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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