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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCF WASHINGTON, D. C, APRIL 3, 1941 SUMMARY OF BUSINESS TRENDS T HE record pace of business activity has been responsible for a more-tban-seasonal advance in freight carloadings since February 22. Rising to 768,508 cars in the most recent week, average weekly loadings of more than 756,000 cars for the 4-week period were larger than for any like period in more than a decade. All classes of freight are currently moving in high volumes with coal shipments being especially heavy in anticipation of possible shutdowns in the fields. The failure of miscellaneous and forest product loadings to establish their usual gains is chiefly accounted for by strongly sustained shipments in these categories throughout the winter. Heaviest shipments on an adjusted basis are now those of coal, coke, and grains, with other types holding close to ^established seasonal patterns. United "States ~ foreign~^trade declined further in February, mainly reflecting the shorter month. Exports of United States merchandise were the lowest since last September, totaling $298 million compared with $318 million in January. Smaller shipments in a broad list of nonagricultural commodities were entirely responsible for the decrease, with rubber manufactures, chemicals, textiles, and firearms and ammunition running counter to the generaJ movement. Nonagricultural exports fell to $274 million from $296 million in the previous month, the largest reductions being in shipments of aircraft and machinery. Aircraft shipments, while declining to $34 million from the all-time high of $41 million established in January, still remained close to the average for recent months. Machinery exports, however, declined for the second straight month, partly as a result of the growing tightness in supply conditions for many items. Electrical machinery declined from $11 million to $9 million, while shipments of metal-working machinery dropped from $25 million to $18 million and a new low since last July. Exports of firearms and ammunition were almost twice as large as in January, rising to $13 million for the largest monthly total since last summer's heavy transfers of surplus supplies. Agricultural exports continue in low volume although a slight increase occurred in February. The growing emphasis upon packaged and canned items is indicated by the further decline in shipments of crude materials and foodstuffs while those of manufactured foodstuffs and semimanufactured agricultural products generally advanced. February receipts of such strategic and critical materials as crude rubber, tin, copper, nickel, and ferro-alloys were all below those of the previous month as imports for consumption declined from $224 million to $217 million. Imports of crude rubber and tin, as well as those of raw wool, were still in large volume. Somewhat larger im* ports of foodstuffs during the month were featured by a rather sharp rise in cane sugar receipts and by continued heavy imports of coffee. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (PERCENT OF CAPACITY) FREIGHT- CARLOADINGS (BILLIONS OF KILOWATT HOURS) (THOUSANDS OF CARS) 100 80 60 40 ^ mr SI —*< ?0 t , , 1 1 1 L_J i AUTOMOBILE PRODUCTION BITUMINOUS COAL PRODUCTION COMMERCIAL LOANS ^THOUSANDS OF VEHICLES) (DAILY AVERAGE-THOUSANDS OF TONS) (BILLIONS OF DOLLARS) CRUDE OIL RUNS-TO- STILLS MISCELLANEOUS CAR LOADINGS F H.A. HOME MORTGAGES (MILLIONS OF BARRELS - DAILY AVERAGE) (THOUSANDS OF CARS) (NUMBER SELECTED FOR APPRASAL ON HOMES TO BE BUILT ^-1939 . \ V , , 1 1000 PRICE INDEX OF 28 BASIC COMMODITIES EXPORTS OF U.S. MERCHANDISE (AUG. 1939 • 100) (MILLIONS OF DOLLARS ) 500 TWRS0& FIGURES j 7SJT "• • 1 • . t . . 1 . 1938 1939 1940 1938 •' 1939 1940 1941 --2WEEKLY BUSINESS INDICATORS* [Weekly average, 1923-25=100] 1941 1939 1940 1941 Business activity^ - New York Timesg Barron's. _------Business week. — Commodity prices, wholesale: Dept. of Labor, 1926*100: Combined index Farm products Food L Allother.... ...„ Fisher's index, 1926=100: Combined index.—. Copper, electrolytic*— Cotton, middling, spot Construction contractsf ' Distribution: . Carloadings— Department store sales, 193539=100A r'-" Employment, Detroit, factory... Finance: Bond yieldst-— ... Stock pricest 122.1 122.1 121.7 122.6 98.9 99.4 95.6 94.5 131.5 131.1 129.3 131.0 103.0 102.5 95.2 94.1 144.9 144.8 144.3 144.3 105.8 105.8 98.8 99.2 81.6 72.3 75.6 $5.1 80.9 70.9 74.3 84.9 80.5 70.4 73.1 84.7 80.6 70.5 73.4 84.8 77.9 68.1 69.8 82.8 77.9 67.5 69.9 82.9 76.5 66.6 70.5 80.7 88.3 87.8 86.6 85.9 86.0 84.1 84.1 79.8 85.5 85.5 85.5 85.5 85.5 79.7 81.2 79.7 41.9 41.2 40.8 40.1 40.1 40.4 40.4 32.4 116.7 87.7 62.3 78.5 77.1 76.6 66.7 70.8 80.6 32.7 80.7 79.6 77.9 79.4 65.9 65.1 63.1 63.2 105 970. 101 880 113 110 102 97.7 122.1 110.3 111 59.1 61.9 62.0 65.0 65.2 90.1 111.1 110.4 99.2 101.9 58.9 58.6 58.6 90,5 J90.6 90.5 1939 1940 Mar. Mar. Mar. Mar. Mar. Mar. Mar. Apr. Mar. 29 22 15 8 1 1 25 23 Mar. Mar. Mar. Mar. Mar, Mar. Mar, Apr. Mar. 1 25 30 23 29 22 15 8 1 Finance—Continued. Banking: Debits, outside N. Y. C.t—Federal Reserve reporting member banks: Loans, total Interest rates: Call loanst Time loansi— ... Currency in circulation t Production: Automobiles Bituminous coalt Cotton consumption! , Electric powerf Lumber. — , Petroleum} — , Steel ingots© ___ Receipts, primary markets: Cattle and calves. __ , Hogs Cotton _ Wheat, •- 112.4 125.4 101.4 121.2 119.8 88.7 103.2 82.5 90.3 65.5 65.7 78.4 77.7 77.5 76.7 76.0 68.8 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 28.6 182.5 182.0 181.8 181.5 180.3 154.3 154.3 139.9 139.3 157.9 157.5 167.1 160.1 161.0 131.5 131.5 109.4 113.7 111. 6 109.1 1 0 5 . 9 1 0 5 . 6 82.4 • — 78.4• - •78.9 73.8 158.9 158.4 156.1 115.3 116.7 113.0 111.1 168. 6 169.t.l 170.2 169.6 145.4 145.5 132.7 132.0 52.1 52.9 52.4 51.5 49.4 45.9 42.9 38.4 182.5 181.6 ISO. 2 ISO. 1 190.5 192.0 166.5 167.7 175.6 174.9 173.8 171.5 169.4 104.1 107.0 96.4 95.2 54.0 53.0 56.9 54i 6 56.2 56.2 63.0 47.6 46.0 42.1 43.1 47.8 46.5 35.8 36.3 57.3 86.9 82.7 57.3 75.8 48.8 60.0 26.9 36.5 37.9 42.5 42.4 40.8 32.3 30.2 25.6 78.0 •Data do not cover calendar weeks in all cases. ^Seasonally adjusted. JDaily average. tWeekly average, 1923-30=100. § "Computed normal=l00. 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. 5 is 174.5. Beginning Jan. 11,1941, index is based on production of steel ingots and steel for eastings. A-A description of this index and data beginning January 1937 will be shown in a subsequent issue; it is not adjusted for seasonal variations. iVEEKLY BUSINESS STATISTICS* 1940 1941 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York*. dol.. Cotton, middling, spot, New York do. Food index (Bradstrcet's) do. Iron and steel, composite, dol. per ton.. Wheat, No. 2, Hard Winter (Kansas City).dol. per bu._ FINANCE Banking: Debits, New York City mil. of dol. Debits, outside New York City (140 cities) do..._ : Federal Reserve banks: Reserve bank credit, total do, TJ. S. Government securities .do Member bank reserve balances -do Excess reserves, estimated -~ do Federal Reserve reporting member banks: Deposits,.demand, adjusted , do..,. Deposits, time.. do Investments, total §. do U. S. Government direct obligations _..do_... : Obligations fully guaranteed by U, S. Government _ mil. of doL. Loans, total § •.—__.J ~ do.... Commercial, industrial, and agricultural loans § mil. ofdol.. Interest rates, call loanst ....percent.. Interest rates, time loanst do Exchange rates: Pound sterlingt — dollars.; Failures, com re ercial .number.. Currency in circulation^ mil. of doL. Security markets: Bond sales (N. Yt S. #.):__thous. of dol. par value.. Bond yields (Moody's) (120 bondsit--- ......percent.'. Stock sales (N. Y. S. E.) .thous. of shares.. Stock prices (N. y. Times)X... dol. p e r s h a r e . . Stock prices (Standard and Poor's) (420)....1926=100.Industrials (350) _ dd. Public utilities (40) do Railroads (30) w._.*_. ..do. Mar. 30 Mar. 23 0.118 .109 2.55 38.23 .80 a no .110 0.112 .110 2.29 36.81 1.03 2.29 36.84 1.03 3,866 5,620 3,444 4,631 2,850 4,117 4,787 2,244 2,184 14,211 2,237 2,184 14,136 6,435 2,510 2,475 12,294 5,679 23,186 5,449 17,129 10, 588 23,487 5,462 17,055 10,519 23,362 5,470 17,070 10,458 2,223 2,184 14,175 6,542 23,431' 5,454 16,955 10,334 2,755 9,714 2,766 9,689 2,774 9,592 5,414 1.25 •4.032 2,55 8,837 5,374 1.00 1.25 «4.032 268 8,827 52.600 3.38 2,554 87.97 76.5 89.0 74.4 26.6 45.480 3.38 2,514 87.92 76.5 88.7 75.4 26.5 Mar. 29 Mar. 22 Mar. 15 0.U8 .114 2.69 38.29 .87 0.118 .112 2.65 38.29 .85 0.118 .111 2.61 38.29 .84 .0118 .109 2.59 38.26 .81 3,706 5,214 4,514 5,816 3,457 4,70ft 2,221 2,184 13,633 6,011 2,259 2,184 13,741 6,106 .23,259 5,444 17,120 10,583 . 2,751 9,798 5,420 1.00 1.25 "4.032 302 8,864 : 59,900 • 3.40 2,554 87.88 76.0 ; 88.1 ; 74.1 ' 27.1 - 1939 1.00 Mar. 8 Mar. 1 Apr. 1 1938 Mar. 25 Apr. 2 0.110 .089 2.31 36.42 0.098 .086 2.44 38.71 0.098 .087 2.46 38.75 .90 3,094 3,509 4,189 2,835 3,742 3,197 3,819 2,520 2,475 12,256 5,594 2,578 2,564 9,125 3,519 2,573 2,564 8,989 3,364 2,587 2,564 7,312 1,560 2,592 2,564 7,333 1,559 19,276 5,338 14,726 19,251 5,333 14,792 8,941 15,991 5,217 13,388 8,096 15,976 5,212 13,533 8,238 14,268 5,221 12,039 7,778 14,301 5,231 12,107 7,876 2,766 9,495 2,379 8,603 2,369 8,606 2,026 8,191 2,036 1,156 8,771 1,166 8,805 5,287 1.00 1.25 « 4.032 241 8,814 5,227 1.00 1.25 «4.031 305 4,379 1.00 1.25 3.732 253 7,492 3,814 ].00 1.25 4.681 310 6,793 3,805 LOO 1.25 4.682 350 6,765 1.00 1.25 4,306 1.00 1.25 4.961 8,755 4,383 1.00 1.25 « 3.579 287 .7,495 6,358 6,328 37,680 3.39 1,913 87.06 75.0 86.8 7..1 26.2 35,510 3.41 1,947 87.52 73.3 84.9 72.5 25.4 35,540 '3.57 4,S38 107.77 91.7 107.8 87.0 29.0 23,150 3.58 2,782 39,010 3.75 7,140 90.32 87.6 102.9 83.3 27.8 32.130 3.76 4,995 , 99.00 86.7 102.1 81.8 27.1 47,780 4.62 7,373 73.76 63.7 75.9 57.7 19.0 36,G40 4.42 6,654 80.50 71.9 85.7 64.6 21.3 107.23 91.1 107.2 - 86.5 28.5 0.110 2.29 36.42 PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: . • 103,370 103,395 89,400 85,980 123,805 131,410 125,915 126,550 Automobiles^ ' number.. 124,165 50,550 1,804 1,335 1,403 1,798 1,858 1,257 1,343 1,900 Bituminous coalt ._ -thous. of short tons.. 892 2,835 2,424 2,422 2,826 2,199 2,210 2,818 2,809 1,979 Electric power mil. of kw.-hr... 3,633 3,871 3,841 3,632 3,3S2 3,358 3,662 3,367 3,681 Petroleumt .-.. ...thous. of bbL. 97.5 -62.4 60.7 96.3 55.4 56.1 98.8 35.7 Steel in?ots© •_ .pet. of capacity.. 12,605 10,003 14,083 14,489 12,379 18,742 11,120 Construction contract awardst thous. of dol.. Distribution: 628,278 620,375 600,691 601,048 768,508 758,693 741,922 756,670 523,489 Freight-carloadings, total........ cars. 135,800 117,441 127,304 181,573 176,337 173,055 174,551 77,497 107,200 Coal and coke .do.. 40,743 31,931 38,375 23,121 33,346 23,814 27,110 39,444 38,886 Forest products...... _ do,., 34,058 34, M0 31,113 31,679 -31,441' " 32,080 31,571 32,562 .36,913 Grains aud.grain.produ.ct5 ___da... 10,506 9,595 9,914 10,797 10,948 10,774 : 11,315 10,189 10,817 Livestock. do.. 147.156 153,710 147,685 154,314 157,419 158,661 159,286 158,910 159,365 Merchandise, 1. c. L. : ...do... "12,182 10,160 7,577 10,501 12,602 5,178 9,103 13,265 14,226 Ore _ _ do._ 259,301 257,000 252,096 327,432 327,610 317,953 325,265 259,096 220,167 M isoellaneous. _~:.. . . - . : . - _v__. _. — . . _ . . . do.., Receipts: 178 199 178 173 168 ' " 180 171 193 188 Cattle and calves..... ...thousands. 235 232 ' 302 310 2S0 273 298 Hogs.*^..., ^ _ do... 237 ; 309 .95 .. 156 .127 ... 107 215 70 Cotton into sight.. thous. of bales. ..- 149 226 149 106 2,040 3,3S0 4,0fi5 6,201 2,572 3,017 3,370 Wheat, at pnmaryip.arkets thous. of bu 2,406 3,248 2.495 t Daily-average : .• Data do not £over calendar weeks in all cases. ..' 1 Source: Ward's Automotive Reports. 5 Data for 1938 not strictly comparable with data for later years; see note on corresponding data shown on p. 51 of the 1940 Supplement. in Free rate. ©Rate for week ended Apr. 5 is 99.2; data for 1941 are based on capacity Dec. 31,1940, of open-hearth, Bessemer, and electric ingots and steel for castings Mar. 20 52,600 907 1,975 3,406 33.7 572,952 85,518 27,501 37,898 10,619 152,811 7,649 250,956 214 246 112 2,159 MONTHLY BUSINESS STATISTICS Monthly statistics through December 1939, to.. gether with explanatory notes and references to the sources of the data, may be found in the ' 1910 Supplement to the Survey 1941 February BUSINESS INDEXES Manufacturers' orders, shipments, and Inven tories:* N e w orders, total Jan. 1939=100.. J*273 Durable goods—.._ •__; :_..do.___ Nondurable goods. do »130 Shipments, total do.... *158 M88 Durable goods _ do.... P132 Nondurable goods _. do.... Inventories, total Dec. 31,1938=100.. » 121.4 Durable goods ,^do. p 131.2 Nondurable goods ,.do. v 110.9 March April May June July 1941 August leptemNovem- DecemOctober ber ber ber January 101 103 99 119 129 110 110.0 112.8 107.0 106 112 101 121 131 112 109.8 112.6 106.8 110 118 105 120 133 108 108.9 111.5 106.2 121 141 109 123 136 111 109.1 112.1 105.8 133 157 118 126 140 114 108.6 111.8 105.2 127 159 107 117 127 109 109.2 111.9 106.4 130 163 108 124 129 119 110.9 115.4 106.0 164 211 133 145 158 134 112.2 118.4 105.5 172 235 131 146 167 128 114.4 121.2 107.1 171 237 129 148 172 127 116.5 124.1 108.5 172 252 120 152 184 123 119.3 127.9 110.1 ••246 132 148 •"175 '124 •120.8 • 129.7 '111. 2 4,246 39,065 4,664 42,937 4,503 41,548 4,309 40,028 4,151 38,218 4,226 40,144 4,134 39,472 3,901 39,041 4,527 42,719 4,373 41,646 4,914 45,154 4,879 44,982 12,945 95,124 14,373 106,197 13,624 100,793 13,928 103,120 13,138 97,435 13,106 100,955 13,106 102,390 12.469 15,096 119,500 14,177 111,864 15,876 123,430 14,541 111, 638 112.1 111.5 112.0 110.9 113.2 109.9 114.0 112.3 112.8 111.1 109.9 112.2 110.0 114.6 110.2 112.4 112.4 111.8 115.3 115.3 120.8 117.2 118.4 122.1 107.0 106.0 136.9 96.8 1118 132.3 129.6 150.1 121.8 155.1 119.9 120.0 151.6 110.9 120.2 136.6 133.6 167.9 125.1 146.0 115. 3 115.2 134.4 105.1 127.0 125.4 120.8 152. 5 112.5 142.2 122.8 126.3 135.8 114.0 13S. 4 133.8 137.3 160.1 120.4 153.9 125.5 133.1 132.6 116.4 146.7 137.7 145.0 164.9 123.3 153.9 96.4 95.7 102.6 88.1 121.9 132.1 134.4 151.1 119.4 148.6 119.4 120.4 121.2 110.2 150.5 146.0 151.1 168.1 133.6 163.4 135.1 136.7 163.8 117.7 163. 5 127.8 139.0 148.4 114.9 139.7 158.4 167.1 207.9 138.3 165.9 122.0 129.8 140.3 108.9 138.2 179.4 176.0 233.9 164.5 186.5 137.9 136.0 170.3 125.5 153.8 233.7 256.2 268.3 210.6 245.2 146.1 153.9 178.7 135.0 150.2 110.9 112.3 139.0 102.3 110.5 145.7 147.7 175.7 133.7 150.3 4.92 2.98 2.94 3.05 3.36 4.76 4.77 6.63 6.21 5.52 4.65 4.11 5.54 3.15 .19 1.20 1.76 3.56 .16 3.46 .15 2.53 .78 3.66 .13 2.69 .84 3.78 .13 2.78 .87 3.36 .14 2.32 .90 3.35 .14 2.25 3.00 .16 1.63 1.21 3.22 .16 1.48 1.58 3.23 .19 1.53 1.51 3.06 .18 1.60 1.28 3.16 .16 1.86 1.14 3.41 .18 1.61 1.62 DOMESTIC TRADE Pages 26, 27, 30 ; : Postal business: Money orders: Domestic, issued (50 cities): 4,496 Number. _^ thousands.Value thous. of dol.- 43,005 Domestic, paid (50 cities): Number. thousands.. 13,530 Value....^1 ....thous. of dol.. 104,754 .Retail trade: — Chain-store sales, indexes: ~ Grocery chain-store sales: Unadjusted., 1929-31=100.. v 123.6 P 123.0 Adjusted... ; do. "Rural sales of general merchandise: 122.0 Total, U. S.f unadjusted 1929-31^100.128. 0 East _; do.-161.8 South do 110.3 Middle West , do-111.1 Far West do... 150.8 Total, U. S., adjusted do... 15f>. 5 East. __ _ do... 177.4 South.... do... 13S. 7 Middle West... do,.150.1 Far West do... E M P L O Y M E N T CONDITIONS A N D WAGES Page 39 ; Labor conditions: Labor turn-over in mfg. establishments: Accession r a t e . . m o . rate per 100 employees. Separation rate: Total 1 do... Discharge do Lay-off do... Quit and miscellaneous do.... 1940 February 2.67 .73 FINANCE : Pages 57, 71, 72, 76 • Life insurance (Life Ins. Sales Res. Bur.): Insurance written, ordinary, total thous. of dol. 537.557 506,212 567,872 574.453 571,625 553,086 566,061 528,330 503,427 573,504 505,474 596,534 522,762 40,072 New England do . 39,633 46,549 43,440 38,381 44,112 38,056 39,632 40,743 42,416 41,727 43,976 43,149 Middle Atlantic _. do— 148,981 144,717 159,172 158,874 157,222 146,613 151,409 133,296 129,066 158,087 139,103 159,584 151,318 East North Central do—. 126,136 120,473 132,728 132.454 131,230 123,270 129,284 119,572 113,821 130,687 115,940 137,459 121,164 West North Central _ _ „ . d o — 49,509 46,661 53,070 54,293 58,864 54,290 58,097 54,877 50,238 56,173 47,328 58,527 46,963 South A t l a n t i c . . . _ do.... 50,217 47,164 53,054 57, 784 55,897 58,094 57,633 52,751 51,668 56,987 50,654 61,072 49,473 East South Central do..-. 20,201 17,657 21,969 20,752 21,857 24,711 22,218 20,882 20,913 21,624 19,440 25,230 19,207 West South Central...... ..do.... 39,829 36,141 . 42,665 42,825 41,550 44,595 45,349 42,674 42,647 41,778 37,908 46,644 35,973 16,370 Mountain do 12,761 12,481 12,348 12,924 14,747 12,758 15,99-1 14,893 15,154 14,956 15,754 14,730 51,576 41,005 43,654 Pacific do 42,876 43,796 49,309 44,260 48,652 46,435 47,435 44,830 47,741 47,335 Security markets: ; : Bonds: Prices: Average price of all listed-bonds (N.-Y, 93.05 93.84 S. E.)_ dollars.. 93.58 92.72 92.84 91.33 91.97 92.08 90.96 90.14 92.48 92.86 87.87 97.16 98.10 Domestic _ do... 97.78 96.82 97.03 95.72 95.68 96.56 95.62 94.93 96.51 96.55 92.47 45.81 45.07 45.60 45.47 'Foreign do.-. 44.86 43.28 51.58 43.07 40.64 39.09 48.86 52.77 Value, issues listed on N. Y. S. E.: 53,414 52,879 53,431 53,914 53,913 54,329 54,237 54,169 54,139 53,937 Face value, all issues ....mil. of dol. 53,646 54,225 53,853 49,799 49,820 49,877 49,399 49,966 49,891 Domestic issues.— do— 49,400 48,903 48,879 49,400 49,108 48,347 49,313 4,340 4,360 4,515 4,334 Foreign issues.__ .do.-. 4,349 4,363 4,514 4,528 4,535 4,537 4,538 4,532 4,540 50,374 50,756 49,239 50,277 Market value, all issues. do— 50,438 49,643 50,831 48,602 46,937 49,605 49,612 47,666 50,006 . Domestic issues... d o . . . 48,307 47,265 47,611 47,395 45,197 45,894 46,762 47,285 47,699 4S. 481 48,768 48,871 48,386 1,954 1,944 Foreign issues * do... 1,988 1,971 I™ 1,957 1,840 1,740 2,340 2,217 1,961 1,771 2,396 Stocks Shares listed, N. Y. S. E.: Market value, all listed shares : 41,818 41,891 40,280 41,492 40,706 39.992 46,058 ;i mil. of doL 42,674 36,547 38,775 46,695 Number ot shares listed millions— 1,441 1,455 1,455 1,454 1,457 1,454 1,447 1,444 1,455 1,453 1,453 1,450 1,446 : FOREIGN TRADE : ) > Pages 77. 78, 80, 81 Exports: •, : > '• Total: Value, unadjusted 1923-25=100. 80 91 92 85 85 92 83 92 78 : 91 86 85 Value, adjusted.. •_.: do.— 88 100 91 90 / 91 104 95 100 74 . 74 75 80 IT. S. merchandise, unadjusted: '•• > ... Quantity........... „.;.-—do.— 117 130 132 123 124 136 126 135 115 136 127 126 124 85 Value L —, ; do.;_80 91 92 85 85 92 84 92 77 90 86 85 Unit value :; ,.—-do.--. 68 70 70 69 69 68 67 68 68 67 68 ' 67 •Imports^ * ; . . i • • • • - : ,: ' : . _ . • 71 : Total: Value, unadjusted.^ ._—do— 72 62 ' * 67 66 65 65' 72 686064 69 78 Value, adjusted.—-._ .l ^ - d o — . 73 63: 60. : 61L . 64: 6978 7163 63. 69 79 70 Value: •" \ : ; " • . Exports, including reexports...tbous.--.of d o U 303,413 346.779 352,272 324,008 325,306' 350,458 317,015 349,928 295,245 343,485 327,685 322,257 325,355 General imports, t o t a l . . . . . . . . . i , . - . . . . d o . . . . 233,702 199.775 216.732 212,240 211,382 211,390 232,258 220,217 194,928 207,141 223.430 253,099 •Imports for consumption, total..«^.v-do--- 216,623 189,824 206.719 202,974 203,702.205,397 217,828 214,106 196.312 213.133 217,175 238,275 223,595 > Revised. *New series. For indexes of manufacturers' orders and shipments beginning January 1939, see monthly Surveys beginning with the September 1940 issue (description of data and figures for January-June 1939 are available on pp, 7^13.of that issue except for revisions given in note marked with an "*"onp. 20 of the November 1940 Survey). MONTHLY BUSINESS STATISTICS—ConWcu 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 CHEMICALS AND ALLIED PRODUCTS Page 88 Chemicals: Alcohol, denatured: Consumption thous. of wine galProduction do Stocks, end of month do Alcohol, ethyl: Production _ thous. of proof gal.. Stocks, warehouses, end of month do Withdrawn for denaturing .....do Withdrawn, tax-paid... do.... 1941 February ary March April May. June July 1941 August Se DecemRber ® * October November ber t m January 10,558 10,556 1,465 8,505 8,460 1,366 9,494 9,524 1,392 9,791 9,994 1,591 10,037 10,037 1,586 9,626 9,707 1,662 9,497 10,443 2,605 11,195 11,510 2,919 14,157 13,694 2,445 15,566 15,098 1,975 13,544 13,158 1,586 12,441 12,215 1,360 10,499 10,610 1,468 22,030 12,166 19,070 1,766 20,381 18,773 14,697 1,640 20,677 16,730 2,012 20,218 20,957 17,610 2,035 20,948 21,921 17,752 1,782 21,423 21,799 17,490 3,380 22,457 22,393 19/621 2,020 24,094 23,645 20,918 1,424 21,559 18,480 24,218 2,045 23,350 13,471 25,552 2,357 23,354 10,027 23,110 2,959 23,762 9,503 22; 056 2,128 24,224 11,963 19,434 1,742 11,104 11,514 11,193 11,609 11,485 12,091 12,450 11,97? 13,063 12,771 13,456 13,641 7,914 3,190 7,583 3,931 6,645 4,548 7,006 4,603 7,270 4,215 7,931 4,159 8,482 3,968 8,124 3,853 9,404 3,659 8,737 4,034 9,058 4,398 '9,054 ' 4,587 10,258 846 10,557 957 10,277 916 10,616 992 10,402 1,083 10,937 1,154 11,239 1,211 10,678 1,299 11,706 1,357 11,431 1,340 12,115 1,341 12,311 '1,330 3,477 3,238 8,000 4,385 3,811 8,393 5,124 4,187 9,127 5,485 4,884 9,509 5,597 5,856 9,019 5,851 5,320 9,324 5,074 5,393 8,776 4,001 4,300 8,314 3,915 4,194 7,840 3,396 3,765 7,325 3,606 3,777 7,001 3,863 3,200 7,483 12,125 7,928 514,490 13,232 8,398 517,589 13,949 7,793 522,515 13,926 7,522 525,441 10,658 10,862 525,395 7,581 7,634 523,596 6,742 4,850 521,601 16,701 8,176 519,017 21,487 11,494 518,638 17,567 13,173 518,358 15,712 8,958 522,699 16,015 6,043 530,859 9,878 6,616 470,514 10,588 6,461 473,278 11,233 5,773 477,873 11,492 5,827 480,599 8,187 8,331 480,938 5,200 5,475 479,189 3,252 3,617 477,484 6,762 6,354 476,980 10,303 8,982 476,298 11,761 10,529 475,611 12,265 7,331 479,102 13,532 5,019 486,133 3,402 3,480 2,669 3,721 2,764 3,466 2,694 5,239 4,218 4,392 3,446 1,630 4,182 3,501 6,114 5,356 6,749 5,856 4,563 3,755 3,111 2,533 10,513 8,663 10,186 8,136 9,720 8,221 14,691 12,637 10,142 8,348 6,413 5,003 10,350 9,060 14,525 13,074 16,856 15,232 12,293 10,894 8,056 7,068 28,121 '370 '693 '317 •22,808 '1,227 '1,602 '3,007 '6,908 ' 10,065 34,012 '320 '308 '380 ' 28,478 1,391 1,710 '3,437 8,018 13,922 349 318 '522 33,109 1,624 * 1,814 '3,741 '9,632 16,299 '35,092 '380 '316 '479 28,310 '1,366 '1,808 '3,399 '8,687 13,051 ' 3,214 '718 '4,047 '479 '4.950 '355 ' 5,419 189 6,057 ' 91 ELECTRIC POWER AND GAS Page 97 Electric power: Production, total. ..mil. of kw.-hr.. 12,313 By source: 8,395 Fuel. -do Water power -do 3,918 By type of producer: Privately and municipally owned public utilities. mil. ofkw.-hr.. 11,027 Other producers-. do 1,286 FOODSTUFFS Page 100 Alcoholic beverages: Fermented malt liquors: Production thous. of bbl.. 3,660 Tax-paid withdrawals do 3,185 Stocks do 7,787 Distilled spirits:. Production thous. of tax gal._ 15,131 Tax-paid withdrawals do 6,974 536,917 Stocks do Whisky: Production :do 12,658 Tax-paid withdrawals do 5,834 Stocks do 491,301 Kectified spirits and wines, production, total thous. of proof gal._ Whisky do.... 2,833 Indicated consumption for beverage purposes: All spirits.--.....—-„-thous. of proof gal.. 9,116 Whisky ....do.... 8,108 LEATHER AND PRODUCTS Page 124 Leather manufactures: . Boots, shoes, and slippers, production: Total thous. of pairs.. 38,006 321 Athleticdo 506 All fabric (satin, canvas, etc.) do.^._ 1,621 Part fabric and part leather do High and low cut. total do___. 32,686 1,266 Boys'and youths' ._—do 1,947 Infants'do 3,960 Misses' and children's do— 8,829 Men's. do.._. 15,590 Women's do... Slippers and moccasins for housewear 2,268 thous. of pairs. 605 All other footwear _do^_, METALS AND MANUFACTURES Page 132 ; Steel ingots and steel for castings:! 6,250 Production thous. of short tons.. 97 Percent of capacity.—: .RUBBER PRODUCTS Page 149 Pneumatic casings: Production. thousands . Shipments, tctal _• do... Original equipmentdo..., Replacement equipment do.... Exports do.__ Stocks, end of month do.—. Inner tubes: Production do.—. Shipments, total i ...do..., Exports .-..do.—. Stocks, end of month _..._do— 1940 8,903 15,625 35,287 311 '846 '1,087 30,032 '1,012 ' 1, 851 '3,758 <• 8,347 ' 15,065 '2,100 '354 '2,443 '567 4,527 70 4,390 63 4,101 61 4,967 72 5,660 85 5,727 83 6,187 5,165 4,910 2,547 2,210 153 10,072 4,112 1,974 2,037 101 10,124 5,007 4,346 2,050 2,203 93 10,747 5,106 5,010 2,095 2,827 87 10,881 5,415 5,720 I,"" 96 10,576 5,148 6,927 1,925 4,905 96 8,881 4,676 4,284 858 3,316 110 9,299 4,704 4,245 705 3,425 115 9,732 4,495 4,572 1.465 3,001 106 9,890 4,993 4,713 102 8,004 ••4,184 '3,788 ' 7,886 4,400 4,114 60 8,183 4,618 4,543 57 .8,258 4,739 4,739 78 8,243 4,359 4,327 3,615 96 7,802 4,115 z,m 6,841 4,028 3,797 89 7,094 36,232 10,712 21,302 8,658 17,709 7,340 17,471 8,544 17,065 6,524 19,373 5,798 28,431 6.061 24,799 7,571 2,411 80 233 1,587 80 195 1,129 58 186 1,088 52 183 1.2M 152 1,407 70 149 1.558 67 125 1,694 63 166 115,206 210 70,764 67,472 , 127 55,888 51,750 100 54,658 51,173 87 60,724 61/167 94 68,147 66,718 137 72,506 72,934 143 80,359 85,527 146 36,442 '286 ••513 ••1,459 31,751 ' 1,179 ' 1,919 31,816 '30,138 '344 '345 '974 '1,037 '450 '736 26,043 '24,198 '1,022 '1,163 ' 1, 736 '1,599 '2,951 ' 2, 711 '7,587 ' 7,416 12,747 '11,310 '3,002 ' 3,219 '890 '716 *? '37,027 '30,533 '31,624 36,803 '380 '469 '508 '497 '414 '349 '305 '324 M,586 '1,013 '833 '815 '28,805 '22,541 '25,430 32,215 '1,359 1,312 1,218 1,533 1,823 '1,891 '2,148 2,132 '3,511 ' 2.941 '3,287 '10,265 '8,678 '8,788 '8,168 ' 11,365 '7,819 ' 10,151 '14,544 ' 6,341 '6,143 '4,120 ' 1,713 '243 203 244 '477 6,470 97 6,494 94 6,943 97 5,482 5,561 2,322 3,081 158 9,448 4,838 5,137 2,438 2,569 4,999 4,972 2,626 2,227 9,118 9,179 5,472 4,847 2,293 2,426 128 9,797 4,111 4,692 4,665 ; 4,646 7,950 4,557 4,878 124 7,647 7,055 7,014 5t163 4,527 96 7,733 28,609 ,7,941 11,337 33.821 8,969 34,012 9,352 40,115 10,965 1,884 1,744 78 60 206 177 v 2,148 72 198 2.250 62 202 .201 88,627 104,332 182 90,421 103,556 179 94,789 107,978 188 90,418 104,279 192 •*•« 130 106 US 87 TEXTILE PRODUCTS Page 166 Wool:! Consumption (scoured basis): Apparel class thons. of l b . . Carpet class. do. Machinery activity (weekly average): Looms: Woolen and worsted: ,Bro.ad. thous. of active hours.. Narrow do Carpet and rug-do— Spinning spindles: do.. Wooiia..— do.. Worsted do.. .Worsted combs • fData for April, July, and October, 1940, and January 1941 are for 5 weeks; other months, 4 weeks. tRevised series. * Steel production and-pereent of capacity revised completely; see table 9, p; lfr of tne March 1941 Storey. 83.665 as, 005 168