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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 18, 1941
SUMMARY OF BUSINESS TRENDS
TMMEDIATE readjustment to war conditions proceeded after
the attack by Japan. Mobilization of the Nation's resources
for production of an ever-growing volume of military supplies was
accelerated. As the President indicated, principal raw material
shortages are in the metals, and output of civilian commodities
embodying these must be further curtailed as new armament
plants begin activity. Quick action was taken to conserve
rubber as the use of stocks was restricted and sales of new tires
were temporarily suspended. Additional cuts were also made in
automobile quotas for December and January. Automobile production this month and next will not exceed 40 and 25 percent
of tfie output in the like months a year ago.
Rubber, tin, chrome, and hemp are the most important commodities whose supplies are affected by the Eastern conflict.
In each instance, however, stockpiles have been built, and only
civilian uses will suffer. Complete control of existing stocks is
expected to be assumed by the Government; so the incidence of
curtailment will be rationally effected.
Prices in many wholesale commodity markets reacted strongly
to the new war situation, though the rise was not comparable to
that in September 1939. The Bureau of Labor Statistics' index
of basic commodity prices movedjfrdrh1 15677 on December 5 to
160.2 on December 12. Both domestic and import commodities
participated in the rise. However, many of the prices of raw
material imports were held stable by reason of their already
being under price control while a number of others were placed
under such control during the week. This latter factor, plus a
substantial anticipatory rise in previous months, prevented a
more extreme advance.
In the security markets, the first week of war brought a further
decline, but no serious break developed. The Dow-Jones 65stock average dropped from 39.25 on December 6 to 36.14 on
December 10, and closed the week on December 13 at 36.66.
Over the week, the Dow-Jones bond average declined from 90.10
to 87.91.
Little change is recorded by weekly production data, as industries covered by such series are already operating at near capacity
limits in most instances. Bituminous coal production has
recovered its pre-strike level, and power output in the Southeast
has been stepped up by heavy rains. Freight carloadings remain
in large volume as seasonal declines continue to be smaller than
usual.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
ELECTRIC POWER PRODUCTION
FREIGHT-CARLOADINGS
(BILLIONS OF KILOWATT HOURS)
(THOUSANDS OF CARS)
(PERCENT OF CAPACITY)
4.0
3.5
1941
3.0 1
'
^
—. *"
2.5
2.0
1 5
150
——%/~
*
1939-*
.-
i
i
i
AUT0M08ILE PRODUCTION
BITUMINOUS COAL PRODUCTION
(THOUSANDS OF VEHICLES)
(DAILY AVERAGE-THOUSANOS OF TONS)
MISCELLANEOUS CAR LOADINGS
(THOUSANDS OF CARS)
1941
120
90
(941
60
*194O^^
30
0
i
»
i
,
"WEEKLY WHOLESALE
,
i
,
,
A
vW
goo
•"
PRICES OF 3 5 4 INDUSTRIAL STOCKS
PRICE INDEX, A L L COMMODITIES
(1926* 100)
(1935-39 • 100)
70
COTTON CONSUMPTION
INDUSTRIAL PRODUCTION
(DAILY AVERAGE- THOUSANDS OF BALES)
(SEASONALLY ADJUSTED, 1935-39- 100)
180
45
HONTHLY DATA
160
40
140
35
120
30
100
25
80
60
MONTHLY
DATA
20
,. i;. L . i,.
1939
430636—tl
. . i ,. L . i ..
1939
., i.. l..
1940
i..
. , i , . l . . i ,
1941
•i
..i,
15
IS33
, . ! i i i i i 1 i i
. 1. . i , ,
1939
1940
1941
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]
1941
1939
1940
Dec. Dec. Nov. Nov. Nov. Dec. Dec. Dec.
7
13
6
29 22 15 14
16
1941
Dec.
1940
1939
Dec. Dec. Nov. Nov. Nov Dec. Dec. Dec. Dec.
13
6
29 22 15 14
7
16
Finance:
Business activity:^
82.7 80.7 80.7 80.7 80.7 83.0 83.2 91.1 91.4
Bond yields*
132.7 133.4 129.8 130.1.1 121. 3 120.2 113.4 113.0
New York Times§....
. . . 117.'.5
!. 0 124.4
124. 123.2 118.0
73.0 76.3 75.8 76.7 76.8 87.4 86. 7 100.3
Stock prices?
Barron's, 1923-25=100
139.1 141.7 137.9 142.0
Banking:
163.9 164.5 162.9 161.9 143.0 141 3 125. G 125.4
Business Week A, 1923-25= 100..
Debits, outside N. Y. C.t—- 140.5 195.3 157.3 170. 5 144.1 116.6 130.8 112.5 133.2
Commodity prices, wholesale:
Federal Reserve reporting
Dept. of Labor:
member banks:
92.2 92.3
92.3 79.7 79.8 78.7 79.0
Combined index, 1926=100.
Loans, total
90.8 91.1
132.6 131.4 131. 5 131..7132.1 ]108.5 106.9 103.5 100.9
90.7 68.8 69.8 66.8 67.4
Farm products
Currency in circulation^
_ 171. 2 169.1.1 167. 0 166.0 165.0 136.2 135.3 119.6 119.0
73.5 73.9 71.1
88.7 89.2
Food..
Failures, commercial, 1939=100- 81.3 74.9 71.7 66.4 71.7 91.2 92.9 95.4 104.9
13.7 93.7
93.6 84.4 84.4 84.1
Allother
_
Production:
159.8 156.7 155.0 154.6 153. 7 117.7 117.7 123.6 122.1
28 basic commodities©
124.4 119.5 121.2
Automobiles
Fisher's index, 1926=100:
>. 6 120. 5 170.0 16S. 5 153.4 149.7
Bituminous coalf
84.9 85.0 85.2 84.9
100.1
Combined index
1.2 99.0 98.6
137.3 150. 7 124.3 153.0 126.7 125.9 115.2 118.2
112.9 112.9 112.9 112.9 112.9 112.9 112.9 117.7 117.7
Copper, electrolytic^
Cotton manufacturingt
161. 5 158.5 161.9 137.'.6 135.8.
"
Cotton, average, 10 markets
157.3 157.1 151.7 150.6 150.6 90.6 90.6 100.0 92.6
Electric power
158.2 154.6 150.5 155.1 14l.0l39.7 125.5 124.fi
185.2 162.9
1
Petroleum!
96.8
Construction contracts!
120.9
129.8 129.1 137.0 129.1 113.0 114. J 122.1
Distribution:
Steel®
180.5 180.6 177. 5 179.5 178.8 167.9 169. 5 160.3 163.1
127.8 132.8 122.6 135. 5 112.9 113.3 104.0 104.9
Carloadings
Receipts, primary markets:
109.9 119.3 198.7 168.7 126.6 125.8 143.3 160.1 139.9
214 168 128 148 232 197 235 188
Department store sales
Cotton...
101.4 .92.0 .83.7 80.7 80.3 43.8 43.0 52.9
Employment, Detroit, factory,
Wheat.
113.6
119.9 121.5
1923-25=100
_ ^ _ - _
119.7
•Data do not cover calendar weeks in all cases.
^Seasonally adjusted.
JComputed normal=100.
AKevised 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.
fSeasonally adjusted index compiled by the N. Y. Cotton Exchange.
®Index for week ended Dec. 20, is 181.2.
{Daily average.
WEEKLY BUSINESS STATISTICS*
1940
1941
Dec. 13
Dec. 6
Nov. 29
Nov. 22
Nov. 15
Dec. 14
1939
Dec. 7
Dec. 16
1938
Dec. 9
Dec. J7
Dec. 10
COMMODITY PRICES, WHOLESALE
Copper, electrolytic,
New YorkJ...
dol. per lb_.
Cotton, middling, l^W, average, 10 markets!
do
Food index (Dun <fc Bradstreet)
do
Iron and steel, composite..
-dol. per ton..
Wheat, No. 2, Hard Winter (Kansas City) .dol. perbu..
FINANCE
Banking:
Debits, New York City
._
.mil. of dol..
Debits, outside New York City (140 cities)
do.
Federal Reserve banks:
Federal Reserve bank credit, total
do
U. S. Government securities
do
Member bankreserve balances
do
Excess reserves, estimated
..do
Federal Reserve reporting member banks:
Deposits, demand, adjusted
_do
Deposits, time
do.
Investments, total§
do.
IT. S. Government direct obligationsdo
Obligations fully guaranteed by U. S. Government
_,
mil of doL.
Loans, total§
do
Commerc'l, indust'l, and agricult'I Ioans§...do
Interest rates, call loansi
percent..
Interest rates, timeloanst
..do
Currency in circulation}:
mil. of dol..
Exchange rates: Pound sterling*
dollars...
Failures, commercialnumber..
Security markets:
Bond sales (JV. Y. S. I?.)... thous. of dol. par value..
Bond yields (Moody's) (120 bonds)t.percent..
Stock sales (N. Y. S. E.)
..thous. of shares..
Stock prices (N. Y. Times)t
dol. pershare..
Stock prices (Stand, and Poor's) (402) V_ 1935-39*= 100._
Industrials (354)
_
do
Public utilities (28)
1
do....
Railroads (20)
do
0.118
.171
3.37
38.15
1.21
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
.099
2.49
38.28
0.118
.099
2.48
38.18
.85
0.123
.109
2.32
37.19
0.123
.101
2.32
37.26
.93
0.110
0.110
2.38
36.38
.67
2.39
36.36
.67
4,060
5,888
4,385
6,665
3.036
5,530
4,385
7,141
3,224
5,029
3,538
4,883
3,746
5,247
3,799
4,707
3,689
4,648
3,676
4,149
3,839
4,380
2,286
2,196
13,219
3,842
2,289
2,184
13,178
2,284
2,184
13,126
3,799
2,307
2,184
12,942
2,263
2,184
12,707
3,540
2,241
2,184
14,152
6,785
2,266
2,195
14,154
6,816
2,543
2,512
11,288
4,849
2,568
2,512
11,617
5,154
2,600
2,564
9,034
3,476
2,591
2,564
8,966
3,442
24,682
5,404
18,534
11,932
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
22,403
5,384
15,925
9,582
22,131
5,365
15,891
9,584
18,981
5,251
14,652
18,824
5,237
14,516
8,724
16,221
5,130
13,008
8,080
16,114
5,127
12,990
8,087
2,951
11,357
6,675
1.00
1.25
10,861
•4.035
230
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
1.00
1.25
10,531
* 4.034
188
2,929
11,317
6,633
1.00
1.25
10,467
* 4.034
203
2,729
9,299
4,992
1.00
1.25
8,643
-4.035
258
2,723
9,162
4,942
1.00
1.25
8,5S5
<* 4.035
263
2,413
8,871
4,416
1.00
1.25
7,588
3.933
270
2,415
8,646
4,378
1.00
1.25
7,553
3.905
297
1,696
8,496
3,872
1.00
1.25
6,881
4.670
1,685
8,460
3,881
1.00
1.25
6,849
4.681
62,030
3.35
9,820
78.98
70.9
72.7
66.3
58.6
45,660
3.27
5,733
82.55
76.9
78.5
72.6
67.4
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
56,270
3.36
4,189
94.61
85.6
85.5
91.6
70.8
43,480
3.37
3,117
93.80
85.1
85.2
90.4
70.3
41,070
3.69
4,168
108.53
97.0
97.5
101.6
79.3
38,590
3.70
3,850
108.06
97.7
98.2
101.5
80.1
57,080
3.97
7,356
104.48
98.2
101.2
91.5
76.9
41,080
3.96
4,616
102.27
96.3
99.0
91.0
74.0
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
92,990 131,175 130,040 118,405 115,488 102,905 100,705
Automobiles (Ward's).
number..
93,495
95,990
76,820
92,205
1,497
1,636
1,402
1,536
1,646
1,988
1,958
Bituminous coalj.
thous. of short tons..
1,391
1,615
1,783
2,674
2,976
3,004
2,377
2,654
3,293
2,390
3,304
3,205
3,369
Electric power A
mil. of kw.-hr_.
3,866
3,613
3,579
4.087
3,245
3,276
3,827
4,337
4,108
4,087
Petroleum!
__
..thous. of bbl__
91.2
96.9
96.0
95.9
57.6
97.0
97.6
59.9
92.8
96.6
97.5
Steel©
pet. of capacity..
15,313
12,894
Construction contract awards}
thous. of dol..
17,417
Distribution:
833,375 866,189 799,386 883,839 736,332 738,513 678,132 683,973 606,003 618,964
Freight carloadings, total
.cars...
163,632 177, G80 141,881 181,079 162,941 160,973 143,815 137,675 132,711 134,595
Coal and coke
do
34,996
29,132
28,043
34,137
39,833
39, 593
43,267
44,447
39,725
41,005
Forest products
do
38,310
35,959
34,413
35,552
35,465
33,056
40,297
40,902
41,022
42,754
Grains and grain products.
do
14,971
13,177
14,546
13,411
15,596
13,727
15,741
14,647
13,201
14,631
Livestock
_
do
148,091
154,216
151,328
150,154
155,319
153,
622
156,278
152,503
141,257
156,420
Merchandise, 1. c. 1
do
8,260
11,858
10,281
11,339
12,488
13,355
57,934
47,396
55,027
36,087
Ore
.do
238,673 245,758
378,846 388,614 367,273 389,243 320,038 318,839 289,724 291,947
Miscellaneous...
do
Receipts:
241
195
288
252
209
266
Cattle and calvesf
thousands..
470
460
344
296
386
409
Hogsf
_
.do
219
326
161
334
393
373
293
295
463
256
278
Cotton into sight
..thous. of bales..
2,679
4.407
3,874
3,837
2,346
2,391
4.385
4,570
5.536
5,024
Wheat, at primary markets
thous. of bu..
2,837
JDaily average.
• Data do not cover calendar weeks in all cases.
« Free rate.
1 Revised series. Pee table 32, pp. 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 Dee. 20 is 97.9; data beginning with July 1941 arc based on estimated capacity, June 30.1941 (see not(- 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.
A Data revised beginning in the June 19,1941, issue to include certain additional governmental and industrial power generation not previously reported.
MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
1941
1940
Novem- Novemtemper <***er
ber
ber
1940
October
92.9
79.6
92.2
90.2
89.5
101.9
85.5
73.1
77.2
86.3
87.5
98.1
90.8
76.9
89.4
89.4
88.9
107.5
93.7
105.2
103.2
97.5
105.9
109.5
103.7
97.7
89.3
••92.4
95.6
86.8
101.2
95.5
104.1
105.9
99.9
4,344
535
2,570
1,239
5,050
1,195
2,197
1,658
6,072
1,624
2,635
1,814
p 148.1
v 148.1
115.3
115.3
137.8
140.7
Stocks, cold storage, end of month—Continued.
Total meats
__
..mil. of lb..
730
78S
649
724
Beef and veal..
....thous. oflb.. 115,468 71,508 73,306 r 89,793
78.3
4,093
Lamb and mutton
do
4,427
' 4, 783
6,400
90.7
Pork, total
do
529,195 646,492 589,322 490, 694
90.0
Fresh and cured
do
352, 272 408,900 371, 362 3.13, 268
89.2
Lard
do
176, 923 237, 592 217,960 177,426
r 101.5
Poultry _
_
do
172,436 159,110 96,701 127,981
Livestock:
Cattle and calves:
108.2
2,200
Receipts, principal mkts..thous. of animals.. 2,023
2,453
1,868
Disposition:
102.1
1,198
Local slaughter.
___
do
1,209
977
1,054
96.5
956
Shipments, total
;..
do
892
1,196
961
105.7
514
Stocker and feeder
do
496
580
10S.5
Hogs:
101.6
2,004
3,595
Receipts, principal markets
do..-. 2,832
2,542
Disposition:
1,488
Local slaughter
do
2,682
1,905
2,098
504
905
Shipments, total
do
616
727
37
Stocker and feeder.
do
47
42
45
Sheep and lambs:
6,975
2,465
2,833
1,776
Receipts, principal markets
do
1,818
2,885
Disposition:
2,460
1,004
908
Local slaughter
do
1,018
905
1,630
1,406
883
Shipments, total
do
1,820
945
592
Stocker and feeder.
do
320
379
Tropical products:
Raw sugar, United States:
Meltings, 8 ports
long tons. 331,299 350,401 459,297 404, 252
Stocks at refineries, end of month
do
352,584 295,661 398,901 355,071
145.8
145.1
LEATHER AND PRODUCTS
p 130.7
p 127.0
112.9
109.7
120.4
125.3
'122.0
' 123.9
CONSTRUCTION AND REAL ESTATE
Highway construction:
Concrete pavement contract awards:
Totalf
thous. sq. yd.
Airports*
do...
Roads
do...
Streets and alleys
do...
DOMESTIC TRADE
Retail trade:
Chain-store sales, indexes:
Grocery chain-store sales:
Unadjusted
1929-31 = 100.
Adjusted
do...
Variety-store sales, combined sales, 7 chains:
Unadjusted
_ 1935-39=100.
Adjusted..
...'.do...
Mail-order and store sales:
Total sales, 2 companies.-, thous. of dol.
Montgomery Ward & Co
do.
Sears Roebuck & Co
do..
152,308
63,345
88,903
FINANCE
Banking:
Bank debits, total (141 cities)
mil. of dol..
New York City
do....
Outside New York City
..do....
Capital flotations:
Securities issued, total.
thous. of dol..
New capital, total
do
Domestic, total..J.
do,...
Corporate, total.
do....
Farm loan and other Gov. agen_..do....
Municipal, State, e t c .
do
Refunding, total
do...
Domestic, total
do...
Corporate, total
do...
Farm loan and other Gov. agen._.do__.
Municipal, State, etc
do
Corporate securities issued by type of borrower,
total
thous. of dol..
New capital, total
do
Industrial...
do,...
Public utilities..
do....
Railroads
do....
Refunding total
.do
Industrial
do....
Public utilities
do....
Railroads
do
127,938 145,495 164,394
54,613 59, 780 68,138
73,324 85, 714 96,256
Hides and skins:
Livestock (federally inspected slaughter):
Calves
thous. of animals..
Cattle
do
Hogs
.
do
Sheep and lambs
do
476
941
4,561
1,424
462
884
5,419
1,462
447
1,004
2,920
1,567
1,119
4,157
1,682
148,000
201
4,403
57,165
216
4,717
156,265
214
4,856
6,469
97
6,820
96
7,243
99
METALS AND MANUFACTURES
41,152
16,077
25,075
35,771
14,952
20,819
39,964
15,654
24,310
46,463
19,148
27,315
237,815
110,379
110,379
89,427
0
20,952
127,436
127,436
42, 384
31, 075
53, 377
441,858
263,536
263,536
168,943
42,000
r 52,593
178,322
178,322
93,943
59,465
' 24,915
273,400
64,856
64,856
34,265
0
30, 591
208,544
208,544
161,391
26,955
20,198
299,302
132,066
132,006
103, 261
0
28,805
167,236
167.236
97,050
34,822
35,364
131,811 262,886 195, 656 200,311
89,427 168,943 34, 265 103,261
2,834 11,552 63,178
43, 578
5.840
40,687 141,335 7,922
1,210 23,840 7,060 21,329
42,384 93,943 161.391 97,050
16,890 53, 586 22, 782 16,336
21,841 24,894 102,098 74,058
4,000
1,329 34,837
0
TRANSPORTATION
Class I steam railways:
Freight carloadings (Fed. Res. indexes) :t
Combined index, unadj
1935-39=100. _
Coal
do.
Coke
do.
Forest products
do.
Grains and grain products
do.
Livestock
do.
Merchandise, 1. c. 1
do.
Ore
do.
Miscellaneous
do
Combined index, adjusted
do
Coal
do
Coke
:
do
Forest products
do
Grains and grain products
do
Livestock
do
Merchandise, 1. c. 1
do
Ore
..do
Miscellaneous
do
141
135
168
143
115
117
101
199
150
135
121
159
146
118
93
99
204
144
122
121
159
129
96
124
98
145
125
116
109
150
131
98
98
97
181
120
145
140
172
149
122
111
102
261
150
130
133
176
138
111
84
97
149
135
144
138
165
147
104
140
101
232
151
127
121
165
140
97
95
97
178
133
Pig iron:
Furnaces in blast, end of month:
Capacity...
short tons per day. 156,855
Number
,
215
Production f
thous. of short tons.
4,703
Steel ingots and steel for castings:!
Production
...thous. of short tons
0,970
Percent of capacity,.
98
Nonferrous metals:
Copper:
Production:
Mine or smelter (including custom
intake)
short tons 84,020
Refinery
_
do... 84,799
Deliveries, refined, total
do... 123,168
Domestic
do._. 123,168
0
Export
do...
Stocks, refined, end of month
do... 72,352
Zinc:
Production, slab, at prim. smel..short tons. 74,710
Shipments, total
do... 73,122
Domestic
do... 60,913
Stocks, refinery, end of month
do... 23,182
PAPER AND PRINTING
Paper:
Newsprint:
Canada:
Production
short tons 300,308
Shipments from mills
do... 320,860
Stocks, at mills, end of month
do... 142,030
United States:
Production
do... 82,621
Shipments from mills
do... 84,331
Stocks, end of month:
At mills
do...
9,904
84,283 81,839
96,283 81,553
102,483 121,021
102,4S3 121,021
0
0
158,418 63,670
' 86,054
86, 617
121,457
121, 313
144
67, 260
73,225
71,767
64,673
19,427
75, 930
73,813
r 61, £94
23,182
282,344 29S, 276
286,739 305,010
175,931 148,480
318,787
304,685
162, 582
85,338
87,331
78,657
80,252
87,06S
87,318
16,655
ll ( 8fi4
11,614
741,170 S75,682
953,600
37.0
4.9
41.7
'5.4
61,502
66,064
61,200
22,498
TEXTILE PRODUCTS
Cotton:
. Consumption
Rayon:
Deliveries (consumption), yarn*
Stocks, yarn, end of mo.t...
Silk:
Deliveries (consumption)
Stocks, end of month:
United States (warehouses)
bales
S49,733
mil. oflb.
do...
38.6
4.5
34.8
6.7
bales.
5,676
36,374
4,685
4,160
do...
55,486
60,330
S3,008
57,508
6,272
6,073
42
42
4,134
3,981
8
5,168
5,044
38
30
7,551
6,626
28
28
TRANSPORTATION EQUIPMENT
FOODSTUFFS
152,526 67, 598 202,957
188,225 '137,389 188,337
186,635
188,727
1,969 5,441
91,273 178,438
95,531 102,191
3,857
153,843
107, 255
1,657
129,899
115,445
' 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.
X See note on corresponding item in the November 1941 SURVEY.
1941
Novem- November
temb'er
ber
FO ODST UFFS—C ontinued
COMMODITY PBICES
Cost of living:
National Industrial Conference Board:
Combined index
1923=100.
Clothing
do...
Food
do...
Fuel and light
..do...
Housing
.
_.do.__
Sundries
do...
Retail prices:
Fairchild's index:
Combined index
Dec. 31, 1940=100.
Apparel:
Infants'—
do...
Men's, _
do...
Women's.
do...
Home furnishings
do...
Piece goods
do...
Stocks, cold storage, end of month:
Butter, creamery
thous. of lb_.
Cheese, total
do
Eggs:
Shell.
thous. of cases..
Frozen
..thous. of lb
Fish, total (15th of month)
do
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
Railway equipment:
American Railway Car Institute:
Shipments:
Freight cars, total
Domestic
Passenger cars, total
Domestic
v Preliminary.
number
do..
..do...
do..
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
1940
1941
October October August
1941
1940
1941
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
October October August Septo
CTION AND REAL
ESTATE
CHEMICALS AND ALLIED
PRODUCTS-Continued
Cellulose plastic products—Continued.
Cellulose-acetate sheets, rods, and tubes:
21
17
Consumption
thous. of lb..
19
630
573
585
Production
do
114,400 129,727 129,934
944
712
622
580
Shipments
do
Moulding composition:
40,782
41,610 42,987
1,926
3,439
2,991
2,670
Production
do
58,052
40,771 55,973
1,783
3,453
2,506
2,813
Shipments
.
do
15,871
16,840 15,785
LUMBER AND MANUFACTURES
5,884 National Lumber Mfrs. Assn.:t
5,571
5,756
9,345
9,411
9,423
2,755
2,895
2,671
2,716
Production, total
mil. of bd.ft..
426
394
377
3S0
Hardwoods...
do
54,786
48,307 57.592
2,245
2,361
2,339
2,515
Softwoods...
do
54,303
46,224 54, 542
2,784
2,947
2,786
3,022
Shipments, total.
..do
20,845
19,869 17.593
453
432
418
411
Hardwoods.
..do
32.9
48.8
33.5
2,494
2,354
2,366
2,611
Softwoods
do
6,904
6,154
6,130
6,220
Stocks, gross, end of month, t o t a l . - . . d o —
1,548
1,280
1,243
1,299
Hardwoods
do—
5,356
4,874
4,887
4,921
Softwoods
do—
Softwoods:
Southern Pine:
41.6
41.2
949
692
671
Orders, newt—
-do
35.10
29.84
34.10
600
633
715
762
Orders, unfilled, end of month
do
'.845
.744
.828
827
703
748
708
Productiont
do
952
753
742
882
Shipmentsf
do
Life insurance:
1,556
1,375
1,422
1,456
Stocks, end of month
do
Premium collections, total<8L.thous. of doL 261,865 246,403 245,173 251,887
Western Pine:
21,478
22,840 21,941 20,732
Annuities
do...
546
454
541
518
Orders, newf
...do
13,828
14, 637 12,368 13,149
Group...
do...
486
554
401
479
Orders, unfilled, end of monthf
do.-..
60,842
55,085 51,766 56,423
Industrial
do...
544
641
'661
rC84
Productiont—
d
o
.
.
.
.
Ordinary
do... 168,703 160,328 154,869 155, 738
592
5S8
r 619
r611
Shipmentst
do
Bonds:
1,997
1,754
1,828
•• 1,775
Stocks, end of month
do
Prices:
West
Coast
Woods:
Standard and Poor's Corporation:
720
705
671
679
Orders, newt
do
85.6
83.6
86.0
85.6
Composite (00 bonds)..dol. per $100 bond
681
699
772
607
Orders, unfilled, end of month
do
91.2
89.2
91.0
91.1
Industrials (20 bonds)
do. _ _
733
659
813
778
Productiont
do
101.6
100.6
101.2
101.6
Public utilities (20 bonds)
do....
734
826
752
Shipmentst
do
63.9
61.0
65.9
64.2
Rails (20 bonds)
.
do...
821
819
854
Stocks, end of month..
do
131.2
124.6
131.0
133.0
Domestic municipals (15 bonds)...do.. _
METALS AND MANUFACTURES
Sales (Securities and Exchange ComIron
ore.
Lake
Superior
district:
mission) :
Consumption by furnaces
Total on all registered exchanges:
6,534
6,051
6,612
6,448
thous. of long tons
Market value.—
thous. of doL. 125,151 114,881 87,766 105,508
10,009
11,430
7,607
10,243
Shipments from upper lake ports
do
Shares sold
thousands.. 209,211 185,154 160,891 177,029
41,125
43,946
36,469
40,770
Stocks,
end
of
month,
total
d
o
—
On New York Stock Exchange:
89,563 Electrical equipment:
Market value
thous. of doL. 109,880 93,532 74,506
Motors (1-200 hp.):
Shares sold
thousands. 189,939 159,704 144,101 155,537
Polyphase induction, billings
Yields:
3,703
5,765
6,298
6,016
thous. of dol..
Standard and Poor's Corporation:
4,731
5,825
6,903
6,560
Polyphase induction, new orders.. . d o —
Domestic municipals (15 bonds)
1,212
1,761
2,314
1,843
Direct current, billings....
...do
2.00
percent..
2,674
3,395
2,903
3,057
Direct
current,
new
orders
do
. Stocks:
PAPER AND PRINTING
Prices:
Wood pulp:
Standard and Poor's Corporation:!
Production:
Combined index (420 stocks)
761,372 820,838
791,658
Total, all grades
....short tons.. C)
83.6
86.0
83.2
80.4
1935-39=100
Chemical:
84.8
85.4
84.3
81.6
Industrials (350 stocks)
do....
346,643 384,432
366,362
396,929
Sulphate,
total
..do
87.8
88.0
90.1
82.2
Capital goods (107 stocks)
do
312,395
338,740 291,929 323,509
Unbleached
do
Consumer's goods (194 stocks)
Sulphite, total..
.
do... 263,129 224,233 247,231 240,272
82.9
81.2
do
79.0
135,766
141,729
147,235
155,239
Bleached
do...
81.3
81.0
93.7
Public utilities (40 stocks)
do...I
78.5
50,295
Soda
do.--- 155,263 46,474 54,775
72.6
72.6
74.4
Rails (30 stocks)
do....
70.3
144,022 134,400
134,729
Qroundwood
do...
Sales (Securities and Exchange CommisStocks, end of month:
sion) :
156,200 113,100
99,400
Total, all grades
..do.._
W
Total on all registered exchanges:
Chemical:
Market value
...thous. of dol.. 493, 570 591,703 415,088 512,750
14,500
Sulphate, total..
. . . d o — 15,300 34,300 15,500
24,682
Shares sold
...do.
24,720 24,006 22,087
10,100
9,900 30,200 10,700
Unbleached—
do
On New York Stock Exchange:
37,600
Sulphite, total
. . d o . . . . 38,700 83,800 38,000
413.151 505,193 346,227 426,839
Market value
_
..do.
52,500
23,100
22,100
22,700
Bleached
...do
18,021
Shares sold
do.
18,508 18,522 15,858
7,600
4,900
6,100
Soda
—
do—
C) 30,500
TRANSPORTATION
42,400
53,500
34,400
Ground wood
do
Waterway traffic:
Paper:
Clearances, vessels in foreign trade:
Total paper, incl. newsprint and paper5,433
6,011
6,072
Total U. S. ports
thous. of net tons..
6,646
board:
3,679
3,978
Foreign
do.
4,040
4,418
,003,971 ,161,261 ,137,340
Production
short tons..
1,753
2,033
United States
_•
do.
2,229
2,031
Paper, excL newsprint and paperboard:t
Travel:
435,059 572,746
548,448
Orders, new
short tons:.
Operations on scheduled airlines:
442,610 532,553
520,278
Production
--do—
1,962
Miles
flown.
thous. of miles..
1,843
1,761 10,635
432,521 541,964
529,817
Shipments.
_-'
do
Express carried
_
pounds.. .2,200,352 329,843 12,471,701
1^,471,701 12,127,483
Fine
paper:t
455,647
Passengers carried
number.. 420,393
447,316
41,643
76,968
65,706
Orders, new...
do
158,151
Passenger-miles flown
thous. of miles.. 150,920 125,924 158,068
44,751
54,074
55,065
Production
do—
Communications:
43,448
59,365
56,532
Shipments..
'..do
Telephone carriers:
49,155
64,093
49,078
Stocks, end of month
__do_—.
Operating revenues
..thous. of dol..
113,087 119,224 121,259
Wrapping paper: t
Operating expenses
do
79,159
72,841 77,034
183,054
105,209 195,492
Orders, new
do...
23,004 ' 19,553 20,477
Net operating income t
do.
180,853
162,492 190,581
Production
__do....
Phones in service, end of month
185,418
159,429 195,017
Shipments
do....
20,817
19,446 20,657
thousands..
71,809
70,545
81,508
Stocks, end of month
do. .
Telegraph and cable carriers:
Paperboard:
Operating revenues, total^thous. of dol.
12,555
11,442 12,674
Consumption, waste paper
d o — 464,446 333,739 411,073 422,361
Telegraph carriers, total
do....
11,461
10,622 11,616
542,792
565,853
595,634 486,181
Orders, new
do..
Western Union Telegraph Co., rev
538,405
545,116
583,668 473,169
Production
do..
enues from cable operations
218.257
237,339
249,860
189,163
Waste paper stocks, at mills
do..
518
441
thous. of dol
499
TRANSPORTATION EQUIPMENT
821
Cable carriers
do.
1,094
1,058
Operating expenscsf
do
Automobiles: .
9.695 10,758
10,830
Financing:
„,
1,065
782
•1,012
Operating incomef
do
Retail purchasers, total
thous. of dol.. 106,680 151,899 172,801 104,079
536
Net incomef
do
401
568
43,427
83,518
89,475
50,074
New cars
...do.
Radiotelegraph carriers, operating reve
60,370
88,724
Cl, 933
56,303
Used car?
—
—
do.
nues
thous. of doL
1,205
1,267
1,264
281
558
492
303
CHEMICALS AND ALLIED
Unclassified
--do—
89,333
91,773
Wholesale (mfrs. to dealers)
do . . . 198,874 221,253
PRODUCTS
Retail automobile receivables outstandCellulose plastic products:
1,115
1,494
1,435
1,560
Nitro cellulose, sheets, rods, and tubes:
ing, end of month*
mil. of doL.
Consumption
thous. of lb.
Registrations:
252
284
247
243
Production.
„
do
New passenger cars
...number. 165,485 290,4P5 246,595 125,293
1,521
1,480
1,096
1,437
48,356
56,191
41,352
43.892
Shipments....
do.
New commercial cars
do.-1,630
1,136
1,565
1,510
* Revised.
<• Data for September latest available.
JEarlicr data for 1941 revised as follows: Jan., 19,370; Feb., 19,375; Mar., 20,986; April, 20,639; May, 20,164; June, 21,037; July, 18,554.
®See corresponding item in November, 1941 SURVEY.
'New series. See corresponding item in November, 1941 SURVEY.
U. S. GOVERNMENT PRINTING OFFlCEi t » 4 l
tRevised series. See corresponding item in November, 1941 SURVEY,
Real estate:
Estimated now mortgage loans by all savings and loan associations, total
thous. of dol.. 127,938
Classified according: to purpose:
Mortgage loans on homes:
Construction
do.._. 37,722
59,874
Home purchase
do
16.283
Refinancing
_.do
5,361
Repairs and reconditioning
do
Loans for all other purposes
do
Classified according to type of association:
Federal
thous. of dol.. 52,507
54,930
State members
do.
20,501
Nonmembers
do.
34.2
Foreclosures, nonfarmf
1935-39=100..
EMPLOYMENT CONDITIONS AND
WAGES
National Industrial Conference Board:
Average weekly hours per worker in factories
41.7
hours.
35.63
Factory average weekly earnings...dollars.
.853
Factory average hourly earnings
do...
<•)•
@FedFRASER