The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. CM DECEMBER 24, 1942
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
(1335-39' 100)
ELECTRIC POWER PRODUCTION
BITUMINOUS COAL PRODUCTION
(DAILY AVERAGE-THOUSANDS OE TONS)
(BILLIONS OF KILOWATT HOURS)
^ 1942
*
A
^
-
A t' _A
^
1940 **
1941 - ^
,
,
.
1 ,
(DAILY AVERAGE - THOUSANDS OF BALES)
(SEASONALLY ADJUSTED, 1935-39-100)
200
L
COTTON CONSUMPTION
INDUSTRIAL PRODUCTION
50
MONTHLY DATA
180
160
140
120
100
80
1. . 1. . 1 . . . . 1 . . 1 . . 1 . .
1940
i l l . . '
!
i
*
, , 1 . . 1, . 1 . .
1941
1940
WEEKLY BUSINESS STATISTICS
1943
1941
1941
1942
Dec. 19 Dec. 12 Dec. 5 Dee. 20 Dec. 13
Dec. 19 Dec. 12 Dec. 5 Dec. 20 Dec. 13
Commodity prices, wholesale:
94.0
PIOO.5 '100 1
93.1
All commodities.
1926=100.
96.0
92.8
112.0 110 6
Farm products
_.do_.
91.6
00.4
104 0 103 3
Food
do..,
93 9
93.8
P96 2 POO 1
All other
do
28 basic commodities©..August 1939=300.. 172.0 171.2 170 4 158-5 159.8
.172
.171
.194
.196
.197
Cotton, mid. % " , 10 mkts.J..dol. per lt>_
1.22
1.21
1.2G
1.27
Wheat, No. 2, hd. win. (K.C.)..dol. perbu..
277
236
236
274
Department store sales _
1935-39=160..
FinanceBank debits, member banks m 101 cities.l
Total
mil. of dol.. 11,760 10,107 12, 794 12, 381 9,395
New York City
do
4,647 3,881 5,586 5,366 3,963
Currency in circulation %
do
15,119 14,981 14,863 11,056 10,861
Federal Reserve bank credit, total
do
6,055 5,813 5,460 2,433 2,286
Member bank reserve balances
do
13,517 13, 267 12t840 12, 497 13, 219
Excess reserves, estimated
do
2,637 2,804 2,504 3,085 3,842
Finance—Continued.
Federal Reserve reporting member banks.
Deposits, demand, adjusted..mil. of dol.~ 29,120 29,011 28,852 24,000 24,682
Loans and investments, total
. . d o . . . . 39,829 38,444 38,387 30,306 29,891
TJ. S. Govt. obligations^
--- do..., 26,317 24,843 24,808 15,219 14,8^3
Commercial, industrial, and agricultural loans
..mil. of dol.. 6,105 6,157 6,192 6,769 6,675
148
230
217
132
Failures, commercial
number3 33 3.32 3.37 3.35
Bond yields (Moody's)t
percent..
71.0 70.9
75.6 74.7 74
Stoek prices (Stan. & Poor)A-1935-39~100..
Production.
1,917 1,853 1,861 1,899
Bituminous coalj
-thous. of short tons..
3,938 3,884 3,495 3,476
Electric power..
__mil. of kw-hr..
rPetroleumJ
thous. of bbl..
3,881 3,834 4,314 4,110
Steel©
—
....1935-39=100.. 188.6 188.9 188.4 181.2 180.5
807
740
760
Freight carloadings, totaLr
thous. of cars~.
372
356
367
Miscellaneous
___
do....
• Data do not cover calendar weeks in all cases • » Preliminary.
©Thursday prices.
X Daily average.
©Index for week ended December 26,18S 0.
J Debit-? to demand donosit accounts, except interbank and JTtH,_Government acconnts^in 10Lcities^_jc?JHtect and guaranteed.. A4Q2.sto.cks
MONTHLY BUSINESS STATISTICS
Earlier data are arailable in monthly issues of
the Surrey and the 1942 Supplement
BUSINESS INDEXES
Industrial production (Federal Reserve):
Unadjusted, combined index
1935-39=100Mamifactures
do
Durable manufactures
do—
Steel*
_
do—.
Lumber and products
do—
Furniture
do
Lumber
do.
Machinery?
do~,-Nonferrous metals
do
Stone, clay, and glass products
do
Transportation equipment
do
Nondurable manufactures
do
Chemicals
do
Leather and products
do—
Shoes
_
do...
Manufactured food products
do...
Meatpacking
do
Paper and products
do
Paper and pulp
do
Petroleum and coal products
do—
Coke
do
Petroleum refining
do
Printing and publishing
do
1943
1941
1943
Novem- Novem- Sepber
ber tember
»192
*202
»275
224
»127
*14O
»120
*320
P197
SL
*143
»181
»107
• 111
»142
F164
(•)
P165
(°)
^122
167
173
209
207
134
154
124
230
190
169
276
144
151
123
116
139
152
152
159
136
153
134
138
191
201
263
219
135
136
134
300
190
163
475
150
178
112
111
181
147
134
132
122
166
116
109
October
*193
*204
»273
229
M34
»13S
'131
P314
191
163
»501
»147
p i8i
'117
'114
P 158
146
139
139
123
166
117
* 120
'Revised. » Preliminary. • Data for October are the latest available
•New series, see note marked with an"*" on p. S-2of the December 1942S0BVET.
Earlier data are available in monthly issues of
the Survey and the 1942 Supplement
BUSINESS INDEXES—Continued
Industrial production—Continued.
Unadjusted, combined index—Continued.
Manufactures—Con tinued.
Nondurable manufactures—Continued.
Textiles and products
1935-39=100Cotton consumption
do
Rayon deliveries
-~do..-Wool textile production
do
Minerals %
do.__.
FuelsJ
do....
Bituminous coal J
do
Crude petroleum....
do....
Metals.
do
Adjusted, combined Index
do
Manufactures...
do
Durable manufactures...
...do
Steel •___*
.do
Lumber and products
--do..__
Furniture
do
Lumber
do
Machinery J.
..do
Nonferrous metals
.do
Stone, clay, and glass products
do.
Transportation equipment
do.
1943
1941
1943
Novem- Novem- Septber
ber
171
177
130
»123
151
0
»275
224
»128
M34
P125
P320
M97
C)
F514
JSee note on p. S-l of the December 1942 SURVEY.
156
167
179
166
135
131
145
128
161
167
173
209
207
135
148
128
230
190
162
276
156
172
170
155
137
129
150
120
187
185
195
260
219
123
130
119
300
190
145
475
Octcber
156
172
'174
157
135
127
145
121
'180
*189
J
»200
»271
229
rl24
M2G
'123
>314
191
147
MONTHLY BUSINESS STATISTICS—Continued
1942
Earlier data are available in monthly issues of
the Surrey and the 1942 Supplement
BUSINESS INDEXES—Continued.
Industrial production—Continued.
Adjusted—Continued.
Manufactures—Continued.
Nondurable manufactures. ..-1935-39*= 100.
Chemicals
—
do....
P120
Leather and products
do.-..
P 129
Shoes
do-..
*U4
lanufactured food products..
do.__
P145
Meatpacking
do....
Paper and products
do...
Paper and pulp..
do...
Petroleum and coal products
do...
Coke
do.._.
v 165
Petroleum refining
do...
v 120
Printing and publishing
..do...
P156
Textiles and products
do...
171
Cotton consumption
.do...
177
Rayon deliveries
do...
(•)
Wool textile production_
.do...
130
Minerals!
-"
do._.
P128
Fuelst
do._.
» 133
Bituminous coal J
...do..
v 120
Crude petroleum
do . .
141
Metals
do —.
COMMODITY PRICES
Cost of living (U. S. Dept. of Labor):
119.8
Combined index
'-.
1935-39=100..
126.0
Clothing
do.._.
131.1
Food
do....
106.2
Fuel, electricity, and ice
do—
123.7
Housefurnishings
do—
107.9
Rent
do-...
112.6
Miscellaneous
do—
Retail prices (Fairchild's index):
113.1
Combined index
Dec. 31,1930=100.
Apparel:
108.0
Infants'
do....
105.3
Men's
do—
112.5
Women's
do—
115.5
Home furnishings
do..
112.2
Piece goods
do—
Wholesale prices (U. S. Department of Labor):
Combined index (889 quotations).—1926=100.. > 100.3
Economic classes:
Manufactured products
do—.
Raw materials
d o . . . . 103.9
92.6
Semimanufactured articles
do—
110.6
Farm products
do
92.8
Grains
do
121.3
Livestock and poultry
do—
Commodities other than farm products
97.9
1926=100..
103.5
Foods
L
„
do
89.5
Cereal products
do
111.2
Dairy products....
do
Fruits and vegetables.
do
102.0
Meats
.
do
112.0
Commodities other than farm products and
95.8
Joods...
-.
1926=* 100..
110.1
Building materials
_do__.
98.6
Brick and tile
_,do.._
94.2
Cement
—'
do...
133.1
Lumber--.
___
do...
Paint and paint materials...,
do...
100.7
Chemicals and allied products
do...
99.5
Chemicals
do.__
96.2
Drugs and Pharmaceuticals
do...
165.4
Fertilizer materials
do...
78.6
Oils and fats
..,
do...
101.5
Fuels and lighting materials
do...
79.1
Petroleum products
do
60.7
Hides and leather products
do
117.8
Hides and skins
do
116.0
Leather
do
101.3
Shoes
do.-..
126.4
House-furnishings goods
do
102.5
Furnishings
do
107.3
Furniture
._
do.._.
97.4
Metals and metal products
d o . . . . f 103.8
Iron and steel
do
97.2
Metals, nonferrous
do
86.0
Plumbing and heating equipment..do
93.2
Textile products
_.do
97.1
Clothing
..do...
107.0
Cotton goods. _
.do
112.4
Hoisery and underwear
do
70.5
Rayon
1
do
30.0
Woolen and worsted goods
do
111.7
Miscellaneous
do
90.1
Automobile tires and tubes
do
73.0
Paper and pulp
do....
Wholesale prices of individual commodities:
Brick, com., eomp. (f. o. b. pi.) dol. per thous.. 13.205
Coal:
Bituminous, mine run, composite
dol. per short ton.. 4.815
Bituminous, prepared stees, comp
do
5.131
Cotton, lOmkt. avg
...dol. perlb-.
.193
Cotton cloth, mill margins
cents per lb_. 21.47
Cottonseed oil, refined, summer, yellow, prime
<N. Y.)
dol. p e r l b . .
.140
Milk, fluid, dealers' stand, gr. ..dol. per 1001b..
2. Si)
n
r
October
Earlier data are available in monthly issues of
the Survey a n d the 1942 Supplement
1941
1942
Novem- Novem- Sej>ber
teuiber
ber
October
COMMODITY PRICES—Continued
144
149
134
134
HI
135
153
160
135
153
133
136
156
167
179
166
131
129
127
132
147
141
172
105
99
148
159
130
' 131
120
166
113
109
156
172
170
155
131
128
144
120
151
110.2
113.8
113.1
104.0
115.6
107.8
107.4
117.8
125.8
126.6
106.2
123.6
108.0
111.4
107.5
113.1
103.2
97.5
106. 9
109.5
103.7
108.0
105. 2
112.7
115.5
112.2
Wholesale prices of individual commodities—Con.
Flaxseed, No. 1 (Minneapolis)
dol. per b u . .
Grain and grain products:
p 177
Barley:
'116
No. 2 malting (Minneapolis)
do
' 112
No. 3 straight (Minneapolis)..
.do
p 147
Corn:
145
No. 3 yellow (Chicago)
do
134
No. 3 white (Chicago)
do
135
Weighted avg., 5 mkts., all grades
do
121
Oats, No. 3 white (Chicago)
do
166
Rice, head, clean (New Orleans)..dol. per l b . .
115
Wheat:
'116
No. l Dark Nr. Spring (Mpls).dol. per bu_.
156
No. 2, Red Winter (St. Louis)
do.._.
172
No. 2, Hard Winter (K. C.)
do....
' 174
Weighted av., 6 markets, all grades.. .do
157
Wheat flour:
•" 126
Standard patents (Mpls)
dol. per bbl_.
'123
Lard in tierces:
130
Prime, contract (N. Y.)
dol. perlb-' 122
Refined (Chicago)
do..r
142
Linseed oil (N. Y.)
do~..
Livestock:
Beof steers (Chicago)
dol. per 100 l b . .
Steers, stocker and feeder (Kans. City).do
119.0
Hogs, av., all grades (Chicago)
do
125.9
Lambs:
129.6
Average (Chicago)
do
106.2
Feeder, good and choice (Omaha)
do
123.6
Lumber, ponderosa pine, 1 x 8 , No. 3 common
108.0
dol. p e r M . b d . f t . .
111.7
Meats:
Hams, smoked (Chicago)
dol. per l b . .
113.1
Pork, fresh, loins, 8-10 lb., average (Chicago)
dol. perlb . .
108.0
Potatoes, white (N. Y.)
dol. per 100 l b . .
105.3
Poultry, live fowls (Chicago)
dol. per l b . .
112.6
Rosin, gum, " I I " (Saw), bulk
dol.. per
c
perewt-.
115.5
112.2
DOMKSTIC TRADE
92.5
99.6
100.0
93.8
90.2
89.7
90.6
84.3
90.6
99.2
102.2
92.9
107.8
03.6
122.1
99.4
103.0
92.7
109.0
91.5
123.4
92.7
89.3
85.9
96.3
77.9
90.8
97.7
102.4
89.1
105.5
97.5
116.0
103.4
89.3
109.2
98.2
115.5
03.5
107.5
96.6
93.1
128.7
95.3
89.8
88.3
123.2
77.3
92.9
78.8
60.4
114.1
114.0
101.1
120.5
100.6
105.2
95.8
103. 3
97.1
84.8
87.9
91.1
979
105.4
67.0
30.3
102.6
87.3
67.4
102.2
95.5
110.4
98.7
94.2
133.2
100.4
96.2
96.3
128.9
78.2
101.5
79.0
60.6
118.1
118.0
101.3
126.4
102.5
107.4
97.4
103. S
97.2
86.0
94.1
97.1
107.0
112.7
69.7
30.3
111.7
88.8
73.0
98.8
95.5
110.4
98.7
94.2
133.3
101.0
96.2
96.2
128.8
78.3
10L5
79.0
60.6
117.8
116.0
101.3
126.4
102.5
107.3
97.4
103.9
97.3
86.0
94.1
97.1
107.0
112.4
70.5
30.3
111.7
88.6
73.0
12.921
13.221
4.713
4.930
.164
20.18
4.797
5.050
.187
22. 03
4. SOS
5.097
.189
21.85
. 124 I .136
2.66 | 2.82
.137
2.85
Revised.
* Preliminary.
{ See note m a r k e d "X" on p . S - l of t h e December 1942 S U R V E Y .
1942
1941
Novem- Novem- Sepber
tember
ber
a
2.43
2.43
.90
.65
.77
.63
.85
.04
.88
.01
.81
1.07
.79
.50
.067
.71
.78
.00
.18
.049
.84
LOG
.85
.49
.007
.47
.002
1.20
1.32
1.23
1.17
1.14
1.17
1.13
l.Oo
1.19
1.33
1.20
1.18
1.19
1.38
L21
1.15
6.09
5.88"
5. 95
6.04
.139
.146
.132
.104
.120
.101
.129
.139
.134
.136
.142
.134
15.30
12.62
13.96
11.40
9.34
10.16
14.84
11.64
14.45
15.21
11.83
14.98
11.27
14.16
12.89
14.30
12.20
31.53
32.01
.265
.214
2.163
.167
2.64
.325
.325
.310
1.615
.230
3.30
.311
1.950
.210
3.50
151.0
162.0
183.0
220.0
181.0
218.0
63,345
88,963
61,495
80,527
76,068
97,977
(*)
(°)
41.5
40.3
43.4
42.3
43.6
43.0
(*)
35.74
' 41.79
' 37.79
' 44. 45
' 29. 53
42.10
38.86
45.26
30.64
.957
. 885
'.995
-.749
.958
.886
.988
.757
14.53
12.35
10.34
31.38
30.71
.293
.284
2.206
.209
3.46
Retail trade:
Chain-store sales, indexes:
Chain-store Age, combined index (20 chains)
average same month_1929-31=100.. 187.0
228.0
Apparel chains
do
Mail-order and store sales:
Montgomery Ward & Co
thous.'of dol._ 68.396
85,010
Sears Roebuck & Co
do
EMPLOYMENT AND WAGES
Average weekly hours per worker in factories:
Natl. Ind. Con. Bd. (25 industries)
hours.
U. S. Dept. of Labor (90 industries)
do...
Wages:
Factory average weekly earnings:
Natl. Ind. Con. Bd. (25 industries).-dollars.
U. S. Dept. of Labor (90 industries)....do...
Durable goods
do...
Nondurable goods
do...
Factory average hourly earnings:
Natl. Ind. Con.Bd. (25 industries)
do._.
U. S. Dept. of Labor (90 industries)—-do...
I)urable goods
...do.-.
Nondurable goods
do...
8
<*)
(a)
•C)
()
(0
.S60
.781
.865
.688
FINANCE
Insurance written:
Policies and certif., number...
thousands._
Group.
._.
do
Industrial
,
."
do
Ordinary
...do —
Value, total
_.
...thous. of dol..
Group.
...do
Industrial.-.
do—
Ordinary
do
TRANSPORTATION
Class I steam railways:
Freight carloadings (Fed. Res. indexes):
Combined index, adjusted
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.
628
72
358
197
577, 536
114, ISO
111,801
351, 555
759
38
470
251
381,479
89,360
141.349
150,770
594
55
356
184
527,168
84, 799
111,795
330,574
079
46
428
204
£82, GSS
78,094
135,727
30S, 867
134
125
176
140
126
114
58
221
144
135
121
159
146
118
93
99
204
144
136
135
188
154
126
102
55
174
146
133
121
180
149
130
110
56
'221
144
14,931
13,724
17,638
17,538
20,145
12,708
3,595
4,741
1,097
67.6
18,263
20,344
•10,617
'2,723
4,924
•960
•59.2
STONE, CLAY, AND GLASS
Portland cement:
Production..
thous. of bbl._ 16,241
14,627
Shipments
—do.
12,231
Stocks, finished, end of month
—do.
2,824
Stocks, clinker, end of month
do
Plate glass, polished, production, thous. of sq. ft.. 4,612
•984
Window glass, production
thous. of boxes..
•60.6
Percent of capacity
D a t a for October are t h e latest, available.
' N o t available.
• Estimated.
4,2.50
14,277
1,300
80.1
@FedFRASER