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, P . C , AUGUST 20, 1942
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
(1935-39» 100)
ELECTRIC POWER PRODUCTION
(BILLIONS OF KILOWATT HOURS)
TOTAL
WAR ACTIVITIES-TREASURY EXPENDITURES
COTTON CONSUMPTION
(BILLIONS OF DOLLARS)
MONTHLY
{ DAILY AVERAGE - THOUSANDS OF BALES ) .
MONTHLY DATA
DATA
/
45
/
/
30
*
25
i'
i
n
-
• . i .
, 1 , ,
i ,,
1941
\, i,, i,, i,,
2
"(942
°
,939
.. i , , i . . t . ,
. . r. . i , , i > . , . i . , i , , i , ,
,940
1942
WEEKLY BUSINESS STATISTICS*
1943
1941
Commodity prices, wholesale:
All commodities
...1926^100..
Farm products
do
Food
do....
All other
_-.
do
28 basic commoditiesO-.August
1939=100..
Cotton, mid., lW, 10 mkts.t.-dol. per lb.
Wheat, No. 2, hd. win. (K. C.).-dol. per bu_.
Department store sales
1935-39=100.Finance:
Bank debits, member banks in 101 cities:!
Total
mil. of doL.
Now York
___
do
Currency in circulation
_
..do
Federal Reserve bank credit, total
do
Member bank reserve balances
-do . . .
Excess reserves, estimated
do
89.6
86.4
86.7
90.
150.0
.157
1.07
114
89.6
87.8
86.2
90.6
151.8
.163
1.06
116
9,004 10,213 8,648 7,887
3,473 4,334 3,221 3,174
12,891 12,812 12,682 9,807
3,512 3,446 3,237 2,247
12,709 12,602 12, 545 12,948
2,381 2,246 2,196 5,027
9,006
3,710
9,796
2,231
12,951
5,018
167.2
.184
1.11
105.4
99.7
^95.7
167.0
.187
1.10
110
105.6
100.1
*95.8
166.4
.187
1.10
96
1941
1943
Aug. 15 Aug. 8 Aug. 1 Aug. 16 Aug. 9
Aug. 15 Am. 8 Aug. 1 Aug. 16 Aug. 9
Finance—Continued.
Federal Reserve reporting member banks:
Deposits, demand, adjusted-.mil. of dol..
Loans and investments, total
do
U. S. Govt. obligations^
do
Commercial, industrial, and agricultural loans.
— m i l . of dol_.
Failures, commercial
number. _
26,526 26,138 26,670 24,245
33,603 33,509 33,512 28,874
19,509 19,441 19,387 14,559
6,425 6,408 6,432 6,146
168
160
230
174
3.34 3.34 3.34 3.29
Stock prices (Stan. & Poor) A . -1935-39=100.. 67.9 67.7 67.7 82.4
1 roductionr
1,821 1,867 1,831
Bituminous coalf
thous. of short tons.
3,637 3,649 3,238
Electric power
mil. of kw-hr.
3,953
3,970
Petroleumj
thous. of bbL
184.9 183.6 184.5 176.9
Steel©
..1935-39=100
864
850
Freight carloadings, total
thous. of cars.
395
387
Miscellaneous
..do...
24,217
28,761
14,553
6,087
220
3.28
84.2
1,783
3,233
3,912
178.2
879
•Data do not cover calendar weeks in all cases.
» Preliminary,
©Thursday prices.
JDaily average.
©Index for week ended August 22, 186.3.
1 Debits to demand deposit accounts, except interbank and U. S. Government accounts, in 101 cities. cTDirect and guaranteed.
A402 stocks.
MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of the
Surrey and the 1940 Supplement
COMMODITY PRICES
1942
1941
July
July
May
1943
June
Earlier data are arailable in monthly issues of the
Surrey and the 1940 Supplement
1942
1941
July
July
1943
May
June
COMMODITY PBICES-Continued
Wholesale prices—Continued.
Cost of living (N. I. C. B.):
104.4
85.8
104.4
97.3
Farm products
1926=100.. 105.3
97.3
88.9
97.5
Combined indeif
1923=100..
89.1
76.3
92.2
88.8
88.6
Grains
do....
88.1
73.8
88.0
Clothing
do
98.9
117. &
116.9
99.1
99.5
Livestock and poultry
d o . . . . 117.8
86.2
Foodf
. . . d o . . . . 100.3
90.5
90.4
87.8
Commodities other than farm products*
90.4
Fuel and light
do
97.4
v 97.1
89. a
91.1
91.0
88.4
1926~ 100- »97.O
90.8
Housing.
do
99.2
98.9
99.3
84.7
104.2
104.1
98.7
104.1
Foods
—
do—
Sundries
.do
87.2
89.0
87.2
80.3
Cereal products*
do
Retail prices (Fairchild's index):
93.5
92.0
96.0
87.7
113.2
113.1
99.6
Combined index
Dec. 31,1930=100.. 113.1
Dairy products
do
105.4
69.4
96.7
98.5
Apparel:
Fruits and vegetables
do....
114.8
113.9
93.8
108.3
108.0
Infants'
do
108.0
98.7
Meats
—
d o . . . . 113.4
105.1
Men's
d o . . . . 105.1
91.5 105.2
Commodities other than farm products and
p 95. G
95.7
113.0
112.9
89.7
112.8
96.9
Women's
do
foods
—
1926=100.. p 95.7
115.7
115.6
110.1
110.1
115. G
Home furnishings
do
102.4
Building materials
do.-.. 110.3 103.1
112.2
112.2
98.0
98.1
94.2
112.3
98.0
93.3
Pieco goods
do
Brick and tile
...do....
94.2
92.1
94.2
94.2
Wholesale prices (U. S. Dept. of Labor):
Cement
do
98.8
131.5
131.7
132.9
122,3
p 9S.6
Combined index (889 quotations).... 1926=100.. p 98.7
88.8
Lumberf
do
100.3
91.6
100.6
Economic classes:
100.7
Paint and paint materials*
do
97.3
97.2
v 98.6
99.0
96.7
85.2
Manufactured products.
do
98.6
90.1
Chemicals and allied products!
do
96.5
96.5
99.7
87.3
99.8
96.5
Raw materials
._
do
100.1
86.1
Chemicalsf
do....
92.9
100.0
129.1
129.1
92.8
129.1
92.8
87.9
Semimanufactured articles
do
Drugs and pharmaceutlcalsf
do
'Preliminary. *New series; see note on corresponding item in the July 1942 SURVEY. fRevised series; see note on corresponding item in the July 1942 SURVET.
477225—42
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of the
Survey and the 1940 Supplement
1942
1941
July
July
1942
June
May
EMPLOYMENT AND WAGES"
1942
1941
July
July
1942
May June
0.149
.060
.059
1.970
2.13
.472
.143
.465
0.161
.055
.064
2.644
2.82
.612
.170
.515
0.166
.056
.064
2.883
2.95
.630
<•)
.502
113.4
118.6
117.6
114.4
101.9
104.1
96.7
104.5
102.1
102.7
97.4
104.5
COMMODITY PRICES-Continued
COMMODITY PEICE9—Continued
Wholesale prices—continued:
Commodities other than farm, etc.—Con.
Chemicals and allied products—continued:
Fertilizer materials t
1926=100.
Oilsandfats*
_
do...
Fuel and lighting materials
do...
Petroleum products
.do...
Hides and leather products^ _
do...
Hidsand
Hidesand skinsr::::~^^:::^do:;
skinsr:::-:^-^:::^do:.;
Leather
.
...do...
Shoes.
do...
House-furnishing goods - do...
Furnishings- - do
Furniture
do...
Metals and metal products
do...
Iron and steel
.
do...
Metals, nonferrous
do...
Plumbing and heating equipment d o , . .
Textile products
.
do...
Clothing
...do...
Cotton goods
do...
Hosiery and underwear
do. _..
.Rayon*-.
_.
.....do....
Woolen and worsted goods..
do...
Miscellaneousdo...
Automobile tires and tubes
do...
Paper and pulp
do...
• Wholesale prices of individual commodities: §
Brick, com., comp. (f. o. b. pl.).dol. per thous.
Coal:
Bituminous, mine run, composite
dol. per short ton.
Bituminous, prepared
sizes, comp
do...
Cotton, middling l*U", average ,10 markets
dol. per lb..
Cotton cloth, mill margins...,...cents per lb..
Cottonseed oil, refined, summer, yellow, prime
(N.Y.).—
.dol. per lb..
Dairy products, butter, 92 score (N. Y.).-do_.
Grain and grain products:
Corn:
No. 3 yellow (Chicago)..
dol. per bu_.
• No. 3 white (Chicago)
....do....
Weighted avg., 5 mkts., all grades..., do.-..
Wheat:
No. 2, Red Winter (St. Louis)
do_.
No. 2, Hard Winter (K. C.)
do....
Weighted avg., 6 mkts., all grades....do.,..
Wheat flour:
Standard patents (Mpls.)
dol. per bbl__
Winter straights (K. C.)
___do_.._
Lard in tierces:
Prime, contract (N. Y.)
.V—dol. per lb..
Refined (Chicago)
do....
Linseed oil (N. Y.)-:.do_.._
Livestock:
Beef steers (Chicago)
.__dol. per 100 lb..
Steers, corn fed
do....
Calves, vealers
do—
Hogs, heavy (Chicago)
.
—do—
Sheep, ewes (Chicago).do—
Sheep, lambs
..do—
Lumber, ponderosa pine, 1x8, No. 3, common*
dol. p e r M b d . f t . .
Meats:
Beef, fresh, native steers (Chi.).. .dol. per lb..
Earlier data are available in monthly issues of the
Survey and the 1940 Supplement
78.5
104.2
79.0
60.6
118.2
118.5
101.3
120.4
102.8
108.0
97.5
p 103.8
97.2
85.6
94.1
97.1
107.2
112.7
69.7
30.3
111.0
89.8
73.0
100.5
74.0
83.7
78.5
60.9
109.4
112.5
98.1
114.7
94.4
99.7
88.9
98.5
96.8
84.7
,83.2
86.2
93.
96.1
62.9
29.5
96.5
82.0
58.8
79.0
108.6
78.0
59.1
118.8
121.4
101.3
126.6
102.9
108.1
97.5
103.9
97.2
85.6
98.5
98.0
109.6
112.9
71.9
30.3
111.0
90.5
73.0
102.8
78.4
108.5
78.4
59.8
118.2
118.6
101.3
126.4
102.9
108.1
97.4
"103.9
97.2
85.6
98.5
97.6
109.1
112.7
70.0
30.3
111.0
90.2
73.0
101.6
13.226
12.682
13.216
13.254
4.782
4.618
4.724
4.773
4.858
4.775
4.939
.194
21.27
.156
19.0G
.200
'20.95
.189
.140
.118
.35
.141
.138
.37
.86
1.00
.85
.74
.85
.71
.85
.98
.84
.85
.96
.84
1.22
1.08
1.10
1.03
1.20
1.15
1.16
1.10
1.11
1.11
5.60
5.01
5.42
5.06
5.84
5.26
5.51
5.09
.128
.139
. 137
.104
.114
.113
.126
.143
.141
.127
(a)
.139
13.63
13.13
13.13
14.39
6.00
13.28
11.24
12.01
11.94
10.94
4.41
10.75
13.22
13.48
13.60
14.13
6.84
13.72
13.11
12.99
13.00
14.27
6.11
13.85
31.36
28.03
31.35
31.51
.209
.171
.213
.210
1942
1941
June
June
-•21.82
Wholesale pi ices of individual § commodities—Con.
Petroleum and products:
Gasoline, tank wagon (N. Y.)...dol. per gal.. 0.186
.058
Gasoline, refinery (Okla.)
do
.063
Kerosene, water white, 47°, refinery
do
Potatoes, white (N. Y.)
dol. per 100 lb 2.919
3.10
.644
.165
.496
Wool, raw, Ohio and Penna. fleeces d o . . .
Purchasing power of the dollar:
Wholesale prices
1923-25=100... 102.0
101.5
Retail food pricest
do...
95.4
Prices received by farmers
_..
.do
104.3
Cost of livingt
do...
CONSTRUCTION AND HEAL ESTATE
Contract awards, F. W. Dodge Corp. (37 states):
Total projects
number. 33,100 49,637 40,557 51,863
Total valuation
thous. of dol. 943,796 577,392 673,517 1,190,164
Building, total
d o . . . 616,448 125,661 445,849 753,856
FINANCE
Banking:
Bank debits, total (141 cities) ...mil. of dol
New York City
do...
Outside New York City
do...
Security markets:
Bonds:
Prices:
Average price of all listed bonds (N. Y.
S. E.)-~, dollars.
Domestic
.
do...
Foreign..
...do...
Value, issues listed on N. Y. S. E.:
Face value, all issues
mil. of dol...
Domestic
do_.
Foreign
do...
Market value, all issues
do..
Domestic
do...
Foreign...
do...
Stocks:
Prices:
Average price of all listed shares (N. Y.
S. E.)
..Dec. 31, 1924=100.
Shares listed, N . Y . S. E.:
Market value, all listed shares.mil. of dol.
Number of shares listed
millions.
46,689
17,391
28,295
95.76
97.49
61.68
95.04
98.92
47.11
95.64
97.46
61.16
95.50
97.28
61.72
63,992
60,903
3,089
61,278
59,372
1,905
56,041
51,836
4,205
53,260
51,279
1,981
61,956
58,852
3,105
59,258
57,359
1,899
61,899
58,804
3,096
59,112
57,201
1,911
34,444 41,654
1,471 1,463
32,914
1,469
33,419
1,470
46.6
45.3
FOODSTUFFS
Stocks, cold-storage, end of month:
Butter, creamery
thous. oflb.
Cheese, total
do...
Eggs:
Shell
thous. of cases.
Frozen
thous. oflb.
Fish, total (15th of month)
do....
Total meats
mil. of lb.
Beef and veal
thous. oflb.
Lamb and mutton._.
do...
Pork, total
do...
Fresh and cured..
do...
Lard
_
_
do...
Poultry
do...
194S
April
45,659 ' 40,961 44,201
17,110 16,288 16,985
28,549 '24,673 27,216
May
148,637 178,493 64,720 117, 111
295,672 168,420 222,637 261,935
7,734
290,505
81,346
629
81,850
5,514
531,713
432,566
99,147
79,165
65,708
3,211
959,146
918,866
340,280
81,206
1942
1941
June
June
6,641
195,187
73,432
761
6,945
223,831
55,036
775
99,075
5,711
677,844
559,849
117,995
80,242
7,935
278,499
63,411
721
81,556
5,313
624,433
622,173
102,260
79,200
1942
April
May
EMPLOYMENT AND WAGES-Continued
National Industrial Conference Board:
Wages—Continued.
Average weekly hours per worker in factories
Factory average hourly earnings—Continued.
41.7
42.8
hours..
U. S. Dept. of Labor—Continued.
42.8
42.7
Factory average weekly earnings
dollars . 39.53 34.26 38.68 '39.00
Durable goods—Continued.
0.911
.818
.917
Metals, nonferrous and products.dollars.. 0.923 0.794 0.897
Factory average hourly earnings.
do....
'.906
'.981
.861
'.994
.999
Brass, bronze, and copper prod.-do...,
Labor conditions:
'.767
.717
.771
.780
Stone, clay, and glass products d o . . .
Average weekly hours per worker in factories:
.689
.G42
'.700
.707
42.6
Brick, tile, and terracotta
do....
41.3
U. S. Dept. of Labor (90 industries) hours
42.6
42.4
'.834
.780
.835
.836
Wages: ... .
.
Glass
do...
1.057 '1.069
.976
1.071
Factory average weekly earnings;
Transportation equipment
do._
'.975
.797
'.989
.996
37.99 31.88
U. S. Dept. of Labor (90 industries). .dollars.
Aircraft*
do...
36.63
'37.43
1.133
1.142
1.063
1.137
44.06 36.91 42.57 ' 43.40
Automobiles..
do...
Durable goods
do
1.080
1.090
.954
1.092
28.23 25.11 27.78 '28.24
Shipbuilding*
do...
Nondurable goods
..do
.714
.722
.650
.727
Nondurable goods
.do...
Factory average hourly earnings:
.900
.917
.824
.930
Chem., petroleum, and coal prod__do
U. S. Dept. of Labor (90 industries).-..do....
.840
.831
.819
.973
.988
.866
.900
Chemicals
do...,
.923
.933
.826
.910
Durable goods
-do
.847
'.856
.780
.862
Paints and varnishes
do...,
.933
.926
.937
Iron and steel, etc., not incl.mchy.do
1.103
1.098
1.020
1.102
Petroleum refining...
do
Blast furnaces, steel works, and rolling
'.812
'.808
.722
.812
Rayon and allied products
do
.964
1.000
.996
mills
dollars..
.732
.741
.672
.743
Food and kindred products
do
.737
.793
.783
Hardware
do
.706
.717
.665
.731
.836
Baking
do
.903
'.894
.90S
Struct'I and ornam'l metal work..do
.800
'.800
.738
.807
.660
.745
Slaughtering and meat packing..do
.738
.738
Tin cans and other tinware
do
.678
.682
.599
.685
.659
.570
Leather and its manufactures
do
'.644
'.632
Lumber and allied products
do—
.660
.573
.652
.670
.597
Boots and shoes..
do—
'.677
'.667
Furniture
do
.876
.826
.886
.64G
. 552
Paper and printing
do
'.620
'. 606
Lumber, sawmills—
.:-••_..do—
.777
.952
.716
.795
.832
Paper and pulp
:
do
'.942
'.930
Machinery, excl. transp. equip
do.
'.916
'.902
.836
.926
1.002
.886
gric'l implements (incl. trac's).. do
'.955
.986
Rubber products...
do—
1.096
1.084
1.037
1.103
.920
.842
.913
.918
Jlectrical machinery, etc..
do
Rubber tires and inner tubes do
.604
.599
.534
.603
1.137
\974
Engines, turbines, etc
do
1.146
' 1.138
Textiles and their products
do....
.592
.583
.522
.595
.921
.819
Foundry and machine-shop prod .do
'.910
.900
Fabrics
do....
.627
'.632
.559
.618
.974
Machine tools*
do..i.
.831
.965
.944
Wearing apparel
..do—
.565
.554
.799
.617
.575
Radios and phonographs
.do
.664
.785
'.770
Tobacco manufactures
do....
' Revised.
* Preliminary.
• No quotation.
* New series. See note on corresponding item in the July 1942 SURVEY.
5Of the wholesale price series for individual commodities published regularly in the SURVEY, only those which showed changes from June to July are included here.
Revisions In 1942 data for other series: Hams, smoked, Chicago-May, $0,300, June, $0,295; Southern pine flooring, B and better, April, May and June, $55.00.
@FedFRASER