The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C, APRIL 9, 1942
SUMMARY OF BUSINESS TRENDS
VVAR
expenditures are continuing to increase at a rapid rate.
TT
Treasury outlays for war purposes (not including military
expenditures of other agencies) advanced in March to $2.8 billion. On a daily average basis, this sum represents a 15-percent
increase over the February outlay and a 33-percent increase over
January. Among the specific items included in the Treasury
expenditures, the outlay for the Lend-Lease program has increased at a phenomenal pace. Lend-Lease expenditures during
March totaled well over one-half billion dollars, whereas in
November, before the attack upon Pearl Harbor, these expenditures had not quite reached $200 million per month, and the
initial expenditure in May 1941 was slightly under $7 million.
The March peak alone represents an increase of $140 million
over February.
The substantial Government outlays continue to be reflected
in a steady advance on the industrial front. Preliminary estimates
indicate that during March, industrial output increased at a rate
comparable to that of February. The most significant gains in
output were made in transportation equipment and machinery.
The steel industry was aided as the scrap situation eased somewhat with the coming of warmer weather and the scrap-collection
drive.
The War Production Board took action last week to encourage
manufacturers of rugs, carpets, and upholstery further to convert their facilities to the production of cotton duck. By converting to duck, many mills which have been hampered by severe
restrictions upon the use of wool and burlap, will be able to continue in operation and may make cotton duck available for the
civilian market.
Data now available for February reveal that the mounting
demand for war materials lifted the total volume of new orders
placed with manufacturers to unprecedented heights. The
Department of Commerce index of new orders jumped from 268
(January 1939=100) in January to a record of 314 in February,
an increase of more than 17 percent. This large volume of new
orders is primarily a result of the drive to get military orders on
industrial books. The increase in new orders is concentrated
chiefly in industries producing durable goods. The index of
electrical machinery orders, for example, jumped nearly 100
points and other machinery orders nearly 270 points.
The value of manufacturers' inventories during February
registered another large monthly rise, but it was not so large as
in other recent months. Additions amounted to about $150
million compared with $350 million in January, and $90 million
in February 1941. Seasonal reductions in stocks of food products and iron and steel offset advances in other lines.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
CRUDE OIL RUNS-TO-STILLS
(MILLIONS OF BARRELS- DAILY AVERAGE)
5.0
4.5
(BILLIONS OF KlLOWATT HOURS)
(THOUSANDS OF CARS)
BITUMINOUS COAL PRODUCTION
MISCELLANEOUS CARLOAD INGS
(DAILY AVERAGE-THOUSANDS OF TONS)
(THOUSANDS OF CARS)
2500
2000
ft942
i
4.0
3.5
/
1500
1000
" ^ ^ 1940
*
*
*
1940**
1941 - ^
3.0
2.5
500
i
FREIGHT- CARL0AD1N6S
ELECTRIC POWER PRODUCTION
(PERCENT Of CAPACITY)
.
l
.
1
\
0
l
/
J_ 1
WEEKLY WHOLESALE PRICES
COMMERCIAL LOANS
F.H.A. HOME MORTGAGES
(BILLIONS OF DOLLARS)
(NUMBER SELECTED FOR APPRAISAL ON HOMES TO BE BUllT)
(1926-100)
2000
PRICES OF 354 INDUSTRIAL STOCKS
NATIONAL DEFENSE-TREASURY EXPENDITURES
(1935-39 - 100)
(BILLIONS OF DOLLARS)
HO
MONTHLY
OATH
100
70
.. i,.
1939
451599—42
I , . i, .
..i.. 1
1942
60
1939
1940
1941
1942
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]
1943
1940
1941
1943
ITEM
Business activity:!
New York Times§
Barron's, 1923-25=100...
Business Week§, 1923-25=100
Commodity prices, wholesale:
Dept. of Labor:
Combined index, 1926=100.
Farm products
Food...
—
All other
28 basic commodities©
Fisher's index, 1926=100:
Combined index
Copper, electrolytict
Cotton, average, 10 markets*..Construction contract!..
Distribution:
Carloadings
Department-store sales
133.8 133.8 133.7 132.3 121.7 124.3 98.1 98.9
144.1 143.0 141.8 141.0 132. 2 133.3 100.5 103.0
178.5 177.0 175.8 173.3 146.4 153.2 104.3 105.8
97.4
103.4
95.9
95.3
167.2 166.4
97.2 97.1
103.1 102.3 101.5
95.5 95.8 95.8
95.1
95.3
165.8 166.1 165.7
82.2
72.7
76.7
85.8
82.0 77.6
73.2 67.0
76.4
85.4 82.7
133.7 112.1
77.9
68.1
82.8
112.9
104.8 103.8 103.8 103.6 103.4 88.7 88.3 83.7 84.1
112.9 112.9 112.9 112.9 112.9 112.9 112.9 105.3 105. 3
186.8 182.9 178.1 177.7 177.7 102.1 99.2 96.8 96.2
106.4
220.5
163.7
123.4 122.2 122.6 118. 2 104.8 121.7 92.4
112
148 140 131 125 131
1940
1941
Apr. Mar. Mar. Mar, Mar. Apr. Mar. Apr. Mar,
4
28 21 14
7
5
29
Apr. Mar. Mar. Mar. Mar. Apr. Mar. Apr. Mar.
6
30
5
29
14
28
21
Employment, Detroit, factory,
1923-25=100
Finance:
Bond yieldst
—.
Stock pricesj
:._.
Banking:
Debits, outside N. Y. C.J.—
Federal Reserve reporting
member banks:
Loans, total
Currency in circulation!
Failures, commercial, 1939=100.
Production:
Bituminous coal J
Electric power
Petroleum!
Steel©
,.4'
109.9
82.7 83.0 83.5
63.5 63.8 64.0
122.
110.3
13.5 83.: 83.7 84.0 87.7 88.1
66.8 82.2 81.2 101.1
160.3 150.1 166.3 132.5 160. 147.1 124.5 123.9 98.3
133.0 133.1 133.6 133. 2 132.8 114.7 114.4 101.0 100.4
183.0 181. 0 181..0 181.6 181.6 141.2 139. 7 118.6 118.1
85.9 94.7 68.2 79.2 92.9 94.3 106.7 96.8 101.4
143.0 140.5 141.8 130.3 47.7 150.1104.9 108.0
157.1 157.6 157.6 159.2 139.0 139.7 117.1 118.5
120.7 116.6 111. 0 124.3 HI. 0 118.4 118.3 121.3
188.0 188.4 186.3 185.3 185.0 179.3 180.4 107.9 106.2
•Data do not cover calendar weeks in all cases- ^Seasonally adjusted. jDaily average. ©Index for week ended Apr. 11 is 187.6.
§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 rovisions were first shown in the issue of Mar. 19.
O Thursday prices; August 1939-100.
WEEKLY BUSINESS STATISTICS*
1941
1943
Mar. 28
Mar. 21
Mar. 14
Mar. 7
0.118
.203
3.60
38.15
1.18
0.118
.199
3.57
38.15
1.19
0.118
.194
3.57
38.15
1.21
0.118
.193
3.59
38.15
1.22
0.118
.193
3.57
38.15
1.22
0.118
.111
2.72
38.15
3,999
6,713
3,650
6,290
4,289
6,967
3,790
5,547
3,98*9
6,732
2,339
2,244
12,496
2,999
2,326
2,244
12,527
2,847
2,351
2,249
12,939
3,161
2,347
2,253
12,968
3,266
24,197
5,120
19,100
24,574
5,125
19,379
12,942
2,702
11,402
7,008
1.00
1.25
11,485
• 4.034
25,010
5,129
19,585
13,058
2,701
11,446
7,035
1.00
1.25
11,482
• 4.035
193
75,640
3.36
1,707
69.11
65.2
66.7
58.6
63.1
Apr. 4
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New Yorkt
dol. per l b .
Cotton, middling, *W average, 10 markets I t . .do.._
Food index (Dun and Bradatreet)
do...
Iron and steel, composite
dol. per tonWheat, 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:
Federal Reserve bank credit, total
do._.
IT. 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 by U. S. Govt
do—
Loans, total
do.~
Commerc'l, indust'l, and agricult'l loans..do..Interest rates, call loanst
._
percent.
Interest rates, time loanst
do...
Currency in circulationj
mil. of dol.
Exchange rates: Pound sterling
dollars.
Failures, commercial
number.
Security markets:
Bond sales (N. Y. S. S.)...thous. of dol. par valueBond yields (Moody's) (120bonds)t.
percentStock sales (N. Y. S. E.)
thous. of shares.
Stock prices (AT. Y. Times)t
_.dol. per shareStock prices (Stand, and Poor's) (402) 1._ 1935-39=100.
Industrials (354)
do—.
Public utilities (28)
do—.
Railroads (20)
do,...
12,705
2,684
11,394
7,003
1.00
1.25
11,610
•4.035
243
40,978
3.35
1,338
68.74
64.4
65.9
57.7
61.7
1940
Apr. 5 I Mar. 29
0.118
.108
2.69
Apr. 6
1939
Mar. 30
.87
0.110
.105
2.28
37.07
1.03
0.110
.105
2.29
36.81
1.03
4,720
6,160
3,706
5,214
4,423
5,189
2,402
2,262
12,835
3,208
2,244
2,184
13,506
5,941
2,221
2,184
13,633
6,011
25,129
5,153
19,623
13,215
2,720
11,411
6,959
1.00
1.25
11,525
• 4.035
224
24,815
5,188
19,544
13,151
2,723
11,374
6,902
1.00
1.25
11,525
* 4.035
263
23,093
5,441
17,124
10,578
2,753
9,828
5,465
1.00
1.25
8,956
• 4.030
267
61,030
3.38
1,864
69.23
65.7
66.9
59.7
64.7
58,450
3.38
2,026
68.83
64.4
65.4
59.8
' 64.3
48,300
3.37
2,473
72.31
69.8
69.8
63.9
67.9
1,858
3,346
3,820
99.0
1,825
3,357
3,692
97.9
1,842
3,357
3,515
97.4
15,390
804, 746
156,048
13,846
45,921
33,714
10,797
143,550
30,154
370,716
796,640
152,907
14,074
47,469
35,608
10,445
145,078
15,963
375,096
203
280
3,714
199
279
4.214
Apr. 8
Apr. 1
0.110
0.110
2.27
36.40
2.29
36.42
2,850
4,117
3,641
4,536
3,094
.3,826
2,512
2,467
12,395
5,815
2,510
2,475
12,294
5,679
2,584
2,564
9,318
3,708
2,578
2,564
9,125
3,519
23,259
6,444
17,120
10,583
2,751
9,798
5,420
1.00
1.25
8,864
a 4.032
302
19,175
5,355
14,666
8,848
2,380
8,649
4,414
1.00
1.25
7,528
* 3.569
274
19,276
5,338
14,726
8,830
2,379
8,603
4,383
1.00
1.25
7,495
• 3.579
287
16,072
5,215
13,470
8,145
2,035
8,164
3,838
1.00
1.25
6,865
4.681
15,991
5,217
13,388
8,096
2,026
8,191
3,814
1.00
1.25
6,793
4.681
79,680
3.39
3,186
89.01
80.7
80.2
86.2
72.9
59,900
3.40
2,554
87.88
80.3
79.6
86.6
7L9
49,310
3.55
7,270
109.46
98.7
99.4
103.5
78.5
35,540
3.57
4,833
107.77
96.8
97.4
101.6
76.9
32,820
3.81
6,842
89.95
86.4
86.5
93.0
66.3
39,010
3.75
7,140
96.32
92.5
93.0
97.3
73.7
1,693
3,392
3,934
97.2
620
2,960
3,514
99.2
1,950
2,975
3,747
99.8
20,737
1,363
2,494
3,841
61.7
1,403
2,524
3,841
60.7
10,003
281
2,244
3,444
54.7
1,343
2,272
3,358
56.1
12,379
799,356
155,612
13, 755
47,486
58,233
10.868
146,821
12,710
373,871
770,697
14*5,373
13,764
43,137
3S, 356
10,689
14S, 519
13,311
357,518
683,402
58,841
10,160
38,082
35,405
10,837
162, 942
18.238
348,297
793,803
168,827
13,785
40,025
36,954
10,395
161,119
16,502
346,196
602,835
100,626
7,331
31,640
30,108
9,999
149,766
10,375
262,990
628,921
127,929
8,540
31,930
34.540
9,589
147,305
10,175
258,913
534,952
45,941
6,024
26,871
30,210
10,531
157,748
8,657
248,970
600,691
101,209
5,991
27,110
32,030
10, 774
157,419
9,108
257,000
200
307
4,526
198
291
4,320
180
299
3,690
190
304
3,370
167
319
5,789
3,197
3,017
295
310
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:©
• Bituminous coalt
thous. of short tons.,
Electric powerA
mil. of kw-hr..
Petroleum*
_
.thous. of bbl_.
Steel©
_
pet. of capacityConstruction contract awards!.
thous. of dol..
Distribution:
Freight carloadings, total
_
cars...
Coal.
do—.
Coke
do-..
Forest products
.do
Grains andgrain products
_
do
Livestock..
do
Merchandise, 1. c. 1
do
Ore
d o Miscellaneous.
do....
Receipts:
Cattle and calvesf
thousands.Hoesf
do....
Wheat at primary markets...
tbous. of bu..
#
2,050
166
315
5,593
JDaily average.
Data do not cover calendar weeks in all cases.
* Free r?\te.
JRevised series. See table 32, pp. 24-26 of the November 1941 SURVEY for stock prices beginning January 1939 and cotton prices beginning August 1939.
©Rate for week
ended Apr.
ingots and steel for castings.
p 11 iss 98.6; data for 1942 are based on estimated capacity as of Dec. 31,1941, of 88,570,000 tons of steel ing
d aa aa a r e n o t a v aa ii llaabb l
TComparable
b e c a u e off a change
ch
i the
th markets
k t included
i l d d in
i the
th data
d t beginning
b i i
i h that
t h t year
T o p a a b l e ii
. e prior to 1940 because
in
with
A A J ™ l a r e s h ° w n ° n a "vised ^ s beginning with the Jan. 15,1942, issue; 1941 and earlier revisions not published are available on request.
OAutomobile production data formerly shown arenot available for publication.
' ' "
MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1943
1941
March
March
1943
Janu- February
ary
COMMODITY PRICES
Prices received by farmers:
U. S. Department of Agriculture:
Combined index.
1909-14=100Cbickens and eggs.
__.do
Cotton and cottonseed
_.do
Dairy products
_do._Fruits
do___
Grains
do___
Meat animals.
___do—_
Truck crops
do..Miscellaneous
.._
do...
1943
1941
March
March
8.5
8.2
6.2
6.2
7.6
7.2
7.7
7.4
3,171
610
55
184
146
43
584
72
3,858
797
1,477
58
23
17
' 3,066
'65S
'56
r 157
'138
'41
'638
'57
'1,322
71
26
23
212
65
711
65
1,729
60
22
22
3,123
629
57
185
154
42
597
52
1,407
59
22
20
24,098
17,524
18,628
9,280
29,494
16,280
30,357
15,849
1943
January
February
FINANCE-Continued
146
130
151
144
111
122
182
136
132
103
90
82
118
83
84
129
••145
91
149
147
143
148
102
119
166
204
169
145
135
150
147
98
121
175
161
133
23,409
2,243
3
24,288
24,322
2,412
4
2,243
20,902
20,533
24, 288
14,715
12,927
3,347
8,303
90.8
2,262
20,846
20,515
24,322
14,441
12,619
2,969
8,559
90.6
.061
.301
.878
.570
.206
4.035
22,747
11,175
.298
.061
.301
.884
.570
.206
4.035
22,705
11,485
FINANCE
Federal Reserve banks, condition, end of mo.:
Assets, total_
mil. of dol., 24,187
2,355
Ees. bank credit outstanding, total..do
9
Bills discounted
__
.do
2,244
United States securities
do
20,821
Reserves, total
do
Gold certificates
d o — 20,495
Liabilities, total..
_
do.... 24,187
Deposits, total
d o — 14,268
12,575
Member bank reserve balances ...do
3,073
Excess reserves (estimated)
do
8,635
Federal Reserve notes in circulation .do
90.9
Reserve ratio
percent . . .
Monetary statistics:
Foreign exchange rates:
.298
Argentina..
..dol. per paper pes
.061
Brazil, official—
dol. per milreis—
.301
British India
dol. per rupee—
.877
Canada
dol. per Canadian dol..
.570
Colombia
dol. per peso..
.206
Mexico
—
do
4.035
United Kingdom
dol. per £ . .
Gold, monetary stock, U. S
mill, of dol.. *>22,687
J>11,573
Currency in circulation, total
do.
Public Finance (Federal):
Debt, gross, end of month
d o — 62,419
Public issues:
54,606
Interest bearing..
.do
480
Noninterest bearing
.do
Special issues to Government agencies and
trust funds
mill, of dol_.
Obligations fully guaranteed by U. S. Govt.:
Total amount outstandingt—mill, of dol..
5,666
Expenditures, totalf
thous. of dol.. 3,436,301
National defense*...
do....
Agricultural adjustment program*_.do— 81,384
95,887
Unemployment relief*
do
Transfers to trust accounts
d o — 22,113
204,886
Interest on debt*
do
Debt retirements
d o — 15,392
219,681
Another*
do.
3,547,800
Receipts, totaL—
do.
3,547,169
Receipts, net*
_
do.
32, 559
Customs.
do.
Internal revenue, total
do—.. 3,493,082
Income taxes
d o — 3,082,627
Social security taxes
do.... 48,576
Security markets:
Bonds:
Yields:
Moody's:
3.37
Domestic corporate-—
percent..
By ratings:
2.86
Aaa
do.
3.00
Aa
do_
3.32
A
do.
4.30
Baa
doBy groups:
3.00
Industrials..
do—
3.17Public utilities
do....
3.94
Rails
do—.
Stocks:
Cash dividend payments and rates
(Moody's):
Total annual payments at current rates
(600 companies)
mil. of doL. 850.15
Number of shares, adjusted--.millions- 938.08
Dividend rate per share (weighted aver1.97
age) (600 companies)
.—dollars—
2.81
Banks (21 companies)
—do—
1.98
Industrials (492 companies)
do
2.69
Insurance (21 companies)
do
1.80
Public utilities (30 companies)—do—
1.77
Rails (36 companies)
-do
Prices:
Dow-Jones <fc Co., Inc. (65 stocks)
34.54
dol. per share.Industrials (30 stocks)
d o — 101.62
12.15
Public utilities (15 stocks)
.do....
Rails (20 stocks)
d o . . . . 26.09
69.17
New York Times (50 stocks).
do
119.65
Industrials (25 stocks)
do
Railroads (25 stocks)
do
Yields:
Common stocks (200), Moody's
7.7
percent. _
6.0
Banks (15 stocks)
.do—
7.7
Industrials (125 stocks)
do
5.0
Insurance (10 stocks)
do
2,184
20,436
20,112
23,409
16,272
13,371
5,776
6,143
91.2
.298
.061
.301
.850
.570
.205
4.032
22,367
8,924
Security markets—Continued.
Stocks—Continued.
Yields—Continued.
Public utilities (25 stocks)
Rails (25 stocks)
percent.
...do._.
TRANSPORTATION
Freight-car loadings (A. A. R.):f
Total cars
-thousands.
Coal
do.._
Coke
__
do._.
Forest products
do,_.
Grains and grain products
do.__
Livestock.
do.__
Merchandise, 1. c. 1
___
do._Ore
do-_
Miscellaneous..
...do___
Freight-car surplus, total
do..Boxcars.
_
do...
Coal cars. „_
___
do—„
FOODSTUFFS
Corn:
Receipts, principal markets.-.thous.
Shipments, principal markets
Oats:
Receipts, principal markets
Wheat:
Shipments, principal markets
of bu.
do._.
do...
5,253
4,567
8,519
5,670
do...
11,195
9,432
10,471
9,155
thous. of short tonsdo—.
5,081
47,400
4,595
48,250
4,532
48,540
4,739
43,840
FUELS AND BYPRODUCTS
Coal production:
Anthracite
Bituminous.
47,176
60,012
62,381
1942
40,901
593
52,468
481
54,705
486
February
5,683
7,063
7,190
5,673
5,916
,400,675 2,630,968
768,982 2,100,754
89,814 106,251
155,190 93,564
22,550 41,540
150,211 31,737
3,270
1,539
212,390 253,851
1,566,871 614,084
,560,408 577,647
• 39,950 35,187
,513,017 555,031
,207,513 133,469
34,131 52,576
5,673
2,201,081
96,930
92,262
9,360
12,136
1,070
217,000
937,281
757,976
27,2S4
879,417
282,506
256,955
3.39
3.35
3.35
2.80
3.01
3.37
4.38
2.83
2.96
3.30
4.29
2.85
2.98
3.29
4.29
3.02
3.17
2.97
3.13
3.93
2.98
3.15
3.94
816.13 1,926.59 1,857.45
938.08
938.08
1.94
3.01
1.92
2.54
1.94
1.56
2.05
2.88
2.09
2.69
1.81
1.77
1.98
2.88
1.99
2.69
1.81
1.77
41.60
122.52
19.56
28.03
87.66
154.86
20.46
37.86
111.11
14.41
28.01
77.09
133.77
20.41
36.79
107.28
13.83
27.85
74.46
128.67
20.26
6.1
4.5
6.2
4.2
7.2
5.3
7.4
4.5
7.1
5.6
7.2
4.6
v Preliminary. "
' Revised.
* New series. See note on corresponding item in the March 1942 Survey.
t Revised series. See note on corresponding item in the March 1942 Survey.
1 Data for January 1942 are for 5 weeks; other months, 4 weeks.
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
February
1942
December
January
BUSINESS INDEXES
Manufacturers' orders, shipments, and inventories:*
New orders, total.
January 1939=100..
Durable goods
.do....
Electrical machinery
do
Iron and steel and their products..do
Other machinery
do
Other durable goods
.-do
Nondurable goods
do—
Shipments, total
do—
Durablo goods
,.
do—
Automobiles and equipment
do.__.
Electrical machinery
do___.
Iron and steel and their productS-.do
Other machinery
~.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
Textile-mill products..
do
Other nondurable goods
—do
Inventories, total—average month 1939=100-.
Durablo goods
-»
do—
Automobiles and equipment
do
... Electrical machinery.
do___.
Iron and steel and their products.do
Other machinery.-.
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—
Textile-mill products
do....
Other nondurable goods
do—
232
332
396
248
367
413
* 167
207
252
155
307
257
317
222
168
171
160
191
154
204
143
158.5
175.8
193.3
234.1
129.2
180.0
136.4
143.5
143.7
162.0
135.1
113.2
147.3
138.7
'268
'414
'347
245
'414
•-719
'174
'201
'232
135
'249
'245
'292
'213
'174
'184
'167
'195
'156
'206
'153
•• 161.9
'179.2
'190.8
'243.9
' 127.2
r 187.5
M39.5
'146.9
' 147.8
*• 163.6
r 134.4
' 113.4
'151.5
t 145.4
82,330 100,208
79,533
20,799 .26,483
33,769 30,283
12,325 14,204
3,573
3,138
7,787
6,725
30,290
43,145
14,424
4,170
8,179
22,791
34,127
12,854
3,190
6,571
35,645
35,301
11,384
42.1
41,182
31,142
35,312
13,079
'32.1
*>314
*522
*433
P260
P187
M96
*225
»171
* 163.1
P 181.1
r 189.8
* 249,8
r 124.9
p 191.2
»141.4
'147.2
'150.8
P 159.2
J-136.8
v 113.3
'154.2
'147.5
189
277
303
295
277
237
132
159
189
165
205
198
202
176
133
146
120
148
110
154
134
122.7
134.8
146.0
156.1
125.0
133.1
111.3
112.2
118.1
108.3
119.9
101.5
120.0
108.0
CONSTRUCTION AND REAL ESTATE
Real estate:
Estimated new mortgage loans by all savin gs
and loan associations, total
thous. of dol..
Classified according to purpose:
Mortgage loans on homes:
Construction
do—
Home purchase-—
do—
Refinancing
do—
Repairs and reconditioning
do
Loans for all other purposes
.declassified according to type of association:
Federal
thous. of dol.
State members
-do.._.
Nonmcmbers_.do...,
Foreclosures, nonfann f
1935-39=100-
76,756
31,919
33,939
10,893
15,066
32.4
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1943
1941
1942
Febru
ary
Febru- Decem
ary
ber
January
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
EMPLOYMENT
F U E L S AND B Y P R O D U C T S - C o n t i n u e d
Labor conditions:
Labor turn-over in mfg. establishments:
Accession rates—jno. rate per 100 employees.^
Separation rate, total
do
Discharges
do,..
Lay-offs..
_do
Quits and miscellaneous
_do
Petroleum and products—Continued.
Refined petroleum products—Continued.
Gas and fuel oils—Continued
Stocks, end of month:
Residualfuel oil
thous. of bbl.
Gas, oil, and distillate fuels.
..do...
Motor fuel:
Production, total
_
'
do...
Benzol
do...
Straight run gasoline
do...
Cracked gasoline
do...
Natural gasoline
...-do
Natural gasoline, blended
do...
Stocks, gasoline, end of month:
Finished gasoline, total
do...
. At refineries
do__.
Kerosene:
Production
do...,
Stocks, refinery, end of month
do....
Lubricants:
Production
__
.do
Stocks, refinery, end of month..
.do
6.00
4.78
4.92
3.15
.19
1.20
1.76
4.76
4.71
.29
2.15
2.27
6.87
5.10
.30
1.61
3.21
18.6
25.6
192.4
26.4
24.4
190.0
25.0
28.1
211.4
17.9
29.9
199.4
34.8
39.7
285.0
42.4
42.4
288.3
44.9
47.6
297.6
38.4
46.0
289.9
64.6
70.6
525.6
67.0
69.0
501.5
103.6
93.4
537.9
66.0
72.3
531.6
• 29
1.35
3.14
FINANCE
Installment loans to consumers:*
By credit unions:
Loans made
mil.ofdol..
Repayments
do,...
Amount outstanding, end of month
do...
By industrial banking companies:
Loans made
do...
Repayments
_
do__
Amount outstanding, end of month
do...
By personal finance companies:
Loans made._
_
.do—
Repayments. __
do
Amount outstanding, end of month
do
Security Markets:
Bonds:
Prices:
Standard and Poor's Corporation:
High grade (15 bonds) t
dol. per $100 bond.
Medium and lower grade:f
Composite (50 bonds).
.do.,.
Industrials (10 bonds)
do...
Public utilities (20 bonds).
do...
Rnils (20 bonds)
do....
Defaulted (15 bonds)t
do....
Domestic municipals (15 bonds)...do
Yields:
Standard and Poor's Corporation:
Domestic municipals (15 bonds). percent..
Stocks:
Prices:
Standard and Poor's Corporation:t
Combined index (402 stocks)
1935-39=100..
Industrials (354 stocks)
do....
Capital goods (116 stocks)
do
Consumer's goods (191 stocks)_do
Public utilities (28 stocks)
do....
Rails (20 stocks)
do._..
Yields:
Preferred stocks, high-grade (15 stocks),
Standard and Poor's Corp.f
percent..
P>
117.1
116.7
117.5
117.5
106.9
104.4
87.7
25.6
120.1
97.5
101.7
103.8
87.1
17.5
125.6
97.4
105.0
104. 7
82.4
21.9
125.9
99.2
106.7
104.1
86.9
24.1
124.4
2.55
2.27
2.25
'2.33
January
21,154 24,855
25,542 38,895
20,860
30,825
48,374 63,573
323
280
20,112 24,913
23.417 32,255
4,565 6,082
3,510 4,622
60,140
20S
22,725
30.324
88,609
61,756
8S.413
56,325
93.489
64,996
5,888
7,634
6,682
6,634
6,987
2,522
8,790
3,554
8,127
3t497
8,266
38,682
324
493
38,451
442
'337
' 1,052
r
32,654
' 1,535
2,296
5,351
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
Boys' and youths'
do
Infants'.__
_do
Misses' and children's
..do
Men's J_
do
Women's.
do
Slippers and mocasins for hcusewear
thous. of pairs..
All other footwear...
do....
2,738 "2,363
963
••655
' 39,828
'358
'436
' 1,352
'34,899
r 1,393
»• 2,146
'3,805
1
12,146 12.094
12,789 115.461
'3,509 * 1,956
'827
2,248
372
1,876
2,461
369
2,092
5,930
1,353
4,577
-•2,376
••332
'2,044
•2,423
••361
'2.062
r 6,543
r 1,576
r 4,967
'2,503
'382
' 2,121
' 2,491
'371
' 2,120
' 6,348
' 1,355
'4,993
2,396
376
2,020
2,592
381
2,211
6,110
1,349
4,761
858
738
806
1,307
856
542
858
825
1,539
800
621
809
782
1,425
1,050
796
825
875
1,375
323
468
279
374
1,471
3oO
400
265
374
1,551
491
421
357
415
1,721
516
519
263
418
1,566
710
894
658
660
701
677
644
946
827
747
719
971
861
926
717
701
991
40,007
377
437
1,373
34,119
1,410
2,062
3,631
11,703
15,314
r 1, 650
•33,196
'1,260
' 2,021
'3,973
'10,009
'15,932
LUMBER AND MANUFACTURES
71.0
74.8
66.2
64.5
68.4
80.1
79.4
82.5
80.3
87.1
70.1
71.8
73.8
76.3
67.6
66.2
61.0
72.6
74.3
78.6
68.8
66.1
4.24
4.05
4.15
4.21
462,486 358,413 479, 560
377,593 296,146 389, 223
54,746 36,511 53,868
327,653 255,590 352, 532
58,136 80,549
392,571
55,697
348,781
68,966
CHEMICALS AND ALLIED PRODUCTS
Vegetable oils and products:
Oleomargarine:
Consumption (tax-pd.withd'ls).thous. of lb_. 31,767
Production
d o — 32,541
27,871
25,108
33,754
34,638
FUELS AND BYPRODUCTS
Coal:
Bituminous:
Industrial consumption, total
thous. of short tons.. 35,097 31,161 37,192
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons.. 56,720 48,518 62,737
Industrial
__do
50,470 42,518 53,397
Retail dealers, total
do
9,340
6,000
6,250
Coke:
Production:
Beehive.
do—
650
496
610
4,502
Byproduct__
do
5,186
4,716
Stocks, end of month:
1,391
Byproduct plants, total
do
1,708
774
832
At furnace plants
do
618
876
514
At merchant plants.
do
Petroleum and products:
Crude petroleum:
00,445 .24,985
Consumption (runs to stills)...thous.'of bbl—
00,791 .28, 293
Production....
^—do—
83
Refinery operations
.pet. of capacityStocks, end of month:
California:
63,378
Heavy crude and fuel
thous. of bbl..
36,985 35,596
Light crude
do
220,046 203,423
East of California, total
_..do
42,260 43,154
Refineries
—
—do—
L77,786 .60,269
Tank farms and pipe lines
do
Refined petroleum products:
Gas and fuel oils:
Production:
25,944 31,127
Residual fuel oil
do—
14,732 17,142
Qas, oil and distillate fuels, total...do
35,848
35,071
National Lumber Mfrs. Assn.
Production, total
mil. of bd. ft.
Hard woods
do...
Softwoods
do...
Shipments, total
.do...
Hardwoods
..
do...
Softwoods
do...
Stocks, gross, end of month, total
do...
Hardwoods
do...
Softwoods
do...
Softwoods:
Southern Pine:
Orders, new
_.
do__.
Orders, unfilled, end of month
do—
Production
do...
Shipments
__
do...
Stocks, end of month
_
do...
Western Pine:
Orders, new.
.do...
Orders, unfilled, end cf month
__do...
Production..
__do...
Shipments
do...
Stocks, end of month
do...
West Coast Woods:
Orders, new
do...
Orders, unfilled, end of month
do...
Production
do...
Shipments
do_..
Stocks, end of month
do..METALS AND MANUFACTURES
38,476
58,681
50,951
7,730
647
••5,224
1,510
'817
119,032
128,262
82
22,768
37,767
207,859
45,085
162,774
29,405
16,902
Domestic appliances, sales billed:
Ironers, household
units. 13,067 20,492 12,974 12,439
358,402 100,572 135,913
Refrigerators
...do...
Washers, household
. . . . d o . . . 114,242 155,546 113,054 93,341
Steel products, production for sale:
Total
thous. of short tons. 4,762 4,587 5,144 1 5,170
490
4S5
455
511
Merchant bars.
_
_
do...
484
419
446
384
Pipe and tube—
do...
629
726
700
416
Plates
do..134.8
118.2
88.1 132.6
Percent of capacity*
144
122
133
154
Rails
_
thous. of short tons,
889
765 1.074
895
Sheets, total
do...
80.1
77.5 107.3
81.7
Percent of capacity
.
Strip:
106
83
101
91
Cold rolled
-thous. of short tons.
135
119
138
139
Hot rolled
_
_
..do...
369
354
403
322
Structural shapes, heavy
do...
367
261
317
205
Tin plate
do...
352
407
379
Wire and wire products
_do._.
RUBBER AND PRODUCTS
Pneumatic castings:
Production... •_
_
thousands.
Shipments, total
do...
Stocks, end of month...
.do...
Inner tubes:
Production
do...
Shipments, total
do._.
Stocks, end of month
..do...
1,113
1,116
4,553
5,161
4,S96
10,029
2,967
2,604
4,417
' 1,369
1,231
'4,550
1,051
1,099
4,678
4,887
4,610
7,924
2,729
2,*90
4,678
'1,328
' 1,257
'4,712
' Revised.
• Data for January are the latest available.
• New series. See note on corresponding item in the March 1942 Survey.
tRevised series. See note on corresponding item in the March 1942 Survey.
IBeginning January 1941, data include a small number of pairs of shoes other than men's leather (nurses, athletic, etc.) made for Government contract.
1943
LEATHER AND PRODUCTS
TRANSPORTATION
Financial operations (Class I steam railways):
Operating revenues, total.
thous. of dol..
Freight
.
do
Passenger
do
Operating expenses
do
Net railway operating income
do
1943
1941
Febru- Febru- Decem
ary
ary
ber
U . S. GOVERNMENT FRINTIHG OFFICES 1 * 4 2
@FedFRASER