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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 11, 1941 SUMMARY OF BUSINESS TRENDS "PARLY reports indicate holiday trade is already extraordinarily heavy, following a recovery in sales during November. The Federal Reserve seasonally adjusted index of department store sales (1923-25 = 100) increased from 105 in October to 115 in November. Only during the extraordinary anticipatory purchasing of August has the November buying pace been greatly exceeded. With the exception of a few lines, material shortages and curtailment programs have not yet affected the retailers' shelves. However, the effects will become noticeable in the next few months. November curtailment announcements by the Office of Production Management apply to ironers, vacuum cleaners, and household washers. The high volume of trade has been supported by the unprecedented expansion of income payments. Monthly income payments established another record in October. The adjusted index (1935-39 ==100), (which has just been revised for this year because of changed seasonal factors) moved to 141 from 139 in September. This compares with an index of 116 in October 1940 and a monthly average of 122 in 1929. The October expansion of income payments consisted of an increase in both cash income from farm marketing and in nonagricultural incomes. The increases in income payments and in trade are in part reflections of the rise in prices. October income payments were approximately one-fifth higher than in the same month last year. In the same period, cost of living as measured by the Department of Labor index has gone up about 10 percent. Gains in real income have continued over the intervening period, but in recent months they have been steadily narrowed. Wholesale prices continue to mark time in many markets. The Bureau of Labor Statistics' weekly index of wholesale prices (1926=100) stood at 92.3 in the final week of November as compared with 91.6 a month earlier. However, as the basic supply and demand factors are unchanged, the forward impetus is still present, as evident in a further upward movement of raw material prices and rising retail prices. Record industrial activity is still accompanied by exceptionally heavy inventory accumulation by manufacturers. October reports—the latest available— show that during that month manufacturers' inventories increased about $450 million. This was the largest increase on record for a single month and lifted the aggregate volume of such inventories to a new high of over $14 billion. Again, the rise reflects higher prices though both seasonal influences and speculative buying were also active. The increase was general with both durable and nondurable industries participating. SELECTED BUSINESS INDICATORS too STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (PERCENT OF CAWCITY) (BILLIONS Of KILOWATT HOURS) FREIGHT- CARLOAD1NGS (THOUSANDS OF CARS) AUTOMOBILE PRODUCTION BITUMINOUS COAL PRODUCTION MISCELLANEOUS CAR LOADINGS (THOUSANDS OF VEHICLES) (DAILY AVERAGE-THOUSANDS OF TONS) (THOUSANDS OF CARS) WEEKLY WHOLESALE PRICE INDEX, ALL COMMODITIES (1926- 100) PRICES OF 3 5 4 INDUSTRIAL STOCKS (1935-39.* tOO) 95 90 85 80 —**—J 75 140 i,,,,, .,!.. I . . - I . . , ,1 , ,1 , , ! , , DEPARTMENT STORE SALES 70 INCOME PAYMENTS (SEASONALLY ADJUSTED 1923-25-100) ¥0NTHLY OATA k 130 120 110 100 s 90 80 1938 429833-21 S^ r A /v ., 7?*T7, i , . . . i , , 1 , , i ., ,. i , . i,, i,, 1939 1940 1941 150 140 130 120 110 100 90 MONTHLY DATA s ..(..I. M M 1938 1939 (940 WEEKLY BUSINESS INDICATORS* [Weekly average, 1935-39=100, except as indicated; data beginning January 1939 for most of the series on a 1935-39 base and for the New York Times revised index of business activity, also data beginning September 1939 for the price index of 28 basic commodities, are shown in table 32, pp. 24-26 of the November 1941 SURVEY] 1940 1941 Dec. Nov. Nov. 6 29 22 29 22 15 7 2 30 Business activity:! 133.4 129.8 130.1 128.3 120.2 119.3 113.0 U3.0 New York Times§ 141.7 137.9 142. 0 140.4 123.2 123. 5 117. 5 117.0 Barron's, 1923-25=100 164.3 162.7 161.9 161.1 141.3 142.7 125.4 125. 7 Business. WeekA. 1923-25= 100. Commodity prices, wholesale: Dept. of Labor: 92.3 91.7 79.8 79.7 79.0 78.8 92.3 Combined index, 1926=100— 90.7 89.6 69.8 69.1 67.4 67.1 91.1 Farm products.. _ 88.8 73.9 73.3 71.3 71.1 89.2 Food 93.7 93.6 93.6 93.1 84.4 84.5 84.4 84.4 Another .... 156.7 155.0 154.6 153.7 154.0 117.7 117.2 122.1 120.5 28 basic commodities© Fisher's index, 1926=100: 1.2 99.0 98.6 98.8 98.6 85.0 84.7 84.9 84.7 Combined index ;._ \ 7 117.7 112.9 112.9 112.9 112.9 112.9 112.9 112.9 117. Copper, electrolytic? 89.7 92.6 157! 1 151.7 150.6 150.6 149.5 Cotton, average, 10 markets 134.1 185.2 206.0 Construction contracts? Distribution: 132.8 122.6 135. 5 134.0 113.3 111. 7 104.9 105.1 Carloadings 168 128 148 139 197 147 188 139 Department store sales Employment, Detroit, factory, 105.9 122.0 119.9 1923-25=100 —. Finance: Bond yields* Stock prices? Banking: Debits, outside N. Y. C4 Federal Reserve1 reporting member banks: Loans, total. Currency in circulation? Failures, commercial, 1939=100. Production: Automobiles : _ Bituminous coal? _ Cotton manufacturing! Electric power Petroleum? Steel® Receipts, primary markets: Cotton Wheat 1939 1940 1941 1939 Dec. Nov. Nov. Nov. Nov. Dec. Nov. Dec. Dec. Nov. Nov. Dec. Nov Dec. Dec. 7 91.1 80.7 80.7 80.7 .80.7 80.5 83.2 83.5 91.4 76.3 75.8 76.7 76.8 78.5 86.7 86.5 99.8 195.3 157.3 170.5 144.1 151.7 130.8 125.1 133.2 117.5 . . . . 131.7 132.1 131.2 106.9 106.5 100.9 101.0 131.4 131.5 69.1 167.0 166.0 165.0 164.3 135.3 133.8 119.0 118.0 74.9 71.7 66.4 71.7 69.3 92.9 91.2 104.9 93.3 121.2 99.6 120.5 149.0 124. 3 153.0 158. 5 161.9 154.6 150. 5 155.1 129.1 137.0 129.1 180.6 177.5 179.5 178.8 121.3 140. 6 156. 0 156.1 129.4 181.8 168.5 126.6 135.8 139.7 114.1 169. 5 169.5 149.7 128.9 118.2 137.6. 137.6 124.6 105.3 120.9 168.9 163.1 121.3 119.0 122.3 103.9 166.0 119.3 198.7 168.7 126.6 131.8 143.3 246.8 139.9 174.2 92.0 83.7 80.7 80.3 77.7 43.0 44.6 49.1 • Data do not cover calendar weeks in all cases. ISeasonally adjusted. §Computed normal=100. ARevised beginning Jan. 4,1941; revisions not shown in the Weekly Supplement beginning with the Nov. 6,1941 issue are available upon request. ©Thursday prices; August 1939-100. tSeasonally adjusted index compiled by the N. Y. Cotton Exchange. ®Index for week ended Dec. 13, is 180.5. ?Daily average. WEEKLY BUSINESS STATISTICS ' 1940 1941 193S Nov. 22 Nov. 15 0.118 .171 3.33 38.15 1.17 0.118 .165 3.34 38.15 1.14 0.118 .164 3.32 38.15 1.13 0.118 .164 3.31 38.15 1.13 0.118 .163 3.28 38.15 1.13 0.118 .099 2.48 38.18 .85 0.118 .098 2.46 38.13 .85 0.123 .101 2.32 37.26 .93 0.123 .098 2.35 37.26 0.110 0.110 2.39 36.36 .67 2.41 36.36 4,385 6,665 3,636 5,530 4,385 7,141 3,224 5,029 4,399 6,355 3,746 5,247 2,959 4, 547 3,689 4,648 2,983 4,100 3,839 4,380 2,608 3,759 2,289 2,184 13,178 2,284 2,184 13,126 3,799 2,307 2,184 12,942 3,692 2,263 2,184 12, 707 3,540 2,247 2,184 12,594 3,409 2,266 2,195 14,154 6,816 2,568 2,276 2,512 2,204 11,617 14,292 " 6,931 5,154 2,605 2,552 11,620 5,135 2,591 2,564 8,966 3,442 2,584 2,564 8,876 24,324 5,390 18,432 11,860 24,452 5,428 18,427 11,814 24,192 5,450 18,371 11,769 24,151 5,450 18,294 11,703 23,876 5,452 18,285 11,683 22,131 5,365 15,891 9,584 22,189 5,375 15,774 9,543 18,824 5,237 14,516 8,724 18,972 5,232 14,503 8,713 16,114 5,127 12,990 8,087 16,013 5,124 13,008 8,106 2,922 11,259 6,593 1.00 1.25 10,729 • 4.035 212 2,921 11,266 6,602 1.00 1.25 10,597 -4.035 203 2,927 11,285 6,632 LOO 1.25 10,531 <*4.034 188 2,929 11,317 6,633 1.00 1.25 10,467 M.034 203 2,923 11,238 6,573 1.00 1.25 10,424 «4.034 196 2,723 9,162 4,942 1.00 1.25 8,585 M.035 263 2,707 9,128 4,911 1.00 1.25 8,490 « 4.035 258 2,415 8,646 4,378 1.00 1.25 7,553 3.905 297 2,408 8,656 4,381 1.00 1.25 7,485 3.904 264 1,685 8,460 3,881 1.00 1.25 6,849 4.681 45,660 3.27 5,733 82.55 76.9 78.5 72.6 07.4 38,750 3.27 4,636 82.04 76.6 77.9 73.7 67.4 32,380 3.27 3,326 83.06 77.0 78.3 74.1 67.9 28,940 3.27 3,670 83.15 76.5 77.8 73.6 66.7 38,140 3.26 3,181 85.02 79.3 80.4 76.4 71.7 43,480 3.37 3,117 93.80 85.1 85.2 90.4 70.3 37,540 3.38 3,296 93.60 85.0 84.9 90.7 71.4 38,590 3.70 3,850 108.06 97.7 98.2 101. R 80.1 34,170 107.30 96.8 97.2 -101.4 79.3 41,080 3.96 4,616 102.27 96; 3 99.0 91.0 74.0 36,450 3.95 5,040 102.81 97.3 99.9 92.3 75.0 90,205 93,495 1,936 3,293 4,087 95.9 76,820 1,615 3,205 4,337 97.0 92,990 1,988 3,304 4,087 96.6 17,417 93,5S5 1,826 3,326 4,09fi 98.2 130,040 1,645 2,976 3,613 96.9 130, 783 1,674 2,932 3,335 96.6 1 19,373 115,485 1,536 2,654 3.827 92.8 93,638 1,546 2,605 3,289 94.4 100,705 1,402 2,377 3,245 59.9 97,795 1,472 2,335 3,224 60.7 17,204 799,386 883,839 141,881 181,079 43,267 39,725 40,297 41,022 15,741 13, 201 141,257 '156,278 57,934 55,027 367,273 389,243 873,585 178,005 42,455 35,532 18,766 158,966 56,945 382,916 738,513 160,973 39,833 35,465 15,596 155,037 12,374 319,235 728,525 156,433 38,521 33,689 15,739 149,915 17,803 316,425 683,973 137,675 34,996 38,310 14,971 154,216 11,858 291,947 685,496 144,424 34,764 38,222 13,554 149,510 11,632 293,390 618,964 134,595 -28,043 34,413 14,546 151,328 10,281 245,758 648,534 151,078 28,728 35,769 16,681 152,737 9,307 254,234 356 307 4,245 241 470 334 2,346 236 541 375 2,437 326 2,679 406 2,157 219 3,874 233 3,566 Nov. 8 Dec. 7 1939 Nov. 29 Dec. 6 Nov. 30 Dec. 9 Dec. 2 Dec. 10 Dec. 3 COMMODITY PRICES, WHOLESALE Copper, electrolytic, N e w York? dol. p e r l b . . Cotton, middling, l^\t"t average, 10 marketsV—do_._ Food index (Dun & Bradstreet) do,... Iron and steel, composite dol. per t o n . Wheat, No. 2, H a r d Winter (Kansas City).dol. per b u . FINANCE Banking: Debits, New York City mil. of dol.. Debits, outside New York City (140 c i t i e s ) . . . . d o . . . . Federal Reserve banks: Federal Reserve bank credit, total do U. S. Government securities.__ _ do Member bank reserve balances do Excess reserves . e s t i m a t e d . . do Federal Reserve reporting member banks: Deposits, demand, adjusted .do Deposits, time do Investments, total§ <Jo IT. S. Government direct obligations do... Obligations fully guaranteed by U. S. Government mil. of dol. Loans, total§ : do... Commerc'l, indust'l,andagricult'lloans§...do_._ Interest rates, call loans? percentInterest rates, time loans? do... Currency in circulation? mil. of dol. Exchange rates: P o u n d sterling? dollarsFailures, commercial numberSecurity markets: Bond sales (iV. Y. S. E.).. .thous. of dol. par v a l u e Bond yields (Moody's) (120 bonds)? percent.. Stock sales (N. Y. S. E.).,.^ thous. of shares.. Stock prices (N. Y. Times)X dol. per share., Stock prices (Stand, and Poor's) (402)1.-1935-39=100.. Industrials (354) ..do.... Public utilities (28) do.... Railroads (20) do.... PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Automobiles (lVard*s) Bituminous coal? Electric powerA Petroleum? _.__ Steely construction contract awards? Distribution: Freight carloadings, total Coal and coke Forest products... _ Grains and grain products Livestock..'. . Merchandise, 1. c. 1 Ore Miscellaneous Receipts: Cattle and calvesf Hogsf. Cotton into sight Wheat, at primary markets .number.. thous. of short tons" i..mil. of kw.-hr.. thous. of bbL. pet. of capacity.. -thous. of dol _ 97.6 cars . do _do..1. .do do™. do do do thousands. do.... _.thous. of bales.. ...thous. of bu._ 866,189 177,680 44,447 40,902 14,647 152,503 47,396 388,614 278 5,024 252 386 463 4,570 209 296 393 4,407 344 295 4,385 12,614 1,682, 8,317 3,866 1.00 1.25 6,811 4.670 ?Daily average. • Data do not cover calendar weeks in all cases. • Free rate. J Revised See table 32, p p . 24-26 of the Nov. 1941 SURVEY for stock prices beginning Jan. 1939 and cotton prices beginning Aug. 1939. § 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 for week ended Dec. 13 is 97.5; data beginning with July 1941 are based on estimated capacity, June 30,1941 (see note marked with " © " in the Nov. 20,1941, issue), t 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. MONTHLY BUSINESS STATISTICS 1940 1941 1941 Earlier data are available in monthly issues of SepOctoNovem- Novemthe Survey and the 1940 Supplement tember ber ber ber 1940 1941 1941 Earlier data are available in monthly issues of the Survey and the 1940 Supplement SepOctoNovem- November tember ber ber COMMODITY PEICES Prices received by farmers: U. S. Department of Agricultuere: 135 Combined index 1909-14=100. 157 Chickens and eggs do... 136 Cotton and cottonseed do.-. 148 Dairy products do._. 93 Fruitsdo... 103 Grains do._. 151 Meat animals do 147 Truck crops ..do 128 Miscellaneous do CONSTRUCTION AND HEAL ESTATE Engineering construction: Contract awards (E. N. R.)§--thous. of dol. 348,800 Construction cost indexes: American Appraisal Co.: t 223 Average, 30 cities 1913=100. 219 Atlanta do.... 235 New York do.,.. 210 San Francisco do 224 St. Louis do 203 Asso. General Contractors 1913=100.. 266.2 Engineering News Record (all types)--do FINANCE—Continued Public finance—Continued. Receipts, total thous. of dol.. 730,198 563,949 Receipts, net* do Customs .do 29,967 Internal revenue, total do 682,682 66,229 Income taxest-— do 180,561 Social security taxes . do Security markets: Bonds: 112.4 Prices (U. S. Treasury bonds)f.-^dollars.. Yields: Moody's: 3.26 Domestic corporate percent.. By ratings: 2.72 Aaa do 2.86 Aa do.... 3.19 A do.... 4.28 Baa.._ do.... By groups: 2.85 Industrials do 3.04 Public utilities do.... 3.91 Rails. ..do 1.85 U. S. Treasury bonds -do..-. Stocks: Cash d i v i d e n d p a y m e n t s and rates (Moody's): Total annual payments at current rates (600 companies) mil. of doL. 1,889.13 Number of shares, adjusted. _.millions_. 938.08 Dividend rate per share (weighted aver2.01 age) (600 companies) dollars.. 3.00 Banks (21 companies)...,.. do 2.05 Industrials (492 companies) do 2.62 Insurance (21 companies) do 1.82 Public utilities (30 companies). .do 1.58 Rails (36 companies) ....do Dividend declarations (N. Y. Times): Total thous. of dol.. 737,821 683,775 Industrials and miscellaneous ...do Railroads. d o . . . . 54, 046 Prices: Dow-Jones & Co., Inc. (65 stocks) 39.53 dol. per share.. 116.91 Industrials (30 stocks) do 15.93 Public utilities (15 stocks) .do.... Rails (20 stocks) . d o . . . . 27.92 87.92 New York Times (50 stocks) do 145.66 Industrials (25 stocks) ._ do 20.19 Railroads (25 stocks).... do.... Yields: 6.8 Common stocks (200), Moody's.percent.. 5.2 Banks (15 stocks) do 6.9 Industrials (125 stocks). .do.... 4.1 Insurance (10 stocks) do 6.9 Public utilities (25 stocks). do 6.8 Rails (25 stocks) do.... TRANSPORTATION Freight-car loadings (A. A. R . M 4,318 Total cars thousands.. 790 Coal . do 64 Coke do 214 Forest products do 194 Grains and grain products do 82 Livestock do 768 Merchandise, 1. c. 1 do 277 Ore do 1,929 Miscellaneous do 61 Freight-car surplus, total do 28 Boxcars do.... - 18 Coal cars do FOODSTUFFS Grains and grain products: Corn: 24,354 Receipts, principal markets.thous. of bu. 15,847 Shipments, principal markets do._ Oats: 7,052 Receipts, principal markets __do._ Wheat: 14,752 Shipments, principal markets do... FUELS AND BYPRODUCTS Coa! production: * 3,832 Anthracite.. _ thous. of short tons. 42,865 Bituminous do__ METALS AND MANUFACTURES Tin: 8,355 Deliveries (includesreexports)...long tons.. Stocks, United States (excluding afloat) 2,186 long tons.. TRANSPORTATION EQUIPMENT Automobiles: Sales (General Motors Corporation): World sales: By U. S. and Canadian plants .number- 171,412 United States sales: 153,904 To dealers.. do To consumers d o . . . 126,281 120 79 121 71 83 112 '99 90 141 150 140 89 106 166 145 131 139 146 144 145 107 101 157 164 144 382,724 514,251 406,332 208 198 228 191 214 192 249.1 221 218 235 205 223 200 264.5 223 219 235 209 224 202 266.1 33,201 33,087 3,948 36,948 4,424 DOMESTIC TEADE Receipts, postal: 50 selected cities thous. of dol. 50 industrial cities -do.._ Retail trade: Department stores: Sales, total U. S., unadjusted 1923-25=100., Atlantaf,... 1935-39=100.. Boston 1923-25=100.. Chicagof do.... Cleveland ._ do... Dallas. do,.. Kansas City 1925=100. Minneapolisf 1935-39=100. New York. 1923-25=100. Philadelphia. do... Richmond do._. St. Louis __ do... Sales, total U. S., adjustedt-..do... Atlantat —1935-39= 100. Chicagof •-_ 1923-25= 100. Cleveland. _ do.__, Dallas _ ^ -.do Minneapolisf."-.-1935-39=100.; New York ..1923-25=100., Philadelphia do... St. Louis do... 33,805 3,821 J>132 " 165 102 "147 "137 "152 "104 "125 P130 " 116 "175 " 133 "115 " 151 "113 "128 " 136 "124 "109 "95 " 114 ••3,688 114 141 92 130 116 131 99 118 120 100 ••148 112 100 129 118 108 117 117 101 82 96 125 158 100 151 130 151 114 142 125 94 153 128 116 146 137 124 136 124 120 94 120 112 138 '98 123 109 127 106 140 112 "95 M69 119 105 125 117 105 113 117 24,026 24,211 2,264 0 11 2,184 20,712 20,461 24,026 15,489 13,227 5,169 2,309 0 6 2,184 20,841 20,572 24,211 15,466 12,580 4,557 7,234 91.2 7,432 91.0 .298 .061 .301 .891 .570 .205 4.033 22,761 10,163 .298 .061 .302 .888 .570 .206 4.033 22,800 10,364 51,346 53,584 44,133 550 46,377 544 6,658 6,664 106 FINANCE Banking: Federal Reserve banks, condition, end of mo. Assets, total _ ..mil. of dol. 24,192 23,017 Reserve bank credit outstanding, total 2,304 2,312 mil. of doL 0 0 Bills bought do— 4 6 Bills discounted.. do... 2,199 United States securities do... 2,184 19,881 20,822 Reserves, total do... 19,586 20,569 Gold certificates .do... 23,017 24,192 Liabilities, total do... 16,191 15,213 Deposits, total do 14,215 13,140 Member bank reserve balances..do... 6,849 Excess reserves (estimated).-.do... 3,828 Federal Reserve notes in circulation 5,743 mil. of dol. 7,669 Reserve ratio _. ..percent.. 91.0 Monetary statistics: Foreign exchange rates: .298 Argentina dol. per paper peso.. .298 Brazil, official dol. per milreis.. .061 .061 British India -dol. per rupee.. .302 .302 Canada dol. per Canadian dol., .886 .869 Colombia -dol. per peso. .570 .570 Mexico do .205 .204 United Kingdom.. -dol. per £.. 4.034 4.036 Gold, monetary stock, U. S mil. of dol.. > 22,786 21,801 Currency in circulation, total do.... '10,496 Public finance (Federal): 8,522 Debt, gross, end of month do,,.- 55,040 44,277 Public issues: 47,729 Interest bearing. do 38,502 604 Noninterest bearing do Special issues to government agencies and 5,209 6,806 trust funds mil. of dol.Obligations fully guaranteed by U. S. Govt.: 5,901 6,316 Total amount outstanding mil. of doL. Expenditures, totalf thous. of dol.. 1,860,445 817,888 378,564 National defense* .._; do 71,820 102,339 Agricultural adjustment program*.-do 95,347 137,865 Unemployment relief* do 26,043 Transfers to trust accountst .do 9,750 10,597 Interest on debt* do 15,490 792 Debt retirements do.... 2,740 Allother* _ do.... 228,600 161,687 6,930 1,882,011 1,319,955 32,456 108,493 6,200 169,359 7,951 237,599 1,527,001 57,865 109,414 45,010 74,604 6,710 268,731 •• Revised. *New series. See note on corresponding item in the November 1941 Survey. t Revised series. See note on corresponding item in the November 1941 Survey. 484,796 1,136,079 488,758 362,078 1,134,914 445,293 27,923 36,114 34,040 438,484 1,076,506 431,294 48,906 779,917 138,013 48,910 37,197 110.7 111.1 112.0 3.40 3.30 3.27 2.75 2.96 3.40 4.48 2.75 2.91 3.24 4.30 2.73 2.87 3.21 4.28 2.98 3.14 4.07 1.97 2.88 3.07 3.95 1.94 2.85 3.05 1,781.52 1,828.35 1,840.31 938.08 936.43 938.08 1.90 3.01 1.88 2.54 1.97 1.47 1.95 3.01 1.94 2.59 1.91 1.58 1.96 2.99 1.97 2.62 1.86 1.58 685,574 635,110 50,463 236,622 229,968 6,654 273,902 265.813 8,089 45.04 133.90 21.22 29.36 95.86 170.32 21.40 42.90 127.35 18.62 29.28 90.91 160.08 21.74 41.26 121.18 17.65 28.54 87.37 153.71 21.04 6.6 4.3 5.7 4.1 6.0 5.8 5.9 4.6 5.9 3.9 6.5 6.3 6.3 5.0 6.4 4.1 6.6 3.780 695 61 193 166 86 752 ••214 ' 1,614 96 33 42 3,539 652 52 176 167 59 618 286 1,529 41 15 10 3,658 675 53 184 149 82 641 2711,603 42 18 10 21,608 12,190 27,496 20,555 24,041 17,099 4,031 10,414 6,720 16,210 14,086 k 16,394 3,980 40,012 5,143 46,880 '5,380 49,800 12,505 12,715 8,000 4,362 1.767 1,127 217,406 89,300 179,120 198,064 181,421 81,169 52,829 162,543 103,854 p Preliminary/ §Data for October 1941 are for 5 weeks; other months, 4 weeks. IData for November 1940 and November 1941 are for 5 weeks; other months, 4 weeks. MONTHLY BUSUNusss STATISTICS—Continued Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1941 1941 1940 Octo- Octo- A u g u s t ^ ber ber Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1941 1940 October OctoSeptember August FOODSTUFFS-Contmued BUSINESS INDEXES Cheese: Income payments: t Consumption, apparent thous. of l b . _ Indexes, adjusted: Production, total (factory)... .do 78,300 141.0 Total income payments 1935-39*= 100115.8 ' 1 3 6 , 7 ' 139.1 Condensed and evaporated milk, case goods: 75 Salaries and wages. _ do... 7.996 Condensed, sweet'd, production...thous. oflb. 120.1 ' 145.1 ' 145.6 Total nonagricultural income do j3 Evaporated, unsweetened, production d o . . . 269,320 116.5 ' 1 3 5 . 9 '136.0 Total mil. ofdol *8,262 6,812 ' 7,277 ' 8 , 0 6 4 FUELS AND BYPRODUCTS »5,386 Salaries and wages, total do 4,397 ' 5 , 0 8 2 ' 5,255 Commodity-producing industries d o . . ~ » 2,472 1,755 ' 2,347 ' 2 , 4 0 0 Coal: Anthracite stocks, end of month: Distributive industries _ . . d o - - . M 121 1,009 ' 1,096 ' 1,114 In producers' storage yards '947 P947 942 Service industries. ___do—. 897 thous. of short tons.. 1,177 '715 i* 767 '617 Government do 609 In selected retail dealers' yards '79 *>79 80 Work-relief wages—do..-. 127 96 Bituminous: number of days' supply.. rS9 S 90 90 Direct and other relief ." do.-. rl47 '149 149 Soc. Sec. benefits and other lab. i n c — d o . - Industrial consumption, total 898 80 444 783 Dividends and interest do thous. of short tons.. 34,942 1,675 1, 812 1,512 1,393 Entr'l inc. and net rents and royal's do..~ Stocks, industrial and retail dealers, end of ' 7,097 7, 162 6,054 ' 6,466 Total nonagricultural income do month, total thous. of short tons.. 61,462 Manufacturers' orders, shipments, and inven51,562 Industrial.-. do tories:* Itetail dealers, total d o . . . . 9,900 v 192 '202 196 172 New orders, t o t a l . . . Jan. 1939=100-. LEATHER AND PRODUCTS P239 '260 257 235 Durable goods ..~do P323 '304 Production, boots, shoes, and slippers: 309 253 Electrical machinery do Total thous. of pairs.. 45,246 J-218 249 223 211 Iron and steel and their products do 555 Athletic do:... *258 '265 290 ^231 Other machinery do 271 All fabric (satin, canvas, etc.). ..do 265 269 Other durable goods do '258 1,004 Part fabric and part leather . do P162 131 157 Nondurable goods do ••165 36,578 High and low cut, leather, total .do 188 146 Shipments, t o t a l . . . do.--. '208 1,901 Boys' and youths' do 216 167 Durable goods.. --do '239 2,556 Infants' ...do J>162 84 148 Automobiles and equipment do '118 4,402 Misses' and children's... —..do 238 159 Electrical machinery do.--. '267 13,235 Men's T do 262 175 Iron and steel and their products do r265 14,484 P645 513 234 Trans, equip, (exc. automobiles) do Women's do '639 6,426 P275 262 162 Slippers and moccasins for house wear . . d o . . . . Other machinery. ....do '301 411 P227 226 173 All other footwear.. do Other durable goods do '237 164 128 Nondurable goods __..do METALS AND MANUFACTURES '180 P186 166 129 Chemicals and allied products do '188 Pig iron and iron manufactures: I>162 150 122 Food and kindred products do Boilers, range, galvanized: '174 133 Paper and allied products do 181 Orders, new, net..-.. number of boilers.. 74,581 rl92 Petroleum refining do 107 151 101,609 Orders, unfilled, end of month do '151 Rubber products do 203 163 69,972 Production__ do 228 Textile-mill products do 195 142 73,988 Shipments .do '206 *>162 164 132 Other nondurable goods do 17,599 Stocks, end of month do 167 Steel, crude and semimanufactured: 134.4 Inventories, total _,_Dec. 31,1938=100-. v 142.6 114.4 ' 137.8 v 155.2 146.0 121.2 Durable goods do Castings, steel: '150.6 * 181.2 151.9 Automobiles and equipment do 130.6 Orders, new, total. short tons.. 117,516 '173.8 P215.7 196.5 Electrical machinery do 122.1 Percent of capacity . 100.4 '202.2 P125.8 126.8 123.8 Iron and steel and their products do Railway specialties short tons— 32,935 ' 126.0 P554.2 474.3 Trans, equip, (exc. automobiles) do 228.8 135,272 Production, total... d o — '517.9 »159.2 149.8 Other machinery ...do 114.8 Percent of capacity . . - . . 115.6 '152.0 *118.4 115.5 104.9 Other durable goods *do Railway specialties _ short tons.. ' 116.8 Steel, manufactured products: v 129.0 107.1 Nondurable goods —do 121.8 ' 124.0 110.1 121.9 Chemicals and allied products d o . - - 124.6 Boilers, steel, new orders: ' 122.7 v 139.5 Food and kindred products do 132.0 101.0 Area.-,. thous. of sq. ft.. '134.2 v 119.0 114.6 110.3 Paper and allied products do.-. 958 Quantity number.. ' 117.0 102.2 Petroleum refining d o . - - M06.3 98.7 Furniture, steel: '104.1 P139.6 143.6 Eubber products __ .do 124.6 Office furniture: ' 135.6 P141.4 134.2 119.9 Textile-mill products do Orders, new thous. of dol.. 3,825 ' 135.8 P122.7 108.0 103.2 Other nondurable goods. do 7,247 Orders, unfilled, end of month do '113.9 4,311 Shipments do D O M E S T I C TRADE Shelving: Rural sales of general merchandise: 987 Orders, new do 183.8 170.7 158.4 Total U. S., unadjusted 1929-31*= l00_ 316.4 1,837 Orders, unfilled, end of month do 221.8 181.9 186.0 167.1 East __do 1,173 Shipments _do 299.9 239.8 183.9 212.3 South do 187.7 153.3 137.1 158.8 Electrical equipment: Middle West-._ do Domestic appliances, sales billed: 223.0 194.7 165.7 221.2 Far West .do Ranges* , .units.. 51,730 166.6 208.7 122.0 173.9 Total U. S., adjusted.. -do 132,972 Refrigerators .do 172.3 233.3 129.8 1B5A East do 127,190 Vacuum cleaners, floor type.— .do 202.4 255.0 143.3 217.2 South _ ....do 21,730 Vacuum cleaners, hand type do 147.8 185.8 107.9 154.9 Middle W e s t - . do Furnaces, electric, industrial, sales: 185.7 211.4 138.0 189.1 Far West ---do Unit kilowatts- 12,924 TEANSPOETATION Value *. thous. of doL. 1,060 Financial operations (Class I steam railways): TEXTILE P R O D U C T S Operating revenues, total . . . t h o u s . of dol-. 517,605 '413,712 493,674 488,979 Hosiery: Freight. do.—440,122 '348,196 410,213 411,241 Production thous. of dozen pairs.. 14,101 Passenger d o — - 42,231 33,465 49,773 43,521 21,238 Stocks, end of month do Operating expenses _ d o — - 361,502 '276,780 313,843 312,287 Cotton: Net railway operating income . . . . . d o — . 93,657 87,638 111,318 104,070 Stocks, domestic cotton In the United States, • total..., ...^ t .thous. of bales.. 19,886 CHEMICALS A N D ALLIED P R O D U C T S 4,712 On farms and in transit do Oleomargarine: 13,268 Warehouses do. Consumption (tax-pd. withd'ls)-.thous. o f l b . . 33,932 29,489 25,174 33,095 1,906 Mills. do. Production _ do 34,060 30,160 24,803 33,124 Finished cotton cloth, production: Paint sales: Bleached, plain thous. of yd.. 188,594 Calcimines, plastic, and cold-water paints: 143,718 Dyed, colors........ do Calcimines thous. o f d o l 178 218 183 195 Dyed, black .do 7,116 Plastic paints _ do—69 48 57 67 98,297 Printed do Cold-water paints: Wool: In dry form do 253 181 224 279 Consumption (scoured basis) :§ Apparel class thous. of lb._ 53,720 In paste form _ do 471 302 359 462 Carpet class..-...—_ ...do 12,255 Paint, varnish, lacquer, and fillers: Machinery activity (weekly average) :fi Total d o — 49,103 37,748 46,807 48,354 Looms: Classified, total _ do 34,786 27,347 33,575 33,981 Woolen and worsted: Industrial d o — . 16,823 12,594 15,868 15,071 Broad.— thous. of active hours.. 2,522 Trade.... d o . - . 17,962 14,753 17,707 18,910 94 Narrow do Unclassified _ do 14,317 10,401 13,233 14,373 246 Carpet and rug do Butter: FOODSTUFFS Spinning spindles: do.. 12.470 Woi ' Voolen. Consumption, apparent thous. o f l b . . <•) ' 159,559 ' 150,700 147,007 127,204 d Worsted. Production, creamery (factory) do 136.405 136,759 172,500 149,715 'Revised. * Preliminary. * Data for September are the latest available. *New series. See note on corresponding item in the November 1941 SURVEY. tRovised series. See note on corresponding item in the November 1941 SURVEY. IData for 1941 include a small number of pairs of shoes other than men's leather (nurses, athletic, etc.) made for Government contract. § Data for October 1940 and October 1941 are for 5 weeks; other months, 4 weeks. u. s. GOVERNMEN 70,532 1941 66,496 ' 87,510 ' 66,765 '82,500 ' 7,920 ' 9,793 ' 8,017 172,641 292,597 '282,309 1,112 414 708 49 48 59 30,333 32,400 -•31,928 51,564 52,801 '56,994 42,464 45,011 48,044 9,100 7,790 8,950 37,027 497 324 815 28,805 1,533 2,132 3,511 10,265 11,365 6,341 244 44,985 513 225 '816 37,459 > 1,696 '2,468 '4,048 11,577 17,671 5,638 433 106,716 42,094 97,266 96,741 38,488 68,854 86,451 63,729 60,212 28,495 12,327 96.0 49,349 83,938 71.7 31,811 L 47,316 115,066 125.9 52,207 117,703 118,543 100.6 101.3 44,290 43,995 43,568 509 273 1,017 35,360 1,812 2,384 4,022 11,788 15,354 5,975 80,046 101,016 58,635 65,481 21,615 l,70S 1,221 1,411 1,246 1,747 1,131 1,728 3,090 4,259 8,058 4,139 3,778 7,733 4,186 1,765 1,166 1,284 2,022 1,027 797 599 34,714 88,187 114,699 38,270 50,759 66,206 270,543 164,521 150,620 182,550 27,686 33,239 16,965 1,341 18,312 1,522 22,291 1,733 13,586 23,879 11,495 23,904 11,969 22,107 20,401 5,278 13,82fl 1,297 21,628 20,992 10,774 7,990 fi,233 11.4E3 1,621 1,549 154,479 L26,610 8,238 10,657 .71,667 185,786 132,177 138.437 6,113 97,283 98,757 39,240 11,387 39,824 11,144 42,856 10,120 77 205 2,602 91 251 '2,513 91 240 88,051 118,533 04,138 125,902 113,067 123,512
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