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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE W A S H I N G T O N , D. C., A P R I L 15, 1943 SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (1935-39 - 100) 240 B ITU M i NOUS COAL (BILLIONS OF KILOWATT HOURS) PR^DjU^IO^ (MILLIONS OF SHORT TONS-DAlfr 220 £00 180 160 100 i 11.1 j 1111 i 111 i 11 1111 111 11 11111 i I 111 111111 11111 DEPARTMENT STORE S A L E S AND STOCKS V A L U E OF MANUFACTURERS* INVENTORIES AND SHIPMENTS 160 300 140 Safes / 260 A 120 220 Sii/pments 100 180 80 140 ' 60 40 (AVERAGE MONTH, 1939-100) MONTHLY DATA Stocks 1 — 100 1111111. t, 1 1940 1 1 f M ! 1 1 1 1l . lt _ I _ L t 1 1 1 1 1 I 1942 _LJL1 1 1 1 1943 1 1 1 1 1 . 60 . . 1 . . 1 . . 1 , .• ' I ' ' f ^— Inventtries i i 1 i • 1 i i I t i 1 > M 1 M 1 1 f 1 M WEEKLY BUSINESS STATISTICS* 1943 Commodity prices, wholesale: v 103.4 p J03.3 97.9 All commodities. 1926=100, 98.1 124.7 124.2 104.6 104.2 • Farm products... do... 107. 107.6 97.2 97.0 Food do... f 96.7 p 96.6 95.6 95. All other..do... 177.0 176.6 167.3 167.2 28 basic commodities©..August 1939=100.. 176.8 .213 .203 .204 .214 Cotton, mid. l W , 10 mkts.?--dol. per l b . . .213 1. 1.18 1.16 1. Wheat, No. 2,hd. win. (K.C.).-dol. per bu._ 160 120 143 Department store sales 1935-39=100.. 149 Finance: Bank debits, member banks in 101 cities:^ Total . . . m i l . of dol.. 11,553 12,550 11,767 7,962 10,201 New York City do 5,035 4,924 4 , r ~ 3,052 3,935 16,369 16,275 16.083 11,616 11,610 Currency in circulation! do Federal Keserve bank credit, total do 6,848 6,191 6,280 2,384 2,339 Member bank reserve balances do 13,110 12,759 13.084 12,715 12,496 1,976 1,518 1,632 3,169 2,999 Excess reserves, estimated ..do 1 1942 1943 1943 Apr. 10 Apr. 3 M&r.l Apr. 10 Apr. 3 Mar.27 Apr. 11 Apr. 4. APFV-11 A p r . ^ Finance—Continued. Federal Reserve reporting member banks: Deposits, demand, adjusted..mil of dol.. 32,955 31,848 32,128 24,799 24,19; 41,646 41,391 42,004 30,883 30,494 Loans and investments, total do 28,719 29,289 15,776 15,389 U. S. Govt, obligationsd1 do Commercial, industrial, and • agricultural loans mil. of dol.. 5,610 5,695 5,754 6,975 7,003 89 92 94 243 215 Failures, commercial number. _ 3.19 3.20 3.35 3.18 3. 34 Bond yields (Moody's)! percent.. 91.9 87.8 64.4 65.3 92. Stock prices (Stan. & Poor)A.1935-39=100_. Production: 2,027 2,108 1,852 2,011 Bituminous coal!thous. of short tons.. 3,321 3,349 3,890 Electric power. mil. of kw-hr.. 3,543 3,418 3,918 3 ! Petroleum! thous. of bbl. 193.0 192.2 187.6 188.0 Steel® 1935-39=100.. 814 772 787 829 Freight carloadings, total thous. of cars. 365 374 377 Miscellaneous. do.. 'Preliminary. ©Thursday prices. jDaily . . average. .... ®Index for week ended Apr. 17,191.7. Data do not cover calendar weeks in all cases. IDebits to demand deposit accounts, except interbank and U. S. Government accounts, in 101 cities. cfDirect and guaranteed. A402 stocks. MONTHLY BUSINESS STATISTICS 1943 Earlier data are available in monthly issues of the Survey and the 1942 Supplement March 1942 March 1943 January 1943 February COMMODITY PRICES Cost of living (N. I. C. B.): Combined index Clothing Food Fuel and light Housing Sundries 1923=100.. do do do do do— 102.8 88.6 112.9 92.6 90.8 106.8 96.1 85.8 97.5 90.4 90.7 103.5 101.4 88.6 109.1 91.7 90.8 106.6 101.8 88.6 110.2 92.2 90.8 106.7 CONSTRUCTION AND REAL ESTATE Engineering construction: Contract awards (E. N . R.)§ Construction cost indexes: American Appraisal Co.: Average, 30 cities Atlanta. N e w York San Francisco St. Louis thous. of doL. 305,973 729,485 226,826 Associated General Contractors Engineering News Record (all types) 1913=100do— do -do do do do 306,242 236 249 253 251 230 242 249 253 251 230 242 206.5 271.8 213.7 283.5 214.1 285.2 249 254 251 232 242 237 232 247 214.1 288.8 221 p Preliminary, f Revised series. See note on corresponding item in the March 1943 SURVEY. 519632- 43 Earlier data are available in monthly issues of the Survey and the 1942 Supplement DOMESTIC TRADE Department stores: Sales, total U. S., unadjusted 1923-25=100.. Atlanta! 1935-39=100. Boston 1923-25=100. Chicago .1935-39=100. Cleveland! do... Dallas 1923-25=100. Kansas City. 1925=100. Minneapolis 1935-39=100. New York... 1923-25=100. Philadelphia 1935-39=100. Richmond.. .do St. LouisJ... 1923-25=100. San Francisco 1935-39=100. Sales, total U. S., adjusted 1923-25=100. Atlanta! 1935-39=100. Chicago ..do... Cleveland! do... Dallas.. 1923-25=100. Minneapolis. 1935-39=100. New York ..1923-25=100. Philadelphia 1935-39=100. Richmond do... St. LouisJ... 1923-25=100. San Francisco 1935-39=100. 1942 1943 March March January 118 111 151 p p p p p 120 159 100 135 140 P 159 p 138 p 134 p 104 p 133 p 156 p 124 p 169 p 135 p 158 p 139 p 153 * 164 p 133 p 118 p p p p 142 160 129 184 151 04 136 147 129 110 125 106 140 161 125 148 124 150 141 161 133 124 120 149 165 130 161 JSee note on corresponding item in the March 1943 SURVEY. § Data for all months are for 4 weeks. S9 123 132 155 126 114 97 112 134 117 150 143 195 155 179 204 143 123 157 197 146 195 February 132 190 90 148 155 205 134 132 112 137 162 143 184 167 216 176 194 241 183 138 185 236 166 2 MONTHLY BUSINESS STATISTICS—Continued Earlier data are available in monthly issues of the Survey and the 1942 Supplement 1943 March 1943 1942 March January February thous of dol. __.do.._ 52,192 66,340 55,856 76,038 39,983 56,699 41,443 57,857 FINANCE Bank debits, total (141 centers) N e w York C i t y . — Outside N e w York City mil of dol.. .do,... do 57,100 22,373 34,727 44,820 17,056 27,764 50,140 19,877 30,263 47,640 19,635 28,005 . 130 144 189 133 131 92 129 125 175 149 102 77 92 73 139 136 122 124 135 193 117 138 98 55 50 132 135 119 130 145 189 129 142 90 58 48 137 141 127 154 135 170 113 TRANSPORTATION Class I steam railways: Freight carloadings (Federal Reserve indexes): Combined index, unadjusted...1935-39=100.. Coal do Coke do Forest products do Grains and grain products.. do— Livestock.. do Merchandise, 1. c. 1 do Ore — _ do Miscellaneous do— Combined index, adjusted do.... Coal • do Coke do.... Forest products do— Grains and grain products ....do— Livestock do.... Merchandise, 1. c. 1 ...do Ore ..do Miscellaneous do 62 56 138 136 140 182 133 152 117 61 216 141 168 149 119 97 92 282 143 161 130 157 102 57 202 149 61 193 153 FOODSTUFFS Grain receipts, principal markets: Corn thous. of bu.. Oats do.... Wheat do.... 30,568 8,568 47,528 24,098 5,253 17,457 35,929 6,353 35,398 37,303 7,894 36,106 P E T R O L E U M A N D COAL P R O D U C T S Coal production: Anthracite Bituminous — thous. of short tons.. — do 5,822 56,450 5,085 47,796 4,314 47,029 5,092 48,920 LEATHER AND PRODUCTS Hides and skins: Livestock slaughter (Federally inspected): Calves thous. of animals Cattle do.... Hogs do— Sheep and l a m b s . . . . . do.—. 331 410 923 4,661 1,495 491 929 4,134 1,669 340 928 5,431 1,724 4,335 1,499 7,670 100 7,392 98 7,424 97 99 854 METALS AND MANUFACTURES Steel ingots and steel for castings: Production thous. of short tons.. Percent of capacity TEXTILE PRODUCTS Rayon: Consumption: Yarn Staple fiber Stocks, producers', end of month: * Yam Staple fiber. mil. of lb.. do 42.7 13.9 40.0 12.6 37.9 12.7 '39.0 r 12.6 do.... do.... 2.8 4.1 2.3 8.9 3.0 '7.1 2.5 7,781 7,781 3,061 1,447 0 0 3,365 1,321 TRANSPORTATION EQUIPMENT Railway equipment: American Railway Car Institute: Shipments: Freight cars, total Domestic Passenger cars, total Domestic number.. do— do— —do— 5,584 1,469 0 0 1943 February 28 28 1942 . Febru- Decernary ber 1943 January BUSINESS INDEXES Manufacturers' orders, shipments, and inventories: p 280 N e w orders, total Jan. 1939=100.. p 420 Durable goods do— p 314 Iron and steel and their products do.... p 435 Electrical machinery do— p 364 Other machinery do— p 635 Other durable goods do— * 191 Nondurable goods do— *256 Shipments, total average month 1939^100. p 337 Durable goods do— p 245 Automobiles and equipment ...do— p 224 Iron and steel and their products do— p 457 Electrical machinery do— p 366 Other machinery do— Trans, equip, (exc. automobiles) d o — p 2,094 * 264 Nonferrous metals and their products*.do... P 196 Other durable goods do.... 292 463 256 452 648 645 182 199 232 133 208 249 260 1,004 210 r 184 255 361 233 353 361 574 187 240 320 240 239 408 351 1,775 262 ' 181 '247 '364 '258 '346 r 315 r5S7 '172 226 r 298 '231 205 '369 '322 ' 1,797 230 ' 179 ' Revised. » Preliminary. 1 Figures overstated owing to inclusion of an unusually large volume of shipments actually exported and imported in earlier months. *New series. Data on nonferrous metals and their products were formerly in- 1943 1942 Febru- Febru- Decernary ary ber BUSINESS INDEXES-Continued DOMESTIC TRADE-Continued Mail-order and store sales: Montgomery Ward & Co Sears, Roebuck & Co Earlier data are available in monthly issues of the Survey and the 1942 Supplement Manufactures' orders, etc.—Continued. Shipments, total—Continued. Nondurable goods..average month 1939=100. 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 Inventories, total do Durable goods do Automobiles and equipment.. do Iron and steel and their products do Electrical machinery ...do Other machinery do Trans, equip, (exc. automobiles) do Nonferrous metals and their products* 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 FINANCE Security markets: Stocks: Dividend payments, by industry groups:* Total dividend payments mil. of dol.. Manufacturing do Mining do Trade ..do.... Finance,.. do Railroads _do Heat, light, and power do Communications do Miscellaneous do * 193 P 209 p 202 P 153 p 140 <*> p 214 p 176 »175, 7 p 210.3 p 237.8 * 132.7 p 332.2 p 224.7 P1,052.0 178 185 184 171 144 173 139 133 222 144 204 204 166 172 177.6 163.0 210.1 180.8 232.9 190.0 139.2 125.5 324.1 250.3 191.4 219.6 709.1 1,020.8 173 181 148.7 150.8 p 117.5 ' 135.9 p 145. 5 147.4 p 155. 0 150.9 p 146.7 158.9 p 140.3 137.8 p 108.5 115.5 149.6 C) p 142. 2 154.1 147.3 158.0 151.9 122.2 149.2 158.7 156.2 144.0 106.8 174.6 147.2 157.4 ' 151.6 64.9 3.1 8.7 30.3 7.7 31.2 2.1 3.6 650.0 360.2 53.4 43.9 45.9 66.1 42.0 172 104 33 136.8 59.5 .7 5.9 28.1 4.7 36.0 .1 1.8 12.6 25.9 CHEMICALS A N D ALLIED P R O D U C T S Paint sales: Calcimines; plastic and cold-water paints: Calcimines thous. of dol.. Plastic paints do Cold-water paints: In dry form do I n paste form, for Interior use Paint, varnish, lacquer, and fillers: Total Classifiedj total Industrial Trade Unclassified do .do.... ..do do do.... do 104 34 169 443 323 196 153 304 38,392 34,530 16,726 17,804 3,862 45,176 39,745 17,619 22,126 5,431 37,141 33,518 16,905 16,612 678,850 178,355 671,211 174,720 234,293 253,546 245,288 239,529 1853,226 •844,994 1356,280 1405,345 FOREIGN TRADE Exports, total incl. reexports thous. of dol.. Exports of U. S. merchandise do General imports do Imports for consumption do LEATHER AND PRODUCTS Production, boots, shoes, and slippers: Total thous. of pairs.. Athletic..... do All fabric (satin, canvas, etc.) -do Part fabric and part leather do High and low cut, leather, total do Government shoes do Civilian shoes: Boys' and y o u t h s ' . . . do Infants' ...do Misses' and children's do Men's do Women's do Slippers and moccasins for housewear..do All other footwear do METALS AND MANUFACTURES Castings, steel, commercial: Orders, new, total, net short tons.. Railway specialties do Production, total do Railway specialties do TEXTILE PRODUCTS Wool: Consumption (scoured basis): 1 Apparel class thous. of lb.. Carpet class.. do..., Machinery activity (weekly average): 1 Looms: Woolen and worsted: Broad — -thous. of active hours. Narrow. --do— Carpet and rug: Broad —. __-do_.. Narrow do... Spinning spindles: Woolen do.. . Worsted do... Worsted combs do... 37,583 327 1,144 700 31,567 3,960 40,390 454 560 1,363 34,460 2,351 38,501 453 317 1,003 32,351 3,831 1,485 2,019 2,787 7,133 14,183 3,097 748 1,418 2,030 3,758 9,373 15,530 2,663 890 1,323 2,101 3,236 7,814 14,047 3,682 191,214 179,880 172,263 17,649 54,409 15,446 144,586 133,726 143,860 12,823 45,013 10,785 49,120 2,856 40,972 5,784 45,504 2,805 67 2,616 86 2,711 65 41 115 &i 42 133,417 117,130 126,337 119,099 101,015 114,95S 231 . 217 205 cluded in "other durable goods." Earlier data will be shown in a subsequent Survey. For dividend payments see note on corresponding item in the March 1943 Survey. JData for January are for 5 weeks; other months, 4 weeks. U . S . GOVERNMENT PRINTING O F F I C E : 1 9 4 3