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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C, APRIL 24, 1941 SUMMARY OF BUSINESS TRENDS ATA now available on a monthly basis show that rapidly adDvancing defense industries again contributed materially to month because of inability to classify large plant contracts at the time the awards are made, some indication of the magnitude of the general movement may be obtained. Thus, contracts for 37 States as reported by the F. W. Dodge Corporation were $480 million, as compared to $270 million in February. Residential contracts rose to $148 million, 27 percent above the previous month. New awards for manufacturing plant (which contained several plants from previous months) were $122 million during March, bringing the aggregate since December to $216 million, the best quarter on record and about 50 percent above the high quarter of 1929. Of this total, almost half are for aircraft and chemical plants, chiefly ammunition. Other sizable plant commitments nave been made by the food products industry, the iron and steel industry, machinery manufacturers, and by the petroleum refining industry. An overwhelming proportion of plant construction occurring since June of last year has been directly related to the national defense program, a fact not clearly brought out in published contract data. Through March 31 contracts and commitments had been made for more than $750 million of plant to be completely financed by the Federal Government, and "certificates of necessity" asking for plant amortization privileges, had been granted for approximately another $335 million of plant to be financed by industry itself. Contracts for some of the latter plants have not yet been awarded, of course. the large expansion in industrial production during March. During the month the Federal Reserve Board's unadjusted index climbed another 5 points, which raised the adjusted index from 141 to 143 'after allowance for what in more normal times has been the usual seasonal variation. Particularly heavy gains were recorded by the machinery, aircraft, and shipbuilding industries, each of which maintained the pace of its advance over recent months by combining use of new capacity with more intensive utilization of the old. March automobile output remained at the high February level, but as it usually increased at this time in the past, the adjusted index declined markedly. In anticipation- of -the current - shutdown during labor negotiations, the adjusted index of bituminous coal output rose from 114 in February to 149 in March. Among consumer goods, activity in every major textile area expanded, cotton consumption continuing particularly strong with a record utilization of 854,000 bales. Furniture production also advanced substantially, while output of manufactured food products increased to a lesser degree. In the construction field, very heavy plant and residential awards during March produced one of the largest contract volumes for any month since 1930. Though data as now reported do not give an accurate picture of changes from month to SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (PERCENT OF CAPACITY) FREIGHT-CARLOADINGS (BILLIONS OF KILOWATT HOURS) (THOUSANDS OF CARS) AUTOMOBILE PRODUCTION BITUMINOUS COAL PRODUCTION (THOUSANDS OF VEHICLES) (DAILY AVERAGE-THOUSANDS OF TONS) COMMERCIAL LOANS (BILLIONS OF DOLLARS) 5.5 5.0 ^•1941 4.5 ^1940 ~~~~***~ 40 ^•1939 3.5 30 PRICES OF 3 5 0 INDUSTRIAL PRICE INDEX OF 28 BASIC COMMODITIES 160 (AUG. 1939 » 100) 140 THUFSOAY FIGURES 140 WEDNESDAY CLOSE 100 100 JO . . - • . . i . . i . . ., i . . 1 . , i . , ,. t . . 1 . .i .1 60 f • 1 1 1 1 , T 1 . . (SEASONALLY ADJUSTED 1 9 3 5 - 3 9 ' I Q O ) "MONTHLY DATA 140 130 120 / 110 100 A/1— " * 90 80 1938 309568—41 . , ! , . I . , 1 . , . . 1 . . I-. . I . . . , 1 . . 1 . . ! , . 1941 1940 1939 45 40 35 30 25 20 15 . , i . , i . . •• . , . , ! , , 1 , , 1 , ,,• i | i i I N COTTON CONSUMPTION CDAILY AVERAGE- THOUSANDS OF BALES) INDUSTRIAL PRODUCTION 150 V W I 80 .. 1 . . 1 , . 1 . . STOCKS (INDEX, 1926-100) 120 j 120 ^ MONTHCt DATA .. 1 . . 1 , , 1 . . .....i..... 1938 1939 1940 1941 t 1 t T WEEKLY BUSINESS INDICATORS* [Weekly average, 1923-25*= 100, except as indicated] 1939 Apr. Apr. Apr. Mar. Mar. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Mar. Mar. Apr. Apr. Apr. Apr. 15 19 12 5 29 22 20 13 Business activity:! New York Times§ Barrons* Business week Commodity prices, wholesale: Dept. of Labor: Combined index, 1926=100— Farni products _ Food._.. Allother .„. 28 basic commodities© Fisher's index, 1926=100; Combined index..... .. Copper, electrolytict Cotton, middling, spot Construction contracts!... Distribution: ' Carloadings Department store sales A . Employment, Detroit, factory... Finance: Bond yields! Stock pricest - 98.3 91.6 91.3 120.6 121.7 124.3 122.3 131.2 132.2 133.3 131.5 99.5 100.0 81.6 79.2 138.0 139.2 144.3 144.7 105.2 104.8 94.3 93.5 82.9 82.2 74.9 72.7 77.5 76.7 85.9 85.8 138.5 137.4 135.4 82.0 81.6 73.2 72.3 76.4 75.6 85.4 85.1 133.1132.3 78.5 69.6 71.9 82.6 117.4 78.0 68.0 70.8 82.7 115.0 76.0 63.9 68.7 80.7 75.8 63.8 68.2 80.5 87.8 85. B 41.2 73.0 84.8 81.9 40.8 62.3 84.5 80.4 40.8 73.3 80.3 74.6 32.7 69.0 79.8 76.1 32.0 78.8 89.7 89.2 88.7 88.3 85.5 86.2 85.5 85.5 42.3 40.8 42.3 41.9 129.2 1940 1941 1939 1940 1941 71.4 71.7 83.1 80.7 66.0 65.0 58.6 57.4 135 131 117 111 97 93 92 96.3 122.5 108.3 59.1 58.9 58.8 58.9 58.6 61.5 61.4 66.7 87.6 89.5 91.7 90.5 90.6 111.6 113.0 93.9 92.4 19 Finance—Continued. Banking: Debits, outside N. Y. C 4 — F e d e r a l Reserve reporting member banks: Loans, total — Interest rates: Call loanst Time loanst Currency in circulation}: Production: Automobiles Bituminous coali Cotton consumption J.._ Electric powert -Lumber Petroleumi _ Steel ingots0 Receipts, primary markets: Cattle and calves Hogs. Cotton.. Wheat... __.. 12 5 22 29 20 22 13 15 116.2 103.4 132.9 112.4 125.4 99.6 84.2 88.2 79.2 65.0 65.0 79.0 78.8 78.6 78.4 77.7 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 185.3 185.3 184.4 182.5 182.0 155.2 154.9 141.5 141.2 127.1 126.2 147.9 157.9 157.5 131.9 129.7 114.8 112.0 11.7 36.4 115.5 111, 71.4 75.0 26.1 19.0 165.8 165.3 162.1 119.9 113.9 112. J. 1 111. 6 163.3 166.8 168.2 168.6 145.4 145.1132.0 130.3 '55.2 53.6 56.8 52.1 49.0 48.1 46.7 45.3 178.7 174.33 185.8 182.5 191.4 191.1 174.9 173.3 172.9 174.7 174.5 175.6 174.9 104.4 105.1 87.4 19.5 56.5 60.6 63.1 59.4 56.6 53.6 52.7 56.0 40.0 45.4 46.6 47.6 37.7 47.8 36.3 34.5 21.5 27.3 41.9 60.8 61.9 56.5 51.9 •45.9 46.4 42.4 40.8 82.4 67.0 48.0 50.6 •Data do not cover calendar weeks in all cases. ^Seasonallyadjusted. JDaily average, tWeekly average, 1928-30=100. SComputed normal=100. Index revised beginning Jan. 8,1938; revised data not given in the issue for Jan. 23,1941, and subsequent issues will be shown later. ©Index for week ended Apr. 26 is 168,9. Data for 1941 are based on production of steel ingots and steel for castings. ©Thursday prices; August 1939=100. A Weekly average 1935-39-100, The index is compiled by the Board of Governors of the Federal Reserve System; it is not adjusted for seasonal variations. WEEKLY BUSINESS STATISTICS* 1941 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New Yorkt-.. ...dol. perlb.. Cotton, middling, spot, New York. _ __do Food index (Bradsheel's) _ ___._do Iron and steel, composite .dol. per ton.. Wheat, No. 2, Hard Winter (Kansas City)..dol per bu_. Banking: FINANCE Debits, New York City mil. of dol.. Debits, outside New York City (140 cities) do~._ Federal Reserve banks: Reserve bank credit, total.. ..._do.-_. U. S. Government securities. _ _do Member bank reserve balances do Excess reserves, estimated do Federal Reserve reporting member banks: Deposits, demand, adjusted doDeposits, time do. Investments, total § . .do U. S. Government direct obligations do Obligations fully guaranteed by U. S. Government.. ~-._ _ mil. of dol.. Loans, total § do—. Commercial, industrial, and agricultural loans § mil. of dol._ Interest rates, call loanst —-. percent.. Interest rates, time loanst do Exchange rates: Pound sterlingt dollars.. Failures, commercial number.. Currency in circulation^.—-..mil. of doL. Security markets: Bond sales (N. Y. S. E.) thous. of dol. par value. _ Bond yields (Moody's) (120 bonds) tpercent Stock sales (N. Y. S. E.) thous. of shares.. Stock prices (N. F . Times) t dol. per share. _ Stock prices (Standard and Poor's) (420)....1926=100.. Industrials (350). ..do.... Public utilities (40) do.... Railroads (30) ...do.... PRODUCTION, CONSTRUCTION, AND Production: DISTRIBUTION Automobiles f ...number.. Bituminous coalt .--thous. of short t o n s . . Electric power mil. of kw.-hr.. Petroleumt thous. of bbl._ Steel ingots© .pet. of capacity.. Construction contract awardst thous. of d o l . . Distribution: Freight-carloadings, total _ cars.. Coal and coke do Forest p r o d u c t s , . -.'. do Grains and grain products. do Livestock ... ^_ do Merchandise, 1. c. l.._ •_. do Ore i __do..__ Miscellaneous _ _•_„ do.__. Receipts: Cattle and calves thousands.. Hogs do Cotton into sight _ thous. of bales.. Wheat, at primary markets .thous. of bu._ 1939 1940 Apr. 19 Apr. 12 Apr. 5 Mar. 29 Mar. 22 Apr. 20 Apr. 13 0.118 .115 2.77 38.16 .88 0.119 .111 2.75 38.15 0.118 .115 2.72 38.15 .89 0.118 .114 2.69 38.29 .87 0.118 .112 2.65 38.29 .85 a 113 .111 2.30 36.56 1.08 5,387 3,243 4,794 4,720 6,160 3,706 5,214 4,514 5,816 2,286 2,184 13,979 6,264 2,235 2,184 13,656 6,027 2,244 2,184 13,506 5,941 2,221 2,184 13,633 6,011 23,577 5,450 17,292 10,739 23,430 5,457 17,292 10,726 23,093 5,441 17,124 10,578 2,755 9,871 2,751 9,846 5,530 1.00 1.25 5,494 1.00 1.25 193S Apr. 22 Apr. 15 Apr. 23 0.111 .111 2.30 36.56 1.04 0.103 .089 2.28 36.29 .69 0.105 .087 2.28 36.32 0.098 .090 2.37 38.58 0.098 .090 2.37 38.59 .85 3,640 4,621 3,122 3,903 3,270 4,091 2,714 3,672 3,127 3,887 2,491 3,478 2,259 2,184 13,741 6,106 2,514 2,467 12,757 6,048 2,500 2,467 12,575 5,949 2,591 2,564 9,743 2,584 2,564 9,528 3,879 2,583 2,564 7,547 2,492 2,602 2,564 7,472 1,727 23,259 5,444 17,120 10,583 23,186 5,449 17,129 10,588 19,655 5,312 14,936 9,002 19,465 5,360 14,835 8,938 16,619 5,213 13,684 8,273 16,388 5,212 13,571 8,213 14,451 5,221 12,224 7,977 14,425 5,218 12,227 7,960 2,753 9,82& 2,751 9,798 2,755 9,714 2,406 8,653 2,379 8,631 2,030 8,124 2,038 8,120 1,179 8,585 5,465 1.00 1.25 «4.030 267 8,956 5,420 1.00 1.25 • 4.032 302 8,864 5,414 1.00 1.25 • 4.032 255 8,837 4,430 1.00 1.25 * 3.510 262 7,538 4,393 1.00 1.25 *3.615 344 7,523 3,858 1.00 1.25 4.680 316 6,871 3,852 1.00 1.25 4.680 313 6,856 4,208 1.00 1.25 4.993 1,171 8,567 4,246 1.00 1.25 4.986 6,373 6,395 59,900 3.40 2,554 87.88 76.0 88.1 74.1 27.1 52,600 3.38 2,554 87.97 76.5 89.0 74.4 26.6 33,210 3.55 6,750 108.42 92.2 108.4 87.6 28.6 42,310 3.54 6,895 109.78 93.3 109.8 88.2 29.3 24,880 3.85 2,467 91.16 80.0 93.6 78.9 23.7 35,440 3.88 6,553 89.78 79.3 92.8 77.8 23.6 39,310 4.50 4,329 81.73 73.8 88.4 65.4 21.2 27,750 4.52 4,409 81.67 73.6 87.9 65.6 21.8 •4.014 267 • 4.029 240 34,610 3.41 2,466 85.10 73.6 85.4 71.3 26.6 37,090 -3.40 2,326 86.91 74.5 *86.3 72.7 26.8 79,680 99,945 99,260 200 2,721 3,604 99.3 116,255 620 2,779 3,514 99.2 124,165 1,967 2,802 3,747 99.8 20,737 123,805 1,900 2,809 3,681 99.4 11,727 103,725 1,216 2,422 3,859 60.9 10,004 101,940 1,277 2,418 3,854 61.3 11,762 90,280 444 2,199 3,527 50.9 11,073 88,050 324 2,171 3,495 52.1 12,659 57,363 855 1,951 3,440 32.4 7,214 58,521 911 1,958 3,385 32.7 7,697 679,808 41,070 39,282 10,788 161,667 45,951 347,354 683,402 69,001 38,682 35,405 10,837 162,942 18,238 348,297 792,125 182,612 40,025 36,954 10,395 161,119 16,502 344,518 768,508 181,573 38,886 36,913 10,817 158,661 14,226 327,432 628,342 121,018 32,096 34,163 11,304 148,150 15,164 266,447 619,105 120,968 31,174 31,196 11,146 148,301 12,539 263,781 557,867 72,608 28,450 30,752 13,309 152,035 12,813 247,900 547,179 60,300 28,008 30,928 12,483 154,139 11,259 250,062 523,748 79,204 24,162 32,767 12,276 148,075 9,442 217,822 537,585 92,135 25,422 31,215 11,251 150,722 7,813 219,027 178 259 161 3,653 191 295 147 3,690 200 302 149 3,370 188 309 226 3,248 179 245 109 6,551 169 310 96 5,330 166 235 56 3,817 177 224 71 4,022 212 231 90 196 210 71 1,544 8,997 98.3 158 4,130 8,996 3.39 3,186 89.01 76.4 88.8 73.8 27.5 tDaily average. *Data do not cover calendar weeks in all cases. ISource: Ward's Automotive Reports. §Data for 1938 not strictly comparable with data for later years; see note on corresponding data shown on p. 51 of the 1940 Supplement. a Free rate. $ R a t e for week ended Apr. 26 is 96.0; data for J941 are based on capacity Dec. 31,1940, of open-hearth, Bessemer, and electric ingots and steel for castings, Apr. 16 MONTHLY BUSINESS STATISTICS Monthly statistics through December 1939, to- 1941 gether with explanatory notes and references to the sources of the data, may be found in the March 1940 Supplement to the Survey BUSINESS INDEXES Pages 7,8, 9,10 Agricultural marketings: 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 . . Mftftt anipift1s _ d«t Poultry and eggs . do Industrial production (F. i?.):t Combined index, unadjusted...1935-39=100.. Manufactures, unadjusted do Minerals, unadjusted _ do Combined index, adjusted do Manufactures, adjusted...: ...do Automobiles -—do Textiles and products. .___do Minerals, adjusted _ .-do COMMODITY PRICES ' Pages 12, 13, 15, 130, 132 Wholesale prices: U. S. Department of Labor indexes: Combined index 1926=100... Economic classes: Finished products . do Raw materials. do... Semimanufactures ~.uo.-. Farm products do Commodities other than farm products* 1926=100.. Foods . . ... do Commodities other than farm products and foods ... 1926=100 Pig iron: Basic (valley furnace) .._dol. per long ton.. Composite.. _. do -Foundry, No. 2, northern (Pittsburgh) dol. per long ton. . Steel: Composite, finished steel _.dol. perlb.. Steel billets, rerolling (Pittsburgh) dol. per long tonStructural steel (Pittsburgh)....dol. perlb. Steel scrap (Chicago)...dol. per gross ton.. Purchasing power of the dollar: Wholesale prices 1923-25=100 Retail food pricesf do Prices received by farmers ..do Cost of Iivingf do J>69 0 »89 0 *82 0 v 94 5 J> 99 0 P82 0 »143 ellfi »143 p 145 1940 March April May June July 1941 August SeptemOctober Novem- December ber 60.0 76.0 72.5 79.0 8P.6 75.0 70.0 62.5 81.5 77.0 85.5 89.5 88.0 70.5 66,0 80.0 73.5 85.5 84.5 90.5 70.5 62.5 70.0 61.5 78.0 82.0 79.0 64.0 75.0 71.0 57.5 83.0 84.0 88.0 65.0 79.0 71.0 59.0 81.5 90.0 82.0 65.0 95.0 75.5 64.5 85.5 92.0 88.0 67.0 117.0 80.5 69.0 90.5 93.5 94.5 70.5 96.5 79.5 66.5 91.5 99.5 91.0 74.5 86.0 85.5 72.0 98.0 104.0 96.0 89.5 112 112 110 113 112 120 100 117 112 112 111 111 110 103 100 119 116 116 118 115 114 101 104 117 121 122 118 121 122 106 107 118 118 118 121 121 121 87 113 120 120 120 117 121 122 76 113 114 129 130 124 125 127 109 116 116 134 136 122 129 131 130 123 113 135 137 119 132 135 133 134 117 135 139 114 138 142 134 140 118 January February 74.5 86.5 73.0 98.5 99.5 101.0 85.0 133 137 113 139 143 149 134 118 '61.5 '84.0 66.5 '100.5 ' 102.0 ' 105.0 78.0 138 142 115 141 145 159 134 118 81.5 78.4 78.6 78.4 77.5 77.7 77.4 78.0 78.7 79.6 80.0 80.8 80.6 84.2 75.3 83.4 71.6 81.1 72.0 79.7 67.9 81.2 73.0 78.2 69.4 81.3 72.0 78.3 67.9 80.5 70.7 77.9 66.2 80.9 70.7 77.8 66.5 81.0 69.8 77.0 65.6 81.5 70.5 77.6 66.2 82.1 71.4 79.4 66.4 82.6 72.6 80.7 68.2 82.8 73.6 SO. 7 69.7 83.5 74.6 Sl.3 71.6 83.5 74.0 81 6 70.3 83.6 75 2 80.5 70.2 80.5 71.6 80.5 71.4 79.8 70.3 80.0 70.3 79.9 70.1 80.4 71.5 81.3 71.1 81.9 72.5 82.1 73.5 82.7 73 7 82.7 73 5 84.9 82.9 82.5 82.5 82.2 82.3 82.0 82.3 83.6 84.1 84.1 84.3 84.4 22.50 23.15 22.50 23.15 22.50 23.15 22.50 23.15 22.50 23.15 22*. 50 23.15 22.50 23.15 22.90 23.15 23.50 '"23.95 23.50 '23.95 23.50 2100 22.50 23.15 22.50 23 15 25.89 2489 24.89 24.89 24.89 24.89 24.89 24.89 24.89 24.89 25.29 25.89 25.89 .0265 .0265 .0262 .0265 .0265 .0265 .0265 .0265 .0265 .0265 .0265 .0265 .0265 34.00 .0210 19.88 34.00 .0210 15.69 34.00 .0210 15.33 34.00 .0210 16.88 34.00 .0210 18.19 34.00 .0210 17.35 34.00 .0210 18.03 34.00 .0210 19.22 34.00 .0210 19.75 34.00 .0210 20.06 34.00 .0210 20.60 34.00 .0210 20.00 34.00 .0210 19.25 123 6 128 5 142.7 117.8 128 5 132 3 151.5 119.9 128 1 131 6 149.9 119.6 128 5 130 4 149.9 119.3 129 9 128 7 154.8 118.9 129.6 129.9 154.8 118.6 130.1 131.4 153.1 119.0 129.1 130.2 151.5 118.6 128.0 131.6 148.6 125.6 131.9 148.6 118.9 125.9 130.0 145.6 118.3 124.7 129.4 141.4 118.2 125.0 129.2 142.7 118.1 272,178 195,443 300,504 224,241 328,914 236,076 324,726 227,269 398,673 279,384 414,941 347,651 383,069 380,347 272,177 253,667 284,874 301,205 456,189 341,893 202 203 202 202 202 202 206 191 220 184 208 191 220 184 208 192 220 184 209 192 220 184 209 195 225 190 212 198 227 191 214 212 202 230 194 217 212 190 221 183 210 208 198 228 191 214 212 189 221 183 210 208 231 194 216 209 231 194 216 187 187 187 188 188 189 189 191 192 193 193 193 CONSTRUCTION AND REAL ESTATE Pages 16, 20 Contract awards: F. W. Dodge Corp. (37 States): Construction, total value thous. of dol.. 479,903 Building, total value - . . do 349,317 Construction cost indexes: American Appraisal Co.:f Average, 30 cities 1913=100 212 Atlanta do 209 New York «. . ._ do 231 San Francisco —do 194 St. Louis.. _. do 216 Associated General Contractors (all types) 1913=100, 194 118.9 208 305,205 270,373 230,063 206,517 DOMESTIC TRADE Pages 26, 27 Retail trade: Chain-store sales, indexes: Chain-Store Age, combined index (20 130.0 128.0 124.0 124.0 120.0 122.8 121.0 chains)...av. same month 1929-31=100.. 119.0 119.0 115.0 117.0 126.0 Chain-store sales and stores operated: Variety chains: S. S. Kresge Co.: 9,409 10,150 Sales. -thous. of dol.. 11,507 12,206 10,498 11,815 11,643 10,458 11,757 10,870 12,626 13,290 24,683 684 675 682 678 681 678 676 677 675 675 Stores operated number.. 675 675 G. C. Murphy Co.: 3,531 9,042 3,479 4,884 4,612 3,923 4,370 3,966 4,393 3,585 4,300 4,021 Sales - . . - . t h o u s . of doL. 204 204 204 202 202 202 202 203 204 Stores operatedJ .-number.. 202 202 Other chains: J. C. Penney Cor. Sales tbous. of dol.. 22,772 ' 21,471 21,181 23,599 24,737 20,882 24,492 24,791 29,534 33,765 45,716 20,284 18,345 1,586 1,587 1,586 1,582 1,586 1,575 1,562 1,568 1,562 1,56S Stores operated _ number.. 1,560 1,589 1,578 Newspaper advertising: 118,784 113,191 122,786 93,171 93,963 92,041 106,701 103,290 84,440 111, 989 119,883 114,255 Linage, total (52 cities) thous. of lines.. 114,377 5 Classified : do. 24,712, 22,945 23,083 23,936 23,216 21,194 21,964 22,328 22,786 21,071 21,918 21,353 20,690 Display, total do. 89,665. 91,309 -88,906 95,948 80,074 63,246 70,077 84,373 95,997 92,119 100,868 71,818 73,272 6,250 3,663 4,124 4,973 6,471 5,035 3,619 7,812 5,639 3,628 7,007 5,907: 5,620 Automotive do. 1,432 2,295 1,742 1,606 1,359 1,322 1,196 1,477 1,485 1,827 1,838 1,799 1,841 Financial. do. 14,806 17,228 17,645 17,824 19,427 17,069 13,043 12,046 14,546 18,511 16,796 13,549 12,544 51,784 General do. 69,409 53,315 81,452 68,992 67,231 53,216 55,880 44,748 ' 64,689 66,246 62,237 Retail do. ' Revised. * Preliminary. •New series. For index of prices of commodities other than farm products beginning 1913, see table 36, p. 18, of the September 1940i Survey. t Revised series. For revised data on industrial production, the indicated indetes on purchasing power of the dollar, and index of American Appraisal Co., see footnotes on corresponding items, pp. 20,22, and 23, respectively, of the April 1941 Survey. MONTHLY BUSINESS STATISTICS—Continued Monthly statistics through December 1939, to- 1941 gether with explanatory notes and references to the sources of the data, may be found in the March 1940 Supplement to the Survey FINANCE Pages 56, 71, 72, 73, 76 Life insurance written:® Policies and certificates, total number thousandsGroup do... Industrial _.,_ _do_. Ordinary do.--^ Value, total.. thous- of dol._ Group do—. Industrial.. ._ do Ordinary do Security markets: Bonds: Prices: Average price of all listed bonds (N. Y. S. E.) dollars.. Domestic do Foreign do U. 8. Treasury bondst do Value, issues listed on N. Y. S. E.: Face value, all issues mil. of dol. Domestic issues do... Foreign issues ,._ do._, Market value, all issues. .do Domestic issues. do Foreign issues,. _ do Yields: U. 8. Treasury bonds.-__ percent.. Stocks: Shares listed, N. Y. S. E.: Market value, all listed shares mil.ofdol.. Number of shares listed__ millions.. FOODSTUFFS AND TOBACCO Pages 109,110,115 Livestock: Cattle and calves: Receipts, principal markets thous. of animals.. Disposition: * ' Local slaughter do Shipments, total do. Hogs: Receipts, principal markets do. Disposition: Local slaughter + .do Shipments, total do Sheep and lambs: Receipts, principal markets ...do. Disposition: Local slaughter do Shipments, total do Tobacco: Manufactured products: Consumption (tax-paid withdrawals): Small cigarettes millions.. Large cigars.. .thousands.. Manufactured tobacco and snuff thous. of lb-. METALS AND MANUFACTURES Pages 132,138 Steel ingots and steel for castings:t Production thous. of short tons.. Percent of capacity , Foundry equipment:! New orders, total 1937-39=100.. New equipment ,._ ._,.do Repairs do 1940 March April May June July 1941 August Se £ e r m * October N v e m ° ber p r - ber January February 793 721 714 770 816 697 766 800 798 727 42 32 35 43 28 33 30 26 67 35 28 32 494 428 446 514 472 468 483 428 494 506 443 464' 225 233 256 259 263 262 226 235 238 256 220 219 '231 646,925 616,085 624,770 626,357 597,460 605,326 579,283 549,955 648,903 560,912 694,740 573,124 589,370 42,721 37,556 39,800 44,869 48,946 43, 520 153,757 40,720 55,244 34,256 108,003 35,744 44,251 148,978 138,545 135,852 141,921 128,232 124,192 123, 111 127,974 146,465 134,859 142,371 126.458 136,166 455,226 439,984 449,118 439,667 420,272 437,614 402,415 381,261 447,194 391,797 444,366 410,922 408,953 87.87 92.47 104.9 90.14 94.93 39.09 104.8 90.96 95.62 40.64 106.3 91.33 95.72 43.28 106.7 92.08 96.56 43.07 107.7 92.84 97.03 44.86 108.8 93.58 97.78 45.60 110.7 93.84 98.10 45.07 111.8 93.05 97.16 45.81 110.4 92.72 96.82 45.47 108.8 53,414 48,879 4,535 46,937 45,197 1,740 52,879 48,347 4,532 47,666 45,894 1,771 53,431 48,903 4,528 48,602 46,762 1,840 53,914 4,515 49,239 47,285 1,954 53,913 49,400 4,514 49,643 47,699 1,944 54,329 49,966 4,363 50,438 48,481 1,957 54,237 49,877 4,360 50,756 48,768 1,988 54,169 49,820 4,349 50,831 48,871 1,961 54,139 49,799 4,340 50,374 48,386 1,988 54,225 49,891 4,334 50,277 48,307 1,971 2.25 2.38 2.39 2.28 2.25 2.18 2.10 1.97 1.89 1.99 2.10 46,695 1,444 46,769 1,446 36,547 1,447 38,775 1,450 39,992 1,454 40,706 1,454 41,492 1,453 42,674 1,453 41,848 1,457 41,891 1,455 40,280 1,455 39,398 1,455 1,503 1,359 1,554 1,676 1,462 1,737 1,785 2,175 2,427 923 544 825 516 974 568 936 631 858 594 991 723 939 833 1,033 1,083 1,110 1,324 977 892 976 624 623 828 475 2,649 2,710 2,595 2,674 2,650 2,259 2,177 2,302 3,113 3,595 3,787 3,039 2,513 1,941 700 1,964 749 1,868 713 2,005 666 1,927 718 1,598 649 1,497 677 1,692 601 905 2*823 960 2,148 881 1,817 696 1,520 1,440 1,876 2,002 1,687 2,068 2,523 2,371 730 2,737 1,776 1,597 1,721 1,416 890 632 824 1,046 1,077 917 915 779 876 1,188 954 1,530 1,085 1,669 908 917 997 718 850 568 93.73 97.73 46.28 110.1 92.86 96.55 52.77 106.7 92.48 96.51 106.7 55,746 51,419 4,328 52,252 50,249 2,003 53,853 49,313 4,540 50,006 47,611 2,396 53,646 49,108 4,538 49, 612 47,395 2,217 2.01 2.25 1,457 972 921 1,313 15,529 13,021 14,820 16,275 17,565 15,913 15,840 14,890 16,448 14,347 13,815 16,287 14,465 430,326 397,490 425,140 469,313 435,029 460, 523 487,642 475,725 583,508 507,349 349,780 403,166 385,349 28,253 27,550 28,481 29,924 27,660 29,333 28,849 28,729 34,718 28,596 24,758 28,958 25,202 7,146 100 4,390 4,101 61 4,967 72 5,660 85 5,727 6,187 90 6,057 91 6,644 96 6,470 97 6,494 94 6,943 97 6,250 97 315.2 329.3 272.7 183.2 145.2 129.1 127.5 133.9 164.9 174.2 138.3 194.4 209.8 147.8 165.4 167.2 160.0 161.2 162.0 158.6 264.0 284.8 201.8 254.2 278.8 188.7 257.8 276.1 203.2 285.3 301.8 235.8 281.1 295.9 236.6 STONE, CLAY, AND GLASS PRODUCTS Pages 150,151 Portland cement: Production . thous. of bbl_. 10,600 7,918 10,043 12,633 12,490 12,290 12,712 13,105 13,935 12,725 11,195 9,025 Percent of capacity __ ____ 36.3 49.8 57.8 43.5 56.0 58.9 58.0 60.1 63.7 47.5 42.4 61.8 51,2 Shipments thous. ofbbl.. 10,056 7,716 10,829 13,206 13,223 13,442 14,018 14,741 15,776 10,372 7,472 7,986 8,192 Stocks, finished, end of month do 25,853 26,118 25,348 24,758 24,010 22,855 21,549 19,921 18,008 20,353 23,381 24,420 •25,309 Stocks, clinker, end of month .do 6,487 6,274 4,558 5,168 5,092 '5,520 5,559 5,907 6,071 4,470 6,606 4,829 4,886 Plate glass, polished, production thous. of sq.ft.. 18,266 14,302 12,367 11,721 8,522 12,533 14,091 17,070 16,059 17,491 19,350 15,664 9,783 Window glass: 1,397 1,264 1,068 1,417 1,107 Production _. ...thous. of boxes.. 1,002 994 908 1,561 1,458 1,023 1,349 86.1 78.0 87.3 83.1 65.8 63.1 Percent of capacity 61.7 6L1 61.1 55.9 68.2 96.2 TEXTILE PRODUCTS Cotton: Pages 153,155,157 Consumption bales.. 854,179 827,194 623,098 641,636 565,416 622,723 654,503 639,252 770,702 744,088 775,472 843,274 793,626 Exports (excluding linters)..thous. of bales.. 61 145 226 52 65 434 97 194 107 9i 137 134 345 Imports (excludinglinters) do . . . 14 12 14 10 28 10 12 10 6 16 18 4 11 Spindle activity: Active spindles thousands.. 22,796 22,553 22,289 22,213 21,955 21,919 22,078 22,278 22,457 22,686 22,818 22,821 22,769 Active spindle hours, total mil. of hr . 8,920 8,614 7,872 9,573 9,901 8,035 7,920 8,657 9,276 6,960 7,867 7,548 7,995 365 Average per spindle in place hours.. 352 404 392 318 324 318 353 378 305 281 320 321 Operations pet. of capacity.. 112.1 r 114.0 105.9 90.4 116.4 86.6 89.4 94.6 105.0 103.3 87.9 96.7 92.0 Wool: Receipts at Boston, total.. thous. of lb_.. 57,745 13,553 31,759 44,896 52,905 30,278 29,961 47,060 36,123 49,597 50,365 51,809 4,129 Domestic do 4,633 6,298 7,151 8,104 25,214 41,790 44,472 22,540 22,912 30,393 16,328 Foreign .1 ™~~do~I_~ 50,595 7,738 6,544 8,433 3,106 7.049 16,667 19,795 43,299 45,732 47,680 5,449 1 Not available. 'Revised. tRevised series. For explanation of revision in index of foundry equipment orders see note marked " t " , p. 50 of the April 1941 Survey; for revised data on price of U. S. Treasury bonds beginning 1931, see p. 17 of the December 1940 Survey; revised data on steel production and percent of capacity appear in table 9, p. 16, of the March 1941 Survey. ®40 companies through 1940 and 39 companies in 1941 having 82 percent of total life insurance outstanding in all United States legal reserve companies. U. S . GOVERNMENT PRINTING OFFICE; 1 1 4 1
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