will appear in a subsequent issue. Revised electric-power sales and revenue
from sales beginning 1937 will be shown in a subsequent issue. Data on sales of paint, varnish, lacquer, and fillers cover 680 companies and replace the series for 579 companies
previously
shown in the Survey; earlier data are shown in table 14, p. 26 of the July 1942 Survey.
S-24
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
October 1942
1942
1941
August
September
October
Novem- December
ber
January
February
March
April
May
June
July
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
Production
thous. of b b L .
Tax-paid withdrawals.._
do
Stocks
do
Distilled spirits:
Apparent consumption for beverage purposes*
thous. of wine gal...
Production
__.. thous. of tax pah.
Tax-paid withdrawals
do
Imports
thous of proof gal..
Stocks
thous. of tax pal._
Whisky:
Production
do
Tax-paid withdrawals
do...
Imports
thous. of proof gal.
Stocks
thous. of tax pal.
Rectified spirits and wines, production, total
tbous. of proof gal__
Whisky..
do
Still wines:
Production
thous. of wine gal..
Tax-paid withdrawals
do
Imports..
do
Stocks
do
Sparkling wines:
Production
_
do
Tax-paid withdrawals
do
Imports...
«
do
Stocks
do
DAIRY PRODUCTS
Butter, creamery:
Consumption, apparent!
thous. of lb__
Price, wholesale, 92-score (N. Y.) dol. per lb_.
Production (factory)t
thous. of lb..
Receipts, 5 markets
do
Stocks, cold storage, end of month
do
Cheese:
Consumption, apparent!
do
Imports?
_..
do
Price, wholesale, No. 1 American (N. Y.)
dol. per lb__
Production, total (factory)!
thous. of lb__
American whole milk!
do
Receipts (American), 5 markets
do
Stocks, cold storage, end of month.
do
American whole milk
do
Condensed and evaporated milk:
Exports :§
Condensed (sweetened)
do
Evaporated (unsweetened)
do
Prices, wholesale (N. Y.):
Condensed (sweetened)
dol. per case..
Evaporated (unsweetened)
do
Production, case goods:!
Condensed (sweetened)
thous. of lb_.
Evaporated (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 lOOlb..
Production (Minneapolis and St. Paul)
thous. of lb__
Receipts:
Boston
__thous. of qt_.
Greater New York
___do.___
Powdered milk:
Exports-..
thous. of lb._
Production}:
.
do
Stocks, manufacturers', end of m o n t h . . d o —
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)!
thous. of bu._
Shipments, carlot
no. of carloads..
Stocks, cold storage, end of mo._thous. of bu__
Citrus fruits, carlot shipments.no. of carloads..
Onions, carlot shipments
do
Potatoes, white:
Price, wholesale (N. Y.)
dol. per 1001b...
Production (crop estimate)
thous. of bu_.
Shipments, carlot..
no. of carloads..
6,984
6,864
8,487
2
5,291
5,240
8,384
4,989
4,920
8,207
3,842
4,074
7,783
4,421
4,521
7,446
4,432
3,970
7,672
4,438
3,763
8,148
5,154
4,577
8,491
5,728
5,030
8,950
6,142
5,978
8,835
6,145
5,786
8,953
6,803
6,814
8,651
16,940
10,741
13,931
15,593
13,861
13,749
12,984
18,535
12,903 10, 571 fc9,716
30, 667 20, 768 18,778
6 7, 968
9,413
8,586
9,233
11,312
10, 505 11,108
9,641
12,801
(•)
555,462 558,967 567,403 574,937 577,140 '542,884 •543,512 '543, 094 541,188 537, 737
13, 632 13, 088 11,486
9,424
13, 834 11,828
970
7,039
10, 020
' 6, 586
9,058
8,143
6,832
6,519
6,417
7,501
' 7, OPS 9,212
6,631
8,585
7,602
777
1,423
(•)
501, 587 499,503
505, 557 511,211 516,456 519, 790 520, 765 521, 503 521, 033 519,197 515, 847
£04,041
6,249
6,006
6,199
5,943
5,871
4,583
6,481
' 5, 7P8
4,625
6,330
5,499
4, 627
5,040
3,772
4,715
5,627
'4,817
3,902
5,167
4,881
2, 510
11,851
1, 846
1,843
8,375
95, 884 130, 886 54,135
1,308
8,079
8,832
10, 633
9,446
7,018
10,123
8,546
8,123
90
132
(°)
106,377 136,457 183,015 193, 275 183, 560 176, 627 167, 079 158, 041 150,023
528
213
77
119
114
93
111
118
74
68
155
114
137
36
112
33
124
29
150
71
32
44
11
4
690
748
817
761
719
742
780
1,050
895
13,311
16,980
6, 893 ' 8, 339 21, 201
15, 379 ' 10,0.° 5 11,969
1,549
855
'529, 089 522, 016 547,678
b
5, 743
10, 143
507, 493
7,547
6, 651
150, 745 147,036
41
.36
.37
169, 620 168,339 146,069
58, 982 60,942
55,666
152, 037 200, 228 202,957
66,496
1, 758
()
36
.36
133,530 112,461
43,433
53, 025
186,635 152,484
.35
.35
116,659 '•119,825
47, 393
48,149
83,106
114,436
.35
.35
118,020 '135,920 149,585
45,170
55, 718 55,135
63, 701 45, 045 37, 228
5. 90
3.75
.38
38
.37
203, 360 203. 860 188, 665
71, 554 83. 601 70, 843
64, 720 117,111 ' 148, 504
66, 765
1,464
.24
.26
.25
.26
.24
.26
.24
.26
104, 008 '91,483
74, 422 69, 850 72,105
88, 770
86, 551 83, 607 71,426
87, 225 75, 680 70, 734 66, 887 56, 334 58,744 '62,350 '62, 505 '77,215
22, 601 15,634
13, 542 14, 356 12. 928 21,965
15, 784 13.648
18,097
281,629 184,940 188, 337 188,727 189,002 201,613 165,018 160, 073 188, 333
245, 358 151,906 156, 746 157,468 158,238 171,869 137, 276 133,140 163, 939
8,865
40, 687
6,300
45, 875
5.80
3.70
5.56
3.85
.23
103,030
'88,810
21, 432
203, 901
178,473
.23
136, 280
117,085
18, 066
222, 637
195.537
5.90
3.80
5.90
3.75
.24
.24
131,100 115, 385
110.430 97, 005
24, 416 25,500
261.935 ' 296, 763
228, 478 '261,535
(a)
()
5.40
3.85
5.90
3.85
5.90
3.85
5.90
3.85
5.90
3.85
5.90
3.85
9,832 <• 1 1 , 0 5 2 ' 10,105 '10,372 ' 8, 726
3,187 ' 4,270 '6,105
6,922
'5,518
277, 969 308,855 290,634 281,683 259, 758 286,684 '"313,517 300,003 339,522 358,443
5,412
12,024
9,000
6,223
11,906
11,245
6,469
10,062
10,494
8,292
211,001 289,904 339,716 382, 605 417,643 328,475 252, 532 218,410 213, 550 222,485
6,230
6,113
5,897
5, 764
6,049
5, 474,
6,044
4, 582
5,167
2.73
2.74
2.66
2.70
2.60
2.49
2.40
2.76
2.75
2.75
27,159
29,018
35,194
39, 349
38, 794
5. 90
3.75
5.90
3.75
r
6,782
8,970
5, 051
449, 330 402, 584 326, 331
7,445
8,178
294, 579 330,810
6,733
292, 911
4,919
2.75
2.75
5,255
2.75
49, 032
44, 402
37, 401
31, 573
30,658
25, 972
25, 778
22,027
127,050
21,895
132,725
55,100
41,160
2,760
36, 885
31, 705
4,155
32, 979
26, 975
()
29,169
21,470
26, 305
18, 732
31,253
20,156
40,000
22, 931
41,800
28,789
54,000
38, 482
61,400
47,459
78,100
60, 595
79. 600
61, 604
61.000
48, 597
126,131
724
0
9,701
1,891
0
10,413
1.706
5,236
10,351
8,236
3,854
11,073
31,321
10, 460
3, 641
6,322
31,181
14,313
2,491
126, 076
4,974
25, 732
17,051
1,947
3,704
20,162
20, 329
2, 660
3, 951
14,238
18, 052
1,856
4,001
8,207
20, 831
1,466
3,315
3,521
19, 592
2,925
1,840
1.259
19.312
4,672
783
0
15, 894
2,246
696
0
12,140
1,530
1.794
378, 396
9,909
1.806
1.845
1.944
2. 638
2.719
2.525
2.250
2.644
2. 883
2.919
~~8,~393"
"21," 738" "I6,"556" ~2l~989"
19,827
21, 016
24,473
11, 294
.71
.92
.76
.65
4,541
6,916
4,118
3,600 I 3,015
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, including flour and
meal§
thous. of bu._
Barley:
Exports, Including malt§
do
Prices, wholesale (Minneapolis):
.82
No. 2, malting.
dol. p e r b u . .
.64
No. 3. straight
do
Production (crop estimate)
thous. of bu._ 2 419,201
18,
872
Receipts, principal m a r k e t s .
do
5, 514
Stocks, commercial, end of mo
do
r
' 6, 025
'6,157
'8,608
2.163
44,986
43, 796
21,162
21, 250 19, 575 22, 756
130, 314 126, 383 115, 501 130, 619
22, 655
129,195
2.330
357, 783
" 14," 162" 14,016
5,037
9,116
674
284
.55
.51
.69
.60
10,468
5,514
20,842
21,802
135, 906 126,453
14,111
6,977
&
24, 321 25, 855 25,331
135, 661 135,159 135, 854
C)
.69
.55
"9," 116"
7,757
.82
.68
• 358, 709
13, 239 12,190
10,002
8,739
.87
.76
!, 827
), 681
.87
.73
7, 220
9, 656
.86
.70
5, 770
8, 324
"4,~813"
6,344
Revised, i December 1 estimate.
September 1 estimate.
N o t i n c l u d i n g high-proof spirits p r o d u c e d a t registered distilleries.
^ P r o d u c t i o n in " c o m m e r c i a l a r e a s . " Some q u a n t i t i e s u n h a r v e s t e d o n account of m a r k e t conditions are i n c l u d e d . § See n o t e m a r k e d " § " o n p . S-26.
° T h e p u b l i c a t i o n of detailed foreign t r a d e statistics a n d c o n s u m p t i o n series in w h i c h t r a d e statistics are used h a s been discontinued for t h e d u r a t i o n of t h e w a r .
f F o r revised 1939 a n d 1940 d a t a for t h e i n d i c a t e d series on d a i r y p r o d u c t s , see note m a r k e d " t " on p . S-24 of t h e D e c e m b e r 1941 S u r v e y ; revisions for 1941 n o t s h o w n a b o v e
a n d i n t h e A u e u s t 1942 S u r v e y are available on r e q u e s t .
JPrior t o t h e A p r i l 1942 issue of t h e S u r v e y d a t a p u b l i s h e d c u r r e n t l y represented only r e p o r t i n g companies. B e g i n n i n g w i t h t h a t issue, all d a t a are e s t i m a t e s of total
production c o m p a r a b l e w i t h 1940 d a t a on p . S-24 in t h e D e c e m b e r 1941 S u r v e v : revised 1939 d a t a are available on r e q u e s t .
FRASER * N e w series. D a t a compiled b y t h e Distilled Spirits Institute, Inc. Earlier d a t a will b e shown in t h e 1942 S u p p l e m e n t .
Digitized for
October 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
S-25
SURVEY OF CURRENT BUSINESS
1943
SepAugust August tember
1941
Octo- Novem- December
ber
ber
1942
January
February
March
April
May
June
July
FOODSTUFFS AND TOBACCO—Continued
GRAINS, ETC.—Continued
Corn:
Exports, including meal§
thous. of bu__
2,834
1,211
()
Grinding
_
_
.do
9,514
9,676
9,256
10,039
8,653
8,579
732
11,072 10,948 10, 205
10,118
9,768
9,717
Prices, wholesale:
.84
.85
.75
.75
.70
.82
.71
.76
.85
No. 3, yellow (Chicago).
dol. perbu..
.82
.82
1.02
.98
.84
.81
.75
.78
.83
.97
.96
No. 3, white (Chicago)
do
.90
.96
.97
1.00
.86
.84
.74
.73
.67
.66
.72
.84
Weighted avg., 5 markets, all grades-do
.81
.78
.85
'2,672,541
Production (crop estimate)
thous. of bu__ 3,015,915
20,126
18,776
27,496
24,041
Eeceipts, principal markets
.-do
24,354
24,098 30, 570 25, 755 22, 448 23, 578
28,107
29,494
30,357
13,889
15,124
17,099
16, 613 17, 595 20,173
20,555
15,847
Shipments, principal markets
-do
13,193
16,280
15,849
17,524 19,793
43,CS7
40,099
64,408 57,012 51, 774
39,835
Stocks, commercial, end of month
-do
39,137 40,135
47,946
50,311
59,884
60,973 63,363
Oats:
224
113
Exports, including oatmpal§
-do
C)
Price, wholesale, No. 3, white (Chicago)
.49
.44
.53
.37
.46
.56
.55
.58
dol. per bu_.
.54
.55
.49
•1,176,107
Production (crop estimate)
thous. of bu._ 1,353,431
10,414
7,052
5,813
16,918
6,720
6,642
14,607
7,947
5,670
5,253
3,671
1,519
5,614
Eeceipts, principal markets
-do
5,132
3,776
11,562
11,771
11,030
9,473
5,893
13,427
7,483
2,109
2,191
1,625
Stocks, commercial, end of month
do
4,642
Rice:
262,066 224,709
Exports §_
pockets (1001b.)_.
4,709
23,418
Imports
do
Price, wholesale, head, clean (New Orleans)
.069
.044
.049
.064
.C68
.041
.043
.068
.070
.070
.070
dol. per lb_.
.080
Production (crop estimate)
tbous of bu._ 72,282
» 54,028
Southern States (La., Tex., Ark., and Tenn.):
Eeceipts, rough, at mills
2,191
2,321
2,099
1,325
298
312
650
1,148
681
104
70
tbous. ofbbl. (1621b.)__
198
14
Shipments from mills, milled rice
1,425
1,278
1,772
1,315
822
1,700
187
253
thous. of pockets (100 lb.)__
648
1,405
253
471
1,256
Stocks, domestic, rough and cleaned (in
terms of cleaned rice), end of month
712
439
158
861
2,627
2, 583
1,885
1,683
3,007
282
109
2,508
thous. of pockets (100 lb.)_.
844
California:
Eeceipts. domestic, rough...bags (1001b.).. 40, 293 297,688 114,931 263,460 316,496 378,554 465,182 229,404 278,245 499,885 422, 998 469,837 194,148
Shipments from mills, milled rice do— 69,944 82,137 72,446 131,856 290,089 260,941 137,749 97,631 162,316 420,205 195, 996 392,090 166, 373
Stocks, rough and cleaned (in terms of
cleaned rice), end of mo..bags (100 lb.)_. 107,281 379,134 337,263 354,827 247, 542 210, 534 343,001 374,565 364, 795 242, 690 290, 831 187, 381 152,048
Rye:
.62
.64
.68
.78
.75
.59
.68
.60
.61
Price, wholesale, No. 2 (Mpls.).dol. per bu_.
.80
.60
.72
» 45,191
Production (crop estimate)
tbous. of bu__ 2 59, e,65
1,133
2,475
1,913
1,091
2,508 " 1 " 944' ~~4,~944 ""2,163 "2,150
2,115
861
1, 269
Eeceipts, principal markets
do
566
Stocks, commercial, end of month
do— 17,288 14,637 17,243 17,504 17,645 17,474 16,785 17,029 17, 551 17, 333 17, 240 17,034 17,212
Wheat:
164,501
179,253
185,815
169,181
Disappearance
do—
6,767
3,137
Exports, wheat, including flour §
do
3,771
769
Wheat only §
-do
Prices, wholesale:
No. 1, Dark Northern Spring (Minneapolis)
1.13
1.14
1.14
1.24
1.20
1.25
1.06
1.10
1.14
1.23
1.19
1.14
1.28
dol. per bu__
1.26
1.22
1.19
1.30
1.31
1.20
1.08
1.13
1.17
1.27
1.21
1.16
1.34
No. 2, Eed Winter (St. Louis)
do.
1.11
1.08
1.11
1.21
1.13
1.20
1.23
1.07
1.12
1.15
1.15
1.14
1.26
No. 2, Hard Winter (K. C.)__
.do.
1.11
1.10
1.11
1.06
1.15
1.19
1.21
1.05
1.02
1.14
1.16
1.12
1.20
Weighted av., 6 markets, all grades..do—
945,937
Production (crop est.). total
thous. of bu 981,793
274, 644
Spring wheat
do_. 284,085
671,293
Winter wheat
.
do.. 697,708
26,269
16,394
9,155
14, 762
17, 642 14,086
14,579
10,471
11,195 12,129
12, 861 12, 336 26, 563
Shipments, principal markets
do
Stocks, end of month:
378,091 438, 088 452,018 476.307 473,995 471,492 465,608 458,692 446,983 420,880 398,177 384,746 390,572
Canada (Canadian wheat)
do.
632,611
S01,792
1,152,108
United States, total 1
do.
" " 607
266,149 274, 629 284,920 280," 588 276,260 270,835 258,570 249,891 237,777 229,407 221,896 224, 441 261^422
Commercial
do
141,789
171,432
207,351
223,975
Country mills and elevators
do
96, 837
122,461
135,601
154,902
Merchant mills
,
do__.
159,544
373,820
488,311
270,122
On farms
do...
Wheat flour:
10,545
Disappearance (Rus'l-Pearsall) .thous. ofbbl
604
425
<)
Exports§
-do...
38, 621
38,194
37,842 41, 465
36,141
39,123 43,247 44,251
37, 560
42, 403 43,611
Gnndings of wheat
tbous. of bu_.
Prices, wholesale:
5.51
5.73
5.60
5.84
6.17
6.33
6.00
5.75
5.88
6.30
6.48
5.76
5.95
Standard patents (Mpls.)
dol. per bbl_.
5.13
5.01
5.09
5.26
5.44
5.86
5.63
5.63
5.36
5.40
Winter, straights (Kansas City)
do
5.74
5.48
5.74
Production:
8,279
9,075
7,903
8,216
9,532
8,479
8, 378
8,592
9,495
9,693
9,283
8,058
Flour, actual (Census)
thous. of bbl_.
60.4
55.0
55.7
57.2
62.2
59.6
63.5
63.8
65.8
61.8
53.6
Operations, percent of capacity
54.6
10,553
(6)
9,047
11,170
Flour (Eussell-Pearsall)
thous. of bbl__
674, 351 745,899 766, 313 650,110 732, 746 756,199 663, 743 657,985 641,182 628, 939 656, 814 718,093
Offal (Census)
thous. of lb_.
Stocks, total, end of month (Russell-Pearsall)
5,900
5,700
6,000
thous. of bbl_
4,586
'"§," 961
"4," 002
"3,619
Held by mills (Census)
do...
LIVESTOCK
Cattle and calves*.
1,964
1,815
1,684
2,454
2,022
2,208
1,467
1,728
1, 789
1,741
1, 831
1,953
Eeceipts, principal markets thous. of animals- 2,398
Disposition:
1,085
1,284
1,094
1,127
1,054
1,116
1,210
1,198
1,209
1,129
973
1,032
Local slaughter
do.
724
1,044
612
694
956
961
660
479
1,196
816
Shipments, total
do.
724
680
341
264
242
439
514
199
310
443
313
Stocker and feeder
do
264
328
Prices, wholesale (Chicago):
13.26
14.87
13.63
12.59
13.22
13.11
11.55
11.40
12.57
11.73
11.73
12.60
12.39
Beef steers
dol. per 100 lb__
14.09
13.13
14.49
13.48
12.99
11.71
11.44
12.75
13.11
13.36
11.93
11.06
12.66
Steers, corn fed
__.do.
13.13
13.13
13.70
13.50
14.09
13.50
13.00
13.38
12.60
12.38
13.50
13.80
12.00
Calves, vealers
do.
Hogs:
2,694
2,452
2,638
3,704
2,035
2,542
2,832
2,630
1,895
2,463
Eeceipts, principal markets thous. of animals. 2,187
Disposition:
1,864
2,020
1, 625
1,488
1,905
2,098
2,692
2,670
1,995
1,998
2,256
1,361
1,748
Local slaughter.
do—
552
616
727
690
612
635
529
Shipments, total
do...
504
935
1,033
585
629
710
49
42
45
52
57
49
43
Stocker and feeder
do_._
37
63
60
Prices:
52
51
52
14.46
13.51
14.26
10.88
10.71
14.27
10.31
Wholesale, heavy (Chi.)....dol. per 100 lb.
11.42
10.51
11.37
Hog-corn ratio
14.39
12.49
14.13
15.2
16.9
15.7
14.8
15.5
16.9
16.3
bu. of corn per cwt. of live hogs.
15.7
15.3
14.5
2
15.2
16.6
16.3
Revised.
1 December 1 estimate.
September
1
estimate.
{Beginning
October
1941,
data
are
for
domestic
consumption
only,
excluding
grindings for export.
b
•See note "•" on page S-26.
Data not available.
§Data for 1939 revised: see table 14, p. 17 of the April 1941 Survey.
^Junefiguresinclude only old wheat: new wheat is not reported in stockfiguresuntil crop year begins in July.
ft
S-26
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- j 1 9 4 2
gether with explanatory notes and references [
to the sources of the data, may be found in the j . ,,„.,.Q(
r
1940 Supplement to the Sorvey
I
"'
October 1942
1941
August
September
October
1942
Novem- December
ber
January
February
March I April
May
June
July
FOODSTUFFS AND TOBACCO—-Continued
LIVESTOCK—Continued
Sheep and lambs:
2,023
Receipts, principal markets.thous. of animals
Disposition:
922
I, 201
Local slaughter
.
do
1, 497
1, 104
Shipments, total
do
377
4(12
Stocker and feeder... .
do
Prices, wholesale (Chicago):
4. F4
6. 19
Ewes
.
dol. per 100 lb_.
10. 88
1.1 37
Lambs
do.
!
MEATS
Total meats:
1,278
Consumption, apparent
mil. of 1b.
91
Exports§._.
- do...
1, 168
Production (inspected slaughter)
do_ _
916
('07
Stocks, cold storage, end of month
do...
72
93
Miscellaneous meats
do.,.
Beef and veal:
j
563, 986
Consumption, apparent
thous. of lb__j_
4, 029
Exports!
_ -.do_ ._'
Price, wholesale, beef, fresh, native steers
.176
(Chicago)
__. . ....
dol. per lb_.
557. 536
Production (inspected slaughter), thous. of lb_.
67,489
Stocks, beef, cold storage, end of mo.... do
L a m b and m u t t o n :
60,244
Consumption, apparent
do
60,364
72, 82!
Production (inspected slaughter)
do
3,306
7, 494
Stocks, cold storage, end of m o n t h
do
Pork (including lard):
653,854
Consumption, apparent
do
70, 508
Exports, total.
do
44,634
Lard
.._
do
Prices, wholesale:
.285
H a m s , smoked (Chicago)
dol. per lb__
Lard, in tierces:
.129
.103
Prime, contract ( N . Y.)
do
, 139
.118
Refined (Chicago).
do
Production (inspected slaughter), total
thous. of lb_ (M2.827 549,836
98,086
Lardf
d o . . . . 106. 660
422, 908 773,182
Stocks, cold storage, end of month
do
340 008 485,108
Fresh and cured
do
82, 900 288,074
Lardf
.
do
2,557
2, 833
1,818
1,719
1,791
1,535
1,866
1,866
1, 855
1,004 i
1,406 !
r.92 I
1,018
1,820
523
905
945
379
1,016
699
199
1,036
754
197
907
629
126
1,136
721
164
1,042
819
224
1,007
872
1,037
779
1. 103
1,024
269
10.98
5.22
10. 63
5.44
10. 57
6.06
11.20
6. 34
11.88
0.48
11. 25
6.91
11.00
7.24
11.38
6.84
13. 72
6. 11
13. 85
6. 00
13. 28
1,418
1,245
1,477
1,503
1,213
1,282
1,338
r 1,328
' 1,446
1,435
649
64
1. 394
720
73
1, 684
903
105
1,728
1, 097
123
1, 271
1,097
110
1,345
1,046
118
1,376
941
108
1,374
893
110
1, 531
823
112
592,169
3,181
635, 550
()
524, 974
uA, 166
617,671
518.851
560,617
598,990
562, 214 ' 632, 756
.176
580, 536
73, 366
.173
642, 731
89, 793
.191
. 173
535, 884 575, 794
135,478
314,330
.198
605. 041
142, 599
. 196
.200
513,157 545,801
150,410 147,514
.214
566, 213
126,884
.213
530, 200
99,075
62, 276
63,094
4.. 093
66, 453
67,206
4,783
55, 572
11, 244
6.432
64, 239
65,816
637, 395
97, 285
46,976
716, 262
664, 354
1,292
97
1,178
730
64
68, 451
68,781
8, 228
61,813
61, 701
8,122
73,311
73,422
8,180
69, 433
68,331
7,108
838,113
816, 538
632, 393
048,483
669, 803
702, 864
2,138
1,447
r729
109
.209
.210
609, 840 606, 516
r
82,
647
81,556
r 62, 497 * 58,964
58,899
61,158
5,313
5,711
66,916
5, 487
T
755,213
(o)
()
.296
.265
.271
.299
.303
.315
.321
.300
.111
.128
.104
.121
.104
.120
.106
,127
.112
.130
.121
.136
.125
.138
.126
.144
.126
.143
534,503
92, 231
589,322
371,362
217,960
725,158
127,469
490,694
313,268
177,426
800,819
141,579
526,735
350,270
176,465
,042,675 1,053,759
190,337 203, 306
655,049 823,129
468.538 613,659
186; 511 209, 470
696,100
128,465
823,169
616, 604
206, 565
725, 295
132,115
772,420
590,416
182.004
741,802
126,877
699,083
572, 799
126, 2s4
782, 338
135, 081
677, 844
559, 849
117,995
35, 220
96, 701
49, 351
127, 981
172,913
84, 224
218,392
18, 624
179,083
20, 509
139,677
23,123
96,716
29, 762
80, 242
32, 493
79, 200
1,887
1, 588
.295
.127
0)
.128
. 139
861.804 773. 247
151.017 139,043
624,433 531,896
522,173 433,547
102, 260 r 98, 349
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
thous. of l b _ . 37, 307
Stocks, cold storage, end of month
do
Eggs:
Receipts, 5 markets
thous. of cases..
Stocks, cold storage, end of month:
0, 759
Shell
thous. of cases.
Frozen
_
thous. of lb_ 272, 231
33, 368
85, 363
27, 302
206,120
876
833
587
892
6,131
194,006
5, 441
178,438
3, 857
153,843
1,670
129,533
549
05, 538
331
76, 293
529
73, 766
1,798
107,397
4,638
159, 585
16,841
. 0787
24,257
.0814
.0820
.0878
.0935
. 0950
. 0892
.0890
.0890
518
376
444
847
744
706
624
768
1,008
970
1, 073
1,001
766
665
680
609
1,006
842
.134
1,879
.134
1,780
.132
1,580
.131
1,393
.133
1,327
.134
1,471
.134
1,102
.134
850
.134
852
1,149
1,689
1,906
34, 435
• 79, 346
6, 945
7, 935
223, 831 278,499
r
7, 754
290, 529
.0890
. 0890
.0890
773
635
453
348
56
410
.134
825
. 134
1, 079
.134
973
TROPICAL PRODUCTS
Cocoa:
Imports!
long tons_.
Price, spot, Accra ( N . Y.)
dol. p e r l b . .
Coffee:
Clearances from Brazil, t o t a l . , thous. of bags..
To United States
do
Imports into United States§
do
Price, wholesale, Santos, N o . 4 ( N . Y.)*
dol. per lb_.
Visible supply, United States..thous. of bags..
Sugar:
Raw sugar:
C u b a n stocks, end of month
thous. of Spanish tonsUnited States:
Meltings, 8 ports
long torts.
Price, wholesale, 96° centrifugal (N. Y.)
dol. per lb_.
Receipts: F r o m Hawaii and Puerto Rico
long t o n s . .
Imports, total §
do
From C u b a
do
From Philippine Islands
do
Stocks at refineries, end of month__do
Refined sugar (United States):
Exports
long tons__
Price, retail, gran. ( N . Y.)
dol. per lb__
Price, wholesale, gran. ( N . Y.)
do
Receipts:
From Hawaii and Puerto Rico.long tons-.
Imports, total
do
From Cuba
do
From Philippine Islands
do
Tea, i m p o r t s . thous. of lb_.
. 0890
269
. 066
. 055
1,422
1,149
789
477
213
2,084
3, 295
3,172
2,970
417,387
459,297
404, 252
331,299
318,644
291,839
181, 387
271,426
319, 209
261, 834
234, 000
CO
.037
.036
.035
.035
.035
.037
.037
.037
.037
.037
.037
136,027
210,190
143,198
16,769
506,133
126.173
167,040
110,468
13,072
398, 901
355, 071
352, 584
350, 074
218,993
199, 661
209,257
179, 311
164, 873
194, 878
7, 232
.057
. 052
10,253
.058
.052
C)
.059
.052
.059
. 052
.060
.052
.066
.053
.066
.053
.066
.055
.065
.055
.066
.055
4, 946
19,025
16,036
446
7, 766
1,116
13,220
10, 640
1,962
6,915
17,994
28, 251
33. 336
32, 003
27,007
27, 277
28,914
27,179
22, 830
54,159
90,885
59,355
102,191
49, 521
107,574
42,215
115,432
16.355
99,979
13,853
82, 677
39.153
62,160
. 064
.053
(a)
.037
.066
.055
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers—thous. of dol..
Fish:
Landings, fresh fish, prin. ports.thous. of lb_.
Stocks, cold storage, 15th of mo
do
23,962
29,522
117,S05
19,17
20, 136
49,195
48, 879
99, 132
63,411
55, 036
81, 496
T
Revised.
i N o quotation.
§Data for exports and imports revised for 1939; see table 14, p . 17, and table 15. p . 18, respectively of the April 1941 Survey
b
° T h e publication of data has been discontinued for the duration of the war.
Data not available.
'
•New series. T h i s series replaces t h e one for the price of coffee, Rio No. 7 shown previously. Earlier data are shown in table 13, p 22 of the April 1942 issue
tRevised series; revisions beginning January 1937 appear in table 8, p . 18, of the January 1941 Survey; see also note marked ' T ' which applies to both production and stocks
^Includes fats rendered from hog carcasses reported beginning November 1940 as " l a r d " and "rendered pork fat." Figures are comparable with earlier data reported as
lard."
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
42, 493
49, 079
S-27
SURVEY OF CURRENT BUSINESS
October 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
I
Sep- i Oclo-
tember | ber
1942
Novem- Decem- J anuary Februber
ary
ber
March
April
May
June
July
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS
—Continued
Gelatin, edible:
Monthly report for 7 companie
Production
thcus. of lb__
Shipments
do
Stocks.
_._
_
do_._
Quarterly report for 11 companies:
Production
_____
_ __ do
Stocks
do
1, 715
2
2, 783
1, 435
9 OOfi
644
do
2, 155
2, 303
3, 220
2, 2T1
nro
3, 431
501
23,380
7,451
2,081
2,121
3,392
2,245
2,094
3,542
102
126
3, 518
9
8,314
5,026
6,329
4, 720
TOBACCO
Leaf:
Exports, inch scrap and stems§_>thous . o f l b . .
20, 975
fi 7?fi
Imports, incl scrap and stcms§
do
2
1 , 370
Production (crop estimate) _ . _ mil. o f l b .
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
do
Miscellaneous domestic
Foreign grown:
do___
Cigar leaf .
__
do
Cigarette tobacco
Manufactured products:
Consumption (tax-paid withdrawals):
17,
Small cigarettes
m llions.
29 941
Large cigars
thou sands.. 498 872 491, 028
25, 329
Mfd. tobacco and snuff
thous. of l b .
27, 462
Exports, cigarcttes§
thou sands
843, 686
Prices, wholesale (list price, destination):
Cigarettes, composite price.-dol. per l,0C0_
5. 760
5 760
Cigars, composite price.-.
do
46 592 46. 056
Production, manufactured tobacco:
Total t
Ihous nf lb
27, 564
505
do
Fine cut chewing
4, 264
do
Plug
....
Scrap chewing
_
. do_._.
4,064
Smoking
d o _ _ . - - — - 15, 200
3» 059
Snuff* '
_- _
- do—
Twist
1,774
2, 051
3,867
(< )
( )
3,372
....
2, 269
2,147
3,640
2,164
2,162
3,642
2,116
1,940
3,819
1,860
2,151
3, 528
1, 962
9Q9
3 198
8,035
4, 782
8, 549
5 139
* 1,280
— -
3,492
3,210
'3,510
371
258
2,618
4
340
251
2,784
4
'437
303
2, 663
4
423
280
2, 403
4
21
99
21
91
21
81
22
78
632
990
179
17, 141
542, 906
27, 376
16, 201
474,913
24, 265
19,503
458,277
27,938
16 628
441 805
24 426
17,016
489, 727
27, 919
17, 380
503, 530
27, 825
18, 455
457, 767
25,181
20, 004
532,390
27,807
20 875
510 823
013
5.760
46. 056
5. 760
46. 056
5. 760
46. 056
5.760
46.056
5.760
46.056
5. 760
46.190
5.760
46. 592
5. 760
46. 592
5. 760
46.592
o. 760
46. 592
760
46 592
30,499
467
4,476
3,962
17, 758
3, 333
503
3 2 , 712
467
27, 570
396
3, 810
3 ?79
16, 631
3, 023
430
25, 521
415
3, 769
3,410
14,070
3. 392
' 465
27,365
415
4,045
3,673
14,990
3, 763
479
25, 072
358
3,697
3,411
13 854
3 265
486
28, 656
411
4, 445
4,117
15,240
3,916
528
27, 745
398
4,347
3,913
14,782
3,827
478
25, 950
420
4, 297
3,768
13, 705
3,302
459
28, 2(57
481
4, 878
4,047
14, 912
3, 366
522
18,761
506,071
29,756
433,690
19
621
32
(
4,710
4,016
19 341
3 665
514
FUELS AND BYPRODUCTS
COAL
Anthracite:
304
404
Exports
thous. of long tons..
Prices, composite, chestnut:
12.49
12.48
12.48
12.17
12.41
12.42
12.48
12. 46
12.43
12.48
12.48
Eetail
dol. per short ton..
12.48
12. 29
10.340
10.073
10.301
10.288
10. 288
10.311
10.342
10.342
10. 288
Wholesale
do
10.280
10.114
10. 209 10.301
5,441
5,180
5,380
3,832
4,118
4,532
4,772
Production
thous. of short tons..
4,843
5,122
5,341
5,085
5,143
5,153
Stocks, end of month:
181
292
414
1, 237
140
1,177
1,393
708
915
755
In producers' storage yards
do
656
466
In selected retail dealers' yards
CO
42
24
'28
96
59
36
48
108
34
' 3f>
number of days' supply..
54
27
Bituminous:
2,353
2,325
Exports
thous. of long tons_Industrial consumption, total
34,526
37,192
33, 289 ' ?A, 30f>
34, 555
34,501
32, 400
38,476
35,091
31, 928 34, 978
36, 443
thous. of short tons.. 34,687
901
1,083
959
968
835
1,021
1,016
957
1,029
1,099
1,059
'l,C80
Beehive coke ovens......
do
1,024
7,050
6,848
7, 352
7.404
7.173
7, 504
7,108
7, 451
7, 229
7, 508
6, 685
Byproduct coke ovens
do
7,372
6, 814
630
663
658
676
628
588
564
'571
647
640
660
497
Cement mills
do
543
132
143
143
142
144
144
125
126
1.49
139
148
139
Coal-gas retorts
do
153
5, 679
5,643
5,913
5,532
6, 892
5, 913
5,154
4,717
5,103
5,175
'5,712
Electric power utilities
do
5,011
5,552
Railways (class I)
do
9, 366
8, 038
8,742
8, 747
9, 226
9,685
8, 879
9,189
9, 398
8, 921
' 9, 077
9,723
8,053
802
842
769
Steel and rolling mills
do
886
912
984
1,046
937
957
863
819
766
758
10, 910
11, 980
9, 090
10,840
12,700
11,840
9,840
9, 3(30
9, 390
9, 480
Other industrial
do
11, 660
9, 050 10, 600
Other consumption:
164
137
Vessels (bunker).
-thous. of long tons..
334
362
313
253
347
256
257
335
250
329
260
313
251
Coal mine fuel
thous. of short tons..
Prices:
9.42
9.47
9.24
9.34
9.50
9.
52
9.51
9.52
9.43
9.46
9. 49
9.52
9.51
Retail (35 cities)
dol. per short ton..
Wholesale:
4.704
4.713
4.703
4.
782
4.
677
4.
658
4.732
4.773
4.
775
4.737
4.
774
4.787
Mine run, composite
do
4. 753
4.823
4.922
4. 930
4.925
4.924
4.858
4. 939
4. 989
4.926
4. 819
Prepared sizes, composite
do
4.897
4.883
5.021
46, 651
44,426
48r 694
48, 540
43, 840
48, 250
48,410
47, 700
Production^:
thous. of short tons.
49, 000
47,400
47, 505 51, 328
47,160
Stocks, industrial and retail dealers, end of
62, 737
56,994
61,401
61, 763
56,885
52, 801
58,681
67,418
73,271 ' 77, 583
82, 687
57, 221
month, total
thous. of short tons.
61, 836
73,187
45,011
51,501
52, 013
53, 397
50,951
50,635
GO, 618
65, 691 T 69, 003
Industrial, total
do
51, 761
55, 746
48,044
7, 205
8,
371
8,326
8,901
8,179
7,888
9,179
9, 8G6
9, 922
10, 238
7,881
Byproduct coke ovens
do
8,409
7,292
709
720
714
705
647
652
876
'972
1,040
660
743
Cement mills
do
1,074
813
331
296
364
372
367
343
333
331
369
386
Coal-gas retorts
do
293
402
301
10,912
11,919
12,427
12, 821
15,854
16, 876
17, 339
12, 660
13, 455
13,891
Electric power utilities
do
18,165
11,637
14, 767
8,111
9,548
9,726
10,
235
9,788
9,662
11,479
12,223
'12,898
Railways (class I)
do
13,463
9,910
8, 758
10, 816
757
827
968
964
1,235
909
908
995
1, 099
1,145
1,178
Steel and rolling mills
do
1,013
1,050
17, 070
19, 670
19, 540
19, 400
18,370
17,650
21, 800
24, 240
26, 240
Other industrial
do
28,610
18,030
18,490
19, 590
8, 580
9, 340
9,900
9,750
7,730
6,250
7, 580
6, 800
7, 790
9, 500
Retail dealers, total
do_._.
5,460
8,950
6,090
COKE
54
61
Exports
thous. of long tons..
Price, beehive, Conncllsville (furnace)
6.125
6.125
6. 000
6.125
6.125
6.125
6.125
6.000
6.000
6. 000
6.000
dol. per short ton.
6.000
C. 000
Production:
r
532
613
688
574
655
700
650
647
610
675
690
-•645
Beehive
thous. of short tons
652
4,833
5,186
4,971
4.716
5,118
' ft, 278
5,224
5, 059
5, 276
5,315
5,200
Byproduct
do
5, 019
4, 806
154
149
151
121
91
88
101
140
137
158
83
Petroleum coke
do
108
2
a
' Revised.
i Dec. 1 estimate.
September 1 estimate.
The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
JFor 1938 revisions see August 1940 Survey, p. 45. See footnote on p. S-27 of the September 1942 Survey for revision for Jan. 1939-June 1941.
fData for 1939 revised; for exports, see table 14, p. 17, and for imports, table 15, p. 18 of the April 1941 issue.
tSee note marked "*" on this page.
*New series. Data are not available on a monthly basis prior to 1941. The total production of manufactured tobacco has been revised to include the data for snuiT.
S-28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to1942
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
October 1942
1941
August
September
October
1942
Novem- December
ber
January
February
March
April
May
June
July
FUELS AND BYPRODUCTS—Continued
COKE—Continued
Stocks, end of month:
Byproduct plants, total.thous. of short tons..
At furnace plants
do
At merchant plants
do
Petroleum coke
do
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (runs to stills)..-thous. of bbl__
Imports!
do
Price (Eansas-Okla.) at wells._.dol. per bbl__
1, 564
1,026
539
1.110
Production}:
thous. of bbl__
Refinery operations
pet. of capacity..
Stocks, end of month:
California:
Heavy crude and fuel
thous. of bbL.
Light crude
do
East of California, totalt
do
Refineries!
--do
Tank farms and pipe linestdo
Wells completed%___
number
Refined petroleum products:
Gas and fuel oils:
Consumption:
1,343
Electric power plants
thous. of bbl_.
Railways (class I ) .
do.
Vessels (bunker)
do.
Price, fuel oil (Pennsylvania)*.dol. per gal.. ~ .059
Production:
Residual fuel oilt
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_,
Exportsf
do.
Prices, gasoline:
.059
Wholesale, refinery (Okla.)dol per gal..
. 166
Wholesale, tank wagon (N. Y.)t---do
.144
Retail, service stations, 50 cities*...do
Production, totaltthous. of bbl_.
Benzol %
do
Straight run gasoline}
do___
Cracked gasolinetdo
Natural gasolinet
do
Natural gasoline blendedt
...do
Retail distribution*
mil. of gal._
Stocks, gasoline, end of month:
Finished gasoline, totals thous. of bbl__
At refineries
do
Natural gasoline.
do....
KeroseneConsumption, domestic
do
Exports!
do
Price, wholesale, water white, 47°, refinery
.063
(Pennsylvania)
dol. per gal..
Production
thous. of b b l .
Stocks, refinery, end of month
do
Lubricants:
Consumption, domestic}
do
' Price, wholesale, cylinder, refinery (Penn.160
sylvania)
dol. per gaL_
Productionthous. of b b l .
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
1,612
950
662
372
1,386
869
513
259
1,430
920
509
252
1,448
963
485
201
1,432
975
457
191
119, 032 105,776
110,565
104,882
1.110
1.110
1.110
1.110
123, 355 128, 293 128, 262 113,961
82
81
1.110
114,473
76
1.110
1.110
105, 053 110,192
74
75
1,580
881
6S9
370
1,616
871
745
362
124, 572 121,481
4,790
4,319
1.110
1.110
121, 354 119,446
90
126,772
<•)
1.110
126,145
89
121, 539 124,985
64, 729 63,847
34,560
34,875
207, 225 203,481
43,483
41,975
163, 742 161,506
1,931
1,836
62, 941
34,852
201,048
42,446
158,602
1,821
61,845
61,174
62, 745 63,378
35,082 35, 596 37, 767 39,184
207,
859 213, 395
200, 602 203,423
42, 546 43,154 45,085
43,387
158,056 1d0, 269 162, 774 170,008
1,373
1,723
1,458
953
57,067 55,028
60,197 58,149
54,105
38, 531 38, 737 37, 249 35, 650 36,073
214,741 210, 699 208,548 207, 286 200, 658
39, 882 38,881
41,622 40,491
38,201
173,119 170, 208 168, 666 168, 405 162,457
778
847
726
825
833
1,802
5,460
2,661
.058
1,674
5,435
2,331
.059
1,857
6,049
(a)
.058
1,740
5,723
29, 836
15, 409
28,118
16,024
30, 871
16, 554
23, 562
36,845
25, 224
39,726
26,198
42,028
62,944
1,355
58,995
2,211
.060
.149
.149
.140
.140
60, 740 60,167
277
266
24, 790 24,039
30,034
30,198
5, 639
5,664
4,237
4.854
' 2, 588 r 2,381
1,668
817
851
390
1,708
832
876
228
1,510
817
692
246
1, 867
6,495
.054
1. GPO
6,328
.051
.050
.052
.055
.057
29, f66
16, 230
31,127
17,142
29, 405
16, 902
27,254
15,194
28,095
16, 214
29,440
14,002
25,118
42,261
24,855
49,330
14,567
40,801
14,055
33,711
11,040
30. 205
.060
.060
.149
.149
.141
.140
62,288
61, 243
296
287
24,712
24, 244
31,328
30, 718
5, 952
5,994
5,123
4,717
' 2, 340 r 2,197
.060
.149
.139
63, 573
323
24,913
32, 255
6.082
4,622
r
2, 246
.060
.150
,141
60, 035
208
22, 725
30, 324
7,488
5,351
' 1,982
.060
.152
.141
51,612
189
19, 226
26,006
6,768
4,456
r 1, 739
79, 378
49, 351
4,557
86,413
66,325
4,275
.064
6,443
10, 843
.064
6,682
9,599
.160
3,607
7, 752
.160
3,554
8,127
73,094
45, 463
6,111
72, 761
46, 151
5,373
74, 698
46,417
4,870
4,449
52
5,624
295
C)
.062
5,850
11, 636
.063
5,949
11,662
.063
6,355
11, 670
2,562
2,638
C)
.143
3,561
7,206
.154
3,427
7,415
.160
3,494
7,487
1,304
6,595
1,012
6,399
1,405
435
182
470
175
106, 883 105, 376 111,555
1.110
1.110
108, 595 111,782
78
946
6,624
'1,211
.058
923
6,427
.059
30,971
13, 436
28, 352
15, 210
30,096
16,149
8,664
28,792
8,965
30,281
7,667
32, 501
7,252
37, 729
.055
.153
.143
52, 902
200
20,609
25, 629
7,020
4,414
' 1, 979
.054
.157
.144
47, 528
0
18, 339
23, 504
6,257
4,046
r
2,015
.055
.161
.144
48, 938
0
19, 573
23,130
6,718
4,272
' 2, 092
.056
.166
.154
45, 887
0
17, 404
22, 423
6,558
4,423
1,950
.058
.186
.153
49, 302
0
19, 088
23,946
6,804
4,577
93, 489 100,186
64,996 72,990
5,209
4,802
99,184
73, 556
5,620
94,127
67,182
6,043
87, 461
62, 597
6,568
80, 080
55, 213
6,571
71,657
48. 585
6,588
.064
6,634
6,987
.063
5,133
i, 193
.063
6,035
5,460
.063
5,529
5,630
.064
5,320
6,419
.064
4,929
6,940
.063
5,134
7,480
.160
3,497
8, 266
.160
3,174
8,429
.160
3, 533
8,470
.160
3,438
8,470
.160
3,439
8,768
.160
3,231
8,756
.160
3,133
8,945
1,532
5,949
0
0
C)
740, 700 680, 200 694,400 580, 700 466, 500 382, 000 382, 700
605,000 474,000 451,000 512,000 604,000 695, 000 765,400
54,320
66, 360 67, 760
60, 200 55, 160 52,920
85, 824 79,458
75,467
76,413
74, 814 72, 800 75, 600
.059
428, 200 452, 900 500, 500 517,800 629, 300
740,700 719, 400 617, 300 513, 800 436,000
61,600
75,040
52, 080
69, 720
51,800
69,160
r
57, 960
69, 720
50, 680
68,040
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports total hides and skins§
thous. of lb._
Calf and kip skins0._.
thous. of pieces..
Cattle hides©
do
Goat and kid skins©
do
Sheep and lamb skins©
do
Livestock (federally inspected slaughter):
Calves
thous. of animals..
Cattle
do
Hogs
.
do
Sheep and lambs
_.
do
460
1,103
3,223
1,840
61, 899
242
888
3, 265
5,335
48,944
215
721
3,717
2,371
414
968
2,796
1,522
447
1,004
2,920
1,567
(°)
(°)
(•)
536
1,119
4,157
1,682
476
941
4,561
1,424
457
1,004
5,767
1,571
440
1, 057
5, 831
1, 611
392
891
3,892
1,407
491
929
4,134
1,669
471
401
502
475
885
1,048
956
1,039
4,320
4,554
3,886
4,196
1,481
1,475
1,705
1,570
T
Revised.
^Excludes for East Coast district, stocks of "shuttle oil" and stocks transferred to the U. K. pool board.
§See note marked " § " on p . S-29.
h
• The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
Publication of data suspended
•New series. Data on wholesale price of fuel oil beginning January 1918 appear in table 46, p . 14, of the November 1940 Survey. Data beginning 1920 for the new series
on retail service-station price of gasoline, which replaces a similar series shown in the Survey through February 1941, appear in table 10 p 16, of the March 1941 Survey
tExports of motor fuel revised; for data for 1913 to 1939, see table 54, p . 16, of the December 1940 Survey; for data for all months of 1940, see note marked "f" on p S-28
of the August 1941 Survey. Data beginning January 1941 include mineral spirits; the comparability of the series is affected to a negligible extent by the inclusion of this item
For revised series on wholesale tank wagon (N. Y.) price of gasoline, see table 6, p . 18, of the January 1941 Survey.
tRevised data for 1939 appear in table 1, p. 17, of the January 1941 Survey. Beginning January 1942 figure:? for the production of natural gasoline include total sales of
liquefied petroleum gas as follows (thous. of barrels): Jan., 710; Feb., 577; Mar., 556; Apr., 572; May, 483; June, 498; July, 536; data for such sales have not been included in the
total for motor fuel. Prior to 1942, an indeterminable amount of liquefied petroleum gas sales has been included in total motor fuel and natural gasoline production
• D a t a revised beginning 1940. See note on p . S-28 of the Juno 1942 Survey.
©Data are here reported in pieces instead of pounds as shown in the Survey prior to the April 1942 issue; earlier data in pieces will be shown in a later issue.
October 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
S-29
SURVEY OF CURRENT BUSINESS
1942
1941
August
August
September
October
1942
Novem- December
ber
January
February
March
April
May
June
July
LEATHER AND PRODUCTS—Continued
HIDES AND SKINS—Continued
Prices, wholesale (Chicago):
Hides, packers', heavy, native steers
dol. per lb..
Calfskins, packers', 8 to 151b
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 lambj
do
Prices, wholesale:
Sole, oak, bends (Boston)*
dol. perlb..
Chrome, calf, B grade, black composite
dol. per sq. ft.
Stocks of cattle hides and leather, end of month:
Total
thous. of equiv. hides.
]n process and
finished
do
Raw...
do...
LEATHEE MANLFACTLRES
Gloves and mittens:
Production (cut), total
dozen pairs.
Dress and semidress
do...
Work
do...
Boots, shoes, and slippers:
Exports§
thous. of pairs.
Prices, wholesale, factory:
Men's black calf blucber
dol. per pair.
Men's black calf oxford, corded tip.._do_..
Women's colored, elk blucber
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 d o . . .
Government shoes*
do
Civilian shoes:
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...
0.150
.218
0.153
.218
24
4,889
1,368
3,346
1,090
2,357
2,463
1,181
2,391
3,374
4,789
1,084
2,405
4,113
.440
.431
.529
.510
0.155
.218
11,782
8, 700
3,C82
13,226
8,323
4,903
291,995
179,205
112,790
4,508
r.440
.516
13,186
8,223
4,963
0.155
.218
0.155
.218
0.155
.218
0.155
.218
0.155
.218
0.155
.218
0.155
.218
0.155
.218
0.155
.218
0.155
.218
1,209
2,675
4,568
4,796
1,014
2,445
3,837
4,408
1,048
2,572
4,441
4,303
922
2, 666
4, 226
4,163
974
2,502
4,005
4,555
1,040
2,629
4,414
4,462
1,006
2,684
4,320
4, 552
989
2,577
3, 631
4,998
r
1,031
' 2, 534
' 3, 490
r
4, 514
1,053
2,601
3,037
4,124
r.440
'.440
'•.440
>\440
'.440
.44O
'".440
r. 440
.522
.525
.529
.531
.531
.531
.529
13,698
8,307
5,391
14,020
8,569
5,451
14,021
8,691
5,330
14,223
8,958
5,265
14,052
8,923
5,129
13,413
8,900
4,513
12,747
8, 879
3, £C8
193,808 185, 111
106, 273 108,080
77,031
87,535
225, 746
139,856
85,890
252,658
159,296
93,362
246, 329 283,285 242,441
161,285 172, 898 144,197
85, G44 110,387 98,244
r
.440
.440
.529
.529
12,389
8,898
3,491
• 12,139
' 8, 925
' 3, 214
11, 622
8,762
2,860
264,543
161,845
102, 698
279, 927
175, 278
104,649
258,666
155,575
101,091
263, 293
156,945
106, 348
6.75
4.60
3.60
6.75
4.60
3.60
309
198
6.25
4.35
3.55
6.36
4.35
3.55
6.40
4.39
3.55
6.40
4.40
3.55
6.40
4.65
3.56
6.40
4. 60
3.60
6.40
4.f;0
3.60
6.75
4.65
3.60
6.25
4.35
3.55
3.eo
6.75
4.61
3.60
38, 586
424
175
611
32, 841
3,727
45,465
516
225
816
37,885
1,360
43, 815
512
273
1,017
35, 558
1,324
45,704
555
271
1,004
36,906
1,474
34,795
478
223
852
27, 644
1,170
38,451
442
337
1,052
32,654
1,737
39, 828
358
436
1,352
34, 899
2,223
40,006
377
454
1,356
34,110
2,336
45,106
572
643
1,247
38,220
2,954
45, 590
620
535
1,056
38, 362
3,858
40, 771
504
478
883
34,046
3,614
39, 643
481
395
555
33,416
3,675
' 41, 689
459
'147
'671
•35,912
1,383
2,125
3,223
7,422
14,960
1,696
2,487
4,052
10,355
17,935
1,812
2,403
4,025
10,473
15, 522
1,910
2,585
4.378
11,931
14, 627
1,399
2,163
3,491
9,600
9,821
1,535
2,296
3,888
10,410
12, 789
1,393
2,146
3,805
9,871
15,461
1,410
2,029
3,659
9,368
15, 308
1,513
2, 340
3,760
9,640
18,013
1, 526
2,372
3, 751
9,730
17,127
1,412
2,187
3,344
8,557
14, 932
1, 459
2,124
3,603
8,311
14, 245
' 1, 562
2,151
'r 3, 602
8, 578
• 16, 341
4,075
46C
5,588
435
6,019
436
6,516
453
5,164
434
3,509
459
827
2, 674
1,036
3,297
1,127
3,607
1,410
3,577
1,283
3,777
1,018
' 3,850
'660
6.75
4.eo
«• 3,678
LUMBER AND MANUFACTURES
LUMRER-ALL TYPES
Exports, total sawmill products
M bd. ft_.
Sawed timber§
do
Boards, planks, scantlings, etc.§
do
Imports, total sawmill products
do
National Lumber Mfrs. Assn.;f
Production, total
mil. bd. ft_.
Hard woods
do
Softwoods
do
Shipments, total
do
Hardwoods
do
Softwoods
do
Stocks, gross, end of month, total
-do
Hardwoods
do
Softwoods
do
FLOORING
Maple, beech, and birch:
Orders, new
M bd. ft.
Orders, unfilled, end of month
do...
Production
do
Shipments
do...
Stocks, end of month
...do...
Oak:
Orders, new
_do_._
Orders, unfilled, end of m o n t h . . .
do...
Production
do
Shipments
do_._
Stocks, end of month
do...
61,793
11,371
46, 586
178,887
22, 720
27, 771
19, 288
18,906
76, 422
51,163
7,250
34, 090
152,190
(a)
'3,132
387
r
2, 745
' 3, 257
416
' 2,841
6,357
1,414
4,943
' 2,943
387
' 2, 556
r
3, COG
423
' 2, 583
6,294
1,377
4,917
' 3, 037
403
' 2, 634
' 3,093
436
' 2,567
6, 231
1,343
4,888
' 2, 572
372
r
2, 200
r
2, £03
374
' 2,129
6,317
1,340
4,977
9,050
13,175
8, 950
9,800
13,425
7,000
11,500
7,600
8,800
12,200
7,650
10,900
8,900
8,300
12,850
44,781
74,305
49,925
53,464
44,962
36, 363
60,460
47,432
48,939
41,955
40,080
52, 446
49, 227
48,094
43,088
' 2, 403
382
2, 021
' 2, 403
371
' 2, 032
6,348
1,355
4,993
' 2, 334
376
' 1,658
' 2, 527
381
' 2,146
6,110
1,349
4,761
' 2, 265
372
' 1,893
' 2, 500
369
r
2,132
5,903
1,353
4,550
' 2, 423
361
'r 2, 062
2, 749
368
^ 2, 381
5, 595
1,346
4,249
' 2, 666
386
' 2, 280
'3,100
383
'2,717
,5, 235
1,349
3,886
2, 702
379
' 2, 323
' 2,972
415
r
2, 557
5,004
1.313
3,691
' 2, 883
375
' 2, 507
' 3,070
430
r
2, 640
4,843
1,268
3,575
2,967
385
2,582
3,199
429
2,770
4,619
1,224
3,395
5,050
8,900
7,500
7,150
13,100
7,225
9,050
8,075
7, 350
13, 625
7,775
9,975
7,175
7,075
14,075
7,150
9,600
7, 550
7,100
14, 250
8,575
10, 550
7,275
7,500
14,000
7,300
10,125
7, 500
7,700
13.850
7,200
8, 750
7,150
8,850
i2,000
7,875
8,950
7,625
7,675
12,100
7,325
8,650
7,500
7,675
12,000
28,102
42, 549
40,910
38,014
48, 278
34, 286
42,035
42, 697
35,100
55,875
40, 749
46, 235
41, 647
Z6, 549
60,673
39, 369
48, 097
36,719
37, 788
58, 601
34,972
45,481
38,691
37, 588
59,704
32, 560
42, 673
40, 656
37,027
C3,333
27, 732
37,488
36, 283
32,917
66,699
17,911
30, 479
30,562
24,920
72, 341
17, 616
24,957
25, 491
21,071
76,763
r
Douglas fir: SOFTWOODS
28,069
19,970
Exports, total sawmill products§...M bd ft..
7,915
5,580
Sawed timber§
do___
(a)
20,154
14, 390
Boards, planks, scantlings, etc.§
do...
C)
Prices, wholesaleDimension, No. 1, common*
32. 340
29.498
25.970
27.146
32. 005
28. 910
32. 340
28. 6fi5
dol. per M bd. ft.
32.340
32. 340
32. 340
32.340
32. 340
Flooring, B and better, F. G., 1 x 4, R. L.*
38. 808
44.1C0
42. 336
44.100
36. 260
44.100
41.1C0
41.1C0
dol. per M bd. ft.
44.100
44.100
44.100
44.100
44.100
§Data for 1939 revised: for exports see table 14, p. 17, and for imports, table 15, p. 18 of the April 1941 Survey.
' Revised.
JData beginning 1940 include fleshers and exclude skivers.
. . trade
. . .statistics
. . . . has
. been discontinued for the duration of the war.
* The .publication of detailed foreign
fRevised data for 1939 appear in table 17, p. 17 of the May 1941 Survey; revisions for 1940 and January and February 1941 (also revisions in production and shipments for
softwoods and the total for March-July 1941) will be published in a later issue.
*New series. The new price series on sole, oak, bends has been revised and data shown here are not comparable with figures given in the April-September 1942 issues.
Earlier data will be shown in a subsequent issue. Separate data for leather shoes made under Government contracts are available beginning 1941. These shoes include, for
the most part, men's dress and semidress and work leather shoes. However, a small number of pairs other than men's leather (nurses, athletic, etc.) made for Government
Digitized contract
for FRASER
are included. The total has been included with men's leather shoes in issues prior to the April 1942 Survey. Data beginning 1922 for the new series on lumber prices
appear in table 16, p. 17, of the May 1941 Survey.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
S-30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
October 1942
1941
August
SepOctotember I ber
1942
Novem- Decem- \
ber i ber j
February
ar y
March
April 1 May
June
Julv
LUMBER AND MANUFACTURES—Continued
SOFTWOODS—Continued
Southern pine:
Exports, total sawmill products
M bd. ft_.
Sawed timber
_ _ do
Boards, planks, scantlings, etc
do
Orders, newt
mil. bd. ft_.
Orders,unfilled, end of month
do...
Prices, wholesale:
Boards, No. 2 common, 1 x 8 *
30. COO
dol. p e r M bd.ft.
Flooring, B and better, F . G., 1 x 4* . . d o . . . 55.000
Productionf...
mil. bd. ft..
Shipments!
do
Stocks, end of month
do
Western pine:
Orders, newt
do—
Orders, unfilled, end of monthf
do
Price, wholesale, Ponderosa, boards, No. 3
31.53
common, 1x8*
dol. per M bd. ft_
Productionf...
mil. bd. ft.
Shipments!
do...
Stocks, end of month
do._.
West coast woods:
Orders, newf
do
Orders, unfilled, end of month
do—
Production f
do.. _
Shipments!
do___
Stocks, end of month
do...
Redwood, California:
58,135
Orders, new
M bd. ft_
87,154
Orders, unfilled, end of month
do...
34, 790
Production
do.._
48, 647
Shipments...
d o . . . 195,721
Stocks, end of month
do...
FURNITURE
All districts:
Plant operations
percent of normal72.0
Grand Rapids district:
Orders:
Canceled
percent of new orders New
no. of days' production.
Unfilled, end of month
do...
55
Plant operations
percent of normal.
CO. 0
Shipments
no. of days' production.
18
Prices, wholesale:
Beds, wooden
1926=100.
101.0
Dining-room chairs, set of 6
do
118.9
Kitchen cabinets
d o . . I 102.(5
Living-room davenports
d o . . . I 104.2
Steel furniture (see Iron and Steel Section).
j
C)
(a)
(•
)
861
16,941
3,104
13,837
10,486
1,471
9,015
893
762
885
715
34.550
54.978
33.050
52. 782
31.013
52.050
949
898
932
896
943
1,083
1,456
1,422
633
1,375
771
603
800
621
30.813
52.393
824
801
1,398
30. 804
53.596
809
782
1, 425
1,050
30. 620
54. 330
825
875
1,375
868
858
974
940
943
30.653
54. 708
738
806
1,307
3C. 770
53.798
787
892
1,202
30.000
55. 000
797
992
1,007
30. 000
55.000
782
851
938
30. 000
55. 000
791
848
881
30. 000
o5. 000
848
898
831
477
472
G09
554
630
648
665
596
620
31.04
r
469
529
1, 275
31. 35
487
533
1,229
31.51
r
677
613
1,293
704
641
1,356
1, 007
1,029
r
768
••894
875
r 937
1.097
'802
'880
835
r 898
1,067
783
880
756
1.041
1,171
765
905
622
39, 445
64,152
37,397
41,205
220, 602
44, 631
65, 359
41,666
43, 307
213,124
50,047
73,137
42, 008
46, 673
207, 588
523
554
543
479
542
401
387
345
491
421
516
519
345
' 471
29.37
29.97
30.73
695
622
671
629
646
630
30.71
443
450
1,779
30.42
362
420
1,721
30. 73
263
418
1,566
31.46
278
400
1,444
590
587
678
617
946
827
747
719
971
765
926
637
623
991
710
894
658
692
968
759
891
682
742
929
1,733
1, 775
1,788
31. 52
359
469
1, 334
705
772
679
699
671
607
822
834
819
742
741
787
821
760
854
30,391
55, 204
47, 272
42, 221
244,169
27, 665
44,532
43, 703
39,068
242, 763
31,540
37,142
45, 658
38,318
243,225
26, 781
34,860
38, 671
29,910
248, 440
29, 688
41, 696
30, 698
22,877
253,061
41, 252
49, 873
35, 642
32, 292
249,176
40, 942
61,104
33,128
30, 208
249,377
55, 566
75,009
38, 808
43, 560
240, 342
39, 407
66, 073
37, 960
46, 562
228,068
87.0
88.0
90.0
87.5
82.0
79.0
83. 0
79.0
79.0
3.0
33
76
4.0
30
75
82.0
84.0
88.0
28
32
32
5.0
33
75
88.0
27
15.0
15
59
86.0
28
8.0
22
59
81.0
24
7.0
20
58
82.0
22
8.0
18
50
75.0
25
5.0
29
58
79. 0
21
96.1
96.3
111.6
102.0
104.2
98.0
113.6
102.0
104.2
101.2
115.0
102. 0
104.2
101.2
118.9
102.6
104.2
101.0
118.9
102. 6
104. 2
101. 0 !
118.9
102.6 |
104. 2
4,708
2,643
2,065
3, 455
1,170
2,285
5,221
2, 956
2, 265
3,460
1,114
2,346
3.0
27
72
93.5
108.2
97.4
93.3
108.2
99.3
98.9
r
832
871
867
840
78.0
74.0
5.0
23
78. 0
22
8.0
21
50
75. 0
20
101.0
118.9
102. 6
104.2
101.0
118. 9
102.6
104.2
101.0
118.9
102.6
104.2
101.0
5,156
2,919
2,237
3,082
1,105
2.577
5, 225
2,932
2,293
3,972
1,077
2,895
5, 000
2, 763
2,237
4, 297
1.185
3,112
5. 006
2.792
2, 214
4, 579
1,286
3, 293
7.007
7,857
20, 065
17, 536
2,529
7, 230
12,677
25,199
22,310
2, 889
7, 034
12. 625
30,931
27, 664
3, 267
7,176
13,405
37. 327
33,289
4, 038
10. 0
73^0
19
us. 9
102.6
104.2
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Exports (domestic), total
long tons.
Scrap
do
Imports, total
do
Scrap
do
Price, wholesale, iron and steel, composite
dol. per long ton.
Scrap:*
Consumption, total
thous. of short tons.
Home scrap
do.
Purchased scrap
do.
Stock,
total
do.
Homeconsumers',
scrap
do_
Purchased scrap
do.
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.-
697, 732
80,255
18,380
16, 405
7,155
13,236
43, 236
38,124
5,112
706,580
65,486
8,489
4,259
38.15
38.15
38.15
38.15
38.15
5,140
2,792
2,348
4,814
1,504
3,310
5,072
2,783
2,289
4,515
1,469
3,046
5, 582
3,145
2,437
4,089
1,322
2,767
5,010
2, 824
2,186
3,829
1,232
2,597
5,078
2,873
2, 205
3,802
1,167
2,635
6,534
11,496
36,469
32,457
4,012
223
6,448
10,312
40,770
36,106
4,664
206
6,501
7,661
45, 535
40, 245
5,290
835
0
0
793
40,457
35,563
4,894
33,919
29, 627
4,292
27, 526
23,835
3, 691
20,190
17, 561
2, 629
65
62
6,612
9,596
43,946
38,852
5,094
7,062
4, 956
2,822
2,134
3, 503
1,145
2,358
7,158
6, 403
7.109
(•)
Pig Iron and Iron Manufactures
Castings, malleable:
i
64,283
63, 978
68,945
70,528
Orders, new
...short tons.
60, 745
56 587
GO, 292
105,556
62,979
60, 398
54,219
55. 032
63.651
84, 296
68,570
69,175
66, 738
Production
.do... i 50. 304
71,311
68, 741
05,140
69. 737
71, 256
60, 696
61.434
59, 990
5(1. 651
64, 250
67, 532
82,004
68,983
Shipments
_.
.do...
70,744
65, 217
62, 724
65. 866
68, 459
61, 783
59,144
59, 120
Pig iron:
5,049
4,822
4,665
Consumption*
thous. of short tons
4,766
5,020
4, 554
4,997
5,100
4,944
5,030
4. 959
4,869
Furnaces in blast, end of month:
157,165
156, 265 156,855
162,140
155,020
159,270
Capacity
short tons per day.
162, 285 164, 675
(i)
214
216
213
215
Number
216
217
220
220
0)
b
° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
Discontinued by compiling agency.
' Revised.
1
Not available for publication.
§ Data for 1939 revised; for exports, see table 14, p. 17, and for imports see table 15, p. 18 of the April 1941 issue.
fRevised series. Revisions for southern pine, western pine, and west coast woods for 1939 (also revisions for 1938 for the latter group and for January and February 1940
for western pine), appear in table 17, p. 17 of the May 1941 issue. Revisions in the indicated series for southern pine and west coast woods for January 1940-January 1941 and
revisions in production and shipments of western pine for April 1940-June 1941 will be published in a subsequent issue.
*New series. The new lumber prices replace series shown in the Survey through the March 1942 issue; data beginning 1926 are shown in table 11 (southern pine), and
table 12 (Ponderosa pine), p. 22, of the April 1942 issue. Earlier data on consumption and stocks of scrap iron and steel and consumption of pig iron not shown in the April
1942 Survey will appear in a later issue.
S-31
SURVEY OF CURRENT BUSINESS
October 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
1942
1941
SepAugust August tember
October
Novem- December
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 ton..
Composite
do
Foundry, No. 2, northern (Pitts).. ..do
Production!
thous of short tons
Stocks consumers' end of month*
do
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 month
. do
Radiators and convectors:^
Production.thous. of sq. ft. heating surface..
Shipments
do
Stocks end of month
do
Boilers, range, galvanzied:
Orders, new, net...
number of boilers..
Orders unfilled, end of month
do
Production _.
do
Shipments
do
Stocks end of month
do
Stee!, Crude and Semimanufactured
23. 50
24. 20
25. 89
46, 025
39, 324
40, 454
41,373
9,646
23.50
24.15
25.89
4,791
1,940
23.50
24.15
25.89
4,717
1,874
23.50
24.15
25.89
4,856
1,655
23.50
24.15
25.89
4,703
1,570
23.50
24.15
25.89
5,012
1,581
23.50
24.15
25.89
4 971
1,473
23.50
24.15
25.89
4,502
1,400
23.50
24.17
25.89
5 113
1,286
23. 50
24.20
25.89
23.50
24. 20
25. 89
23.50
24.20
25. 89
23. 50
24. 20
25. 89
1,232
1,221
1, 257
1, 296
1,936
2,669
14,024
2,148
2,741
13,405
2,091
3,483
11,912
1,133
1,922
11,168
1,115
1,448
11,182
732
1,484
10,146
754
1,408
9,493
1,012
1,083
9,421
1,071
938
9,554
905
539
9,673
504
842
9, 325
690
1,479
8,546
26,505
38, 894
113,130
27, 591
34,899
105,759
29,461
37,360
97,896
21,104
24,502
93, 669
19, 642
17, 380
92,998
18,756
17,044
94, 832
17, 773
19,081
93,525
16, 214
15,789
93,950
15,026
16,301
92, 675
11, 494
8, 546
93,749
10, 532
1?, 474
91, 807
9,924
16, 644
85,090
7,098
11,696
25, 584
7,675
10, 901
22,394
8,267
10,494
20,154
5, 787
7,695
18,271
6,763
7,390
17,567
6,717
6,175
18,106
6,199
6,781
17, 524
6,445
5,656
18,313
5, 399
6,384
17, 328
4, 317
4 131
17,062
4,333
5,168
16,149
4,457
6,284
14, 322
68,854
86,451
63, 729
60,212
28,495
80,046
101,016
58, 635
65,481
21,615
74, 581
101,609
69,972
73, 988
17,599
52, 605
93,966
58, 810
60, 248
16,411
41,343
80,844
55,856
54, 465
17,785
42, 781
72, 366
50,557
51, 259
17,212
53,809
77,190
49, 217
48,985
17,444
62,010
76,750
64,847
62,450
19,841
38,014
68,884
42, 427
45, 880
16,388
31,458
62,709
33, 627
37, 633
12,382
30,481
52, G52
39.171
40, 538
11,015
22, 955
34, 672
40,181
40, 935
10,561
(a)
Castings, steel:
84, 534 113,034 150, 551 179,880 211,081 191,195 199, 619 208, 243 201,679
147,316 115,066 117, 516
Orders, new, total
short tons.163.4
100.4
177.9
72.2
96.5
98.3
128.6
153.7
180.4
125.9
170.6
Percent of csracty . _ _ _
3, 610
54,409
11,218
32,882
26, 558
16, 549
26,839
32,935
43,997
52,207
35,723
11,025
Railway specialties
short tons.
117,703 118, 543 135,272 104, 605 131, 518 134,778 133,726 146,507 149, 625 131 492 131,458 133,845
Production total
do
89.4
112.4
114.3
112.3
115.6
115.2
125.2
127.8
100.6
101.3
112. 3
Percent of capacity
16,251
21, e'58
45,013
33, 383
43,995
45,158
44, 290
49,891
45, 640
46,357
48,335
25,644
Railway specialties
short tons
Steel ingots^and steel for castings: f
7,149
6,961
7,233
6,812
6,521
7,122
7,022
7,236
7,125
7,150
6,997
7,393
7,387
Production
thous. of short tons
95
95
96
98
96
99
98
9G
98
96
98
95
98
Percent of capacity!
._ Prices, wholesale:
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
.0265
Composite,finishedsteel
dol. per ]b_ .0265
Steel billets, rerolling (Pittsburgh)
34.00
34.00
34.00
31. 00
34.00
34.00
34. 00
34.00
34.00
34.00
34.00
34.00
dol. per long ton.. 34.00
. 0210
.0210
.0210
. 0210
.0210
.0210
.0210
. 0210
. 0210
.0210
Structural steel (Pittsburgh)
dol. per Jb_. . 0210
.0210
.0210
18.75
18.75
18.75
18.75
18.75
18.75
18.75
18.75
18.
75
18.75
18.75
Steel scrap (Chicago)
dol. per long ton..
18. 75
18.75
U. S. Steel Corp., shipments of rolled and
1,664
1,766
1,624
1,846
1,789
1,754
1,
759
1,
774
1,739
1,617
1,781
1,851
1,834
finished steel products!..thous. of short tons..
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
1,402
1,492
1,052
1,762
2,149
2,230
1,797
2,047
1,497
1,850
1,893
1, 551
Orders, unfilled, end of month thousands.. 1, 506
1,760
1,859
1,845
2,067
1,749
1,713
1,952
1,586
1,781
1, 536
1,590
2,416
Production
do
1,780
96. 5
101.1
113.3
95. 9
84. 2
87.1
93.9
97.6
107.0
86.9
101.9
132.4
97.6
Percent of capacity©
1, 760
1,604
1,741
1,851
1,777
1,954
1,848
2,
04(>
1,711
1,
538
1,600
2,420
1,
7%
Shipments
thousands
42
42
34
36
34
43
50
25
40
37
40
29
34
Storks end of month _
_ ._
do. _
Boilers, steel, new orders:
2,316
1,341
3,715
2,217
1,929
1,747
2,813
9, 695
3,755
1,411
2,230
3,250
Area
. . . _
thous. of so. ft.. 1, 806
1, 091
1,204
997
893
1,131
957
1,593
1,310
1,010
995
2,822
1,246
1,340
Quantity
number.
Furniture, steel:
Office furniture:
r
3,932
3,194
3,422
4,612
r 2, 5.rl
1,707
3,896
3,751
1,203
1,278
4,598
4,4P0
2, 817
Orders new
thous. of dol
7,105
1,744
7,329
7,335
6,340
«• 1,820
8,085
6,840
7, 786
r 3, 119
5, 530
' 3. 951
Orders, unfilled, end of month
do _ 1,898
4,352
1,784
4,452
4,314
4, 236
3,912
4,338
1,124
4,188
4,130
2, 256
4,560
4, 204
Shipments
do
Shelving638
1,082
1,094
1,418
1,459
888
1,284
987
858
999
1,510
— 225
1, 606
Orders new
do
r
2,273
2,022
1,405
1,490
2, 385
1,365
1,837
2, 788
1,678
1, 565
1, 765
1,870
2,763
Orders, unfilled, end of month
do
1,040
994
1,058
1,173
1, 042
1,015
1,434
1,016
1,027
596
1,166
1,130
1,115
Shipments
do
Porcelain enameled products, shipmentst
5,841
4, 023
5,143
5,289
5,371
5,598
5,802
6,208
4, 239
5, 560
5,807
4, 521
thous. of dol_. 3,357
341
295
324
292
290
334
276
348
321
338
317
Sprin? washers shipments*
do
302
Steel products, production for sale:f
4,762
5,059
4,909
5,144
6,170
5,234
5,471
5,273
Total
-thous. of short tons._
(a)
456
490
431
503
511
563
MeT'crant bars
do
485
447
(a)
446
419
484
415
485
464
531
465
Pipe and tube
do
(a)
726
564
629
587
700
532
519
838
Plates
do
(a)
118.2
112.2
139. 5
122.8
132.6
99.7
124.1
134.8
Percent of capacity*
133
122
135
144
171
146
127
161
Rails
thous of short tons
(a)
954
895
765
889
1,018
1,053
945
857
Sheets total
do
(a)
77.5
87.5
80.1
88.5
94.1
81.7
77.7
92.4
Percent of capacity
Strip:
(a)
83
82
106
104
110
106
101
101
Cold rolled
...thous. of short tons._
(a)
119
135
134
119
130
136
Hot nVled
do
138
140
354
392
369
381
391
372
407
403
Structural shapes, heavy
do
(a)
261
264
342
317
323
325
367
3€0
Tin pl^te
do
(a)
407
352
432
396
398
434
403
420
Wire and wire products
-do. .
b
(a)
13, 650
14,107
13, 002
11,711
12,403
10,266
12,247
10,236
10,439
Track work, shipments
short tons..
CPata for 1P41 revised6eftpr a special purvey of the industry; for revisedfiguresfor all months of 1941, see p. S-31 of the May 1942 Survey.
a* Revised.
Data not available for publication.
No comparable data.
IData for 1941 and 1942 include convectors and convenor-radiators. Data for these items are included in part in earlierfigurespublished in the Survey; 1940 data revised
to include these items for all reporting firms will be published later.
•Data cover 9firmsbeginning December 1941; the increase in reporting firms from 7 to 9 in late 1941 did not materially affect the coverage of the data.
JMonthly data beginning 1929, corresponding to the monthly averages on p. 132 of the 1940 Supplement, appear on p. 18 of the April 1940 Survey.
§Beginning July 1942, percent of capacity is calculated on annual capacity as of July 1, 1942, of 89,194,520 tons of open-hearth, Bessemer, and electric steel ingots and steel
for castings; data for January-June 1942 are based on capacity as of January 1, 1942 (88,566,170 tons), and earlier data on capacity as of July 1, 1941.
fRevised series. Data on pig-iron production beginning 1913 are shown in table 38, p. 14, of the October 1940 issue. For data on steel production beginning 1917 and
percent of capacity beginning 1926 through 1939, see table 9, p. 16, of the March 1941 issue, and for subsequent revisions in 1940 data, see p. 49 of the June 1941 issue. Porcelainenameled products revised beginning 1939 to include data for 99 manufacturers; for 1939 data, see p. 49 of the March 1941 issue. For steel products, production for sale beginning
1933, see table 45, p. 14, of the November 1940 issue.
•Earlier data on pig-iron stocks not shown in the April 1942 Survey and earlier data on percent of capacity for steel plates not shown in the September 1941 Survey will
Digitized be
forpublished
FRASERin a subsequent issue.
14
S-32
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
October 1942
1941
August
September
October
1942
Novem- December
ber
J anua;:y
February
March
April
May
June
July
METALS AND MANUFACTURES—Continued
NONFEEKOUS METALS
Metals
Aluminum:
Imports, bauxite
_
Jong tons.
Price, wholesale, scrap, castings (N. Y.)
dol. p e r l b . .
Bearing metal (white-base antifriction), consumption and shipments, total (60 manufacturers)!
thous. of lb_Consumption and shipments, 38 mfrs.©
Consumed in own plants.
do
Shipments
do
Copper:
Exports, refined and mfrs.§._
short tons_.
Imports, total§
.do
For smelting, refining, and export§._.do
For domestic consumption, total*
do
Unrefined, including scrap*....
do
Refined*
do.
Price, wholesale, electrolytic (N. Y.)
dol. p e r l b . .
Production:
Mine or smelter (including custom intake)
short tons..
Refinery
do
Deliveries, refined, total
do
Domesticcf
do_
Export
.
do
Stocks, refined, end of month
do
Lead:
Imports, total, ex. mfrs. (lead content) _ _do
Ore:
Receipts, lead content of domesticore.do
Shipments, Joplin districts
....do
Refined:
Price, wholesale, pig, desilverized (N. Y.)
dol. per lb._
Production from domestic ore...short tons..
Shipments (reported)
.do
Stocks, end of month
do .
Tin:
Consumption of primary tin in manufactures
long tons.
Deliveries (includes reexports)^
do
Imports, total (tin content)*
..do.....
Ore (tin content)*
do
Bars, blocks, pigs, etc
. _ do
Price, wholesale, Straits (N. Y.)..dol. per lb..
Visible supply, world, end of mo. Jong tons.
United States (excluding afloat)
.do...
Zinc:
Imports, total (zinc content)*
short tons..
For smelting, refining, and export*...do
For domestic consumption:
Ore (zinc content)*
do__.
Blocks, pigs, etc., and old*
.do
Ore, Joplin district:!
Shipments
short tons..
Stocks, rrd of month
do
Price, wholesale, prime, western (St. Louis)
dol. per lb...
Production, slab, at primary smelters.*!
short tons..
Shipments, total %
do
Domestic*
do
Stocks, refinery, end of montht
...do._I.
90,960
86,462
.0875
.1100
.1100
.0936
.0931
2,907
5,767
6,830
5,621
4,754
649
1,310
983
2,696
911
3,066
757
2,931
723
2,548
10, 589
71,153
13,373
57,780
19, 872
37,907
10,198
70,581
15,546
55,034
20,063
34,971
.1178
.1178
.1178
.1178
81,839
86,019
81,553
86,617
125, 585 126,766
125,585 126,622
0
144
63,670
67,260
84,718
84,799
124,645
124,645
0
72,352
.1178
84,695
85,426
119,937
119,937
0
71,930
.0650
5200
.0825
. 0873
.0869
.0875
.0875
.0875
4,753
5, 506
3,745
4,599
3,578
3,541
3,163
813
2,399
697
2,795
562
1,885
594
2,198
667
1,484
528
1,711
463
1, 646
.1178
.1178
.1178
.1178
.1178
o
o
88,463 88,254
89,940 90,017
138,585 130,467
138, 585 130,467
0
0
75, 564 81, 371
80,148
81,724
107,616
107,616
0
77,329
92,106
94, 295 101, 683
89, 552 90, 672 98, 032
111,062 106, 701 134,079
111,062 106, 701 134,079
0
0
0
79, 537 83, 789 77, 383
(a)
(°)
(a)
(u)
(a)
(a)
47,891
65,401
38,228
4,576
38, 259
6,603
39,390
3,883
40,930
4,291
40,901
4,977
43, 224
3,231
41,828
3,690
43,397
6,576
43,171
2,348
3,638
4,79
.0585
39,100
55,005
15,330
.0585
41,373
47,093
13,148
.0585
37,221
43, 537
10, 735
.0585
41,566
45, 980
13.671
.0585
48,829
50,680
20.185
. 0628
43,307
53,037
20,531
.0650
45,633
45,920
24,830
.0650
50,919
57,590
27,1C0
. 0650
52, 049
54, 726
31,374
. 0650
47, 781
52, 874
29, 707
.0650
8,830
13, 625
17,719
6,144
11. 575
.5236
8,830
12, 715
14,311
2,115
12,396
.5200
8,760
8,000
)
8,290
8,355
9,570
7, 700
. 5200
.5200
.5200
.5200
.5200
. 5200
.5200
.5200
.5200
2,393
1,767
"i,"l27"
~2,~iS6"
~3,'500
22, 791
8,040
24,360
' 3, 651
()
(*)
10,935
3,816
r
37, 655
5, 250
46, 250
8.160
37, 267
5,130
47, 685
900
28,812
4,130
36,687
2,550
48,224
500
34,119
2,940
34, 481
4,240
46,279
3,500
.0825
.0825
(a)
(a)
()
17, 274
3, 435
39, 2?0
4,730
.0725
.0725
.0794
.0825
.0825
.0825
. 0825
.0825
.0825
75, 524
71,403
60,861
17, 969
73, 225
71,767
64, 623
19, 427
76,156
73, 989
61,525
21, 594
74,861
73, 273
61,014
23,182
78, 654
77,770
65, 058
24.066
76, 276
79,417
67, 252
23, 925
73,476
74,775
59,957
22, 826
79,139
80. 063
61, 564
21, 702
77, 034
70, 177
63,819
22, 559
17,180
30, 646
.195
16,388
28, 981
.195
.195
.195
.195
.195
.195
.195
.195
.195
5, 577
21,622
2,197
6,378
32, 265
2,561
6, 236
34, 471
2, 511
2, 835
34,190
2,768
653. 6
730.2
423.3
774.0
884.4
441.5
79,
83,
66,
18,
489
601
736
447
(a)
(a)
(a)
(a)
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_.
.195
.195
MACIONERY AND APPARATUS
Blowers and fans, new orders
thous. of d o L .
Electric overhead cranes:
Orders, new
do
Orders, unfilled, end of m o n t h
do
Shipments
do
Foundry equipment:!
New orders, net total
1937-39=100.
New equipment
...do
Repairs
do
Fuel equipment and heating apparatus:
Oil burners:
Orders, new, n e t . .
number..
Orders, unfilled, end of m o n t h
.do
Shipments..
do
Stocks, end of month
do
Pulverizers, orders, new
_
_do
8,067
9,579
510.8
536.7
433.0
10, 205
1,131
13,498
1,364
2,098
13,814
1,923
1,768
13,503
2,071
2,239
13, 731
1,955
3,163
14, 654
2, 216
5,927
18,415
2,079
312.9
298.2
356.9
363.8
372.0
339.2
403.8
414.2
327.2
408. 5
417.4
381.7
481.2
505.3
408.7
532. 7
570. 6
418. 5
9, 624
28, 563
2, 577
22, 500
567.9 1,122.3 1,089.3
636. 6 1,352 7 1, 307. 7
361.4
428.8
432.1
31,140
27, 451 20, 202
34,143
23, 225 19,674
8,100
16,006 14,844 10, 883
10, 680
9,396 !
22, 321
18,358
16,747
19, 0fi6 22,885
18,057
18, 418 16, 428 17.051
16,334
17, 843
18,763 i i
31,369
34,707
31,414
8,034
21,813
21,915
19, 159 17,996
14,412
11,600
9,171
8,441
27,294
27, 099 27, 304
39, 323 31, 940
28, GOO 27, 601 28,124 29,947 34, 509 41, 277
40,170
44
42
61
21
43
46
22
109
43
62
31 I
37
'Revised.
©Data cover 37 manufacturers beginning January 1942, one having gone out of business.
« The publication of statistics has been discontinued for the duration of the war.
* Deliveries are now reported for a larger number of companies than formerly and are not comparable with earlier data; no data for unfilled orders.
§Data revised for 1939; for exports see table 14, p. 17, and for imports see table 15, p. 18, of the April 1941 issue.
•Represents deliveries of foreign virgin tin; virgin tin produced in the United States from foreign ores is not included.
JRevised to include foreign ores beginning January 1940; see p. S-32 of the October 1941 Survey for earlier data.
cf Beginning March 1941, includes deliveries of duty-paid foreign copper for domestic consumption.
^Data forSeptember and Decemher 1941, and March and June 1942 are for 5 weeks; other months, 4 weeks,
•New series. Earlier data for the new break-down of copper imports and the new series for tin and zinc imports will appear in a later issue. For domestic shipments of
zinc beginning January 1940. see p. S-32 of the October 1941 Survey.
fRevised series. Data beginning January 1939 for the new series on bearing metal will be published later (see also note marked with a "f" on p. S-32 of the December
1941 Survey); one of 60 reporting manufacturers went out of business before January 1942.. For series on foundry equipment, see note marked with a " t " on D S-32 of
the September 1941 issue.
S-33
SURVEY OF CURRENT BUSINESS
October 1942
Monthly statistics through December 1939, to1942
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
1942
1941
August
September
October
Novem- December
ber
January
February
April
March
May
June
July
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATLS-Con.
Mechanical stokers, sales: d"
Classes 1, 2, and 3
.number..
Classes 4 and 5:
Number
.
Horsepower
Unit heaters, Dew orders
...tbous. of dol_.
Warm-air furnaces, winter air-coEditioning
systems, and equipment, new orders
tbous. of dol_.
Pumps and water systems, domestic, shir ments:
Pitcher, other hand, and windmill pumps
units..
Power pumps, horizontal type
do
Water systems, including pumps
do....
Pumps, steam, power, centrifugal, and rotary:
Orders, new...
tbous. of dol..
ELECTRICAL EQUIPMENT
Battery shipments (automotive replacement
only):
Unadjusted
1934-36 «= 100..
Twelve month moving totalf
do
Domestic appliances, sales billed:
Combined index, excluding refrigerators:*
Unadjusted index
1936=100..
Adjusted index
_
do
Ironers, household
units.
Ranges*
do
Refrigerators
do
Vacuum cleaners, floor type
do
Vacuum cleaners, hand type
do
"Washers, household
do
Electrical products:
Industrial materials, sales billed... 1936«= 100-.
Motors and generators, new orders. __ do
Transmission and distribution equipment,
new orders..
1936=100Furnaces, electric, industrial, sales:
Unit
kilowatts..
Value
tbous. of doL.
Electrical goods, new orders (quarterly)
thous. of doL.
Laminated fiber products, shipments
do
Motors (1-200 hp.):
Polyphase induction, billingst
do
Polyphase induction, new orders!
.do
Direct current, billings
do
Direct current, new orders
do
Power cable, paper insulated, shipments:
Unit...
tlouB. of ft..
Value
thous. of dol.
Rigid steel conduit and fittings, sbii ments*
short tons.
Vuleaniyfd fiber.
Corisfn ption of fiber paper
thous. of 1b.
Shipments
thous. of dol.
7,661
28,244
26,720
22,888
10,613
8,303
6,350
S89
SO, 344
487
91,429
418
83, 222
6,4S2
401
75,286
264
53,020
289
72, 229
7,062
246
67,011
15,001
19,552
32,163
126
18, 610
23,420
316
81,880
10,972
9,573
4,722
31,365
' 7,040
294
77, 324
5,481
435
88,938
331
7, 635
439
98,027
4,464
M28
105, 278
5, 463
7,423
45, 682
J.2C9
33,603
39, 527
1,295
32,400
41,360
1,376
33,907
37,668
1,498
28,221
31,663
984
28,198
41,534
3,150
23, 788
40, 528
359
24,437
43,117
167
26, 721
3,692
2,459
2,394
2,368
2,459
4,138
5,784
8,668
228
145
246
149
253
152
182
151
185
163
131
154
180
162
158.6
162.9
18.478
60,769
270, 643
If 0,620
27,686
148,811
193.2
193.3
14,545
66,206
164,521
182,660
33,239
145,194
157.7
167.8
15,916
51,730
132,972
127,190
21,730
147,390
243.0
307.0
254. 5
370.0
272.8
332.8
360.4
18,312
1,522
22,291
1,733
2,803
109.9
136.0
142.8
138.1
145.0
207.4
32,439
33,067
12.974
38, 350 48, 705 30,166 39,945
92,034 100,572 135,913
(b)
109,618 113,416 1C2, 292 108,777
21, 288 16,157
20,267
14,446
93,341 114,242
103,288 113,054
118.4
167.1
10,352
264.6
468.8
r
42,179
219
27, £89
' 33, 234
87
24, 2C4
• 29,958
'86
• 22, 662
42,932
3 31
22,459
4,334
4,634
5,703
5,797
161
169
91
169
65
167
66
161
90
155
121.0
93.0
93.0
72.0
47.0
37.0
27,820
19, 756
95,741
16,029
b
)
252.8
425.2
384.7
238.1
329.7
355.7
283.7
286.4
2G9.0
471.0
12,924
1,060
8,617
646
12,298
1,149
23,520
1,882
23,661
2,491
45,674
4,551
148,556
10,367
629,028
3,102
3,363
2,997
583,214
3,151
3,370
3,151
759,C63
3,641
3, €99
5,765
5,825
1, 763
6,016
6, 560
1, £43
3,057
6,298
6,903
2,314
2,903
5,388
5,410
2,074
2, SCO
6,957
8,176
2, 552
4,602
6,C61
7,086
2,140
3,974
6,417
7,409
2, 284
3,056
6,743
13,189
3,C97
8,313
7, 604
12, 687
4,418
10,166
1,418
1,729
1,244
1,807
1,487
2,052
1,067
1,536
1,054
1,694
958
1,475
1,119
605
1,062
578
£34
27,681
28,879
26,412
24,817
28,840
22, 834
22,838
25,572
26,489
3,683
1,802
3, 785
1,183
3,958
1,202
3, 525
1,031
3,738
1,107
3, 454
3,024
3,681
956
3, 987
1,107
3,800
1,145
247.0
343.0
283.0
£09.0
288.0
859.0
472.0
291.0
1,668.0
318.0
34,210
3,177
3,057,649
22,656
21,449
4,228
3, 215
PAPER AND PRINTING
WOOD PULP
Consumption and shipn«ents:^§
Total, all grades.
.
short tons.. 779,167 847, 576 83 3,093 880, 755 859, 056 847,617 P03,388 826,497 923,872 936, 497 875. 085 834,037 748,467
362,2C9 ?87, 475 367,8f0 397,927 379,340 374.877 402.896 373,289 422,107 416,206 421,243 388,618 '349,588
Sulphate, total
-..
do
305, 857 ?26,769 333,576 340,950 824, 883 325, C65 348,105 338,510 367, 071 361,786 368, 784 337, 371 286,467
I" nf leached
do
235, 446 257, 727 245, 856 264, 388 259,536 258, 254 270,666 248,864 272, 530 279,045 246. 655 254, 825 • 223, 557
Sulphite, total..
_
do
140,629 154,174 343,065 154,604 144,396 147,802 353,992 140,784 154,834 162, 749 338,249 350,752 • 129, 022
Bleached.
.do
64, 635 53,366 45, 291 41,868
54,167
53, 276 56, 543 51,814 57,161
64,995
43, 863 54,141
53,031
Soda
do
137,549 148,233 346. 366 163, 435 366,024 161,210 372, 983 152,430 370, 074 366, 611 355, 821 145, 383 133, 454
Ground wood
do
33, 828
19,378
Exports. Utal. all predes*
do
()
109,833
98,027
Impoitp, total, all grades*..
do
15, 255 34,530
Sulphate, total*
do
30,552
9,757
Unbleached*
do
65,358
75,111
Fulphite, total*
do
32. 624
38,065
Bleached*
do
32,634
37,056
Unbleached*
do
17, 626 16,804
G round woodi
-do
Production §
796,070 824, 760 797, 725 875, 835 863,786 847, 732 937,736 827,673 944,230 933,805 906,049 840,568 753,629
Total, all grades
.do
385, 7£0 384,345 366, 776 398,339 378, 087 373, 737 405, 729 373,572 425, 643 412,155 428, 479 394, 702 •361,272
Sulphate, total
do
328, 767 323, 261 312,949 340, 275 324, 352 324,942 ?50. f51 318,629 370,357 358,804 374,412 342,983 310,525
Unbleached
do
241,701 250, 462 243,713 266, 944 269, 685 253, C04 274,355 246,792 277,408 265, 639 269,072 263,057 •225,818
Sulphite, total
do
345,693 147,214 342,000 165,067 143,458 345, 138 156,252 143,544 3 58,440 150,657 347, 793 348,767 132.651
Bleached
do
44, 651 54, 587 50, 008 54, 332 53, 694 53,413
54, 368 52, 463 45, 484 41,584
56, 505 52,124 57,120
Foda. .
do
123, 968 135,366 137, 228 356, 220 172,420 167, 578 181,127 157,385 384,039 179, 643 166,037 147, 325 124,955
Ground wood
do
Stocks, end of month:§
190. 6C0 109,000 95, 600 90, 700 95,400 95,500 110,100 113,400 135,300 133,100 362,060 368, 600 373,700
Total, all grades....
do
16, 700 34,900 39,700
36,300
35,3 GO 33,900
64,800
16, 260 23, 5C0 29, 700 43,300
15,900
Sulphate, total
do
17,000
9, 600 13.300
30,600 34,600
10, 800 30, 300
60, SCO 12,300
37, 7C0 23, 300 37, 400
32,300
13,600
Unbleached
do
41,300 36,300 '39, 700 T 37,800 42,800
48,6C0
42, 200
29, 400 41,800 40,100
40. 700 38, 600 41,300
Sulphite, total
do
32, 400 25, 200 24, 200 25, 200 24, SCO 21,600 23, 900 24,600 28,200
26, 7C0 23, 700 27, 300
16,100
Bleached
do
4, 600
3, 800
3,200
5,0C0
4, 400
4,300
3,300
4, 500
3,600
3,600
3,400
5, 500
Soda...
do
3,400
29. 400 35, 800 42, 200 50,300 55,100 69,100 82,300 92,300 94, 200 85, 800
72,200 45,800
36,600
Groundwood
do
b
Revised.
vP
Preliminary.
• Seee note
Not
R
evsd.
e a y .
t " e ,, " p. 30.
ot available
available for
o publication.
pblato.
•Domestic pulp used in producing mills and shipments to market.
eff Of the
th 101
101 reporting
ti fifirms, 88hhave ddiscontinued
i t i d production
dti
of
f stokers
tk
dduring
i
th
the war; some manufacture stokers only occasionally; only 59 reported sales July 3942.
t Shown in 1940 Supplement and monthly issues through February 1943 as A. C. motors. KData revised for 1939; see table 15, p. 18 of the April 1941 issue.
§ Data have been revised beginning January 1939; the revised data will be published in a subsequent issue. All data shown above are estimated industry totals furnished by the U. S. Pulp Producers Association.
*New series. For data beginning 3933 on unit sales of electric ranges, see table 52, p. 18 of the November 1940 issue Cfor revision in note regarding coverage of the data,
see note marked with an "*" on p. S-33 of the October 1943 Survey). Data beginning 1937 for shipments of rigid steel conduit and fittings are shown in table 34, p. 26, of
the November 3941 Survey. Earlier monthly data for the indexes of domestic appliances are shown in table 38, p. 21, of the January 1942 issue. Data beginning 1913 for exports and imports of wood pulp are shown on p. 33 of the October 3940 issue.
Digitized forfEevised
FRASER
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
1941
1942
August
October 1942
August
September
October
1942
Novem-1 Decent " I "Januber ! ber
ary
February
March | April I
May
June
July
PAPER AND PRINTING—Continued
WOOD PULP—Continued
prfces, wholesale:
Sulphate, Kraft No. 1, unbleached*.dol.per 1001b.
Sulphite, unbleached
do
3.625
3.525
3.625
3.713
3. 625
3. 713
3. 625
3.713
3. 625
3. 713
3. 625
3.713
3. 625
3.713
3.625
3.713
PAPER
Total paper, Incl. newsprint and paperboard:f
Production
short tons..
Paper, excl. newsprint and paperboard:f
Orders, new..
short tons_.
Production
do
Shipments
do
Book paper:cf
Coated paper:
Orders, new
...short tons..
Orders, unfilled, end of month
do
Production
do
Percent of standard capacity
Shipments
..short tons..
Stocks, end of month
.
do
Uncoated paper:
Orders, new
do_.__
Orders, unfilled, end of month
do
Price, wholesale, " B " grade* English finish,
white, f. o. b. mill
dol. per 100 lb__
Production
short tons..
Percent of standard capacity
Shipments
short tons.Stocks, end of month
...do
Fine papenf
Orders, new
.do
Orders, unfilled, end of month
do
Production, _
do
Shipments
do
Stocks, end of month
___do
Wrapping papenf
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
_
_
do
Stocks, end of month.
do
Newsprint:
Canada:
Exports.
.do
Production
do
Shipments from mills
.do
Stocks, at mills, end of month..
do.
United States:
Consumption by publishers..
do.
Imports
-..
_.
_>. do.
Price, rolls (N. Y.)
dol. per short ton..
Production
short tons..
Shipments from mills.
.do.
Stocks, end of month:
At mills
...do
At publishers
do
In transit to publishers.do.
Paperboard:
Consumption, waste rjaper
do.
Orders, new
do
Orders, unfilled, end of month
do
Production
do.
Percent of capacity
Waste paper stocks, at mills
short tons..
,156,900 1,132,309 1,238,030 1,161,122 1,177,426 1,249,415 1,132,586 1,224,765 1,194,724 1,102,289 990,088
572,131
528,192
537,925
139,643
143, 209
134,790 135,649 115.160 120,759
145, 861 134, 649 119,869 i 107,441
137.942
106,153
914,144
435,152 424,707 402,028
533, 859 485,527 435, 859
515, 417 473,451 431, 274
8, 896
4, 807
11,201
40.1
11,161
13, 570
3, S07
10,333
37.0
9,824
14,070
9,035
4,112
8,571
30.7
9,144
13,487
110,708 119,348
92,394 | 81,642
106. 680
68, 283
88, 992
55, 412
90, 064
51, 326
95,064
52,237
7.30
138,699
107.2
136,180
47, 932
7.30
7.30 I 7.30
7.30
7.30
7.30
7.30
7.30
128,983 145,887 136, 659 132, 236 143, 583 129, 403 133,310 124,007
102.6
105. 0
109.8
111.0
108. 9
98. 2
105.0
109. 3
132,720 146, 523 133, 067 133, 45S 141,828 128,712 130, 206 121,980
43,115
47, 271 45, 273 45, 968 46, 738 49, 733 52, 335
43,828
7.30
114.111
89.4
111,088
55, 586
7.30
93, 679
73.9
94,703
54,118
7.30
92. 237
72.7
97, 304
49,050
76, 968
120,602
54,073
56, 523
49,078
65, 527 66, 982 52, 773 51,948
126,097 131,876 127,734 119,847
59, 607 58,242 60,176
55,115
56,062 63,826
60,053
60,8S1
48,970 43,923
42,430 41,318
195,492
200, 233
190, 581
195,017
70, 545
183,054
199,450
186, 853
185,418
71, 809
197,035
191, 666
204,790
205, 921
70.770
171,950 195, 773 205, 436
176,775 172,528 167,838
186, 799 197, 408 211,630
188,076 196, 880 211,880
68,960 70,422
70, 089
181,150
161,842
187,990
185, 348
70, 039
203,361
1 GO. 881
208,188
203,323
74,091
199,272
151,056
210,318
209.120
75, 598
187, 400
131,933
207, 803
204, 402
79, 244
275,223
293,054
296,985
155,214
293,181
298, 276
305,010
148,480
321,664
318, 787
304, 685
162, 582
298,938
300, 308
320,860
142,030
268. 110
311,904
291,998
143,477
254,799
278,101
264,€21
156,957
269,749
295,835
308,106
144,626
230, 324
277, 741
238 346
184,021
247,983
()
251, 831 242, 702 241,178
206, 443 253, 2S3 243, 020
169,409 158,8S8 156,446
224,361 239,098 262,488 263,889 274,471 231,961
254, 894 242,570
(°)
50.00
50.00
50. 00
50.00
50.00
50.00
83,592
78, 657 87,068 82. 621 81, 680 84,628
80,756
80, 252
84,331
83,998 80, 787
87, 318
13,459
11,864
11,614
9, 904
7, 586 11,427
345,158 341,884 334,529 333,120 330, 259 266, 2S6
38,706 46, 608 46, 570 53, 459 55,037
46, 362
216,109
251,042
238,493
242,372
50. 00
76, 234
75, 247
50.00
80,923
82,176
50. 00
82, 069
81,182
50.00
80, 040
76,612
298,380
300,823
319, 282*
123, 571
14,769
9, 413
19,661
76. 2
19, 958
13,408
66, 766 53,211
55, 029
115,708 112,775 104,915
61,766
55, f 99 62,468
62 792
57, 926 61,052
39^ 674 37,024
38,120
46, 505
79, 757
62.107
59, 693
40, 529
12.414
11,161
12,648
370,101 308,520 383,384
55, 336 47, 376 44, 843
437,602 425.878 390,276 438,591 411,110
521,866 £81,502 £08,272 542,432 495, 547
404,121 406,348 389,700 349,434 297, 904
545,050 £80, 059 530. 609 577,942 550,653
92.6
9G. 8
98. 6
98.1
94.0
186, 522 181, 456 198,659 241,178 308, 963
215
399
273
286
73.2
422,958
411,073
565,853
452,966
545,116
95.9
237,339
422,361
542,792
444,736
538,405
95.0
218, 257
464,446
595,634
446,023
583,668
98.9
189,163
419,770
527,829
433,788
536,646
98.5
167,424
809
Book publication, total
no. of editions..
642
New books
do.
167
New editions
do.
Continuous form stationery, new orders
thous. of sets. _ 227,722
Pales books, new orders
tbous. of books.. 17, 235
985
774
211
903
780
123
874
767
107
1,190
982
208
716
117
753
645
108
804
674
130
743
586
157
219,326
26,544
271,203
27,878
299, 591 223,492
28,278 24,859
261,913
23,307
262,613
24, 979
257,791
22,806
300,717
22, £78
304,
423,
170,
430,
480,905
£61,402
544,116
13,401
4, 922
15, 467
55. 3
15,399
13, 543
7.30
98,839
79.1
99, 222
48, 445
18,149
430,409
40, 270
20,300
17,677
25,859
96.2
25, 628
13, 713
535,913
565,900
549,851
13,708
6,523
17, 200
61.5
17,027
13, 696
98, 558
50, 859
50.00
79,885
79, 556
24, 276
21, 646
29, 049
100.0
28,703
13, 514
21,354
13,138
25. 439
87. 6
25, 380
13, 719
28,113
27, 503
25, 248
91.2
25, 273
12, 637
223,189
21,032
24, 772
24, 791
92.2
24, 692
12, 762
570,366 4G0, 358
584. 728 525,743
579,162 524, 645
19, 286
14,723
25, 526
91 3
25, 435
13, 745
8, 483
4, 309
7. 906
32.0
8,289
12,026
253, 239
255, 563
154,122
546,476 561,183 494.691 523,096
515. 247 567, 294 541, 855 550,696
522,578 581,324 541,125 557,951
8,449
40, 339 35, 479
64,300 49. 485
58,953 ' 52, 850
56, 505 50,403
43, 205 46, 004
107,470
111,101
191.899
187, 537
81,080
39, 042
40, 588
40, 713
45, 080
46, 220
100,105
100, 290
176, 864
107, 497
88, 239
222, 244 210,549
50. CO
50.00
79. 386
70, 952
78,413 j 76,181
16, 076 17,049 I 17,820
384, 758 402,401 418,985
35,454
39,025 36,442
352, 972
428,778
228, 701
491, 390
83.8
371,086
290, 938
379,375
183,985
425,175
72.4
414, 775
283,040
393, 968
170, 545
401,333
05.7
428,067
1,036
818
218
637
537
100
709
537
172
200,078 169, 904 188,437
19, 072 18,101 20,051
150,392
16, 450
PKINTING
782
057
125
RUBBER AND PRODUCTS
CRUDE AND SCRAP RUBBER •
Crude rubber: ~
Consumption, total
long tons_.
55,365
53,655
60,418
1
For tiies and tubes (auarterly)
do
115,749
106,540
Imports, total, including latext
do
83,151
<•)
Price, smoked sheets (N. Y.).©_-dol. per lb__
.227
.226
.241
.231
. 239
.232
Shipments, world§_.
...long tons.127,634 164, 968 113, 548
Stocks, end of month:
Afloat, total
„
do
250,000 280,000 285,000
90,591 141,756 172, 633
For United Statesdo
British Malaya
.do
79,296
98, 724
91,478
42f., 253 455,000 454,711
United States »
.
do
Reclaimed rubber:
20,864
Consumption
do .
24,032
25, 009
24,111
Production
do_. .
24,678
26, 560
Stocks, end of month
...do
38,055
39,099
38, 604
56,138
Scrap rubber consumption
do
r
Revised, i Includes Government reserves. ° The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
h
No comparable data. 0 Superseded, effective February 1, 1942, by fixed Government price of $0,225 for sales bv the Rubber Reserve Company.
JFor monthly data for 1913 to 1938, see table 28, p. 18 of the May 1940 Survey; for revised data for 1939, see table 15*, p. 18 of the April 1941 Survey.
cfThe number of companies reporting has fluctuated to such an extent that tonnage figures are not comparable from month to month.
§Data are from the Statistical Bulletin of the International Bubber Begulations Committee; see note marked " § " on p. 8-34 of the February 1942 Survey.
tRevised series. For revised data for the indicated paper series beginning 1934 see table 43, pp. 12 and 13 of the November 1940 Survey except for subsequent revisions
in total
paper beginning February 1939 through February 1941 which will be published in a later issue.
http://fraser.stlouisfed.org/•New series. Data beginning 1926 on price of sulphate wood pulp will be shown in a subsequent issue.
•The
publication of rubber statistics has been discontinued.
Federal Reserve Bank of St. Louis
S-35
SURVEY OF CURRENT BUSINESS
October 1942
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the August
1940 Supplement to the Survey
1941
August
September
October
1942
Novem- December
ber
January
February-
March
April
May
June
July
RUBBER AND PRODUCTS—Continued
T I R E S AND TUBES •
Pneumatic casings:
Production .
. _
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, erd of month
do _
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics (quarterly)
thous. of ib_.
4,983
5,394
1,122
4,132
140
5,834
4, 563
5, 259
1,469
3,661
129
5,154
4,834
5, 867
1,994
3.964
4,048
1,804
2,967
2,604
1,289
1,369
1,231
985
1,113
1,116
1,156
1,027
1,100
1,557
4,123
4,043
4.417
4,550
4,553
4,809
5,175
A, 436
4,780
105
6,071
4,143
4,792
90
5,431
4,137
5,143
(•)
4,448
3,725
3,825
2,729
2,390
1,328
1,257
1,051
1,099
1,129
986
1,141
1,299
4,377
4,678
4,712
4,678
5,026
5,892
6,848
7,433
8,650
6,362
6,287
8,725
6, 532
6,086
9,170
5, 545
6,300
8,315
4, 753
5,213
7,907
4,479
5,247
6,803
3,884
4,171
6,272
3,502
3,827
5,947
3,154
3,656
5,455
3,207
3 565
4,439
111, 700 130, 525 109, 568 105,808
110, 645
115,910
121,187
78, 638
R U B B E R AND CANVAS F O O T W E A R
Production, total.._
Shipments, total
Stocks, total, end of month
thous. of pairs..
do
„ do _.
5, 543
6, 990
10,809
._.
5,844
7,422
9,228
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE P R O D U C T S
Coated abrasive paper and cloth:
Shipments
.
reams.
135,030
173,022
141,985
138,555
138,327
199,373
16, 345
76. 5
17, 825
19, 732
5,219
16,115
78.3
18. 284
17,561
4,804
16, 688
78.6
17, 833
16,417
4,192
14,931
72.7
13, 724
17, 638
4,250
13,810
64.8
11,511
19,925
4,575
12, 360
58.6
9,115
23,168
5,020
10, 787
57.0
8,293
25,668
5,840
12, 733
61,0
12, 563
25,831
6,570
14,068
69.0
14,774
25,112
6,656
16,119
77.0
16, 349
24.886
6,241
16.022
79.0
18,250
22, 009
5,809
16, 833
80.0
20, 501
18, 972
5, 536
12. 715
12. 853
12.876
12.921
12.935
13.100
13.165
13. 215
13.209
13. 216
13. 254
13. 226
6, 701
1,890
6,330
1,816
6, 831
1,932
5,289
1, 501
5,029
1,432
3, 584
1,077
3,689
1,047
3,944
1,119
3,905
1,147
3.290
939
9 "09
2, 589
667
3,906
27,813
5, 873
24, 630
4. 551
24, 694
3,113
17, 211
1, 735
17,122
1,046
17,948
785
18,823
2, 075
18,992
1,983
19, 615
2, 680
19, 647
3. 682
19,461
3,711
18, 760
6, 844
102.4
6,847
867
1,308
39
479
432
7, 016
101.1
6, 244
389
1,242
55
310
40B
1. 042
2, 022
404
10
7,948
6,187
100. 3
5.295
' 240
974
42
316
200
1,056
1, 7G6
381
242
3
8,711
6,043
90.4
4,905
214
862
39
332
395
843
1, 640
374
245
4
9,610
6,755
96.5
5,877
271
1,191
45
352
524
905
1,884
399
257
29
10,228
5,965
96.1
6,141
352
1, 319
37
408
601
917
1,741
429
224
97
9,950
6,935
103.1
7,073
588
1,517
49
503
737
983
1,806
514
243
106
9,450
6,921
102.9
6,830
454
1,554
51
479
868
838
1,757
448
234
125
9,417
7,192
111.2
6,997
419
1,489
49
508
1,158
814
1,733
441
259
104
9,489
6, 723
99. 9
6, 356
331
1,405
43
451
1,065
759
1,482
433
272
90
10,008
5,946
88.4
6,333
383
1,577
40
416
837
853
1,379
328
295
195
9, 528
4,837
4,937
6,975
4,658
3, 584
7,903
4,346
3,236
8,936
5,350
4,143
8,797
4,595
3, 921
9,376
4,804
4,482
9,260
4, 558
4,610
9,156
4,134
4, 315
8,879
3, 779
3, 845
9,140
3,183
3,915
8,411
PORTLAND CEMENT
Production
_-__
_>_thous, of bbL__ 17, 005
85. 0
Percent of capacity
Shipments
thous. of bbL.. 21,282
15,295
Stocks, finished, end of month
_do
4, 533
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 brick..
Stocks, end of month
.....
.—do
GLASS PRODUCTS
Glass containers: §
Production
.thous. of gross-.
Percent of capacity.
Shipments, total
-thous. of gross-.
Narrow neck, food*
.._
do
Wide mouth, food*
..do...
Pressed food ware*
do
Pressure and non-pressure*
do
Beer bottles*
_
> do...
Liquor ware*
..do
Medicine and toilet*
do
General purpose*
do...
Milk bottles*
do.._.
Fruit jars and jelly glasses* ._
do
Stocks, end of month
do
Other glassware, machine-made:*
Tumblers:
Production
.thous- of doz__
Shipments
do
Stocks
do
Table, kitchen, and householdware, shipments
thous. of doz__
Plate glass, polished, production
thous. of sq. ft..
Window glass, production
thous. of boxes. Percent of capacity
.
6,585
97.9
6, 902
546
1, 828
33
320
1,164
1,253
329
270
401
9,139
239
8,052
6, 370
90.1
6 9fiS
1,008
1,209
45
331
401
1,074
1, 891
417
342
158
7,321
4. 498
4, 532
8,196
4,879
»• 5,010
7,872
4,407
4, 998
7,208
095
1, 820
414
3,048
3,857
3,427
4,082
3,279
2,553
2,587
3,112
3,278
2,876
2,927
2,494
2,397
3, 8G3
1,075
66.2
14,126
1,267
78.1
14,906
1,123
69.2
15,769
1,524
93.9
14, 277
1,300
80.1
10,311
1,696
104.5
9,143
1,639
100.0
5,600
1,457
89.7
5, 565
1,583
97.5
5,570
1,644
101.3
4,310
1, 557
95.9
4, 726
1, 223
75.3
4,194
1.274
78.5
GYPSUM AND PRODUCTS
Crude:
Imports
.
short tons.
Production
_do_.._
Calcined, production
do
Gypsum products sold or used:
Uncalcined
...do...
Calcined:
Building plasters
do...
For mfg. and industrial uses
do
Keene's cement
do
Board and tile, total
thous. of sq, ft.
Lath
„._
do...
Tile
.do...
Wallboard........
.....do...
366,519
1,335,905
O)
1,099,244
()
1,361,034
1,088,745
()
1,066.362
817,856
1,234,293
829, 206
368, 209
317,781
285,755
399,192
577,840
41,589
8, 854
718,415
479, 794
9,133
229,488
436,255
36,130
6, 841
843. 920
567,393
7,398
269,129
352, 316
34,114
5,904
611,306
348, 061
6,490
250,755
333,180
35, 736
3, 781
027, 379
254,690
7,523
365,106
r
h
Revised.
• The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
Data not available.
• The publication of data has been discontinued.
• New series. Data for glass containers for the period January 1934-December 1939 are shown in table 49, pp. 16 and 17, of the November 1940 issue; minor revisions for
1940 for wide-mouth food containers and liquor ware not shown on p. S-35 of the September 1941 issue, and also revisions for 1941 not shown on p. S-35 of the June 1942 Survey
are available on request; earlier data on glassware other than containers are shown in table 2, p. 17, of the January 1941 Survey.
Data revised for 1941; revisions for January-March not shown in the Survey are minor and are available on request.
Digitized for 5FRASER
S-36
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, to- 1942
gether with explanatory notes and references
to the sources of the data, may be found in the August
1840 Supplement to the Survey
October 1942
1941
September
August
October
1942
Novem- December
ber
January
February-
March
April
May
June
12,729
13, 533
20,346
11,913
11,500
20,748
12, 033
10,990
21, 781
'8, 754 957,015
966,940
July
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs.
Shipments..
-do
Stocks, end of month
do
11,982
12,118
22, 462
COTTON
Consumption
bnles. 925, 089
Exports (excluding )inters)§
do.-.
Imports (excluding Jinters)§do...
Prices received by farmers . .
dol. per lb.
.180
Prices, wholesale middling lbAz', average lOnar.186
kets*
do...
Production:
738
Ginnines (runnincr bales)*....thous. of bales..
Crop estimate, equivalent 500-Ib. bales
14,028
thous. of bales.
Stocks, domestic cotton in the United States,
totalcf
thous. of bales.
On fprms and in transitd*
do
7,502
Warehouses
do—
1,848
Mills
.do—
COTTON MANUFACTURES
Cotton cloth:
Exports§.
thous. of sq. yd..
Imports!
do
Prices, wholesale:
22.17
Mill margins
cents per lb_.
.090
Print cloth, 64 x 60
dol. per yd..
.108
Sheeting, unbleached, 4 x 4do
Finished cotton cloth, production:
Bleached, plain
thous. of yd.. 178,185
Dyed, colors
d o — 149,159
5,121
Dyed, black
do
Printed
_ d o — 60, 073
Spindle activity:
Active spindles
.
thousands.. 22,974
Active spindle hours, total
mil. of hrs_. 10,98\
458
Average per spindle in place
hours...
136.4
Operations
percent of capacity..
Cotton yarn, wholesale prices:
.421
22/1, cones (factory)!
dol. per lb_.
.515
40/s, southern, single, carded, Boston._do
RAYON AND SILK
Rayon:
Deliveries (consumption):
Yarn*
mil. of lb_.
Staple
fiber*
do
Tmports§
thous. of lb_.
Price, wholesale, viscose, 150 denier, first
quality, minimum filament*.—dol. per lb._
Stocks, end of month:$
Yarn
mil. of lb_.
Staple
fiber*
do
Silk (all data discontinued).
11,499
13,785
23, 991
872, 035
34,967
43, 322
.153
.161
506
11,974
13, 771
22, 236
14,107
14, 977
21, 409
12, 501
12, 585
21, 367
875, 682 953, 600 849,733
189, 215 161, 668
25, 413 40, 696
.175
.171
4,713
7,961
13,147
12.869
22, 292
87, 326 945, 909
12, 204
12,759
21, 726
12, 951
13, 506
21,160
'3, 745 966, 631
.162
.169
.178
.181
.164
.173
.190
.192
.196
9,592
9,915
10,225
.166
.165
12, 555
11, 938
22,026
.190
.192
.183
.202
.200
.189 |
.186
10, 495
.194
49
110,742
21, 628
10, 774
9, 234
' 1,619
20, 992
7,990
11,453
1,549
49, 576
3,075
46,985
5,535
20.53
.080
.095
20.01
.080
.095
T
19,886
4,712
13, 268
1,906
18,818
2,738
13, 915
2,165
8
13, 658
2,299
12,805
2,388
12.169
2,465
11,310
2,538
10, 358
2,518
2,481
8,421
2,340
20.26
.086
.103
20.27
.087
.104
20.25
.088
.105
20.28
.089
.107
20.95
.090
.108
21.82 I
.090 i
.108 !
<)
20.41
.080
.094
20.18
.081
.095
20.31
.083
.098
171,667 185, 786 188, 594 170,132 180, 792 192,229 176,227
132,177 138, 437 143, 718 131. 727 126. 677 133, 624 126,465
6,369
6.113
6,750
7,116
6,042
8,547
6,553
97, 283 98, 757 98, 297 78,572 91,674 82,267
83,791
191, 654 194,328
145.169 148,023
6,010
5,338
88, 674 75,962
192,142 192,091
145,423 i 147,654
5, 573
5, 196
72,813 61,287
23.029
10, 253
421
125.3
22, 964
10, 407
429
123.7
23,043
11,232
463
125.8
23,069
9,901
409
129.4
23,063
10,540
437
124.0
23,077
11,364
471
136.9
23,078
10, 457
435
135.9
23, 096
11, 374
473
134.3
23,100
11,463
476
135.3
.408
.475
.424
.481
.391
.479
.380
.471
.390
.481
.409
.500
.408
.504
.414
.506
.420
.516
.421
.515
.421
.515
38.4
12.8
37.3
12.2
228
37.0
13.0
743
41.7
13.2
38.5
11.5
39.3
12.4
41.2
12.5
36.0
11.3
40.0
12.6
37.6
13.0
37.6
12.7
38.9
13.7
.550
.530
.542
.550
.550
.550
.550
.550
.550
.550
.550
.550
7.3
3.9
4.2
3.4
4.9
2.7
5.4
1.7
4.5
1.8
3.8
1.8
4.8
1.9
4.4
2.1
4.1
2.3
5.4
1.7
2.1
7.0
2.3
53,880
6,555
44,740
2,544
44,320
53,510
4,280
2,602
95
177
2,754
86
136
2,789
81
144
2,668
78
129
23,121
23, 091
11,193
11,264
4G5 S 469
138.4 | 133.2
WOOL
61, 658
63,010
Imports (unmanufactured)§
thous. of lb__
C)
Consumption (scoured basis) :\
39, 712 41, 764 61, 995 40, 660 43, 696 44,480
45, 536
Apparel classA
do
40, 972
11, 256 11, 212 13,980
2,024
10, 700 11, 708
Carpet classA
do—
5,828
5,784
Machinery activity (weekly average):!
Looms:
Woolen and worsted:
2,606
2,523
2,521
2,546
2,701
2,706
Broad
_
thous. of active hours.2,850
2,616
93
94
89
70
90
Narrow
—do
78
89
86
240
246
229
117
251
Carpet and rug
do
227
227
221
Spinning spindles:
124,074 117, 876 113,084 112, 567 108,127 110,157 118,654 117,130
Woolen
do
120, 305 125,902 123, 512 127, 257 122, 409 129,890 120.806 101, 015
"Worsted
do
237
211
232
223
220
Worsted combs
.
do
233
243
231
Prices, wh olesale:
1.06
1.20
1.05
1.08
Raw, territory, fine, scoured
dol. per lb,_
1.11
1.13
1.14
1.16
.50
.46
.48
.49
.49
Raw, Ohio and Penn.,
fleeces
do
.49
.52
Suiting, unfinished worsted, 13 oz. (at mill)
.49
2.228
dol. per yd-_
2.129
2.228
2.228
2.228
2.320
Women's dress goods, French serge, 54" (at
2.228
1.411
1.391
1.330
1.411
mill)
dol. per yd..
1.411
Worsted yarn, $Ws, crossbred stock (Boston)
1.411
1.740
dol. per lb..
1.700
1.800
1.763
1.800
1.800
1.800
1.800
61, 336 39, 704 26, 253 37, 571
Receipts at Boston, total
thous. of l b . .
GO
26, 570
9,661
11, 735 17, 281
Domestic
do
7,555
9,658
34, 765 30,043
14, 518 20, 290
Foreign
do
2
)
a
2
«• Revised.
See note "«", p. 37.
i 1941 crop.
Data discontinued.
3 T$0 quotation.
§Data for 1939 revised: for exports, see table 14, p. 17 and for imports, table 15, p. 18 of the April 1941 issue.
116,996 125,659
99, 935 114,464
241
231
1.18
.52
1.20
.52
2.599
2.599
1.800
1.800
1
125,157 119,375
116,750 I 115,368
239
233
1.20
.52
1.20
.50
1.800
1.800
4
Sept. 1 estimate of 1942 crop.
Total winnings to end of month indicated.
fiber
consu
shown in table 30, p. 22 of the November 1941 issue. The new price series for cotton, which replaces the New York price formerly shown in the Survey is the average spot
price of middling i<He" at 10 southern markets compiled by the Department of Agriculture; earlier data not shown in the June 1942 Survey will be published in a subsequent
issue.
cT"Revised monthly data for August 1939-July 1940 will be shown in a subsequent issue.
^Beginning 1942, domestic and duty-paid foreign wools are classified as apparel and all free foreign wools are classified as carpet. Formerly duty-free foreign wool not finer
than 40s used in press cloth, knit or felt loots, or heavy-fulled lumbermen's socks (incompletely reported prior to September 1941) was classified under apparel wool and the
carpet-woo] classification included a small amouDt of duty-paid wool. Data for 1941 as shown in the Survey beginning with the April 1942 issue have been revised
for con
ied for
comparison with 1942 data.
fCarded, white, Southern, for knitting; data for 1941 not shown above: Jan., 0.267; Feb., 0.270; Mar., 0.283; April, 0.333; May, 0.361; June, 0.360; July, 0.369.
S-37
SURVEY OF CURRENT BUSINESS
October 1942
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1941
1942
August
August
September
October
1942
Novem- December
ber
January
February
March
April
May
June
July
TEXTILE PRODUCTS—Continued
TS COL—Continued
Stocks, scoured basis, end of quarter, total
thcus. of lb_.
Woolen wools, total
do
Domestic
- - do
Foreign
do
Worsted wools, total
do
Foreign
191 Ef6
66, f (18
36, 304
SO 204
126,r"62
67 334
68,318
do
0
190 780
71,971
35,f-62
36 109
118,639
41,680
76, K69
(p
(j
(i
(]
(i
0,
MISCELLANEOUS FECBICTS
Fur, sales by dealers..
thors.ofdol__
Pyroxylin-coated textiles fcottrn fabrics):
Orders, unfilled, end of mo_-thous. linear y d . .
Pyroxylin spread
thous. of lb_.
Shipments, billed
thous. linear y d - .
6,349
4,267
1,441
790
'626
10,028
7,142
7, 703
8,747
7, CS7
8,017
9,009
7.488
7,841
8, 206
6,f<8
7,C97
7,826
6, f 37
7,398
r
3,178
' 6,967
' 6, 9C4
'4,913
7,112
6,181
6,746
7,684
6,f-.F9
6,464
7, 797
6,403
6,652
7,3CO
6, 6f.9
6,t89
13,023
5,632
6,394
11, 599
1,146
12, 222
546
9,723
611
14,444
941
10,628
4,742
6,260
16,170
4,771
6,201
TRANSPORTATION EQUIPMENT
Exports§
AIRPLANES
.number..
533
AUTOMOBILES
Exports:
Canada:
Assembled, total.
_
..number...
Passenger cars..,
do
United States:
Assembled, total §
do
Passenger cars§
do
Trucks§
do
Financing:*
Retail, passenger cars, total...Jan. 1942~100._
New cars
do
Used cars
do
Retail automobile receivables outstanding,
end of month
Dec. 31, 1939=100..
Production:
Automobiles:
Canada, total
number..
Passenger cars
do
United States (factory sales), total..-do
Passenger ears
do
Trucks
do
Automobile rims
thous. of rims.Registrations:}
New passenger cars.
number..
New commercial cars
do
Sales (General Motors Corporation):
World sales:
By U. S and Canadian plants
do
United States sales:
To dealers
do___.
To consumers
__do
Accessories and parts, shipments:
Combined index
Jan. 1925=100..
Original equipment to vehicle manufacturers
Jan. 1925=100..
Accessories to wholesalers.._
do
Service parts to wholesalers
do
Service equipment to wholesalers
do
16, 932
3, 263
8,849
619
11,144
1,052
11,798
5,981
658
11, 002
246
20, 616
6,706
13, 910
15, 678
2, 279
13,399
325
806
209
196
419
142
201
483
133
179
429
118
196
463
132
100
100
100
73
46
81
58
42
62
178
170
164
157
149
139
116
105
17,192
3,160
147, 601
78, 529
69,072
1, 532
14, 496
2,548
234, 255
167,790
66,465
1,811
19,360
5,635
382,009
295, 568
86,441
2,024
21,545
7,003
352, 347
256,101
96,246
1,864
20,313
6,651
282, 205
174, 962
107,243
1,677
21,751
4,249
238, 261
147,858
90,403
1,271
20,181
3,989
134,134
52, 200
81.934
823
246,595
56,191
125,293
43, 892
165,485
41, 352
164,747
36, 799
174,188
41,006
64, 603
23, 356
19,177
10,311
29, 268
89, 300
179,120
171,412
19, 690
84, 969
81,169
62,829
162, 543
103,854
153,904
126, 281
246
282
270
281
225
258
160
242
216
271
170
298
290
271
173
267
288
286
174
297
255
265
144
229
217
280
174
302
287
)
139
231
201
20,188
3,192
94, 510
6,216
88, 294
141
234
202
(a)
(a)
59
57
60
)
665
617
664
130
205
198
128
174
183
126
111
187
573
RAILWAY EQUIPMENT
Association of American Railroads:
Freight cars, end of month:
1,682
1,676
1,689
1,694
1,709
1,671
1,701
Number owned
thousands. _ 1,737
1,737
1,726
1,731
1,736
1,718
Undergoing or awaiting classified repairs
73
68
62
78
68
61
61
thousands..
63
62
55
63
57
60
4.4
4.1
4.1
3.7
4.7
3.6
3.6
Percent of total on line
3.1
3.6
3.2
3.7
3.3
3.5
$6, 943
78, 974
75,559
89,917
73, 697
69,402
Orders, unfilled
cars... 34,195r
66, 870
35, 442
37,891
58,129
48,351
68, 316
57, 584
52, 563
63, 607
49, 939
65,814
50, 661
45, 798
Equipment manufacturers
do
24,626
24, 974
25,062
39, 804
31,440
47, 985
21,390
22,996
24,103
23, 336
21, 072
Railroad shops
do.__.
9, 669
23,036
19,463
10,468
12, 829
18, 325
16,911
20, 331
Locomotives, steam, end of month:
Undergoing or awaiting classified repairs
3,634
3,778
4,022
3,370
4,208
3,378
3,231
3,114
2.669
2,477
number.3,228
2,930
10.2
9.6
9.2
10.7
8.6
8.6
8.2
6. 0
7.0
Percent of total on line
7.9
6.8
8.2
7.5
284
309
317
281
258
323
249
300
350
Orders, unfilled
.number..
334
395
408
426
240
269
263
256
260
237
229
282
304
Equipment manufacturers
do
284
357
372
348
44
67
46
25
21
48
20
18
46
Railroad shops
._
...do.
50
47
51
54
U . S. Bureau of the Census:
Locomotives, railroad:
921
1,022
964
917
1,210
1,649
Orders, unfilled, end of mo., total
do
1,197
1,273
1,554
1,425
1,332
1,720
1,586
364
285
297
268
526
783
522
551
589
669
854
716
658
Steam tdo.
632
684
653
658
SCO
667
675
722
743
870
896
756
866
Othert
do.
79
102
89
146
96
87
100
89
125
111
142
132
132
Shipments, totalt
do.
12
27
15
22
61
28
19
50
59
62
57
56
Steamf
do_
75
74
67
74
85
72
70
61
83
70
Othert
---do.
h
0 The publication of detailed foreign trade statistics has been discontinued for the duration of the war.
Discontinued.
1 Because of changes in the coverage and the classification of stocks, figures comparable with data formerly shown are not available. 1942 data for commercial stocks of
wool finer than 40s (other than wool afloat which is no longer available for publication), including stocks held by country dealers and in country warehouses, are as fellows*
July 4—total, 276,296; domestic, 141,409; foreign, 134,887; April 4—total, 172,438; domestic, 66,182; foreign, 106.256. Data for country dealer and country warehouse stocks were
not collected prior to 1942; 1941 figures, excluding such stocks, revised to cover apparel wool finer than 40s other than wool afloat, follow: December—total, 142,378* domestic
77,253; foreign, 65,125; September—total, 168,646; domestic, 92,357; foroign, 76,289; June—total, 168,536; domestic, 85,502; foreign, 83,034; March—total, 104,679; domestic, 44,115;
foreign, 60,564 Wool held by the Defense Supplies Corporation is not included in any of the figures.
§Data revised for 1939. See p. 17 of the April 1941 Survey.
*New series. B i ' ' '
- —
, ., ~
ated a series of inde
and has placed the s
- .._.... ..,
„t
T
b y the Bureau of Foreign and Dcrrestic Corrirerce from the forrrer dollar series and linked to the new Census data.
to include both foreign and dorr estic date; earlier figures not published on p. S-37 of the January 1942 Survey are available on request.
Digitized forfRevised
FRASER
JData beginning June 1941 exclude Federal Government deliveries and are therefore not comparable with earlier data. See note " $," p. S-37, of December 1941 Survey.
S-38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
1942
August
October 1942
1941
August
September
October
1942
Novem- December
ber
JanuEiry
February
March
April
May
June
July
TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT—Co ntinued
U. S. Bureau of the Census—Continited.
Locomotives, mining and industria 1:
number
Shipments (quarterly), total*
do
Electric total§
For mining use
do .
do
Other*
American Bailway Car Institute:
Shipments:
— .doFreight cars, total
do
Domestic
....doPassengercars, total.___.
Domestic
do
ExDortp> of locomotives, total
...-dodo
Electric
Steam
— —-
207
1(12
99
105
'186
'86
94
955
574
10
10
3,936
3,856
32
32
22
15
7
5.168
5,044
38
30
25
14
11
7,617
6,626
28
28
247
236
11
260
253
7
323
306
17
177
84
71
93
205
104
102
101
6,378
6,073
42
42
7,181
35
29
6,240
6, 240
42
42
7,752
7,652
24
20
7,781
7,781
28
28
7,957
7,273
10
10
7.573
5,700
41
41
5,253
2,851
23
23
2,86C
1,370
1€
Id
298
280
18
271
261
10
330
327
3
309
303
6
371
336
35
400
383
17
384
373
11
400
391
9
36C
343
17
(a)
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS*
Shipments total
Domestic
Exports
~
-.
number
.... d o —
do—
382
344
38
CANADIAN STATISTICS
Physical volume of business, adjusted :f
Combined index
1935-39=100Industrial production:
Combined index
do
Construction
._
do
Electric power
do
Manufacturing
.—_
-do
Forestry
do
Mining
-do
Distribution:
Combined index
do
Carload ings
do
Exports (volume)-do
Imports (volume)
do
Trade employment
do
Agricultural marketings, adjusted:f
Combined index
do
Grain
do
Livestock
,
do
Commodity prices:
Cost of livingf______
...do
Wholesale prices
1926=100.Employrnent (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..
42
Life-insurance sales, new paid for ordinary t
thous. of dol— 39,963
Security issues and prices:
335, 540
New bond issues, totalf
do
99.0
Bond yieldsf
-.1935-39= 100..
61.6
Common stock pricesf
-..do
Foreign trade:
Exports, total
_thons. of dol..
Wheat
thous. of bn_.
Wheat
flour
thous. of b b l . .
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 pass..
Production:
Electric power, central stations
mil. of kw-hr__
145
Pig iron.
thous. of long tons—
222
Steel ingots and castings
do
Wheat flour _
thous. of bbl..
141.5
148.9
139.1
132.0
141.3
140.6
134.3
136.2
140.4
131.8
133.7
156.1
145.0
126.1
163.7
129.8
140.9
169.0
166.4
136.2
182.3
145.6
126.0
154.9
145.9
137.4
164.7
132.6
123.6
143.3
129.6
137.5
149.4
123.2
125.6
154.1
184.4
138.9
158.9
127.5
124.4
148.4
125.8
142.9
158.3
126.9
120.2
141.3
103.6
137.6
152.4
134.2
113.7
144.8
153.2
141.7
150.2
133.5
119.2
152.7
145.0
144.3
159.7
123.0
130.4
139.0
97.5
146.1
144. 8
113.9
132.0
142.3
159. 6
146.6
144.3 j
121. 1
124.5
114.9
128.0
189.7
184.1
122.0
112.4
119.1
169.2
185.6
123.2
110.2
120.6
139.5
170.3
123.9
111.4
124.4
163.2
159. 3
123.4
118.1
138.8
163.9
194.9
122.9
125.3
149.6
199.7
229.0
125.2
121.9
140.4
223.7
187.6
123.5
120.7
136.2
230.7
191.3
118.2
118.5
140.3
221.9
187. 5
117.8
119.0
142.3
(•)
118.4
141. 4
95.3
93.7
102.2
55.2
40.1
120.8
113.3
116.0
101.3
81.3
75.6
10P.1
129.4
129. 3
129.8
136.3
110.4
112.3
93.9
70.6
100.9
81.6
74.9
110.8
84.8
84.2
87.0
83.7
84.3
80.9
88.6
82. 8
113.8
113.7
92.1
114.7
93.4
115.5
94.0
116.3
94.0
115.8
115.4
94.3
115. 7
94.6
115.9
95.1
115.9
95.0
116.1
95.2
116.7
95.8
160.6
160.7
176.9
178.1
184.0
156.8
105.0
162.7
153.9
181.5
181.6
183.9
157.5
105.9
165. 8
155.4
185.0
182.3
175.7
160.9
104.2
167.6
147.7
187.5
185.0
173.7
163.4
102.8
168.8
143.4
188.4
183. 5
170.4
167.1
104.1
165.8
124.7
187.1
177.8
168.0
172.4
101.1
165.4
118.1
191.2
176.8
167.0
156.8
98.2
165.1
103. 7
195.7
176.4
169.1
151.7
97.5
165.2
98.0
199.4
175. 0
172.8
153.0
99.0
167.4
109.3
202.3
173. 5
176.3
153.5
104.1
171. 7
123. 3
205. 9
173.1
180.6
153. 7
106.4
3,150
67
3,301
45
3,627
57
3,427
80
3,687
2,893
64
4,177
56
3,733
46
3,791
53
3,767
46
29,597
33, 975
41, 740
44,984
47,172
3,231
77
43,081
39, 357
35,876
36, 232
40, 336
43, 898
83, 497
101.2
67.8
62, 521 341, 680
100.2
100.3
71.0
69.1
94,851
99.1
91,985
99.3
67.2
90, 326
99.4
66.8
90,092 1,044,077 396, 203
99.3
99.6
99.6
62.3
64.7
61.1
92, 329
99.5
62.0
298, 653
98.8
62.8
150,496 142, 897 139, 678 164,079
11,841
22,105
14, 721 11,341
441
661
1,437
587
137, 913 136, 991 140,819 134,191
152, 091 152,307
18, 271 11,145
930
750
125,886 142,127
168,197
5,424
1,056
119,556
176,950
9,765
899
144,886
169,998
14, 537
1,128
142,113
(a)
117.6
235,710
26,851
922
147, 530
279
294
313
286
294
272
249
271
273
283
46, 524
35,988
7,393
47,215
35,861
8,973
51,239
37, 304
11,483
48, 219
35, 496
9,927
50,050
36,134
10,818
45, 422
35,111
7,789
44,044
35,281
6,046
50,858
37,338
10,036
50, 597
36, 526
10, 303
53,036
37, 606
11,510
55, 247
39,419
11, 696
4,323
354
4,447
286
4,796
262
4,711
227
4,356
4,246
283
4,031
271
4,580
325
4,439
361
4,891
375
4,807
412
2, 640
106
203
1,852
2,867
112
201
1,648
3,140
137
223
1,596
3,184
134
221
1,665
3, 221
148
219
1,577
3,226
146
231
1,556
2,864
129
217
1,585
3,221
149
237
1,807
3,083
143
237
1,961
3,175
153
243
1,481
3, 043
150
227
1, 335
• The publication of foreign trade statistics has been discontinued for the duration of the war.
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 cost of living data appear in table 35, p 19
of the January 1942 issue. Common stock price indexes have been converted to the new base by multiplying the old series by a constant. The index of bond yields has been
completely revised and is now based upon yields of a 15-year V/i percent Dominion issue. The production and distribution indexes and indexes of agricultural marketings
have also been completely revised; revised data will be published in a subsequent issue. The index of grain marketings is based on receipts at country elevators instead of
receipts at head of Lake and Pacific ports, as formerly.
^Beginning with July 1940, data are reported by the Industrial Truck Statistical Association and cover reports of 8 companies. They are approximately comparable with
previous data which were compiled by the Bureau of the Census.
.Includes straight electric types only (trolley or third-rail and storage battery); data for 1939 and earlier years, published in the Survey, include some units of only partial
United States manufacture and are not comparable with data here shown.
•New series. Comparable data on total shipments are available only beginning January 1940. "Other" includes Diesel-electric, Diesel-mechanical, and gasoline or steam
locomotives; these are largely industrial; for data beginning with the first quarter of 1939, see p. 55 of the May 1941 Survey.
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S I S 3 8
CLASSIFICATION, BY SECTIONS
Monthly business statistics:
Page
S-l
Business indexes
Commodity prices
S-3
S-4
Construction and real estate
S-6
Domestic trade.
__ __
Employment c o n d i t i o n s and
S~7
wages
Finance
S-l 2
Foreign trade
S-l 9
Transportation and communications
S-20
Statistics on individual industries:
Chemicals and allied products-_ S-21
Electric power and gas
S-23
Foodstuffs and tobacco
S-24
Fuels and byproducts
S-27
Leather and products
S-29
Lumber and manufactures
S-29
Metals and manufactures:
Iron and steel
S-30
Nonferrous metals and products
S-3 2
Machinery and apparatus
S-3 2
Paper and printing
_ __ S-33
Rubber and products
S-3 4
Stone, clay, and glass products _ S-3 5
Textile products
_ __ S-3 5
Transportation equipment
S-3 7
Canadian statistics
S-3 8
CLASSIFICATION, BY INDIVIDUAL
SERIES
Pages marked S
Abrasive paper and cloth (coated)
35
Acceptances, bankers'
13
Advertising
6
Agricultural cash income
1
Agricultural wages, loans
13
Air mail and air-line operations
6, 20
Aircraft
1,2,9,11,12,37
Alcohol, denatured, ethyl, methanol
21
Aluminum
32
Animal fats, greases
.
21
Anthracite
2,3,10,11,27
Apparel, wearing
3,4,6,9,11,36
Asphalt
28
Automobiles
1,2,3,6,8,9,11,12,37
Automobile accessories and parts
37
Banking
13,14
Barley
24
Bearing metal
32
Beef and veal
26
Beverages, alcoholic
24
Bituminous coal
2,3,10,11,27,28
Boilers
31
Bonds, issues, prices, sales, yields
17,18
Book publication
34
Brass and bronze
32
Brick
35
Brokers' loans
14,18
Building contracts awarded
4
Building costs
5
Building expenditures (indexes)
4
Building-material prices
3
Butter
24
Canadian statistics
15,37,38
Canal traffic
20
Candy
26
Capital
flotations
17,18
For productive uses
18
Carloadings
20
Cattle and calves
25
Cellulose plastic products
23
Cement
1,2,3,35
Chain-store sales
7
Cheese
24
Chemicals
1,2,3,4,9,11,12,14,16,21
Cigars and cigarettes
27
Civil-service employees
10
Clay products
1,2,8,9,10,12,14,15,35
Clothing (see also hosiery)
3,4,6,8,9,11,12
Coal
2,3,10,11,27
Cocoa
26
Coffee
26
Coke
„__
28
4
Commercial failures
14
Commercial paper
_
13
Construction:
Contracts awarded
_.
4
Costs
5
Highways and grade crossings
5
Wage rates
13
Copper
32
Copra and coconut oil
22
Corn
_25
Cost-of-living index
;_
3
Cotton, raw, and manufactures
2,3,4,36
Cottonseed, cake and meal, oil ;
22
Crops
...
_.___- 1,22,25,27,36
Currency in circulation. _
15
Dairy products
24
Debits, bank
13
Debt, United States Government
16
Delaware, employment, pay rolls, wages._ 9,11,12
Department stores: Sales, stocks, collections.
7,8
Deposits, bank
13,14
Disputes, industrial
10
Pages marked S
Dividend declaration payments and rates
1,19
Earnings, factory, average weekly and
hourly
11,12,13
Eggs and chickens
1,3,26
Electrical equipment
2,3,8,9,10,11,12,33
Electric power production, sales, revenues__
23
Employment, estimated nonagricultural
8
Employment indexes:
Factory, by cities and States
9
Factory, by industries
8,9
Nonmanufacturing
10
Employment, security operations
10
Emigration and immigration
20
Engineering construction
4
Exchange rates, foreign
15
Expenditures, United States Government—
16
Explosives
21
Exports
19
Factory employment, pay rolls, wages
8,
9,10,11,12,13
Fairchild's retail price index
3
Farm wages
13
Farm prices, index
3
Federal Government, finances
16,17
Federal-aid highways and grade crossings—
5
Federal Reserve banks, condition of
13
Federal Reserve reporting member banks
14
Fertilizers
21
Fire losses
5
Fish oils and fish
22,26
Flaxseed
22
Flooring
29
Flour, wheat
25
Food products
1,
2,3,4,6,9,11,12,14,15,16, 24, 25, 26, 27
Footwear
1,2,4,9,11,12,29
Foreclosures, real estate
5
Foundry equipment
_
32
Freight cars (equipment)
37,38
Freight carloadings, cars, indexes
24
Freight-car surplus
20
Fruits and vegetables
3,24
Fuel equipment and heating apparatus
32,33
Fuels
2,3,27,28
Furniture
30,31
Gas, customers, sales, revenues
23
Gas and fuel oils
3,28
Gasoline
28
Gelatin, edible
27
General Motors sales
37
Glass and glassware
1,2,8,9,10,12,14,15,35
Gloves and mittens
29
Gold
15
Goods in warehouses
6
Grains
3,17,24,25
Gypsum
35
Hides and skins
28,29
Hogs
25
Home-loan banks, loans outstanding
6
Home mortgages
5
Hosiery
36
Hotels
20
Housing
3,4
Illinois, employment, pay rolls, wages
9,11,12
Immigration and emigration
20
Imports
19
Income payments
1
Income-tax receipts
16
Incorporations, business, new
6
Industrial production, indexes
1,2
Installment loans
14
Installment sales, department stores
7
Insurance, life
15
Interest and money rates
14
Inventories, manufacturers'
3
Iron and steel, crude, manufactures
1,
2,3,4,8,9,10,11,12,14,15,30,31
Ironers, household
33
Kerosene
28
Labor, turn-over, disputes
10
Lamb and mutton
26
Lard
26
Lead
2,32
Leather
1,2,4,9,11,12,14,15,29
Linseed oil, cake, and meal
22
Livestock
25,26
Loans, real-estate, agricultural, brokers'
5,6,13
Locomotives
37,38
Looms, woolen, activity
36
Lubricants
28
Lumber
1,2,3,8,9,10,11,12,29,30
Machine activity, cotton, wool
36
Machine tools
8,9,10,11,12
Machinery.. 1,2,3,8, 9,10,11,12,14,15,16,32,33
Magazine advertising
6
Manufacturers' orders, shipments, inventories
2,3
Manufacturing indexes
1, 2
Maryland, employment, pay rolls
9,11
Massachusetts, employment, pay rolls,
wages
9,11,12
Meats and meat packing
1,2,3,9,11,12,26
Metals. _ _
1,2,4,8,9,10,11,12,30
Methanol
21
Mexico, silver production
15
Milk
24
Minerals
2,10,11
Naval stores
21
New Jersey, employment, pay rolls, wages. 9,11,12
Newsprint
34
New York, employment, pay rolls, wages— 9,11,12
Pages marked S
New York canal traffic.
20
New York Stock Exchange
18,19
Oats
25
Ohio, employment, pay rolls
9,11
Oils and fats
21,22
Oleomargarine..
.
23
Orders and shipments, manufacturers'
.
2
Paint sales
23
Paper and pulp
1,2,3,9,11,12,33,34
Passenger-car sales index
7
Passports issued
20
Pay rolls:
Factory, by cities and States
II
Factory, by industries
._ 10,11
Nonmanufacturing industries
11
Pennsylvania, employment, pay rolls, wages.
9,
11,12
Petroleum and products. 1,2,3,9,10,11,12,16,28
Pig iron
30,31
Porcelain enameled products
31
Pork
26
Postal business
6
Postal savings.
14
Poultry and eggs
1,3,26
Prices (see also individual commodities):
Retail indexes
..__.___.
3
Wholesale indexes
3,4
Printing
1,2,9,11,12
Profits, corporation
16
Public relief
13
Public utilities
4,10,11,16,18,19
Pullman Co
*.
21
Pumps
'__
33,34
Purchasing power of the dollar
4
Radiators
31
Radio-advertising
6
Railways, operations, equipment, financial
statistics, employment, wages
1,
2,10,11,13,16,17,18,19, 20,37,38
Railways, street (see street railways, etc.).
Ranges, electric
.
33
Rayon
1,2,4,36
Reconstruction Finance Corporation, loans.
17
Refrigerators, electric, household _
33
Registrations, automobiles
37
Rents (housing), index
3
Retail trade:
Automobiles, new passenger
6
Chain stores
7
Department stores
,
7
Mail order
^.
8
Rural general merchandise
8
Rice
25
River traffic. ^
20
Roofing asphalt
23
Rubber, crude, scrap, footwear, tires and
tubes
1,2,3,4,9,11,12,34,35
Savings deposits
:
14
Sheep and lambs
.
26
Shipbuilding
•_ 1,2,8,9,11,12
Shoes
1,2,4,9,11,12,29
Silk—
1,2,4,36
Silver
15
Skins
28,29
Slaughtering and meat packing
1, 2,9,11,12, 26
Spindle activity, cotton, wool.
36
Steel and iron (see iron and steel).
30
Steel, scrap, exports and imports __
19
Stockholders.
Stocks, department store (see also manufacturers'inventories)
8
Stocks, issues, prices, sales, yields
17,18,19
Stone, clay, and glass products
1,
2,8,9,10,12,14,15,35
Street railways and busses
10,11
Sugar
26
Sulphur
...
21
Sulphuric acid
21
Superphosphate
21
Tea
-_
26
Telephone, telegraph, cable, and radiotelegraph carriers
10,11,16,21
Textiles
1,2,4,9,11,12,14,15,36,37
Tile
35
Tin
32
Tobacco
1,2,9,11,12,27
Tools, machine
8,9,10,11,12
Transportation, commodity and passenger.20
Travel
20,21
Trucks and tractors, industrial, electric
38
United States Government bonds
18
United States Government,
finances
15,16,17
United States Steel Corporation
19,31
Utilities
„_
4,10,11,15,16,18,19
Vacuum cleaners...
33
Variety-store sales index
7
Vegetable oils
22
Vegetables and fruits
3,24
Wages, factory; and miscellaneous
10,11,12,13
War program and expenditures
•
16
Warehouses, space occupied
6
Washers, household_
33
Waterway traffic.-.
;__
_
20
Wheat and wheat
flours
»_
25
Wholesale price indexes
—
3,4
Wire cloth
32
Wisconsin, factory employment, pay tolls,
and wages
_i
. — . . . 9,11,12
Wood pulp
.'_.__
. . . I . - - . i . . 4,33,34
Wool...
1,2,4,36,37
Ziac^-.,.;
.
:-•
32
0
mhreast of
developments
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