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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C , DECEMBER 10, 1942
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
BITUMINOUS COAL PRODUCTION
ELECTRIC POWER PRODUCTION
(1935-39*100)
200
(BILLIONS OF KILOWATT HOURS)
(0A1LY AVERAGE-THOUSANDS OF TONS)
1942
180
1941^
ieo
140
ISO
V
too
1
1940-^V
,
,
1
,
,
INCOME PAYMENTS
DEPARTMENT STORE SALES
(SEASONALLY ADJUSTED 1935-39-100)
200
(SEASONALLY ADJUSTED 1923-25-100)
140
MONTHLY DATA
180
130
160
120
MONTHLY DATA
no
140
—-
120
too
- " - ^
100
A
,
—
;
s
90
80
1941
i940
1939
,,1 1 1 1 1.1 1.0-1 I I .
1942
80
, . 1 . . i . , 1 ,.
r*
Av \ r
\V
^
1, . i , ,
1940
, . i,.
i..
1941
i..
, , i,.
i..
i..
WEEKLY BUSINESS STATISTICS
1942
1941
1942
Commodity prices, wholesale:
92.3
92.2
P100.1
AH commodities
1926=100..
91.1
90.8
110.8 110.9
Farm products
,_.;
do
89.2
88.7
103.6 103.3
Food
do....
93.7
93.7
P96.1 P 9 6 . 1
All other
....do
170.0 170.2 156.7 155.0
170.4
23 basic commodities©.. August 1930=100.
.165
.171
.194
Cotton, mid., m*", 10mkts.{.-doJ. p e r l b . .
.193
.191
1.14
1.17
Wheat, No. 2, hd. win. (K.C.).dol. per bu_.
1.23
1.24
215
166
Department stores sales
1935-39=100..
105
Finance: •
Bank debits, member banks in 101 cities:!
Total.
mil. of d o L . 12,794 10,072 11,817 10,438
5,586 3,769 4,305 4,292 3,582
New York City
' do._
Currency in circulation!
.do
14.863 14,666 14,484 10,729 10,597
Federal Reserve bank credit, total__.do
5,400 5,083 5,045 2,289 2,284
Member bank reserve balances
.do
12,840 12,746 12,622 13,178 13,126
2,489 3,860 3,799
Excess reserves, estimated
: do
2,504 2,518
1941
Dec. 5 Nov.28 Nov.21 Dec. 6 Nov.29
Dec. 5 Nov.28 Nov.21 Dec. 6 Nov. 29
Finance—Continued.
Federal Reserve reporting member banks:
Deposits, demand, adjusted..mil. of dol—!
Loans and investments, total.
_•
do
U. S. Govt. obligations^1
--do
Commercial, industrial, and agricultural loans
__-miL of dol._
Failures, commercial
number. _
Bond yields (Moody1 s)t
percent..
Stock prices (Stan. & Poor)A-1935-39=100..
Production:
Bituminous coalj
thous. of short tons..
Electric power
mil. of k w-hr..
Petroleumt—thous. of bbL.
Steele
1935-39=100..
Freight carloadings, total
.thous. of cars-.
Miscellaneous
.__.ll
do
28,852 30,224 29,698 24,324 24,452
38,387 37,939 37,905 29,691 29,693
24,808 24,581 24,423 14, 782 14,735
6,192
3.32
74.6
188.4
6,241
107
3.31
74.3
6,289
135
3.31
74.8
6,593
212
3.27
76.9
6,602
203
3.27
76.6
2,135
3,766
3,878
188.4
744
357
1,925
3,795
3,912
189.1
1,894
3,415
4,108
180.6
833
379
2,006
3,339
4,087
177.5
866
• Data do not cover calendar weeks in all cases.
» Preliminary.
©Thursday prices.
JDaily average.
©Index for week ended December 12,188.9.
1 Debits to demand deposit accounts, except interbank and-U. S. Government accounts, in 101 cities, ^Direct and guaranteed. A402 stocks.
MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of
the Survey and the 1S42 Supplement
COMMODITY
1942 1941
1942
Novem- Novem- Septem- October
ber
ber
ber
DOMESTIC
PRICES
Prices received by farmers:
U. S. Department of Agriculture:
Combined index
1909-14=100.
Chickcns and eges
do..Cotton and cottonseed
do._.
Dairy products
.
do.__
Fruits
..
do.-G rains.
do...
Meat animals
do...
Truck crops
._
do_..
Misccllaneous..
...do.—
DOMESTIC TRADE
Department stores:
Sales, total U. S., unadjusted
1923-25=100.
Atlantaf
—
1935-39=100..
Boston
1923-25=100..
Chicago
1935-39=100..
Clevelandf
do
Dallas
r
1923-25=100..
169
178
160
171
127
117
197
23S
181
* 154
*200
v 116
*165
p 187
135
157
136
148
98
103
149
153
128
133
177
103
146
163
150
163
166
156
1.56
129
119
195
191
172
133
171
105
155
161
171
169
173
158
165
134
117
200
226
185
rl37
»-lS3
•• 1 1 7
v 146
r 165
r 170
Revised. » Preliminary.
t Revised series. See note on corresponding item in the November 1942 Survey.
t See note on corresponding item in the November 1942 Survey.
Earlier data are available in monthly issues of
the Survey and the 1342 Supplement
1943
1941
1942
Novem Novem- September
ber
ber
October
TRADE—Continued
Department stores—Continued.
Sales, total U. S., etc.—Continued.
Kansas City
...1925=100.
Minneapolis
1935-39=100.
New York.•_
1923-25=100.
Philadelphia
1935-39=100.
Richmond.
_„•!
.
do...
St. LouisT
....1923-25=100.
San Francisco..
1935-39=100.
Sales, total U. S., adjusted
1923-25=100.
Atlantaf
1935-39=100.
Chicago..
do...
Clevelandt — -do...
Dallas
1923-25=100.
Minneapolis
1935-39=100.
New York{
1923-25=100.
Philadelphia..
......1935-39=100.
Richmond
do...
St. Louis}
_.-.--. 1923-25=100
San Francisco
_
1935-39=1CS
»143
M39
M38
»1S3
»202
*>153
»210
*135
M81
r 150
» 170
*161
» 139
» 116
M44
p 192
M31
106
123
130
168
168
133
158
116
160
133
148
134
123
109
132
160
114
15L
133
145
120
143
173
131
183
123
161
141
146
154
126
112
133
169
122
176
* 142
'156
'130
*'16O
'209
r 145
P183
'128
' 173
130
' 158
' 150
' 131*
rll5
'139
'169
'129
p 174
F
T Series in process of revision. See note on corresponding" item in the November
1942 Survey.
MONTHLY BUSINESS STATISTICS—Continued
1941
1942
Earlier data are available in monthly issues of
Novem- Novemthe Survey and the 1942 Supplement
ber
ber
1943
October
1942
1941
1942
Earlier data are available in monthly issues of
the Survey and the 1942 Supplement
October October August
FINANCE
EMPLOYMENT AND WAGES—Con.
Federal Eeserve banks, condition, end of mo.:
Assets, total
mil. of doL.
•• Res. bank credit outstanding, total-do...
• United States securities
do__Reserves, total
do_.
Gold, certificates
do...
Liabilities, total
do...
Deposits, total
do...
Member bank reserve balances.-do. __
Excess reserves (estimated)
do
Federal Reserve notes in circulation
mil. of dol...
Reserve ratio
percentMonetary statistics:
Gold, monetary stocks, U. S mil. of dol.
Currency in circulation, total
do...
Public finance (Federal):
Debt, gross, end of month
do...
Public issues:
Interest bearing
'..
do.-.
Noninterest bearing..
do...
Special issues to Government agencies
and trust funds
mil. of dol..
Obligations fully guaranteed by U. S.
Gov't.:
Total amount outstanding....mil. of dol.
Expenditures, total
do...
War activities
do...
Agricultural adjustment program, .do. _.
Unemployment relief
do...
Transfers to trust accounts
do...
Interest 911 debt
do...
Debt retirements
do...
Allother
do...
Reccipts, total
do...
Receipts, net
do
Customs
do
Internal rovenue, total
do
Income taxes
.
do
Social Security taxes
do
Security markets:
Stocks:
Prices:
Dow-Jones <fc Co., Inc. (05 stocks)
dol. per share..
Industrials (3) stocks)
do
Public utilities (15 stocks)
do
Rails (20 stocks)
do....
Xew York Times (50 stocks)
do
Industrials (23 stocks)
do
Railroads (25 stocks)
do
Employment—C ontinued.
Estimated labor force, etc.—Continued.
Employees in nonagricultural estab.:j
Unadjusted (U. S. Department of
Labor) total
thousands..
Manufacturing
do.
Mining
do
Construction
do
Transportation and public utilities
thousands..
Trade
do
Financial, service, and misc
do
Government
.do.
Adjusted (Federal Reserve) total.do
Manufacturing
do
Mining
do....
Construction.._
do
Transportation and public utilities
thousands..
Trade
do
Nonmanufacturing, unadjusted (U. S. Department of Labor):
Mining:
Anthracite....
1929=100..
Bituminous coal
do
Metalliferous
.do
Crude petroleum producing
do
Quarrying and nonmetallic
do
Public utilities:
Electric light and power
do.
Street railways and busses
do.
Telephone and telegraph
do.
Services:
Dyeing and cleaning
do.
Laundries
do.
Year-round hotels
_
.do.
Trade:
Retail, total
do.
General merchandising
do.
Wholesale
do,
Labor conditions:
Labor turn-over in manufacturing establishments:
Accession rate
mo. rate per 100 employees.
Separat
ion rate, total
do „ .
D ischarfics
do
Lay-olTs
do
Quits
..do...
Miscellaneous
do...
Pay rolls:
Nonmanufacturing, unadjusted (U. S,
Department of Labor):
Mining:
Anthracite:
1929 = 100.
Bituminous coal..
do
Metalliferous
...do...
Crude petroleum producing
do...
Quarrying and nonmetallic
do. _
Public utilities:
Electric light and power.
__do...
Street railways and busses
..do...
Telephone and telegraph . . .
do
Services:
Dyeing and cleaning
do...
Laundries
.do...
Year-round hotels.
do
Trade:
Retail, total
.
do....
General merchandising
_._.do
Wholesale
do
TRANSPORTATION
Financial operations (class I steam railways):
Operating revenues, total,,. . . . t h o u s . of doL.
Freight
__T_
.do.
Passenger
do.
Operating expenses.
do
Net railway operating income
do.
24,192
2,312
2,184
20,822
20,569
24,192
15,213
13,140
3,828
25,754
3,774
3,567
20,808
20,576
25,754
13,660
11,592
1,690
26,953
4,959
4,667
20,813
20,569
26,953
14,313
12, 735
11,75G
79.1
91.0
10,658
85.6
11,220
81.5
743
*14,804
22,785
10,640
22,754
13,703
22,740
14,210
96,116
55,066
86,483
92,904
86,671
657
47,755
504
77,338
637
83,680
639
8,509
8,585
4,552
5,931
5,384
35
40
5
224
4,243
5,937
5,480
48
35
56
70
27,748
5,714
5,399
20,799
20,573
27,748
14,534
13, 208
2,909
P22,
8,-787
4,244
6>04!
66
31
3
28
830
601
23
784
199
248
6,316
1,860
1,448
72
95
10
15
3
217
730
564
30
683
60
181
0)
242
2,528
2,527
20
2,476
2,644
247
607
003
200
48
as. 37
38.81
115.31
14. 16
23.13
80.13
139.23
21.03
39.53
110.91
15.93
27.92
S9.72
145.00
20.19
30. 00
107.41
11.7(1
20. 7«
74.40
12S. 65
20.10
113.51
13. 35
28.05
79.00
136.50
21.55
3,230
640
67
164
168
78
356
230
1,534
53
28
14
3,423
627
51
170
158
62
609
217
1,528
61
23
18
3,504
661
56
109
188
71
347
336
1,647
39
24
5
4,512
837
71
244
247
118
460
373
2,162
30
17
5
TRANSPORTATION
Freight-car loadings (A. A. R.): V
Total cars
thousands..
Coal..
do
Coke
do
Forest products..
do
Q rains and grain products
do
Livestock
do
Merchandise, 1. c. 1
do
Ore
do...
Miscellaneous
do
Freight-car surplus, total
do
Box cars
.do...
Coal cars
—
do...
FOODSTUFFS
Grain receipts, principal markets:
Corn
___thou3. of bu.
Oats—
do...
Wheat
do._.
30,099
6,209
32,261
October
24,354
7,052
18,507
22,183
17,414
53,694
27,835
13,125
45,416
October August September
BUSINESS INDEXES
Income payments:
Indexes, adjusted:
Total income payments
1935-39=100..
Salaries and wages
_.do.__
Total nonagricultural income.-'--do
Total
mil. of dol-.
Salaries and wages, total
.do
Commodity-producing industries-do. _ _.
Work relief wages
do
Direct and other relief
^_do
Soc.-sec. benefits and other lab. inc.do
Dividends and interest
do
Entr'l inc. and net rents and royal's.do
Total nonagricultural income
do
'175.5
» 194.6
* 171.5
* 10,279
» 7,071
» 3,331
2S
145.4
152.6
143.5
8,508
5,592
2,539
171.6
188.6
168.1
9,157
6,639
3,209
35
86
M78
»740
*2,207
»8,804
80
89
152
855
1,820
7,435
• 417
1,848
8,069
54.0
52.4
10.5
41.9
1.6
54.1
50.2
9.3
40.9
3.9
56.2
54.0
11.2
42.8
2.2
167
' 172.8
'190.2
' 169.1
' 10,127
'6,831
••3,264
30
85
••180
1,000
"2,031
'8,842
EMPLOYMENT AND WAGES
Employment:
Estimated labor force, employment, and
unemployment:*
Labor force (Bureau of t h e Census)
millions..
Employment
_.do_...
Agricultural
..do
Nonagricultural
do
Unemployment
....^..do
54.1
62.4
10.2
42.2
' Revised.
1 ^ess than $500,000.
•New series. See note on corresponding item in the November 1942 SURVEY.
JData for October 1942 are for 5 weeks; other months, 4 weeks.
1.7
38,555
15,297
901
2,089
36,053
13,597
988
2,204
37,802
14,980
91S
2,181
3S,348
• 15, 233
'910
' 2,185
3,539
6,679
4,325
5,725
37,960
15,067
889
1,958
3,424
7,070
4,256
4,514
35,440
13,390
971
2,041
3,533
6,496
4,371
5,323
37,525
14,911
918
1,916
' 3,542
' 6, 561
'4,397
' 5,520
"37,618
•14,979
'900
' 1,959
3,467
6,603
3,356
3,490
6,607
'3,482
' 6,523
46.3
90.7
77.4
55.1
50.0
50.3
95.3
79.7
61.6
54.1
46.7
92.3
'80.3
-•56.7
51.5
46.7
'91.6
'78.6
'55.8
50.7
82.9
76.0
93.4
94.1
70.3
90.6
85.9
75.0
93.8
'84.2
' 75.7
' 93.6
124.6
115.6
95.3
121.2
111.2
96.2
123.7
117.4
93.4
' 123.0
' 116.4
'93.9
94.4
121.0
89.6
101.0
116.4
96.3
89.4
103.9
90.3
91.7
' 112.0
89.4
fi
C)
C)
47.9
126.1
102.7
64.4
111.2
94.9
12G.
112.7
118.5
102.3
96.4
121.8
94.7
4.87
4.13
ill
2.1
.3?
49.2
122.6
88.3
64.4
61.5
115..
78.4
117.0
98.5
.s;
4.3
1.4
MS.
118.
106.5
••62.4
67.4
112.8
93.8
127.4
91.9
106.4
116.8
96.6
97.3
110.9
92.0
91.4
104.9
91.8
745. 584
587,612
108,322
416,430
184,680
517, 605
440,122
42,231
361, 514
653,807
537,412
103,463
399, 292
135,264
16,739
103.4
94,048
9.15
8.10
.44
.63
5.19
1.79
7.90
7.00
.4'
'50.3
'122.2
' 103.0
'64.5
'67.5
' 112. 5
••93.6
' 130. 5
' 107. 9
'117.3
'98.5
'93.1
'112.4
••92.4
697, 792
546, 791
104, 971
399, 706
154,632
ELE C T R I C P O W E R
E lectric power, production ,total .mil. of k w. h r .
By source:
Fuel.
do
Water power...
do
By type of producer:
Privately a n d municipally owned electric utilities
mil. of k w. h r . .
Other producers...
do
15,246.
11,041
4,205
16,262
' 16,114
11,240
5,499
10,946
5,315
'10,895
5,219
14,282
2,457
13,687
1,559
14,047
2,214
13,804
«• 2,310
PAPER AND PRINTING
Wood pulp:
Production, total, all grades
short tons.
Sulphate, total
do...
Unbleached
do...
Sulphite, total
...do...
Bleached
do...
Soda.
do...
Ground wood
do...
tocks, en
Stocks,
end of month,, total,, all ggrades, d o . . .
Sulphate,
ddo .
S l h t total t
t
l
Unbleached
do.
Sulphite, total
do.
Bleached..
___
do.
Soda
do.
Groundwood
do.
835,457
383,037
321,417
241, 771
48, 245
51,025
138,530
165, 300
75,900
70,000
36,400
21,800
5,000
45,500
S95, 566
39S, 339
340, 275
266,944
155, 667
54,332
.66, 220
91,900
16, 300
10,800
41,100
25,200
3,800
29,400
813, 237
385, 750
328, 767
241, 701
.45, 693
44, 651
.23,968
.92, 500
64,900
60,300
48,600
32,400
5,000
72,200
771,499
363,177
303,155
227,033
133,135
44, 562
110,270
182,400
76,100
69,400
42,000
26,400
5,100
57, 200
« Data for September are the latest available.
* Preliminary.
f Revised series. See note on corresponding item in the November 1942 SURVEY.
@FedFRASER