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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 7, 1941
SUMMARY OF BUSINESS TRENDS
"DUSINESS activity in July continued to move ahead in the
-L* face of growing restraints imposed on many sectors of the
economy by expanding defense requirements. Industrial production again advanced on a seasonally adjusted basis, though
the absolute gain in the aggregate was not large. Industries
such as steel, automobiles, and anthracite coal reduced output
somewhat, but the decline in every instance was smaller than
that usual in past seasons.
Output of consumers' durables started the tapering off process
induced by an increasing shortage of basic metals relative to the
demand. Automobile production, nevertheless, remained high
for the model year end. About 450,000 units were produced
(including a small Canadian output), as contrasted with 546,000
in ~June--and 246,000 irTJuly of last year. Many of the smaller
civilian goods industries heavily dependent on the nonferrous
metals now have cut output very extensively.
The small decrease in steel output during the month was
attributed in part to shortages of scrap and pig iron, which
may be substituted for one another to some extent in the
production process. Looking to the future in this respect, the
Office of Production Management has now recommended the
addition of 6,500,000 tons of pig iron capacity. Shipments of
iron ore from the Upper Lake ports continue to be the heaviest
in history. In July 11,400,000 tons were moved, bringing the
total thus far for the season to more than 40,000,000 tons, 45
percent in excess of the volume carried by this time in 1940.
For the most part, transport facilities remained adequate as
freight loadings again approached 900,000 weekly. An exception was provided in the case of petroleum, as the transfer of
tankers to British use began to be felt on the Atlantic seaboard.
Prices continued their rise in July, but at a reduced pace. The
Bureau of Labor Statistics1 index was up from 87.7 to 88.8—
now above the 1937 peak. To stem more effectively the price
advance, legislation has been introduced into Congress to
expand the price control powers, of the President. The legislation would make legally enforceable any price or rent ceilings
established, as well as legalizing other methods of implementing
price control.
Of considerable importance to domestic producers was the
creation of a new Economic Defense Board. This Board, in
addition to developing new activities, will coordinate the licensing
of exports, the control of foreign funds and assets, the allocation
of shipping facilities, and the preclusive buying of the Metals
Reserve and other agencies.
SELECTED BUSINESS INDICATORS
ELECTRIC POWER PRODUCTION
STEEL INGOT PRODUCTION
.
120
(PERCENT OF CAPACITY)
too
80
3.0
2.5
40
2.0
20
(THOUSANDS OF CARS)
IOOO
900
3.5
€0
FREIGHT- CARLOADIN6S
(BILLIONS OF KILOWATT HOURS)
4.0
1941
800
1.5
AUTOMOBILE PRODUCTION
BITUMINOUS COAL PRODUCTION
MISCELLANEOUS CAR LOADINGS
(THOUSANDS OF VEHICLES)
(DAILY AVERAGE-THOUSANDS OF TONS)
(THOUSANDS OF CARS)
CRUDE OIL RUNS-TO-STILLS
COMMERCIAL LOANS
^MILLIONS OF BARRELS - DAILY AVERAGE)
5.0
4.5
(PILLIONS
OF
DOLLARS)
F.H.A. HOME MORTGAGES
(NUMBER SELECTED FOR APPRAISAL ON HOMESTOBE BUH.T
toooo
eooo
4.0
1941 ,
6000
3.5
4000
1939
3.0
2.5
2000
WEEKLY WHOLESALE PRICE INDEX, ALL COMMODITIES
PRICES OF 3 5 0 INDUSTRIAL STOCKS
(1926- 100)
(INDEX. 1926-100)
I l I I t I I I I t t I i i I i I l'i
1938
404301—41
1939
t I i t I i t I i i I i . I • i I . , I , , I , , I
1940
1941
1938
1939
I94O
1941
WEEKLY BUSINESS INDICATORS*
[Weekly average, J923-25=100, except as Indicated}
1940
1941
1939
Aug. July July July July
2
26 19 12 5
Aug. J u l y J u l y J u l y J u l y Aug. J u l y Aug. July
2
26
19
12
5
Business activity:^
New York Times§
Barrons'
-Business Week
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, electrolytic!- _
Cotton, middling, spot.
Construction contracts!___
Distribution:
Carloadings
Department store sales A
Employment, Detroit, factory. _.
Finance:
Bond yields!
133.3 131.5 128.6 130.5 106.8 107.3 96.1 96.9
141.0 139.3 139.2 138. 5 109.6 110.0 95.6 95.2
160.8 160.4 158.6 158.3 128.1 128.0 104.6 105.1
88.8
86.7
84.6
90.0
161.3 149.9
88.3
85.4
83.8
89.7
147.9
88.1
85.0
84.1
.5
147.7
87.7
84.1
84.1
1.2
146.1
77.0 77.3 75.1 74.8
65.2 66.0 62.5 61.4
69.1
67.2 66.7
82.3 82.4 80.5 80.4
106.9 106.6
96.5 95.9 95.4 95.1 94.3 81.2 81.6 78.6 78.6
85.5 76.8 75.4 73.2 72.5
85.5 85.5 85.5
56.6 38.2 38.2 35.3 35.3
62.1 65.1 60.7
110.7
73.7
94.2 94.4 92.0 77.7 75.4 75.4
93
69
81
86
87
115.3
64.1
68.8
66
77
59.5
Finance—Continued.
Stock prices!
Banking:
Debits, outside N. Y. C.I—.
Federal Reserve reporting
member banks:
Loans, total..
_
Interest rates:
Call loans!
Time loans!..
Currency in circulation!
Production:
Automobiles
Bituminous coal
_
Cotton consumption J
Electric powercf
Lumber
_
Petroleum!
Steel ingots®
-Receipts, primary markets:
Cotton
Wheat.._
Aug. J u l y
5
29
96.0 95.3 94.8 92.2 95.2 92.5 105.5 105.6
2 122,9 125.9 117.5 143.1 87.6 92.0 95.1 85.8
84.6 84.0 84.2 83.6 83.6 .68.1 68.1 65.3 65.6
24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6
200.1 198.5 198.6 199.4 199.6 162.7 161.8 145.6 144.6
79.0 134.4 139.8 145.4
105.3 104.0 93.5
201.2 189.2
149.5 148.5 147.5
72.2 65.0 55.0
191.9 182.3 192.0
175.2 172.2 171.0 170.3
122.7
79.6
193.8
134.6
46.0
181.4
164.8
22.1
80.4
128.6
129.7
59.9
173.2
155.0
44.3
79.2
129.1
129.6
63.0
183.0
151.3
42.7
72.2
124.5
112.7
55.2
193.8
101.9
58.9
72.6
124.9
113.9
)9.4
175.5
104.1
35.0 82.7 66.2 46.2 48.5 26.2 30.0 58.8 44.2
57.0 57.0 67.2 57.2 57.4 61.5 61.7 62.7 62.9
207.5 260.2 319.3 401.6 247.6 130.8 248.7 110.3 148.6
• D a t a do not cover calendar weeks in all cases.
ISeasonably adjusted.
IDaily average.
d"Weekly average ,1935-39=100.
$ Computed normal=100. Index revised beginning Jan. 8,1938; revised data not give in the issue for Jan. 23,1941, and subsequent issues will be shown later.
® Index for week ended Aug. 9, is 172.9. Data for 1941 are based on production of steel ingots and steel for castings.
©Thursday prices: August 1939=100.
AWeekly average 1935-39=100. The index is compiled by the Board of Governors of the Federal Reserve System; it is not adjusted for seasonal variations.
WEEKLY BUSINESS STATISTICS*
1941
Aug. 2
July 26
July 19
1940
July 12
July 5
Aug. 3
July 27
1939
Aug. 6
July 29
1938
Aug. 6
COMMODITY PRICES, WHOLESALE
|
0.106
0.11S
0.104
0.118
0.118
0.118
Copper, electrolytic, New York!
dol. per lb._
0.118
0.101
0.099
0.100
.104
.160
.104
.154
.177
.169
Cotton, middling, spot, New York
do,,..
.165
.096
.083
.096
2.22
3.09
2.23
3.06
3.16
3.16
3.09
Food index (Dun & Bradstreet)
do
2.17
2.46
2.14
37.60
38.15
38.15
38.15
38.15
38.15
Iron and steel, composite
dol. per ton..
37.63
36.49
35.87
35.90
.71
.99
.98
1.01
.97
Wheat, No. 2, Hard Winter (Kansas City).dol. perbu..
.67
.62
.67
Banking:
FINANCE
3,600
2,763
3,166
Debits, New York City
.mil. of doL.
3,347
4,936
3,380
3,863
3,630
3,296
3,018
4,539
6,636
5,697
5,385
Debits, outside New York City (140 cities)
do.__.
4,060
5,835
4,412
3,977
3,965
4,267
Federal Reserve banks:
2,249
2,484
Federal Reserve bank credit, total
do
2,294
2,245
2,512
2,491
2,273
2,248
2,476
2,574
2,184
2,448
U. S. Government securities
do
2,184
2,184
2,184
2,450
2,488
2,453
2,184
2,564
12,971
13,498
13,117
Member bank reserve balances
do
13,223
13,097
13,565
10,413
13,125
10,436
8,074
5,124
5,181
Excess reserves, estimated
do
6,514
5,336
5,155
6,570
4,462
5,265
2,924
4,485
Federal Reserve reporting member banks:
24,381
Deposits, demand, adjusted.
do
20,984
23,920
24,260
24,544
20,984
23,949
17,462
14,951
17,601
5,414
Deposits, time
.do
5,425
5,416
5,320
5,419
5,420
5,314
5,243
5,193
6,237
18,142
18,028
18,054
Investments, total §
do
17,872
15,461
18,199
15,433
14,078
12,395
13,941
11,291
11,259
11,285
11,255
U. S. Government direct obligations...
.do
9,457
11,279
9,452
8,515
7,655
8,514
Obligations fully guaranteed by U. S. Govern3,212
3,221
3,302
ment..
...mil. of dol__
2,418
3,038
3,309
2,241
2,419
2,168
1,646
Loans, total$
>.
do
10,453
10,504
8,517
10,453
10,523
8,514
10,572
8,194
8,166
8,165
Commercial, industrial, and agricultural loans 5
6,011
5,933
4,441
5,895
mil. of dol—
4,462
5,988
6,047
3,899
3,887
3,865
1.00
1.00
Interest rates, call loans!
__.percent..
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.25
1.25
1.25
1.25
1,25
1.25
1.25
Interest rates, time loans!
do
1.25
1.25
1.25
M.035
° 3.852
-3.856
« 4.032 -4.030
°4.031
Exchange rates: Pound sterling!
dollars.. M.033
4.681
4.899
4.681
184
253
233
271
193
190
Failures, commercial
—.number..
216
277
291
7,901
9,646
Currency in circulation!
_.„
mil. of doL.
7,857
9,719
6,475
7,020
7,068
Security markets:
51,030
Bond sales (N. Y. S. E.)
thous. of doL par value..
28,520
41.530
42,880
22,210
40,300
18,240
31,350
27,120
28,650
Bond yields (Moody'a) (120 bonds) %
..percent..
3.30
3.31
3.30
3.29
3.55
3.29
3.56
3.63
3.62
4.09
Stock sales (N. Y. S. #.),__
thous. of shares..
5,294
1,657
3,014
4,677
2,231
4,544
1,275
5,063
4,267
4,830
92.04
89.51
92.57
93.21
Stock prices (iV. Y. Times)%^.
__dol. per share92.49
93.64
89.79
102.69
102.46
100.19
78.9
Stock prices (Standard and Poors) (420)....1926=10076.2
79.0
80.1
78.3
75.8
89.9
80.1
89.2
90.0
93.3
Industrials (350)...
do....
89.7
93.4
90.1
87.0
95.0
104.9
94.9
107.7
104.9
70.1
69.2
70.3
Public utilities (40)
._
do....
81.4
79.7
70.5
88.5
70.1
89.9
74.9
27.8
26.7
27.8
25.2
Railroad (30)
._
do
24.3
28.4
27.4
28.5
27.1
27.3
PRODUCTION, CONSTRUCTION, AND
Production:
DISTRIBUTION
Automobiles?
_
__
..number..
96,457
105,635
34,822
17,373
109,912 114,318
62,146
46,329
33,550
14,771
1,355
1,793
1,348
1,370
Bituminous coal!
tbous. of short tons..
1,236
1,593
1,771
1,230
989
2,867
3,184
2,761
2,762
2,427
3,141
Electric powerA- m i l . ofkw-hr..
3,163
2,194
2,400
3,658
3,870
3,494
3,871
Petroleum!....
_„
thous. of bbl.3,318
3,676
13,909
93.7
97.9
90.4
39.8
60.6
96.8
99.6
Steel ingots®
pet. of capacity..
97.2
59.3
11,838
18,650
Construction contract awardst—
thous. of doL.
17,782
Distribution:
897,399 899,370 876,365 740,493 718,430 718,038 656,553 655,531 684,062
Freight-carloadings, total
cars.133,409 132,780 117,931 119,787
95,414
182,146 181,251 161,068
Coaland coke
do
106,606
36,610
32,451
47,441
Forest products
.do
31,933
36,078
37,287
44,774
44,252
41,357
51,514
40,822
55,277
Grains and grain products
do
42,270
46,024
50,921
61,396
62,697
9,116
11,276
11,591
10,034
Livestock
_.
«.
do
11,158
9,482
7,970
9,414
10,177
149,245
152,429
155,996 154,680 154,133 138,616 160,286 148,071 154,657
Merchandise, 1. c. 1
do —22,998
43,564
78,533
Ore
_
do
44,890
68,703
68,519
81,289
81,104
71,756
Miscellaneous
._
do
367,972 366,566 362,734 327,337 279,133 276,900 253,714 254,887 224,723
Receipts:
213
194
Cattle and calvost
thousands.,
194
187
161
156
230
Hogst
—
do
249
289
244
228
195
Cotton into sight
thous. of bales..
115
120
215
91
58
153
78
126
172
68
Wheat, at primary markets
thous. of bu..
13,873
31,947
11,819
19,787
8,773
19.697
25,397
10, 403
16.510
iDaily average.
•Data do not cover calendar weeks in all cases.
^Source: Ward's Automotive Reports.
° Free rate.
§Data for 1938 not strictly comparable with data for later years; see note on corresponding data shown on p . 51 of the 1940 Supplement.
® Rate per week ended Aug. 9 is 98.3; data for 1941 are based on capacity Dec. 31,1940, of open-hearth, Bessemer, and electric ingots and steel for castings.
f Receipts at Buffalo and Cincinnati are now included and receipts at Oklahoma City and Wichita, formerly included, are omitted.
AData revised beginning in the June 19,1941 issue to include certain additional governmental and industrial power generation not previously reported.
July 30
0.097
.087
2.47
36.43
.6S
2,871
3,503
2,583
2,564
8,188
3,036
15,160
5,200
12,395
1,640
8,161
3,869
1.00
1.25
4.920
6,436
40,000
4.11
7,961
100.37
88.9
106.9
75.5
27.9
31,890
1,002
2,160
3,316
37.0
12,643
588,697
104,152
27,870
60,706
10,829
147,928
23,123
224,089
90
18,717
MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
COMMODITY PRICES
Prices received by farmers (Dcpt. of Agr.):
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—
1941
1940
July
July
125
127
121
132
80
105
78
110
154
130
107
FINANCE
Stocks:
Dividend declarations (N. Y. Times):
Total
-_thous. of doL. 245,731
232,625
Industrials and miscellaneous
do
13,106
Railroads
do
Prices:
Dow-Jones «fc Co. (65 stocks)..dol. per share.. 43.01
Industrials (30stocks)....
___do—. 127.57
Public utilities (15 stocks)
do.... 18.48
Rails (20 stocks)
do..,. 29.60
New York Times (50 stocks)
_
do—. 92.24
162.57
Industrials (25 stocks)
do
Railroads (25 stocks)
. d o — 21.92
TRANSPORTATION AND
COMMUNICATION
Freight-car loadings (A. A. R.):J
Total cars
__
thousands.. 3,413
Coal
do
578
53
Coke
..do- .
174
Forest products
.do
230
Grains and grain products
.do...
38
Livestock...
do...
603
Merchandise, 1. c. 1
do—
313
Ore.
do—
1,425
Miscellaneous
do..^
BUSINESS INDEXES
95
June
112
107
98
124
118
118
107
126
97
96
144
146
138
146
93
J39,426 517,369 256,858
?23,372 476,792 238,515
16,055 40,577 18,343
39.99 39.73
119.46 116.44
20.15 17.30
24.66 28.25
89.17 84.71
159.61 149.00
18.72 20.42
2,822
474
41
126
203
41
569
275
1,092
1941
1940
June
June
Manufacturers* orders, ship., inventories*:
*»228
New orders, total
.Jan. 1939=100.
*328
Durable goods.
do....
Electrical machinery
do__.
Iron and steel and their products
do__.
J-310
Other machinery. _
do—
*419
Other durable goods...
_.
do.._
*164
Nondurable goods
do...
*190
Shipments, total
do...
J-230
Durable goods
do...
J-180
Automobiles and equipment
do._
P254
Electrical machinery
do...
J>236
Iron and steel and their products
do....
P474
Transp. equip, (exc. automobiles)
do...
P264
Other machinery._
do—
*>22l
Other durable goods
_.
do—.
P155
Nondurable goods
^
do--.
*>172
Chemicals and allied products
do—.
J>146
Food and kindred products.
do—.
Paper and allied products...
do—.
Petroleum refining
_
do.-Rubber products^.
do—*242
*• 181
Textile-mill products
_
do._.
Other nondurable goods
do—
*123
Inventories, total...
Dec. 31,1938=100. P128.3
Durable goods..
do— v 139.3
Automobiles and eq uipment
do... *141.8
Electrical machinery.....^—.____rido.-- »181.1
Iron and steel and their products
do... v 126.0
Trans, equip (exc. automobiles)
do-b- *408.3
other machinery
. d o - »141.6
Other durable goods
do..- »111.5
Nondurable goods
do...
1 2
Chemicals and allied products
do—
Food and kindred products
do— P 118.3
Paper and allied products
do— P I I O . 6
Petroleum refining
do—. v 101.2
Rubber products
_
.do—. P144.9
Textile-mill products
.do-b- v 132.0
other nondurable goods—.
.do— »108.0
EMPLOYMENT CONDITIONS AND
WAGES
Labor turnover in mfg. establishments:
6.31
Accession rate
mo. rate per 100 employees3.71
Separation rate, total
„
.do—.
.26
Discharges
_
.do—.
1.03
Lay-offs
...do..2.42
Quits and miscellaneous
_
do—
FINANCE
Installment loans to consumers:
By industrial banking companies:
52.5
Loans mado
mil. of dol.
47.5
Repayments
_
do—301.5
Amount outstanding, end of month
do—.
By personal finance companies;
85.3
Loans made..
_
do—
80.0
Repayments
...
do--.
519.3
Amount outstanding end of month
do—
r
Revised.
* New series. See note on corresponding item in the July
1 Data for May are for 5 weeks, other months, 4 weeks.
1941
May
133
157
168
161
159
144
118
126
140
1941
April
196
277
288
304
255
247
144
172
205
107
155
231
215
439
230
196
142
159
127
162
121
193
166
142
123.6
134.1
144.3
164.0
123.3
356.8
134.2
110.0
112.2
115.8
107.9
111.3
99.3
142.4
125.8
105.8
103
4.76
3.36
.14
2.32
.90
3,510
642
54
175
172
39
638
301
1,490
4,161
676
64
205
184
57
795
387
1,792
153
152
180
157
137
114
121
114
142
112
159
92
108.6
111.8
95.9
115; 6
116.3
174.4
110.0
106.7
105.2
111.3
97.1
104.0
06.3
116.7
118.5
104.6
40.95
1?1.57
17.61
28.11
88.29
156.00
20.48
6.04
3.89
.25
1.19
2.45
May
••207
'290
'308
'307
'276
269
'154
'180
'219
172
244
'235
443
'235
'206
'146
'164
'131
168
'134
'214
'160
'129
' 126.3
' 137.4
' 144.1
'174.7
125.fi
381.2
'138.2
' 110.6
'114.4
' 115.5
' 114.2
' 109.5
'99.8
' 144.1
'128.5
' 106.7
'5.95
'3.86
.24
'1.08
2.54
47.0
42.6
278.3
50.7
47.5
291.5
51.6
46.6
296.5
79.1
70.3
471.0
84.9
80.3
506.1
88.9
81.0
514.0
1941 Survey.
Earlier data are availabe in monthly issues of
the Survey and the 1940 Supplement
1941
1940
June
June
FINANCE-Continued
Commercial failures:
970
Grand total
number..
36
Commercial service, total
do
51
Construction, total
..do
166
Manufacturing and mining, total
do
619
Retail trade, total
do
98
Wholesale trade, total
do—
Liabilities, grand total
thous. of dol- 9,449
Commercial service, totaL
do.
401
Construction, total
..do.
684
3,155
Manufacturing and mining, total.
do.
3,591
Retail trade, total-.
do.
Wholesale trade, total
do.
1,618
Security markets:
Bonds:
Prices:
Standard and Poor's Corporation:
Composite (60 bonds) -dol. per $100 bond..
85.8
Industrials (20 bonds)
do
90.4
Public utilities (20 bonds)
do.— 101.1
65.8
Rails (20 bonds)
do
129.2
Domestic municipals (15 bonds)
do
U. S. Treasury bonds
do.... 111.5
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value._-_—---.1 _thous. of dol . 95,055
173,215
Face value
do
On New York Stock Exchange:
78,266
Market value
do.
153,363
Face value
__-do.
Yields:
Standard and Poor's Corporation:
Domestic municipals (15 bonds) .percent2.08
1.91
U. S. Treasury bonds.
__-do.—
Stocks:
Prices:
Standard and Poor's Corporation:
Combined index (420 stocks). .1926-100..
75.3
88.3
Industrials (350stocks)
do....
111.3
Capital goods (107 stocks)
do
78.2
Consumer's goods (194 stocks)..do
69.8
Public utilities (40 stocks)
do.—
26.7
Rails (30 stocks)
do.. .
Sales (Securitiesand Exchange Commission):
Total on all registered exchanges:
Market value
thous. of dol— 11,012
Shares sold
thousands., 18,052
On New York Stock Exchange:
Market value
thous. of dol.. 350,146
Shares sold
thousands.. 13,740
Yields:
Preferred stocks, Standard and Poor's
Corporation:
4.97
Industrials, high-grade (20 stks.) .perocnt.
TRANSPORTATION AND
COMMUNICATIONS
Class I steam railways, financial operations:
Operating revenues, total..
thous. of dol. 155,023
Freight
do~-_ 377,534
44,832
Passenger
...do
298,932
Operating expenses
do
62,829
Taxes, joint facility and equip* rents*—do
Net railway operating income
do.... 93,261
CHEMICALS AND ALLIED PRODUCTS
Alcohol, denatured:
Consumption
thous. of wine gaL 15,614
Production..
do... 15,387
1,095
Stocks, end of month
do...
Alcohol, ethyl:
Production
thous. of proof gal- 32,221
Stocks, warehoused, end of month
do.-- 10,393
Withdrawn for denaturing
do— 27,830
3,224
Withdrawn, tax paid
...
do_.
Vegetable oils and products:
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of Ib. 25,583
Production
do... 25,083
Paint sales:
Calcimines, plastic and cold-water paints:
202
Calcimines
„-thous. of dol.
53
Plastic paints
do
Cold-water paints:
262
In dry form
do
392
In paste form.
.....do...
Paint, varnish, lacquer, and fillers:
52,112
Total
do
Classified, total
do.... 37,395
16,688
Industrial
do
20,707
Trade
do
14,717
Unclassified
-„..__ .do
Cellulose plastic products:
Nitro-cellulose, sheets, rods, and tubes:
242
Consumption
thous. of 1b.
1,387
Production
___..«_-1
do.
1,475
Shipments
rf
do.
Cellulose-acetate sheets, rods, and tubes:
18
Consumption
thous. of lb.
513
Production.
do.
523
Shipments*^
_
_
do.
Moulding composition:
2,45;
Production.
do.
2,264
Shipments t..._
_„..
do.
v Preliminary.
& Includes comsumption In reporting company plants.
X Excludes consumption in reporting company plants.
1941
April
1,114 1,149
48
35
61
70
207
191
685
745
113
108
13,734 13,827
1,100
573
984 1,120
4,953 4,421
5,314 3,970
1,383 3,743
78.5
84.7
98.7
52.0
114.6
104.8
May
1,119
40
63
181
735
100
10,065
647
913
2,777
4,765
85.8
90.2
101.1
65.9
126.8
110.8
86.0
90.1
101.2
66.7
'128.1
111.4
90,317 133,274
.34,597 269,892
9,252
74.484 [09,867
14,651 !42,720
100,577
196,932
2.85
2.39
2.20
1.96
2.14
1.92
73.3
84.8
104.1
80.0
75.1
22.7
73.8
85.6
106.0
78.7
71.2
26.9
73.0
85.6
105.7
76.3
67.5
26.7
560,465 U6,674
25,452 20,217
17,618
487,116 347,710
20,107 15,356
123,885
13,194
4.94
4.97
5.26
344,953
,
375,008
280682
280,682 305,230
35,936 38,348
252,507 274,938
' 44,355 47,501
48,09.' 52,569
9,625
9,707
1,662
442,286
370,903
37,493
296,590
57,065
88,630
12,451
12,654
1,511
14,889
14,714
1,329
21,423 26,248
21,799 11,330
17,490 22,789
3,380 2,449
29,606
10,000
26,526
3,012
19,517 30,579
19,870 32,179
26,853
27,693
247
43
342
55
207
316
266
36,271
25,828
9,776
16,052
10,443
60,029
35,160
15,246
19,914
14,869
56,055
40,636
16,337
24,299
15,419
21:
770
850
217
1,420
1,267
215
1,372
1,315
6
634
562
871
682
I
402
408
2,255
2,102
14
524
472
233
60
513
2,319
2,146
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
1940
June
June
1941
April
May
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
1941
April
June
METALS AND MANUFACTURES—Con.
Steel, manufactured products:
Barrels and drums, steel, heavy types:
1,214
Orders, unfilled, end of month
thousands.
1,619
Production
_
do...
1,619
Shipments
do...
Stocks, end of month
__do...
Boilers, steel, new orders:
Area
thous. of sq. ft.
1,580
Quantity
.number1,415
Furniture, steel:
Office furniture:
Orders, new.
-thous. of dol.
5,851
Orders, unfilled, end of month
do...
7,335
Shipments
.do...
4,095
Shelving:
Orders, new
do...
1,525
Orders, unfilled, end of month
do...
1,850
Shipments
„•_
_do._.
1,130
Nonforrous metals and products:
Brass and bronze (ingots and billets):
Deliveries...
short tons. 15,308
Orders, unfilled, end of month
do... 30,762
Machinery and apparatus:
Foundry equipment:!
New orders, net, total
1937-39=100. 281.1
New equipment.
do___
273.3
Repairs
_
_.
_do... 304.7
Electrical equipment:
Domestic appliances, sales billed:
Combined index, excluding refrigerators:*
Unadjusted index
1936=100.
Adjusted index
do...
Ironers, household
units. 20.2S3
Ranges*
do... 68,029
Refrigerators
do...
Vacuum cleaners, floor type
do... 146,889
Vacuum cleaners, hand typo
d o . . . 35,783
Washers, household
do... 18S,36o
Electrical products:
Industrial materials, sales billed. .1936=100.
Motors and generators, new orders
do...
Trans, and dist. equip., pew orders
do
Furnaces, electric, industrial, sales:
Unit
kilowatts. 11,626
Value
thous. of dol..
945
RUBBER AND PRODUCTS
Tires and tubes:
Pneumatic casings:
Production.
thousands-. 6,363
Shipments, total
..I
d o — 7,664
Original equipment
do
2,757
LEATHER AND PRODUCTS
Replacement equipment
do
Stocks, end of month
do
7,079
Leather manufactures:
Inner tubes:
Production, boots, shoes, and slippers:
Production
do
0,2S0
Total
___thous. of pairs. 39,726 28,121 42,841 ' 41,174
Shipments, total.
do
6,922
Athletic...
.do...
370
471
416
7,051
Stocks, end of month...
do
437
AH fabric (satin, canvas, etc.)
do...
693
289
582
'563
Hosiery
TEXTILE PRODUCTS
Part fabric and part leather
do...
852
317 1,153
'910
High and low cut, leather, total
do___, 32,674 22,808 35,912 •" 34, 263
Production.
thous. of dozen pairs.. 12,531
Boys' and youths'
do...
1,683
1,227 1,555 '1,064
Shipments.
do
11,933
2,451
Infants'
_
do...
1,602 2,166 ' 2,188
Stocks, end of month
do
25, 632
Misses' and children's
do.... 3,882
3,007 3,973 '3,817
Cotton manufactures:
Men's...
do___. > 10,937 6,908 11,198 H I , 325
Spindle activity:
Women's
do_._. 13,722 10,065 17,019 ' 15,268
Active spindles
thousands . 22,992
Slippers and moc'ns. forhousewear.__do
3,214 3,760 ' 3 , 9 3 7
4,416
Active spindlo hours, total
mil. of hrs.. 9,932
1,024
All other footwear
do
718 1,019 <• 1,063
Averago per spindle in place
hours..
408
Operations
..pet. of capacity.. 121.5
LUMBER AND MANUFACTURES
Wool:
Consumption (scoured basis) :1
Lumber, all types: Natl. Lumber Mfrs. Assn.:f
Apparel class
thous. oflb.. 41,904
Production, total
mil. bd. ft.. 2,581
2,257 2,568
Carpet class
d o — 11,172
2,609
371
Hardwoods
do
284
Machinery activity (weekly average):!
381
372
2,211
Softwoods
do
1,973 2,187
Looms:
2,238
Shipments, total
do
2,219 2,512
2,676
Woolen and worsted:
2,610
Hardwoods
do
410
Board
thous. of active hours.. 2,584
328
387
405
Softwoods.
_
_
do
2,266
Narrow
do—
1,891 2,125
94
2,205
Stocks, gross, end of month, total
;do
6,393
Carpet and rug
do
7,586 6,406
260
6,462
Hardwoods...
^
do
1,303
Spinning spindles:
1,776 1,374
1,342
Softwoods
_
__do
Woolen.
do
110,218
5,090
5,810 5,031
5,120
Worsted
. . . . d o . . . . 25,606
METALS AND MANUFACTURES
Worsted combs
do
231
Pig iron and iron manufactures:
Stocks, scoured basis, end of qr—thous. oflb... 207,754
Castings, malleable:
Woolen wpols, total
do
61,729
Orders, new
short tons.. 75,075 36,503 84,751 83,218
Domestic
d o — 31,474
Production
_
..do
71,209 34,700 76,170
Foreign
--d o — 30,255
70,278
Shipments
do
70,179 33,323 73,066
Worsted wools, total
d o — 145,863
71,740
Boilers and radiators, cast-iron:
Domestic.
d o — 53,823
Boilers, round:
Foreign
d o — 92,040
Production.
_
thous. of lb_. 1,741 1,697 2,214
Miscellaneous products:
1,826
1,474 1,613 1,358
Shipments.
do
Pyroxylin-coated textiles (cotton fabrics):
1,167
15,096 15,009 14,107 14,834
Stocks, end of month.
do
Orders, unfilled, end of mo..thous. linear yd.. 9,558
Boilers, square:
Pyroxylin spread
thous. oflb.. 7,151
Production
_
do.... 25,319
23,525 25,254
Shipments, billed
thous. linear yd.. 7,138
Shipments
do
20,382 14,776 13,360 16,861
TRANSPORTATION EQUIPMENT
Stocks, end of month
do
L30,339 17,975 17,058 125,448
Boilers, range, galvanized:
Automobile production:
Orders, new, net
number of boilers.. 05,076 75,427 69,433 89,159
Canada, total
number.. 25,753
Orders, unfilled, end of month
..do
72,258 31,158 46,448 52,966
8,538
Passenger cars
.do
80,023 70,452 86,459 81,495
Production
—
do
520,521
United States (factory sales), total
do
85,784 67,317 83,404 82,641
Shipments
do
Passenger cars
do.... 418,983
31,534 37,925 38,441 37,295
Stocks, end of month
do
Trucks...
do.... 101.53S
r
6
Revised.
* Preliminary.
« May data latest available.
See note 2, p. 47 of the July 1941 Survey.
«March figures revised.
*New series. See note on corresponding Item In the July 1941 Survey.
tRovised series. See note on oorrespondingjtem In the July 1041 Surrey* {Data for April are for 5 weeks; other months, 4 weeks.
ELECTRIC POWER AND GAS
Electric power:
Production, total
.mil. of kw.-hr. 13,668 11,489 12,885 r 13,616
By source:
7,272 3,051 r9,363
9,612
do...
Fuel.
Water power
do.
4,217 4,834 ' 4,253
4,056
By type of producer:
Privately and municipally owned electric
utilities
....mil. of kw.-hr. 12,173 10,461 11,575 12,105
1,028 1,309 '1,511
1,496
Other producers.
do...
FUELS AND BYPRODUCTS
Petroleum and products:
Crude petroleum:
Consumption (runs to stills)..thous. of bbl.
108,237 111,106 119,435
111,690 111,080 116,976
Production
do.__
85
Refinery operations
pet. of capacity..
84
88
Stocks, end of month:
California:
Heavy crude and fuel
thous. of bbl.
78,443 67,256 66,256
35,368 37,272 36,221
Lie;ht orude
do....
218,998 221,120 218,355
East of California, total
..do
47,525 42,528 41,595
Refineries...
do
171,473 178,592 176,760
Tank farms and pipe lines.
__do
Refined petroleum products:
Gas and fuel oils:
Production:
25, 469 27,310 28,393
Residual fuel oil
..do—
14,154 14, 692 15,546
Gas oil and distillate fuels, total....do....
Stocks, end of month:
20,339 19,822 20,891
Residual fuel oil, east of Calif.
do....
20,412 24,449 . 27,353
Gas oil and distillate fuels
do
Motor fuel:
55,459 55,105 59,107
Demand, domestic
do
51,325
Production, total._
..do
58,253
263
Benzol
--do
277
288
Straight-run gasoline
do
22,422 22,131 23,881
Cracked gasoline..
do.
24,239 2?, 380 28,908
5,181
Natural gasoline
do.
4,401 4,980
3,541
Natural gasoline, blended
do.
2,600
Stocks, gasoline, end of month:
86; 276 88,576 85,562
Finished gasoline, total
do
59,708 61,186 57,357
At, refineries
do
Natural gasoline
:—do—
7,000 5,504
5,856
Kerosene:
3,952 5,549
Consumption, domestic
do—-i ()
4,501
5,785 6,068
Production_-_
do
6,033
C)
Stocks, refinery, end of month
do
6,810 7,063
8,421
Lubricants:
2,146 2,712
Consumption, domestic.
do
2,732
Production
do
3,212 3,213
3,322
Stocks, refinery, end of month
_do
8,161 8,363
7,835
1940
May
377
1,098
1,102
47
428
1,463
1,474
37
1,584
1,582
1,761
1,007
2,339
1,336
2,560
1,372
2,236
1,262
2,160
3,889
5,210
4,010
4,667
5,579
4,298
547
472
522
1,346
1,383
1,066
1,278
1,454
1,207
7,181 15,558
22,287 29,576
15,390
30,535
164.9
174.2
138.3
114.6
101.0
8T571
33,403
32S,950
20,200
21,037
12,134
377.2
405.3
292.5
298.7
291.2
321.0
203.9
203.2
156.8
160.9
21,789 21,767
65,692 65,359
482,587 433,670
165,672 156,816
44,602 42,394
213,611 206,030
107.6
160.9
181.9
234.4
263.2
329.7
251.7
443.6
301.0
5,381
476
13,774
997
9,689
646
5,131
0,803
1,925
1.781
8,871
5,823
6,050
2,334
3,537
9,958
6,073
7,733
2,700
4,873
8,373
4,351
5,686
6,849
5,496
5,371
8,143
5,855
6,324
7,686
9,711
8,835
26,384
12,871
12,737
24,162
12,621
11,750
25,034
21,955
6,960
281
87.9
22,787
10,289
421
119.6
22,980
10,287
422
121.8
19,373
5,798
46,970
13,095
41,032
10,588
1,407
70
149
2,450
96
244
2,491
93
241
(«)•
68,173
••65,973
137
[28,585
47,508
35,183
12,325
81,077
59,436
21,641
2,244
3,931
4,030
102,929 106,8S0
117,465 119,610
215
218
'164,331
=50,886
'26,333
'24,553
113,445
17,933
*95,512
5,588
6,931
7,317
6,137
7,351
7,906
26,585
17,930 27,584
9,840
8,739 12,091
144,636 462,270 '518,748
236,010 374,979 r417,698
58,596 87,291 101,050
U. s . f OVIRNHINT PftlHTINt OFFICIl !MI
@FedFRASER