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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C , AUGUST, 6, 1942
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION

200

TOTAL FREIGHT CARLOADINGS

ELECTRIC POWER PRODUCTION

H935-39" 100)

(THOUSANDS OF CARS)

(BILLIONS OF KILOWATT HOURS)

1942 •

160
1941 -*-

—-""—1

160
140
ISO

/y

V

1940

\
\

100

i

,

.

i

.

.
FACTORY EMPLOYMENT AND PAYROLLS

INCOME PAYMENTS
(SEASONALLY ADJUSTED 1935-39-100)

200

200

MONTHLY DATA

180

180

160

160

140

140

(1923-25-100)
MONTHLY DATA

PAYROLLS .

,

(UNADJUSTED; ^ ^ . ^ V ^

120

- .

80 , , i . . 1 . . i , , ,
1939

^^-EMPLOYMENT
-

100

*

100

/ ^

120

- ^

i ,, I

. . 1 . . 1 . . 1 . .. . 1 . . 1 , . 1 . ,' 80

1940

1942

1941

(ADJUSTED)

^

i

.....1 .....

1939

1941

WEEKLY BUSINESS STATISTICS*
1943

1941

1943

Aug.l July 25 July 18 Aug. 2 July 26
Commodity-prices, wholesale:
All commodities
1926=100.
Farm products.....
do._.
Food
„
do...
Allother.
„
do.
28 basic commodities©. -August 1939=100..
Cotton, mid., »?i©"f 10 mkts.J dol.perlb..
Wheat, No. 2,hd. win. (K. C.)._dol.perbu_
Department store sales
1935-39*100.
Finance:
Bank debits, member banks 101 cities: 1
Total
milofdol...
New York City
do.—
Currency in circulation
do
Federal Reserve bank credit, total do
Member bank reserve balances
do
Excess reserves, estimated...
__do

P98.4 *98.3
105.4 104.9
98.9
98.3
P95.9 »95.9
166.4 166.3 167.6
.196
.192
.187
1.07
1.07
1.10
93
92

86.7
84.6
90.0
149.9
.165
.98
87

87.
85.5
90.2
151.3
.164
1.01
102

8,648 9,386 9,766 8,255 8,760
3,221 3,444 3,963 3,313 3,530
12,682 12,557 12,514 9,719 9,638
3,237 3,196 3,227 2,245 2,248
12,545 12,551 12,042 13,097 13,117
2,200 2,296 2,065 5,155 5,181

1941

Aug.l July 25 July 18 Aug. 2 July 26
Finance—Continued.
Federal Reserve reporting member banks:
Deposits, demand, ad justed... mil. of dol.. 26,670 26,313 25,822 24,544 24,381
33,512 33,396 33,338 28,771 28,646
Loans and investments, total..
do
IT. S. Govt. obligations^
do.... 19,387 19,218 19,110 14,588 14,593
Commercial, industrial, and agricultural loans
.mil. of dol... 6,432 6,430 6,481 6,047 6,011
190
Failures, commercial
number..
253
167
190
168
3.29 3.29
Bond yields (Moody's)t-..
percent..
3.35
3.34
84.6 . 84.4
Stock prices (St. & Poor)A—1935-39=100..
67.7
Production:
Bituminous coalt
thous. of short tons..
1,842 1,850 1,779 1,817
3,626 3,565 3,263 3,221
Electric power
mil. of kw-hr..
3,691 3,713 3,695 3,870
Petroleum!
thous. of bbl_.
Steel©...
._ .1935-39=100.. 184.6 187.8 188.6 180.6 177.7
857
856
883 . 898
Freight carloadings, total
thous. of cars..
368
364
Miscellaneous
_
...do

•Data 36 not cover'Calendar weeks uTall eases.'"'Preliminary.
©Thursday pricesT JDaily average.
©Index for week ended August 8,183.6.
^Debits to demand deposit accounts, except interbanks and U. S. Government accounts, in 101 cities.
cf Direct and guaranteed.
A402 stocks.

MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement

1943

1941

July

July

1943
May

June

Earlier data are available in monthly issues of
the Survey and the 1940 Supplement

COMMODITY PRICES

FINANCE-Continued

Prices received by farmers:
U. S. Department of Agriculture:
Combined index
1909-14=100..
Chickens and eggs
do
Cotton and cottonseed
,_do.
Dairy products...
do....
Fruits
.do.
Grains.
_
do.
Meat animals
do
Truck crops...
do
Miscellaneous
do.

Stock prices—Continued.
New York Times (50 stocks)....dol. per share
Industrials (25 stocks)
do...
Railroads (25 stocks)...
..do...
TRANSPORTATION
Freight-car loadings (A. A. R.):l
Total cars
_._j
-thousands
Coal.
_do__
Coke
do..
Forest products
do_.
Grains and grain products
do..
Livestock
do..
Merchandise, I. c. 1
_
__ " " d o "
Ore
do..
Miscellaneous
.do..
Freight-car surplus, total...
_
do..
Boxcars
do..
Coal cars
_
do..

154
145
155
144
131
115
192
200
139

FINANCE
Stock prices:
Dow-Jones A Co., Inc. (65 stocks)
dol. per share
35.54
Industrials (30 stocks)
do
106.94
Public utilities (15 stocks)
.do
11.75
Rails (20 stocks)
" . d o " " 25.63
I Revised.
\ Data for May are for 5 weeks; other months, 4 weeks.




151
'120
107

152
134
159
143
131
120
189
152
138

151
137
153
141
148
116
191
169
134

43.01
127.57
18.48
29.60

33.12
98.42
11.68
24.29

34.20
103.75
11.93
23.59

125
127
121
132

1942

1941

July

July

May

1943

73.26
129.42
18.71

92.24
162.57
21.92

68.30
119.25
17.35

71.07
125.05
17.10

3,322
605
54
203
194
40
346
363
1,517
71
46

3,413
578
53
174
230
3S
603
313
1,425
67
27
20

4,171
830
70
245
174
62
492
420
1,878
70
42
10

661
57
204
154
45
378
359
1,528
82
55
9

June

MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement

1943

1941

June

June

1943
April

May

Earlier data are available in monthly issues of
the Survey and the 1940 Supplement

1941

June

June

1942
April

May

TRANSPORTATION

BUSINESS INDEXES
Income payments: t
Indexes, adjusted:
Total income payments
... 1935-39=100.. * 165.4
p 179.9
Salaries and wages-.
...do
163.0
Total nonagricultural income
do
Total
mil. of dol-. 9,537
Salaries and wages:
Total
._
do---. P 6 , 4 7 0
Commodity-producing industries
mil. of dol.. P 2 , 9 7 4
Work-relief wages
do
P87
Direct and other relief
...do
Soc.-sec. benefits and other lab. inc
do....
Dividends and interest
_.
...do—.. 1,146
Entrepreneurial income and net rents and
royalties
mil. of dol_. p 1,667
P8,651
Total nonagricultural income
do

137.0
146.0
137.9
7,937

161.5
172.1
158.3
8,802

162.7
175.3
160.3
' 8,622

Financial operations (class I steam railways):
Operating revenues, total
.thous. of dol.
Freight
....do...
Passenger
do...
Operating expenses
...do
Net railway operating income.._
_ _.do._.
FUELS AND BYPRODUCTS

5,242

6,066

'6,251

2,307
104
93
159
1,114

2,781
68
92
171
810

1,329
7,334

1,663
7,965

' 2,898 Coke:
Production:
'58
Beehive
thous. of short tons.
'89
Byproduct
.
do...
166
Stocks, end of month:
'485
Byproducts plants, total
do...
At furnace plants
do...
' 1,631
At merchant plants
do...
'7,800

CONSTRUCTION AND REAL ESTATE

• LEATHER AND PRODUCTS

Construction cost indexes:
Federal Home Loan Bank Board:
Standard 6-room frame house:
Combined index
1935-39=100.
Materials
....do...
Labor
do
Real estate:
Estimated new mortgage loans by all savings
and loan associations, total...thous, of dol..
Classified according to purpose:
Mortgage loans on homes:
Construction
..
do
Home purchase
do
Refinancing
1
^...do
Repairs and reconditioning
do
Loans for all other purposes
^_..do
Classified according to type of association:
Federal.
_
thous. of dol_.
State members
do
Nonmembers
do

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...
Government shoes*
.
do...
Civilian shoes:
Boys' and youths'
do...
Infants'
do...
Misses' and children's
do.. .
Men's
do...
Women's
do...
Slippers and moccasins for housewear
tnous. of pairs.
All other footwear.
do...

123.5
121.3
127.8
94,095

122.3
120.5
125.9

122.8
121.0
126.4

133,640 99,047

95,009

112.4
109.2
118.6

15,930 44,207
52,112 55,993
15,184 17,891
3,566 5,633
7,303 9,916

20,488
52,196
14,508
4,083
7,772

17,610
53,095
13,607
3,866
6,831

57,542
54,857
21,241

38,484
43,937
16,626

36,966
43,005
15,038

124.6
128.9
4, 531
••859
3,672

'129.3
' 133.4
'4,499
'858
' 3,641

406
•-239
373

170
422
1,220
'273
700
206
'520

'363
'249
'370
182
'443
' 1, 237
'290
'659
r 192
'514

139.8
10S. 0
150.1
139. 0
107. 3
149.3

M40.3
* 109.9
' 150.1
' 137.3
' 100.8
' 149.1

152. 5
'56.5
175.4
146. 5
16G. 1
134. 3
153. 1
136.2
149.8
160.1

' 146. S
'56.8
' 162.0
'151.7
" 172.3
' ISO.4
' 155.8
'130.7
' 132.5
' 161. 2

35,279
44,265
14,551

DOMESTIC TRADE
Retail trade:
Chain-store sales, indexes:
Drug chain-store sales:*
Unadjusted
1935-39=100.. p 129.0 109.7
Adjusted
do...
136.0 116.1
4,446 4,606
AU retail stores, total sales*
mil. of dol.
1,484
840
Durable goods stores*..
do
3,605 3,128
Nondurable goods stores*
do
By kinds of business:*
354
300
App.areL.
do
263
891
Automotive
...do...
352
339
Building materials and hardware^
do...
182
149
prug
__.do--438
344
Eating and drinking.
do...
1,248
997
Food stores
do...
279
311
Filling stations
do...
649
601
General merchandise
do...
176
203
House furnishings
do...
506
'470
Other retail stores
do.,.
r
All retail stores, indexes of sales:*
146.0
137.3
Unadjusted, combined index...1935-39=100.
Durable goods stores
do
190.3
105.8
131.7
147. 5
Nondurable goods stores
do...
139.0
135.4
Adjusted, combined index
do...
Durable goods stores
do...
163.9
100.0
130.9
146.9
Nondurable goods stores
do...
By kinds of business, adjusted:*
Apparel
do...
125.7
J42.7
172.9
62.1
Automotive..
do...
152.7
Building materials and hardware
do...
152.5
127. 6
155.6
Drug
do...
136.7
Eating and drinking.
do...
174.1
129.7
121.2
Food stores
do...
135.5
156. 3
Filling stations
do...
122.7
127.3
General merchandise
do...
149.9
124.6
Bouse furnishings
do...
149.1
154.3
Other retail stores,...;
...do
EMPLOYMENT AND WAGES
Employment*
Employment estimates, unadj. (U. S. Dept.
of Labor):*
Civil nonagri. empl. total
thousands. 41,415 39,475
Employees in nonagri. estab., total
thousands- 35,272 33t 332
Manufacturing
. . . d o . . . 13,146 12,154
Minin?
do...
876
851
Construction
.
do...
1,816
2,073
Transportation and public utilities
3,239
3,417
thousands.
6,582
6,861
Trade
do...
4,314
4,260
Financial, service, and misc
do...
4,126
Government
.do...
FINANCE
Life insurance:
Association of Life Insurance Presidents:
Premium collections, total®., .thous. of dol. 277,578 272,173
Annuities..
do.-. 25,654 29,859
Group
do... 15,783 12, 520
Industrial
do... 64,014 61,120
Ordinary
_
do... 172,127 168,674

40,874

1

34, 731
12,945
861
1,928

•35,120
1
13,046
'800
'2,077

3,343
6,679
4,206
4,709

' 3,385
'6,667
' 4,309
r 4, 776

41, 263

276,007 270, 516
23,113 25,363
14,968 14,496
66,272 59,133
171,654 171,524

* Revised.
p Preliminary.
*Ncw series. See note on corresponding item in the July 1942 SURVEY.
t Revised series. Sec note on corresponding item in the July 1942 SURVEY.
1 Data for June 1942 are for 5 weeks; other months, 4 weeks.




1942

623,687
501,343
82,268
378,472
118,731

:55,023 572,531
S77,534 468,007
44,832 66,116
\ 756
93,261 L02,034

601,002
487,982
74,345
375,440
109,628

695
5,118

595
4,842

655
5,059

700
5,276

1,405
969
435

1,428
849
578

1,448
963
485

1,432
975
457

39,152 40,463 45,590
471
477
620
300
391
535
854 1,056
545
32,966 33,231 38,362
3,499 1,215 3,858

40,771
'504
'478
'8S3
34,046
' 3,614

1,452 1,683 1,526
2,124 2,549 2,372
3,603 3,872 3,751
8,170 9,734 9,730
14,119 14,177 17,127

' 1,412
' 2,187
'3,344
' 8,557
14,932

1,004

4,474
1,134

3,607
1,410

' 3, 577
'1,283

mil. bd. ft.
do...
do...
.do...
do...
do...
.do...
do...
do...

2,861
375
2,486
3,053
430
2,623
4,843
1,268
3,575

2,795
385
2,410
2,884
420
2,464
6,650
1,488
5,162

2,645
386
2,259
3,087
383
2,704
5,235
1,349
3,886

2,680
379
2,301
2,955
415
2,540
5,004
1,313
3,691

do...
do...
do...
do...
do_._

832
871
791
848
881

1,076
824
850
898
1,747

995
943
797
992
1,007

795
887
782
851

do...
do...
do...
do...
do...

648
665
677
613
1,293

637

667
609
470
529
1,275

554
630
487
533
1,229

do...
do...
do...
do...
.do...

918
1,067
761
864
756

1,030
1,029
747
877
875

958
1,097
780
863
835

short tons. 840,589 805,562 912,434

906,049

LUMBER AND MANUFACTURES
National Lumber Mfrs. Assn.: f
Production, total
.
Hardwoods
Softwoods
Shipments, total
. Hardwoods
Softwoods
Stocks, gross, end of month, total
Hardwoods
.
Softwoods.
Softwoods:
Southern pine:
Orders, newt
Orders, unfilled, end of month
Production!
Shipmentst-.
Stocks, end of month
Western pine:
Orders, newtOrders, unfilled, end of montht
Production!
Shipments!
Stocks, end of month
West coast woods:
Orders, newt
Orders, unfilled, end of month
Productiont
Shipments!
Stocks, end of month

552
1,593
771
814
703
761

PAPER AND PRINTING
Wood pulp:
Production:
Total, all grades
Chemical:
Sulphate, total
Unbleached
Sulphite, total..
Bleached
Soda
Groundwood
Stocks, end of month:
Total, all grades
Chemical:
Sulphate, total
Unbleached
Sulphite, total
Bleached
Soda
Groundwood

.

do...
do...
...do...
do...
do...
do...

394,702
342,983
253,078
148,830
45,484
147,325

366,050
305,192
239,069
144,503
51,857
148,586

412,784 428,479
359,315 374,412
265,639 259,072
150,657 147,791
54,368 52,461
179,643 166.037

do... 168,700 163,400 131,000
do...
do...
do...
do...
do...
do...

29,700
23,300
40,200
23,700
4,600
94,200

' 162.000

26,000 16,200 '23,500
20,400 12,100 ' 17, 700
60,900 29,400 '41,800
41,700 16,100 25,700
6,500 3,300
4,400
70,000 82,100 92,300

TEXTILE PRODUCTS
Wool:
Consumption (scoured basis) :f
Apparel class
thous. of lb. 53,495 41,816 44,740 '44,320
4,270 11,260 2,544
3S8
Carpet class
_
..do...
Machinery activity (weekly average):!
Looms:
Woolen and worsted:
2,068 2,591 2,754 ' 2 , 7 8 9
Broad
..thous. of act. hrs.
93
81
86
77
Narrow
do...
'144
136
260
129
Carpet and rug
do...
Spinning spindles:
Woolen
do... 119,562 110,590 125,659 125,175
Worsted
do... 115,231 125,606 114,464 116,750

U.

S.GO