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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 30, 1942 SUMMARY OF BUSINESS TRENDS T HE War Production Board took additional steps last week designed further to conserve critical materials and convert the economy to the war effort. Complete control was established over nickel scrap by requiring segregation of scrap containing more than one-half of one percent nickel by weight and by permitting its melting only for specifically authorized uses. The Board also ordered the entire stock and production of heavyweight sole leather set aside for military and Lend-Lease requirements. Output of sewing machines was limited to threefourths the 1940 rate until June 15, at which time production must cease altogether. The Reconstruction Finance Corporation was authorized to increase synthetic rubber capacity to 700,000 tons per years not later than the end of 1943. Over half the Nation's radio manufacturers last week stopped the production of radios for civilian use in order to make their facilities available for war work. Of the 55 companies producing civilian sets, 30 have ceased civilian production completely and 2 have ceased civilian production in plants representing 80 percent of their total production. These 32 companies have war contracts totaling $780 million. In 1941 they produced approximately 57 percent of all civilian sets by value, their sales amounting to $151 million. The remaining radio producers will stop civilian output next June. Factory employment continues to be main tamed at a relatively high level as the production of war materials steadily increases. The index of employment now available for March for all manufacturing industries advanced slightly to 134.5 (1923-25 = 100) from 133.6 for February. Although the increase is somewhat less than the usual seasonal advance, employment has held up remarkably well in view of the curtailment and limitation orders. In fact, it is up 12 percent compared with March of last year. The number of workers engaged in the vital industries manufacturing machinery and transportation equipment increased roughly 2 and 3 percent, respectively, over the preceding. months de?pf+e*randerately lower employment by the automobile industry which was undergoing extensive realignment of facilities to war production. On the other hand, employment in the food products industry and paper and printing industry as well as in wholesale trade fell to some extent. As a result of the increase in factory employment, higher hourly earnings, and overtime payments, pay rolls continue to rise. The unadjusted index of wage payments for March increased to 181.9 (1923-25=100) from 178.2 for February, up 2.1 percent for the month and 39 percent since March 1941. Pay rolls increased nearly 3 percent in durable goods industries— more than double the increase in the nondurable goods industries. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (.PERCENT OF CAPACITY) 120 4.0 100 3.5 80 3.0 60 2.5 40 TOTAL FREIGHT CARLOADINGS (BILLIONS OF KILOWATT HOURS) 4.5 (THOUSANDS OF CARS) 1000 2.0 5.0 CRUDE OIL R U N S - T O - S T I L L S BITUMINOUS COAL PRODUCTION MISCELLANEOUS CARLOADINGS (MILLIONS OF BARRELS- DAILY AVERAGE) (DAILY AVERAGE-THOUSANDS OF TONS) (THOUSANDS OF CARS) 4.5 4.0 3.5 3.0 2.5 COMMERCIAL LOANS 200 WEEKLY WHOLESALE (1926-100) F. H.A. HOME MORTGAGES (BILLIONS OF DOLLARS) (NUMBER SELECTED FOR APPRAISAL ON HOMES TO BE BUILT) 2000 FACTORY EMPLOYMENT AND PAYROLLS (1923-25 "100) PRICES PRICES OF 354 INDUSTRIAL STOCKS (1935-39 » 100) MONTHLY DATA 180 PAYROLLS ^ (UNADJUSTED) 160 , ^<^**r 140 4> 120 ^EMPLOYMENT (ADJUSTED) 100 80 1939 455633 1940 .. 1 . . 1 . . 1 . . 1 . . I . . 1 . . 1 .. 1941 1942 1939 1940 1941 1942 2 WEEKLY BUSINESS INDICATORS* [Weekly average/1935-39=100, except as indicated; data beginning January 1939 for most of the series on a 1935-39 base and 1939 and 1940 data for the New York Times index of business activity, also data beginning September 1939 for the price index of 28 basic commodities, are shown in table 32, pp. 24-26, of the November 1941 SURVEY] 25 Business activity: 1 New York Times § Barron's, 1923-25=100.,Business Week§, 1923-25=100Commodity prices, wholesale: Dept. of Labor*. Combined index, 1926=100. Farm products Food Allother 28 basic commodities© Fisher's index, 1926^100: Combined index Copper, electrolytic* Cotton, average, 10 marketst— Construction contracts^ Distribution: Carloadings Department store sales 11 28 26 1942 1940 1941* 1942 Apr. 20 Apr. Apr. Apr. Apr. Mar, Apr. Apr. 19 Employment, Detroit, factory, 1923-25=100 _ -.. Finance: Bond yieldst — Stock pricesj Banking: Debits, outside N. Y. C.t— 98.3 98.1 97.9 97.4 83.0 83.0 79.0 78.5 105.2 104.6104.2 103.4 74.3 75.0 71.6 69.6 Federal Reserve reporting 104.6 member banks: 97.0 97.2 95.9 78.1 77.8 72.8 71.9 95.6 95.3 86.1 86.0 82.5 82.6 Loans, total __. 95.5 Currency in circulation 167.0 166.9 167.3 167. 166.4 136.8 137.9 115.9 117.4 Failures, commercial, 1939=100 106.3 105.6 105.4 104.8 103.8 89.7 84.6 84.8 Production: Bituminous coalj.... __ 112.9 112.9 112.9 112.9 112.9 112.9 112.9 106.2 108.1 Electric power '. 185.5 186.1 187.4 186.8 182.9 101. 102.2 98.1 97.8 Petroleum! _ 414.7 , 187.9155.2 106.4 132.6 132.5 136.0 133- 8 120.4 118.6 100.1 146.5 146.2 146.0 144.1 130.4 130.7 99.8 179.6 178.5 179.6 178.2 145.8 1*4.8 105.4 105.2 129.8 124.9 127.1 123.4 110.7 108.7 135 120 160 147 114 11! 1940 1941 Apr. Apr. Apr. Mar. Apr. A " 11 4 28 98.9 96.4 98 Apr. Apr. 27 20 108.8 111.0 82.5 82.5 82.5 82.7 83.0 S3.7 84.2 87.4 87.7 61.2 62.5 64.5 63.5 63.8 77.9 78.6 100.3 100.2 150.1 145.4 130.2 160.3 150.1 129.1 128.7 101.0 110.3 131. 2 132.3 132.8133.0 133.1 114. 8 115.2 101.0101.0 183.7 .83. 183.4 183.1 183.0 181. 0 141,.8 141.8 118.7 118.8 82.3 79.2 76.0 94.3 109.9 92.6 146.3 155.3 112.0 185.7 185.0 144. 6 155.4 155.ft157, 111.9 108.0 187.6 188.0 143.0 20.6 16.4 100.7 157.1 138.5 136.0 . 117.3 120.7 117. 7 118.5 121.4 188.4 173.6 177.7 104.9 93.6 118.7 121.9 106.5 •Data do not cover calendar weeks in all cases. ^Seasonally adjusted. Jpaily average. ©Index for week ended May 2 is 188.2. § For New York Times index, computed normal*• 100; this index has been revised back to January 1941; 1941 and 1942 data are shown on the revised basis beginning with the Jan. 15,1942, and Feb. 26, 1942, issues, respectively. The Business Week index has also been revised for 1941 and 1942; 1941 data are correct as published only beginning with the issue of Feb. 5,1942; 1942 revisions were first shown in the issue of Mar. 19. ©Thursday prices; August 1939=F" WEEKLY BUSINESS STATISTICS • 1942 Apr. 25 Apr. 18 Apr. 11 0.118 • .202 3.66 56.73 1.13 0.118 .203 3.65 56.73 1.14 0.118 .204 3.63 56.73 1.16 3,715 6,285 3,807 6,091 2,400 2,290 12,470 2,752 1941 Apr. 4 1940 Apr. 19 Apr. 27 1939 Mar. 28 Apr. 26 Apr. 20 Apr. 29 Apr. 22 0.118 .203 3.60 56.73 1.18 0.118 .199 3.57 56.73 1.19 0.118 .110 2.78 56.73 0.118 • 111 2.77 56.73 0.111 .107 2.33 55.50 1.08 0.113 .106 2,30 55.50 L08 0.099 0.103 2.27 56.50 .71 2.28 56.50 3,143 5,455 3,999 6,713 3,650 6,290 3,752 5,405 3,398 5,387 3,639 4,228 3.640 4,621 2,831 3,832 3,270 4,091 2, 415 2,259 12,502 2,886 2,384 °, 243 12,715 2,339 2,244 12,496 2,999 2,326 2,244 12.527 2,847 2.239 2.184 13,506 5,760 2,286 2,184 13,979 6,264 2,501 2,4G7 12,883 6,116 2,514 2,467 12, 757 6,048 2,580 2,564 9,903 4,124 2,591 2,564 9,743 3,998 25,145 5,115 20,151 13,768 2,667 II, 242 6,874 1.00 1.25 11,655 •4.035 24,725 5,118 20,170 13,7G4 2,682 11,332 6,948 1.00 1.25 11,637 • 4.035 224 24,799 5,117 19, W>2 13,080 2,696 11,381 6,975 1.00 1.25 11,616 « 4.035 215 24,197 5,120 19,100 12, 705 2,684 11.394 7,003 1.00 1.25 11,610 • 4.035 2J3 24,574 5,125 19,379 12,942 2,702 11.402 7,008 1.00 1.25 11,485 •4.034 268 23,762 5,443 17,715 10,810 3,101 9,831 5,500 1.00 1.25 8.997 • 4. 024 272 23,577 5,450 17,292 10, 739 2,755 9,871 5,530 1.00 1.25 8,997 • 4.014 267 19,764 5,313 14,934 8,975 2,427 8,650 4,419 1.00 1.25 7,531 • 3.513 311 19,655 5,312 14,936 9,002 2,406 8,653 4,430 1.00 1.25 7,538 • 3.510 16,742 5,235 13,675 8.270 2,030 8,100 3,844 1.00 1.25 6,885 4.681 326 16,619 5,213 13.G84 8,273 2,030 8,124 3,858 1.00 1.25 6,871 4.680 310 38,747 3.34 1,743 66.19 62.7 64.2 56.3 60.3 37,227 3.34 2,008 67.62 63.2 64.6 57.0 60.2 47,901 3.34 1,724 69.84 65.3 66.9 58.3 63.0 40,978 3.35 1,338 68.74 64.4 65.9 57.7 61.7 75,640 3.36 1,707 69.11 65.2 66.7 58.6 63.1 44,540 3.39 2,406 84.34 76.5 75.9 81.5 70.8 34,610 3.41 2,466 85.10 77.7 77.1 83.3 70.6 29,840 3.54 4,623 108.56 97.6 98.2 101.5 76.9 33,210 3.55 6,750 108.42 97.4 97.9 102.3 75.9 24,190 3.84 2,858 91.57 85.5 85.5 94.0 63.9 24,880 3.85 2,467 91.16 84.5 84.6 92.2 62.9 1,879 3,321 3,543 98.6 2,019 3,349 3,418 97.6 1,900 3,308 3,545 97.2 1,858 3,346 3,820 99.0 38,990 267 2,950 3,727 96.0 213 2,897 3,753 98.3 17,671 1,308 2,499 3,845 60.0 14,597 1,216 2,529 3,859 60.9 10,004 564 2,244 3,568 48.6 14,147 444 2,265 3,527 50.9 11,073 846. 562 166,618 13,925 49,718 36,172 12,803 129,436 58,257 379,633 814,233 160,646 13,768 46,867 33,861 11,117 132,367 51,007 364,600 804,746 156,048 13,846 45. 921 33,714 10,797 143,550 30,154 370,716 721,702 39,179 9,148 40,522 33, 743 12,523 162,055 75,436 349,096 708,793 33,404 9,153 40,895 33,512 11,502 161,009 74,345 344,973 644,804 117,338 7,871 33,718 35,936 12,352 628,468 113,957 7,525 32,096 34,163 11,304 IIS, 637 20,881 26S, 071 148,150 15,178 266,095 585,100 74,757 5,397 29,253 35,229 14,106 153,432 15,890 257,126 557,867 147,816 13,845 48,415 35,330 11,986 139,798 55,044 376,656 278 3,027 205 272 3,083 212 279 2,050 203 280 3,714 1S5 299 4,071 191 309 4,130 185 264 8,091 6,8 f J8 4,461 3,817 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New Yorkf_-dol. per lb_. Cotton, middling, l Me' average, 10 marketsi J— .do Food index (Dun and Bradstreet) do. Finished steel, composite* dol. per ton.. Wheat, No. 2, Hard Winter (Kansas City)..dol. per bu.. FINANCE Banking: Debits, New York C i t y . . . _ . . . . m i l . of dol.. Debits, outside New York City (140 cities) do.-. Federal Reserve banks: Federal 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. do Deposits, time do Investments, total do U. S. Government direct obligations do Obligations guaranteed b^ IT. S. Govt do Loans, total do Commerc'l, indust'l, and agricult'l loans...do Interest rates, call loansj percent.Interest rates, time loansj do Currency in circulationt ..mil.of dol.. Exchange rates: Pound sterling!. dollars.. Failures, commercial number.. Security markets: Bond sales (N. Y. S. S.) thous. of dol. par value,. Bond yields (Moody's)t percent.. Stock sales (AT. Y. S. #.).__ thous. of shares.. Stock prices (N. Y, Times)% dol. per share.. Stock prices (Stand, and Poor's) (402)V- 1935-39=100.. Industrials (354) .do.— Public utilities (28) ._ do—. Railroads (20) _do_... PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Bituminous coalt-thous. of short tons. Electric powerA— mil. of kw hr_. Petroleumt thous. of bbL. Steel© „ pet. of capacityConstruction contract awardst thous. of dol.. Distribution: Freight carloadings, total cars., Coal. do... Coke _ .do— Forest products _ do... Grains and grain products ...do..., Livestock do... Merchandise, 1. c. 1 do... Ore do Miscellaneous _„• do— Receipts: Cattle and calvesf .thousands. Hogsf -_ do.._ Wheat at primary markets thous. of bu. 3,181 178 253 JDaily average. • Data do not cover calendar weeks in all cases. • Free rate. IRcvised series. See tabls 32, pp. 24-26 of the November 1941 SURVEY for stock prices beginning January 1939 and cotton prices beginning August 1939. •New series. This series replaces the iron and steel composite price, which has been discontinued by the compiling source. ©Rate for week ended May 2 is 98.9; data for 1942 are based on estimated capacity as of Dec. 31,1941, of 88,570,000 tons of steel ingots and steel for castings. tpomparable data are not available prior to 1940 because of a change in the markets included in the data beginning with that year. A1941 data are shown on a revised basis beginning with the Jan. 15,1942, issue; 1941 and earlier revisions not published are available on request. 5,710 28,450 30,752 13,309 152,035 12,813 247,900 3 MONTHLY BUSINESS STATISTICS Earlier data, are available in monthly issues of the Survey and the 1940 Supplement 1943 1941 March March 1942 January February BUSINESS INDEXES Cash income from farm marketings: Crops and livestock, combined index: Unadjusted 1924-29=100., Adjusted do... Crops _ do... Livestock and products do... Dairy products _ . do... Meat animals do— Poultry and eggs do... Industrial production (Federal Reserve) :f Unadjusted: Combined index 1935-39=100. Manufactures do... Durable manufactures do... Iron and steel _-.do— Lumber and products* ...do— Furniture* .do... Lumber* do... Maehinery* do-.~ Nonferrous metals* do.— Stone, clay, and glass products*, .do-— Polished plate glass do..-. Transportation equipment* do Nondurable manufactures. do Chemicals* do— Leather and products .......do Shoes* doManufactured food products* do— Meatpacking _ do— Paper and products*. do Paper and pulp* do Petroleum and coal products* do— Coke*. do—. Petroleum refining _ do Printing and publishing* do Textiles and products. _do Cotton consumption*,do— Rayon deliveries* do— "Wool textile production* do--Tobacco products. do... Minerals do— Fuels* do— Anthracite do— Bituminous coal _do.._ Crude petroleum do._. Metals* do— Copper*. do— Adjusted: Combined Index,. do— Manufactures.... 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— Polished plate glass do... Transportation equipment* do... Nondurable manufacturesdo— Chemicals* _ do.... Leather and products.... __do— Shoes* do— Manufactured food products* do... Meatpacking do... Paper and products* ___do.-_. Paper and pulp* do..,. Petroleum and coal products*... do— Coke* do— Petroleum refining do... Printing and publishing* do—Textiles and products do... Cotton consumption* do.-~ Rayon deliveries* , do.-. Wool textile production* ^.doTobacco products do— Minerals _ _ _. do— Fuels*.. .do— Anthracite .~_do.~ Bituminous coal -. do,— Crude petroleum ___do— Metals..... do— Copper* do—- 1942 1941 March March 1943 January February CONSTBUCTION AND REAL ESTATE p125.5 v 104.0 v 145.0 p 126.0 P 157.5 v 141.0 3 P138 »175 68.0 88.5 79.5 97.0 97.5 100.0 82.0 110.0 131.5 119.0 143.0 124.5 154.0 143.5 r90.5 ' 127. 0 105.5 '146.5 132.0 ' 156.0 144.5 144 149 178 184 123 133 118 185 179 125 141 214 126 129 '123 '130 107 122 136 137 119 154 114 121 147 156 150 152 110 ••116 '120 105 '142 114 92 151 165 172 215 191 122 142 112 248 192 137 68 302 137 153 124 119 *124 173 150 153 132 161 128 125 158 169 180 161 126 126 131 104 144 129 92 158 '166 147 151 180 184 128 132 125 185 179 150 135 207 '128 125 '115 '117 121 134 132 133 123 154 118 116 146 156 150 152 117 125 121 102 rl48 112 148 148 171 178 222 191 143 153 138 248 193 197 65 302 143 154 126 124 " 139 148 153 160 135 161 131 127 158 169 180 ' 161 132 131 128 89 129 132 149 161 '174 '219 193 '128 '146 '118 '255 191 131 47 '308 138 '158 '131 126 P123 '135 152 159 129 161 124 '126 '157 174 174 155 121 '125 '130 '121 141 '127 '94 160 '172 '179 '225 193 '144 '146 '143 '255 191 '188 49 '308 '142 '158 '120 117 '141 '141 149 154 131 161 126 '125 '157 174 174 155 130 '129 '125 '110 120 '128 '152 158 COMMODITY PItlCES Cost of living: National Industrial Conference Board: Combined index _ 1923=100.. Clothing do. Food do Fuel and light. __ do Housing _ do. Sundries ... do U. S. Department of Labor: Combined Index* 1935=39-100.. Clothing* , . _ . . . do Foodt.do Fuel, electricity, and ice*.. do Housefurnishings* do Reni*.. .... "do Miscellaneous*.. " ../"do 'Revised. • Not * Preliminary. Earlier data are available in monthly issues of the Survey and the 1940 Supplement 86.3 73.2 79.2 86.4 87.7 98.3 94.5 82.4 95.2 '90.3 90.1 102.5 '95.1 84.5 '95.7 90.4 90.4 102.9 101.2 114.3 102.1 123.6 98.4 118.6 100.7 104.5 101.6 121.2 105.1 108.9 101.9 110.1 available, ' 112.0 ' 116.1 116.2 '104.3 "•117.2 108.4 '108.5 ' 112.9 ' 119.0 116.8 r 104.4 ' 119. 7 108.6 ' 109.4 96.1 85.8 97.5 90.4 90.7 103.5 New dwelling units provided and permit valuation of building construction (based on bldg. permits), U. S. Dept. of Labor indexes: Number of new dwelling units provided 1935-39=100.. Permit valuation: Total building construction do New residential buildings : do New nonresidential buildings do Additions, alterations, and repairs. _ .do Construction cost indexes: Federal Home Loan Bank Board: t Standard 6-room frame house: Combined index do Materials do Labor . do DOMESTIC TRADE Retail trade: Grocery chain-store sales :t Unadjusted 1935-39^100. Adjusted ._ .do Variety-store sales, combined sales, 7 chains: t Unadjusted 1935-39=100.. Adjusted do Mail-order and store sales: Total sales, 2 companies .thous. of dol__ Montgomery Ward & Co ...do.. Sears Roebuck & Co do _. 186.0 204.1 121.5 223.5 103.4 145.5 C8. 6 95.8 142.2 180.1 114.9 108.7 85.7 99.6 65.6 88.5 129; 9 16«. 0 104.2 74.8 122.0 121.1 125.7 110.4 108.0 115.3 120.6 118.6 124.5 121.2 119.3 125.0 * 169.1 167.5 134.0 132.6 170.5 175.8 169.6 168.8 97.0 132.3 108.1 136.1 94.8 »133,8 ' 113.1 31,894 10,866 11,481 55,856 44,485 41,854 76,038 66,381 69,627 99,640 37,969 61,671 EMPLOYMENT AND WAGES Employment: Employment estimates (U. S. Dept. of Labor): Civil nonagri. empl., total* thousands.. 40,302 37,761 39,871 • 39,933 Employment in nonagri. estab., total.do... 34,159 31,618 33,728 • 33,790 Manufacturing do... 12,784 11,457 12,598 ' 12,710 876 864 '860 859 Mining do 1,747 1,631 1,658 '1,645 Construction __. do Transportation and public utilities.do.... 3,274 3,056 3,255 ' 3,250 6,707 6,578 6,757 ' 6,686 Trade . . . . do 4,180 4,194 4,097 4,180 Financial, service, and misc.. do 4,594 3,935 4,404 '4,459 Government do Manufacturing, unadjusted (U. S. Dept. of 119.9 ' 132.3 '133.6 Labor)!.-1923-25=100.. 134.5 123.7 ' 143.2 ' 145.1 147.0 Durable goodsf do 127.2 ' 136.3 ' 136.0 136.1 Iron and steel, etc., not incl. mchy...do 149.3 135.0 148.7 Blast fur., steel wks., and roll, mills, do..,. 150.3 '94.3 117.1 '98.6 95.1 Hardware . do ' 107.2 97.2 105.7 109.9 Struc'l and ornam'l metal work do 107.1 136.6 '131.3 121.7 Tin cans and other tinware do '74.2 72.6 74.0 73.7 Lumber and allied products.. do 96.7 101.8 ' 102.3 100.7 Furniture. _ ...do '63.8 63.7 63.6 63.7 Lumber, sawmills.. do 147.7 ' 185.0 ' 189.7 193.3 Machinery* excl. transp. equip do 132.6 167.9 164.1 ' 166.3 Agric'l implements (incl. tractors)..do 123.6 152.1 '154.8 Foundry and machine-shop prod...do.... 157.3 149.1 '209.4 ' 206.5 210.5 Radios and phonographs ...do 137.0 146.6 144.3 ' 145.7 Metals, nonferrous, and products....do... ' 93.7 89.7 '95.2 9-1.1 Stone, clay, and glass products do.... '67.5 65.4 '68.8 68.7 Brick, tile, and terra cotta. do... '126.0 119.5 127.7 Glass do.... 125.0 223.0 161.2 ' 210.2 ' 215.6 Transportation equipment.f do... '88.8 131.5 86.4 100.2 Automobiles do... 116.3 122.6 121.8 ' 122.7 Nondurable goodsf do... 153.0 131.6 153.7 149.4 Chemical, petroleum, and coal prod. .do._. 159.3 185.9 185.9 '188.1 Chemicals do__. ' 141.1 132.9 140.8 140.9 Paints and varnishes do... 119.5 130.0 129.1 '129,6 Petroleum refining do... 312.2 312.5 315.9 '312.6 Rayon and allied products do... 120.3 131.7 135.3 '133.4 Food and kindred products do... '150.0 145.0 ' 149.5 150.4 Bakimr do.,. 137.8 110.7 133.8 143.8 '' 100.2 Slaughtering and meat packing do... 98.7 100.9 '98.9 Leather and its manufactures ...do... ' 96.6 97.0 '95.4 97.5 Boots and shoes. ...do... 118.1 124.7 '123.2 121.7 Paper and printing _.do..118.5 129.5 '129.5 129.3 Paper and pulp. _.do— '99.0 102.8 '99.6 90.3 - Rubber products.do... '73.6 80.0 '75.2 '112.7 74.6 Rubber tires and inner tubes do... 111.6 110.8 113.3 Textiles and their productsf. ... do... ' 104.6 102.7 104.9 ' 127.0 104.8 ' 126.2 Fabricsf __do.. . 119.5 127.3 Wearing apparel .do..'65.5 63.3 63.4 65.5 Tobacco manufactures do... 119.4 135.6 ' 134.9 134.2 Manufacturing, adjusted (Fed. Res.)f do... 146.8 123.0 146.8 '' 136.5 146.5 Durable goodsf do... 126.2 139.8 Iron and steel, etc., not Incl. mchy do... 135.1 Blast fur., steel wks., and roll, 133 150 148 149 mills 1923-25=100. 116 110 94 '94 Hardware _ .do... 100 108 113 '112 Struc'l and ornam'l metal work do.-. 113 147 128 ' 141 Tin cans and other tinware do... 74.0 79.1 75.0 Lumber and allied products do... '77.8 98 105 102 Furniture _. do... '104 65 Lumber, sawmills.. do... 70 65 68 Machinery, cxcl. transp. equipment, .do... 193.8 148.1 187.4 ' 190.8 126 161 161 159 Agric'l implements (incl. tractors). .do... 124 153 ' 155 157 Foundry and machine-shop prod...do..222 '235 178 251 Radios and phonographs.... _.do.-. 145.7 136.2 146.8 ' 146.2 Metals, nonferrous, and products do... '99.9 96.7 92.3 104.5 Stone, clay, and glass products do... '78 80 71 75 Brick, tile, and terra cotta ..do-... 134 126 118 123 Glass -do.-216.8 154.1 209.8 ' 214.6 Transportation equipraenttdo... '84 96 123 81 Automobiles .do... •New series. See note on corresponding item in the April 1942 SURVEY. tRevised series. See note on corresponding item in the April 1942 SURVEY. MONTHLY BUSINESS STATISTICS Earlier data are available in monthly issues of the Survey and the 1940 Supplement EMPLOYMENT AND WAGES—Con. Employment—Continued: Manufacturing adjusted—Continued. Nondurable goods! 1923-25=100.. Chemical, petroleum, and coal products _ do__. Chemicals __do Paints and varnishes do Petroleum 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 apparel.— do Tobacco manufactures do Nonmfg., unadj. (TJ. 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 bussestdo Telephone and telegrapht do Services: Dyeing and cleaning—.,. do— Laundries— _ do— Year-round hotels _ do— Trade: Retail, total!— do.... General merchandising! __do._._ Wholesale do Pay rolls (U. S. Department of Labor): Manufacturing, unadjusted!—1923-25=100.. Durable goodsf do Iron and steel and their products, not including machinery 1923-25=100-. Blast fur., steel wks., and roll. mills do Hardware do Struc'I and ornam'l metal work.do Tin cans and other tinware do Lumber and allied products.. do Furniture __.do Lumber, sawmills do Machinery, excl. transp. equip do— Agric'l implements find, tractorsj.do Foundry and machine shop prods, do Radios and phonographs ...do Metals, nonferrous, and products..do Stone, clay, and ?lass products do Brick, tile, and terracotta do Glass „ *_ do Transportation eq uipment! do Automobiles do Nondurable goods!__ __, do Chemicals/ petroleum, and coal products do Chemicals do Paints and varnishes do Petroleum refining do Rayon and allied products do Food and kindred products do..,. Baking... do Slaughtering and meat packing^do Leather and its manufactures do Boots and shoes .do Paper and printing do Paper and pulp do Rubber products ... do Rubber tires and inner tubes do Textiles and their products! do Fabrics! do Wearing apparel do Tobacco manufactures-.do Nonmanufacturing, unadjusted: Mining: Anthracite ...1929=100Bituminous 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 1943 1941 1942 March March January Febru- 122.5 115.9 124.9 ' 123.5 150.9 188 142 131 308 144.5 152 137 96.4 92 122.1 129 98.5 75 109.3 102.5 119.7 66.2 129.0 161 134 121 308 131.3 146 113 94.3 92 118.5 119 102.0 80 107.6 100.4 119.3 64.0 150.0 189 145 130 33 148.1 153 139 98.7 95 125.2 130 99.9 76 111.7 103.7 124.9 69.2 ' 152.7 191 143 '131 308 ' 147.5 152 '138 '96.3 '92 '123.4 130 98.7 '74 '109.6 '101.9 '122.5 '66.7 48.5 93.6 81.4 59.5 47.5 50.2 91.1 74.3 60.2 44.2 '49.0 ••95.1 '80.7 '61.3 '46.8 48.8 94.4 80.7 60.5 46.3 89.6 71.3 90.2 90.3 68.2 81.8 92.0 '70.4 '90.4 90.6 70.5 89.7 114.0 107.9 93.6 104.4 102.5 94.2 109.8 ' 10S. 8 94.2 109.6 107.4 94.2 94.2 104.8 94.0 92.5 96.6 91.8 '105.5 94.9 94.3 105.4 94.3 181.9 216.3 131.2 144.6 ' 173.4 '204.4 '178.2 '210.9 181.6 141.2 '173.7 '178.4 194.2 137.0 139.9 152.7 86.2 115.4 149.0 138.1 97.1 121.8 72.8 93.9 62.7 186.2 162.0 143.6 157.2 r 155.5 85.2 56.1 140.5 197.2 163.1 116.4 r 184.5 ' 133.4 125.0 180.9 81.8 110.9 67,5 ' 284.2 228.8 211.2 ' 276.6 '198.0 '99.4 '65.2 166.1 '190.5 '132.0 ' 133.5 '164.6 '86.0 1115.6 '72.1 294.8 '240.9 ' 219.3 ' 279.0 '201.6 ' 103.7 '66.8 '171.2 ' 337.0 ' 135.0 '141.8 72.4 304.9 246.5 227.5 290.2 206.6 105.5 68.7 172.7 347.9 130.9 143.4 149.1 201.7 147.4 133.4 211.0 275.8 179.2 179.2 393.9 150.2 160.5 159.4 115.5 110.1 134.9 175.2 134.7 107.1 129.2 124.7 130.1 70.2 122.4 140.0 114.2 96.1 94.2 120.3 13G.4 119.5 '102.8 107.0 101.1 112.2 62.7 51.0 116.6 98.8 63.3 54.3 '329.3 153.6 138.7 119.8 122.0 ' 108.1 *• 72.6 '20S.8 '278.3 '176.4 '178.3 '391.3 '150.6 159.6 '162.6 '113.4 '107.8 ' 135.1 ' 174.0 «• 127.4 ' 101.8 127.1 ' 123.8 ' 125.7 '72.3 42.4 93.8 72.7 56.1 40.3 '39.4 ' 117.1 ' 9-4.3 '64.8 '48.9 49.7 118.2 98.5 H3.9 51.7 114.2 85.1 122.4 106.1 72.5 106.4 r 114.6 '80.5 '120.9 113.0 83.5 120.8 92.9 104.2 92.0 77.2 90.9 85.7 '86.5 '103.8 '91.5 85.8 102.2 92.1 93.9 105.1 93.9 86.2 88.3 82.0 -•94.7 '106.5 '91.8 93.5 105.0 93.2 202.0 275.7 172.5 171.1 392.4 154.6 158.2 '182.3 '107.3 r 101.0 136.5 171.9 r 127.4 ' 103.1 ' Revised. •New series. See note on corresponding item In the April 1W2 SURVEY. Earlier data are available in monthly issues of the Survey and the 1940 Supplement FINANCE Commercial failures:! Grand total. ....number.. Commercial service, total do Construction, total.. do Manufacturing and mining, total.-.do Retail trade, total.... do.... Wholesale trade, total do Liabilities, grand total. ..thous. of dol.. Commercial service, total do Construction, total do Manufacturing and mining, total do. _ Retail trade, total— .do Wholesale trade, total do ELECTRIC POWER Electric power, production, total mil. of kw.-hrBy source: Fuel do-.. Water power _. do By typo of producer: Privately and municipally owned electric utilities mils, of kw.-hr.. Other producers do METALS AND MANUFACTURES 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 Lead: Ore, shipments, Joplin district ..short tons.. Refined: Production from domestic ore do Shipments (reported) .do.-.,. Stocks, end of month do Steel products, production for sale: Total thous. of short tons.. Merchant bars -do— Pipe and tubedo Plates „„___—__ do.._ Percent of capacity* Rails. thous. of short tons.. Sheets, total do Percent of capacity Strip: Cold rolled thous. of short tons.. Hot rolled do Structural shapes, heavy.. do Tin plate __ --— do— Wire and wire products do— 1942 1941 March March January 1,048 48 77 188 650 85 12,011 1,194 896 3,739 4,813 1,369 1,211 58 60 188 800 105 13,444 855 765 3,647 6,128 2,049 15,053 13,095 9,444 5,609 8,706 4,388 11,050 4,595 '9,664 '4,438 13,322 1,731 12,061 1,034 14,110 1,536 12,612 ' 1,491 1,012 1,083 9,421 2,252 1,092 13,256 732 1,484 10,146 754 1,408 9,493 16,214 15,789 93,950 22,647 13,489 106,958 18,756 17,044 94,832 17,773 19,081 93,525 6,445 5,656 18,313 6,871 4,371 27,890 6,717 6,175 18,106 6,199 6,781 17,524 916 59 57 141 589 70 9,631 927 920 2,525 4,232 1,027 15,646 '14,102 4,011 3,778 3,231 3,690 46,748 62,090 45,996 43,307 53,037 20,531 45,633 45,920 24,830 5,273 563 465 838 139.5 171 857 77.7 5,046 463 436 454 87.0 177 1,177 107.3 5,170 611 446 700 118.2 133 895 81.7 4,762 485 419 726 82 119 392 264 403 102 155 374 252 431 101 138 403 317 407 February PAPER AND PRINTING Paper: Total paper, incl. newsprint and paperboard: Production short tons._ Paper, excl. newsprint and paperboard:! Orders, new short tons.. Production -„ do. Shipments — do. Fine paper:! Orders, new __ do. Production , do. Shipments do. __ Stocks, end of month „ do— Wrapping paper:! Orders, new do_ Production doShipments do. Stocks, end of month. do. 962 53 65 159 604 81 9,916 589 851 3,550 3,641 1,285 50,919 57,590 27,160 1942 METALS AND MANUFACTURES Domestic appliances, sales billed. Combined index, excluding refrigerators:* Unadjusted index 1936=100.. Adjusted index— do Electrical products: Industrial materials, sales bil led _ do Motors and generators, new orders....do— Transmission and distribution equipment, new orders. _ 1936=100.. Motors (1-200 hp.): Polyphase induction, billings-thous. of dolPolyphase induction, new orders do— Direct current, billings do— Direct current, new orders .-do 1942 134.8 122 765 77.5 119 354 261 352 1942 1941 Febru- Decemary ber Janu- 136.0 145.0 157.7 169.0 142.8 207.4 109.9 138.1 247.0 343.0 194.5 275,9 252.8 425.2 264.6 468.8 294.0 355.8 283.7 286.4 6,417 7,409 2,294 3,056 4,353 5,829 1,381 2,738 6,957 8,176 2,552 4,602 6,061 7,086 2,140 3,974 1,129,069 932,791 1,177,426 1,246,158 490,753 456,521 522,226 426,652 520,471 433,372 53,267 55,601 57,759 37,517 48,699 42.604 44,032 65,041 181,150 187,990 185,348 70,039 167,135 157,757 158.726 84,075 523,096 550,696 557, 951 674,497 681,471 577,078 51,948 60,176 60,881 41,318 66,828 61,687 62,492 39,674 195,773 205,436 197,408 211,630 196.880 211,880 70,422 70,689 f Revised series. See note on corresponding item in the April 1942 SURVEY. U. S . GOVERNMENT PltlMTINS OFFICE t 1**1
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