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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 25, 1941 SUMMARYgOF BUSINESS TRENDS V/TACHINERY has now been set in motion to concentrate finished December quotas. In the same week, steel ingot operTA quickly the Nation's resources on wartime output. Metal ations were scheduled at 98 percent of capacity. supplies are being further expanded, machine tool production Freight carloadings have declined further to 807,000 (week increased, and civilian output in competition with war produc- ending December 13) in keeping with seasonal requirements. tion is being further curtailed as required to achieve the more Loadings of ore, livestock, merchandise in less than carload lots, rapid advance in military production. At the same time con- and miscellaneous merchandise are all down. Coal loadings on version of civilian facilities to wartime output is being worked a daily average basis are down contraseasonally from November; out on a broadened scale. but shipments of grain and grain products are up, though a The reaction to the outbreak of war in financial and commodity downtrend is usual at this time. markets has not been severe. Stock prices are lower, the weekly Both seasonal influences and the effects of the curtailment pro'index of 354 stocks dropping to 73.1 from 78.5 in the week pre- gram are evident in a decline of construction contract awards. ceding the outbreak of war. Commodity prices were reduced F. W. Dodge Corporation reports for November reveal awards in slightly in the week ending December 20, after a fairly substan- 37 States dropped to $459 million from $606 million in October. tial rise the preceding week. However, the November volume was still well above the $380 Weekly production statistics record little change. These, of million of a year earlier. Residential awards declined from course, reveal nothing in regard to output for military use. $172 million in October to $116 million in November, while nonCrude petroleum output continued close to peak levels while residential building contracts were reduced from $270 million electric power production registered another new high. Under to $193 million. Witbin the latter category, however, awards pressure of curtailment, automobile production in the week end- for manufacturing buildings rose somewhat as defense plant exing December 20 slumped to under 66,000 units as most plants . pansion continued apace. SELECTED BUSINESS INDICATORS 5.0 4.5 STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (PERCENT OF CAPACITY) FREIGHT-CARLOADINGS (BILLIONS OF KILOWATT HOURS) (THOUSANDS OF CARS) 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 F.H.A. HOME MORTGAGES (.MILLIONS OF BARRELS- DAILY AVERAGE) (BILLIONS OF DOLLARS) (NUMBER SELECTED FOR APPRAISAL ON HOMES TO BE BUILT) 1941 ^ 4.0 3.5 3.0 2.5 . . 1 . 1 . i 1 . . PRICES OF 354 INDUSTRIAL STOCKS PRICE INDEX OF 28 BASIC COMMODITIES 80 (1935-39- 100) (AUG. 1939*100) THASOAY FHSJRES 160 140 / 120 too . . i 7\/[ » , i i , i i * • •\\J 1938 432256—41 1939 i | , . . i ... 1 . . i . .- . . t . . 1 . . f . . 1940 1941 1938 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 1939 1940 1941 Dec. Dec. Dec. Nov.Nov. Dec. Dec. Dec. Dec. 16 29 22 21 14 23 20 13 6 Business activity:! 133.3 132.7 133.4 129.8 121.0 121. 3 112.0 113. 4 New YorkTimes§ 139.3 139.1 141.7 137.9 126.4 124.4 119.9 118.0 Barron's, 1923-25=100 Business Week A, 1923-25=100. 164.8 163.9 164. 5 162.9 141.4 143.0 125.6 125.6 Commodity prices, wholesale: Dept. of Labor: 93.1 92.2 92.3 92.2 79.7 79.7 79.3 dombined index, 1926=100— 92.8 90.8 91.1 90.3 69.1 68.8 67.8 Farm products—.. 90.4 88.7 89.2 89.5 73.4 73.5 72.1 Food 93.7 93.7 93.6 84.4 84.4 84.3 Allother 158.5 159.8 156. 7 155.0 154.6 117.2 117.7 124.8 123.6 28 basic commodities© Fisher's index, 1926= 100: -Combined index. 100.9 0 0 0 100.1 0 . 1 99.2 99.0 98.6 .6 84.9 .9 84.98 85.99 85.2 117.7 Copper, electrolytic! 112.9 112.9 112.9 112.9 112.9 98.9 100.0 Cotton, average, 10 markets 90.3 112.9 150.6 112.9 158.4 157.3 157.1 151.7 90.6 117.7 Construction contracts^. 276.1 181.4 307.5 162.9 282.0 96.8 Distribution: 123.8 127.8 132.8 122.6 107.0 112.9 99.9 104.0 Carloadings Department store sales 215 169 128 258 232 242 235 Employment, Detroit, factory, 113.6 121.5 1923-25=100 __' 119.7 • D a t a do not cover calendar weeks in all cases. ^Seasonally adjusted. A Revised beginning Jan. 4, 19U; revisions not sfrown in the "Weekly Supplement I 0 Thursday prices; August 1939= 100. fSeasonally adjusted index compil <g> Index for week ended Dee. 27, is 172.9. JDaily average. 1939 Dec. Dec. Dec. Nov. Nov. 20 13 6 29 22 Finance: Bond yields*.. Stock pricesi_ Banking: Debits, outside N. Y. C . t — Federal Reserve reporting member banks: Loans, total Currency in circulation^ Failures, commercial, 1939=100. Production; Automobiles Bituminous coalt Cotton manufacturing! Electric power Petroleum^ Steeie _Receipts, primary markets: Cotton ___ _. Wheat Dec. Dec. 23 16 83.2 82.7 80.7 80.7 80.7 83.0 83.0 91.1 91.1 72.1 73.0 76.3 75.8 76.7 85.9 87.4 100.2 100.3 181.2 140.5 195.3 157.3 170. 5 H2.8 116.6 133.8 112.5 133. 4 132.6 131.4 131.5 131.7 109.0 108.5 1041.3 103.5 • " • 166.0 137.9 136.2 121. 2 119.6 174.2 171.2 169.i . l 167.0 76.7 81.3 74.9 71.7 66.4 90.1 91.2 85.4 124.4 119.5 121.2 99.6 163.9 170.0152.5 153.4 126.7 119.0 115.2 138.6 139.6 150.7 161.5 124.3 144.5 127.'. 5 137.6 155.6 164.4 161.1 158.2 154.6 150.5 143.3 141 0 127.3 125.5 129.8 129.8 129.1 137.0 114.4 113.0 122.2 122. \ 181.2 180.5 ISO. 6 177.5 179.5 169.3 167.9 158.2 160.3 109.9 119.3 19S. 7 168.7 143.3 125.8 142.5 160.1 95.2101.4 92.0 3.7 80.7 35.3 43.8 51.5 52.9 § Computed normal=100. ginning with the Nov. 6,19U issue are available upon request, d by the N. Y. Cotton Exchange. WEEKLY BUSINESS STATISTICS1940 1941 Dec. 20 Dec. 13 0.118 .172 3.39 38.15 1.22 0.118 .171 3.37 38.15 1.21 5,444 7,590 Dec. 6 Dec. 21 1939 Nov. 29 Nov. 22 Dec. 14 Dec. 23 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 .098 2.48 38.32 .82 0.118 .099 2.49 38.28 .83 0.123 .108 2.34 37.10 1.04 4,060 5,888 4,385 6,665 3,636 5,530 4,385 7,141 4,897 5,982 3,538 4,883 4,449 5,604 2,433 2,240 12,497 3,085 2,286 2,196 13,219 3,842 2,289 2,184 13,178 3,860 2,284 2,184 13,126 3,799 2,307 2,184 12,942 3,692 2,306 2,184 13,804 6,395 2,241 2,184 14,152 6,785 24,060 5.374 18,877 12,266 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 22,279 5,405 16,191 2,953 11,429 6,769 1.00 1.25 11,056 2,922 11,259 M.035 217 2,951 11,357 6,675 1.00 1.25 10,861 •4.035 230 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 41,600 3.37 6,771 78.03 71.0 73.1 64.8 58.9 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 1938 Dec. 16 Dec. 24 Dec. 17 COMMODITY PRICES, WHOLESALE Copper electrolytic, New York X Copper, .dol. per l b . . Cotton, middling, m*", average, 10 markets 1 do Fd iindex (Dun & Fradstreet) Food do Iron and steel, composite.. dol. per t o n . . 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 bank reserve balances do... Excess reserves, estimated do Federal Reserve reporting member banks: Deposits, demand, adjusted do Deposits, time do Investments, total 5 do U. S. Government direct obligations .do Obligations fully guaranteed by TJ. S. Government mil of d o L . Loans, total § . __-__ do Commerc'I, indust'l, and agricult'l loans§—do...Interest rates, call loans t .percent. Interest rates, time loans t do Currency in circulation}. mil. of dol Exchange rates: Pound sterling X. dollars.. Failures, commercial.. . numberSecurity markets: Bond sales (N. Y. S. E.) thous. of dol. par value.. Bond yields (Moody's) (120bonds)t percent.. Stock sales (N. Y. S. E.) thous. of shares,. Stock prices (N. Y. Timcx)% dol. per share_. Stock prices (Stand, and Poor's) (402) 1_.1935-39*= ioo.. Industrials (354). do.... Public utilities (28) _. do_... Railroads (20) do___. 0.123 .109 2.32 37.19 0.110 0.110 2.34 36.37 .66 2.38 36.38 .67 4,707 5,214 5,494 3,676 4,149 2,645 2,496 11,378 4,900 2,543 2,512 11,288 4,849 2,656 2,564 8,472 2,979 2,600 2,564 9,034 3,476 22,403 5,384 15,925 9,582 18,923 5,255 14,533 8,762 18,981 5,251 14,652 2,734 9,341 5,001 1.00 1.25 • 8,749 M.035 " 255 2,729 9,299 4,992 1.00 1.25 8,643 "4.035 258 2,404 8,932 4,406 1.00 1.25 7,691 3,947 2,413 8,871 4,416 1.00 1.25 7,588 3,933 270 16,025 5,141 13, 269 8,333 1,718 8,473 3,857 1.00 1.25 6,952 4,666 16,221 5,130 13,008 8,080 1,696 8,496 3,872 1.00 1.25 6,881 4,670 52,240 3.36 4,188 92.99 84.3 84.3 90.0 69.0 56,270 3.36 4,189 94.61 85.6 85.5 91.6 70.8 43f890 3.69 4,174 108. ,44 96.9 97.6 101.0 77.7 41,070 3.69 4,168 108.53 97.0 97.5 101.6 79.3 52,060 . 3.95 5,980 104.65 96.2 99.1 89.8 74.8 57,080 3.97 7,356 104.48 98.2 101.2 91.5 76.9 PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: 102,905 Automobiles (Ward's) number.. 93,495 92,205 95,990 92,890 118,405 130,370 131,175 76,820 65,875 117,705 1,391 Bituminous coalj. ..thous. of short tons.. 1,813 1,800 1,435 1,497 1,958 1,646 1,615 1,546 1,656 2,390 3,369 3,431 2,425 2,674 3,293 3,004 3,205 2,712 3,052 Electric powerA _ „.mil.of kw.-hr__ 3,276 4,108 4,110 3,450 3,866 3,579 • 4,087 3,868 3f621 Petroleum*. ...thous. of bbL. 4,337 57.6 97.6 97.5 51.7 91.2 96.0 Steeie© ...pet. of capacity90.0 95.9 96.8 97.0 97.9 12,894 Construction contract awards! thous. of dol.. 15,313 13,218 26,517 28,910 25,061 17,060 Distribution: 606,003 Freight carloadings, total. cars.__ 833,375 807,225 574,198 678,132 651,392 736,340 697,755 799,386 Coal and coke do 132,711 168,939 140,126 143,815 162,951 161,266 177,680 163,632 150,819 141,881 29,132 42,377 ^orest products do 27,614 34,137 39,618 37,454 39,725 44,447 41,005 31,711 35,959 41,533 30,725 41,022 35,552 33,056 27,933 40,902 42,754 Grains and grain products .„do 32, 702 13,177 13,201 13,841 11,997 Livestock _ do 13,411 13,727 12,032 14,647 14,631 11,416 152,741 Merchandise, 1. c. 1 do 140,909 148,091 150,154 153,619 14S, 953 141,257 152,503 156,420 144,51S Ore... do.._ 16,173 9,001 65,027 8,260 11,339 13,470 12,941 47,396 36,087 11,811 Miscellaneous. _ do 371.621 289,724 388,614 378,846 213,826 319,899 297,176 367,273 238,673 268,415 Receipts: 252 240 Cattle and calvesf.., thousands 209 266 195 187 Hogst do 386 337 296 . 409 407 460 Cotton Into sight thous. of bales.. 256 463 393 278 334 373 332 133 293 161 Wheat, at primary markets thous. of bu.. 5,536 5,024 4^570 1,929 4,407 2,813 2,391 5,198 3.837 2.887 3.519 X gaily ayerage. • Data do not cover calendar weeks in all cases. a Free rate. 1 Revised series. See table 32, pp. 24-26 of the Nov. 1941 SUBVEY 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. . . : e Rate for week ended Dec. 27 is 93.4; data beginning with July 1941 are based on estimated capacity June 30,1941 (see note marked with " © " i n 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 1940 1941 Earlier data are available in monthly issues of the Survey and the 1940 Supplement Novem Novem- Sepber ber tember BUSINESS INDEXES Industrial production (Federal Reserve) :f Unadjusted: Combined index _ 1935-39=100Manufactures ___do— Durable manufactures ...do Iron and steel.. .do Lumber and products* do— Furniture* do— Lumber* do— Machinery* _ do— Nonferrous metals* do— Stone, clay, and glass products*~do Polished plate glass _-do_— Transportation equipment* do— Aircraft* do,... Automobile bodies, parts and assembly.. — 1935-39=100,. Automobiles, factory sales._.__do— Locomotives* do— Railroad cars* do— Shipbuilding*....... 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— Rubber products* do— Textiles and products do,__. Cotton consumption* -do Rayon deliveries* do Wool textile production* do Minerals—1.._ Fuels* Anthracite Bituminous coal... Crude petroleum Metals* _ Copper*..—— do— do.-.. do ...do.... do— _.do—. ...do.... 191 P136 p 156 P126 P234 J>190 *165 120 *2S6 1,397 P152 24 J>142 J>158 136 139 161 172 126 130 123 152 158 136 129 185 600 143 161 '157 153 219 121 120 116 151 124 124 119 148 115 112 135 137 139 151 139 74 371 248 556 145 148 127 130 159 119 149 151 134 152 131 124 131 151 156 168 170 119 115 98 128 111 146 147 137 129 122 144 124 182 152 134 137 157 171 127 125 128 152 130 113 171 600 161 166 203 192 137 152 129 227 189 156 120 245 1,210 125 134 '162 166 226 120 117 107 112 117 133 125 124 118 147 114 110 132 135 139 146 140 118 113 97 112 115 148 143 133 74 371 248 556 137 146 119 116 13Q 126 144 149 132 152 128 125 131 152 156 168 170 131 128 127 139 124 146 154 M15 P136 J>152 167 P179 *>14O J>128 P159 Adjusted: Combined index do— Manufactures do— Durable manufactures.._ do— Iron and steel _ .do— 191 Lumber and products* .do— Furniture* .do.... Lumber* .do Machinery*. .do *234 Nonferrous metals* .do Stone,clay, and glass products*..do Polished plate glass do 103 Transportation equipment* do Aircraft*.. do—. ' 1,397 Automobile bodies, parts and assembly.. 1935-39=100.. Automobiles, factory sales do Locomotives* , do r339 Railroad cars* do— *>279 Shipbuilding* do— Nondurable manufactures. .1935-39=100.. Chemicals*. _*___- _—__do— 1 Leather and products do ? 131 Shoes* : do.... P 1 3 3 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— Rubber products*^ do Textiles and products do— Cotton consumption* do— 167 Rayon deliveries* do rl79 Wool textile products*._ -do—. *164 Minerals do... *129 Fuels* ...do—. P127 Anthracite. do... P97 Bituminous coal do M23 Crude petroleum . . . do... *132 Metals* _ do.... ?143 Copper* do J>152 167 172 206 192 149 160 144 227 188 174 120 245 1,210 ••155 '167 '172 '210 191 ••145 rl59 '138 '231 185 176 117 '268 ' 1,290 •"146 1J0 ••335 ••279 '627 '142 *• 151 '126 '124 '140 134 151 154 135 153 132 131 134 '150 161 '172 '164 '137 '131 123 142 '127 '176 155 '163 '169 '207 191 - 135 '146 '129 '231 '186 158 102 '268 ' 1,290 '146 110 '335 '279 '627 138 r 147 '124 '122 '131 133 145 150 133 153 129 127 134 150 161 172 164 '130 ••127 116 127 '128 '148 150 COMMODITY PRICES Cost of Living (U. S. Dept. of Labor): Combined index* 1935-39*100... Clothing* ._ do Food f —_._ __ do Fuel, electricity, and ice* do House furnishings* do. Rent*. , do Miscellaneous* do. 110.2 114.4 113.1 104.0 115.8 107.9 107.1 100.1 101.6 95.9 100.3 100.6 104.7 101.7 108.1 110.8 110.7 103.7 112.0 106.8 105.0 109.4 112.8 111.6 104.0 114.9 107.5 107.0 * Revised. *New series. See note on corresponding item in the December 1941 SURVEY COMMODITY PRICES—Continued Wholesale prices (Dept. of Labor indexes): Combined index (889 quotations).... 1926=100.. Economic classes: Finished products do Raw materials do Semimanufactures... do Farm products .do Grains do Livestock and poultry . do Commodities other than farm prod.*...do Foods ...do Dairy products do..— Fruits and vegetables do Meats 1 do Commodities other than farm products and foods. 1926*100.. Building materials do Brick and tile .do Cement _. do.... Lumber do Chemicals and allied products do Chemicals do. Dru?s and Pharmaceuticals do Fertilizer materials do Fuel and lighting materials... ..do Electricity . do. Gas do Petroleum products do Hides and leather products do Hides and skins do. Leather do. Shoes do. House-furnishing goods do. Furnishings-.. do. Furniture._^_—..— * do Metals and metal products .do Iron and steol __ .do Metals, nonferrous do Plumbing and heating equipment..do Textile products do. Clothing _ do.. Cotton goods. ..—do Hosiery and underwear do Rayon*~ _ ...do Woolen and worsted goods do Miscellaneous _. do. Automobile tires and tubes ...do. Paper and pulp do. Wholesale prices of individual commodities: Brick, com.,comp. (f.o. b. pi.)._.dol. per thous.. Coal: / Anthracite, chest, comp dol. per short ton. Bituminous, mine run, pomp do._ Bituminous, prepared sizes, comp do Coffee, Rio. No. 7 (N. Y.) ..dol. per l b . . Cotton, Middling (N.Y.) do.— Cotton cloth: Mill margins.cents per l b . . Print cloth, 64 x fio dol. per y d . . Sheeting, unbleached, 4 x 4 do Cotton yarn: 22/1 cones (factory) -—dol. per lb. 40/s, southern, Boston... do... Cottonseed oil, refined, summer, yellow, prim* (N. Y.) — d o l . per Ib.Dairy products: Butter, 92-score (N. Y.) do.... Chofse, No. 1 Amer. (N. Y.)"_ ;___.do—. Milk: Condensed (sweetened) (N. Y.) dol, per case. Fvaporated (unsweetened) (N. Y,)--do.-, Fluid, dealers', stand, gr. dol. per 100 lb.. FiaxsfPd, No. 1 (Mpls.) ..dol. per b u . Grain and grain products: Corn: No. 3 yellow (Chicago) __ doNo. 3 white (Chicago) _ do... Weighted avg. 5 mkts., all grades..—do—. Wheat: No. 1, Dark Nr. Spring ( M p l s . ) — — d o No. 2, Red Winter (St. Louis) do— No. 2, Hard Winter (K. C.) do— Weighted avg., 6 mkts., all grades. . . d o — Wheat flour: standard patents (Mpls.) dol. per bblWinter straights (K. C.) do.Hides: Packers', heavy, native steers dol. per lb_. Calfskins, packers, 8 to ,15 lb ...do— Iron and steel: Pig iron: Basic (valley furnace) dol. per long ton. Composite. _ do— Foundry No. 2, northern (Pitts.) do... Steel: Composite, finished steeU. dol. per lb. &\eel billets, rerollmg (Pittsburgh) dol. per long ton. Structural steel (Pittsburgh)... dol. per l b . Steel scrap (Chicago) do], per long ton. Lard, in tierces: Prime, contract (N, Y.) dol. per lb. Refined (Chicago). _ do— 1941 1940 1941 Novem Govern Sepber ber tember 92.5 'etober 91.8 92.4 82.6 72.6 80.7 68.2 67.7 69.9 81.9 72.5 82.3 60.4 76.2 92.8 90.0 90.3 91.0 85.3 101.1 91.9 89.5 93.3 70.7 99.4 93.9 89.7 89.9 90.0 81.4 94.5 92.8 88.9 95.2 75.8 93.6 91.6 106.4 95.7 92.2 129.1 87.4 88.2 104.4 76.6 79.2 66.7 81.7 61.7 111.3 112.1 100.0 117.1 97.2 102.1 92.2 98.6 96.9 84.4 87.1 89'. 7 96.1 104.2 64.4 29.8 101.4 85.1 60.8 101.7 93.4 107.3 96. T) 92.7 129.5 89.7 88.4 124.1 77.3 79.6 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 97.9 105.4 67.0 30.3 102.6 87.3 67.4 102.2 84,1 98.9 90.2 90.8 117.5 77.5 85.1 95.9 69.9 71.9 73.3 80.5 49.3 102.3 101.2 93.2 107.1 88.6 95.0 81.8 97.6 95.3 83.9 80.5 74.5 85.7 73.6 61.5 29.5 88.8 77.5 58.6 93.1 12.921 12.148 12.832 12.886 10.301 4.713 4.930 .093 .170 9.775 4.393 4.619 .052 .100 10.209 4.677 4.883 .094 .177 10.301 ' 4. 703 '4.922 .091 .171 20.34 .081 .095 14.24 .054 .065 20.01 .080 .095 20.45 .080 .094 90.2 89.7 90.6 84.3 90.6 92.7 89.3 96.3 77.9 90.8 93.5 107.5 96.6 93.1 128.7 89.8 88.3 123.2 77.3 78.8 78.9 61.7 112.6 113.1 100.9 118.8 99.5 104.4 94.4 103.1 97.0 84.6 87.8 90.9 97.8 105.2 66.6 30.3 102.3 86.4 65.5 101.9 .385 .471 .267 .377 .429 .481 .396 .479 .124 .057 .136 .129 .36 .26 .18 .37 .26 .36 .26 5.90 3.85 2.66 1.84 5.00 3.10 2.21 1.59 5.56 3.85 2.49 1.99 5.40 3.85 2.60 1.87 .71 .78 .65 .69 .63 .75 .81 .73 .70 .75 .67 1.14 1.17 1.13 1.06 .92 .85 .87 1.14 1.16 1.14 1.12 1.10 1.13 1.12 1.02 fi.88 5.44 4.66 4.24 6.00 5.63 5-75 5.48 .155 .218 .146 .218 .153 .218 .155 .218 23.50 24.15 25.89 22.50 23.15 24. 23.50 24.15 25.89 23.50 24.15 25.89 .0265 .0265 .0265 .0265 34.00 .0210 18.75 34.00 .0210 20.06 34.00 .0210 18.75 34.00 .0210 18.75 .104 .120 .053 .069 .111 .128 .104 .121 fRevised series. See note on corresponding item in the December 1941 SURVEY. MONTHLY BUSINESS 1941 larlier data are available in monthly issues of the Survey and the 1940 Supplement 1940 1941 Earlier data are available in monthly issues of the Survey and the 1940 Supplement Noveirr Novem ber ber COMMODITY PRICES— Continued Wholesale prices of individual commodities—Con. Leather: Sole oak, scoured backs (Boston).dol. per lb... Chrome, calf, B, comp. dol. per sq. ftLinseed oil, N . Y _._ dol. per l b . . Livestock: Beef steers, Chicago dol. per 1001b— Steers, corn fed do. Calves, vealers do Hogs, heavy (Chicago) do Sheep, ewes (Chicago) do Sheep, lambs _ do. Lumber: Douglas fir: Dimension, No. 1, com.*..dol. per M bd. ft_ Flooring, " B " and better do Southern pine flooring _do,.._ Pondersoa pine, 1x8, No. 2, common...do Meats: Beef, fresh, native steers (Chi.).dol. p e r l b . . Hams, smoked (Chicago) do Nitrate of soda, 95 pet. (N. Y.)..dol. p e r e w t . . Nonfcrrous metals and products: Aluminum scrap, castings, N . Y.dol. per lb._ Copper, electrolytic (N. Y.) do Lead, refined, pig, desilverized (N. Y.).do Tin, Straits (N. Y) do. Zinc, prime western (St. Louis) do. Brass sheets, mill do. Oleomargarine, stand.,uncolored (Chi.)-.do Petroleum and products: Crude petroleum (Ka s.-Okla.).dol. p e r b b l . . Fuel oil (Pennsylvania)* dol. per gal__ Gasoline, tank wagon (N. Y.) do... Gasoline, refining (Okla.) do... Kerosene, water white, 47°, refinery do... Lubricants, cylinder, refinery (Penn.)__do Potatoes, white (N. Y.) ...dol. per 100 l b . . Rayon, viscose, 150 denier, first quality minimum filament* dol. per l b . . Rosin, gum "H"(Sav.), bulk.-dol. per 100 l b . . . Rubber, crude, smo :ed sheets (N. Y.) dol. p e r l b . . Silk, raw, Japanese. 13-15 (N. Y.) do.... Sugar, raw, 96°, centrifugal (N. Y.) do Sugar, refined, pranulated (N. Y.) do Turpentine, gum, spirits (Sav.).-.dol. per gal.. Veg. shortenings, tierces (Chi.) dol. per lb._ Wood, pulp, sulphite, unbl dol. per 100 Ib__ Wool: Raw, territory, fine scoured dol. per lb__ Raw, Ohio Penn. fleeces do Suiting, unfinished worsted, 13 oz. (at mill) dol. per y d . _ Women's dress goods, Fr. serge ..-do Worsted yarn, 2/32's (Boston) dol. per l b . . Purchasing power of the dollar: Wholesale prices 1923-25=100. Retail food prices... do Prices received b y farmers do Cost of living. do. 0.415 .525 .101 0.343 .466 0.415 .516 .114 0.415 .522 .10S 11.40 11.06 12.00 10.31 5.44 10.57 12.06 12.21 10.50 6.24 4.03 8.88 11.73 11.71 13.50 11.42 5.14 10.98 11.55 11.44 13.38 10.71 5.22 10.63 28.910 24.990 27.146 41.160 34.300 51.165 50.585 51.704 35.690 33.040 35.370 28.665 41.160 50.788 .173 .265 1.503 .190 .183 1.470 .176 .296 1.494 .173 .272 1.503 .0931 .1178 .0585 .5200 .0825 .195 .140 .0904 .1180 .0573 .5056 .0725 .192 .115 .1100 .1178 .0585 .5200 .0725 .195 .140 .1178 .0585 .5200 .0794 .195 .140 1.110 .054 .149 .060 .064 .160 2.163 .960 .042 .120 .045 .050 .090 1.350 1.110 .059 .149 .060 .063 .154 1.845 1.110 .058 .149 .060 .063 .160 1.944 .550 2.64 .530 1.87 .542 2.49 .550 2.44 .231 .216 2.585 .029 .043 .153 3.713 .388 .087 3.463 .226 3.080 .036 .052 .756 ,153 3.713 .232 3.080 .035 .052 .784 .156 3.713 1.11 .49 1.10 .46 1.06 .48 1.08 .49 2.228 1.411 1.800 108.9 111.9 108.9 109.5 1.931 1.213 1.488 2.228 1.391 1.740 2.228 1.411 1.763 126.5 131.9 148.6 118.9 109.7 114.3 105.7 112.0 109.0 113.4 105.7 '110.5 120,624 21,008 99,615 4,841 1,515 20,002 73,258 113,191 21,071 92,119 4,973 1,359 16,796 68,992 107,160 123,815 21,745 22,010 85,415 101,805 5,fiO7 2,980 1,551 1,534 15,343 19,993 65,558 74,654 759,065 38,314 470,200 250,551 681,479 89,360 141,349 450,770 721,331 27,521 467,641 226,169 560,912 34,256 134,859 391,797 738,043 61,578 431,100 245,365 699,549 130,229 128,493 440,827 42,060 498,571 279,063 730,327 74,794 148,388 507,14f. 94.80 98.30 49.83 93.58 97.78 45.60 94.74 98.27 50.79 95.25 98.72 50.75 57,821 54,237 53,646 49.877 4,175 4.360 54,813 50,756 52,732 48,768 2,080 1,988 56,387 52,192 4,195 53,418 51,287 2,131 57,856 53,673 4,183 55.107 52,984 2,123 41,848 40,984 1.457 1,463 39,057 1,465 3.080 .035 .052 .763 DOMESTIC TRADE Newspaper advertising: Linage, total (52 cities) Classified Display, total Automotive Financial General Retail ; thous. of lines__ do do____ do do. .do. do. FINANCE Life insurance written (Ass'n of Life Ins. Pr.): Policies and certifs., total number..thousands. Group J do . Industrial do Ordinary,._ do Value, t o t a l . — thous. of doL. Group do Industrial _ do Ordinary do Security markets: Bonds: Prices: Average price of all listed bonds (N. Y. S. E.) dollars,. Domestic do Foreign™ do Value, issues listed on N . Y. S. E.: Face value, all issues mil. of dol_. Domestic issues do Foreign issues do. Market value, all issues ...do Domestic issues. do.. Foreign issues. _ do. Stocks: Shares listed, N . Y . S. E.: Market value, all listed shares__mil. of doL_ Number of shares listed millions.. 37,882 1,404 METALS AND MANUFACTURES Foundry equipment^ New orders, net, total 1937-39=100.. New equipment. do Repairs _ .—do 1941 1940 1941 Novem- November ber 408.5 417.4 381.7 254.2 278.8 188.7 363.8 372.0 339.2 STONE, CLAY AND GLASS PRODUCTS Portland cement: Production thous. of bbl_. Shipments _ do Stocks, finished, end of month do Stock?, clinker, end of month do_: Plato glass, polished, production..thous. of sq. ft_. 14,931 12,725 16,115 13,724 10,372 18,284 17,833 17,624 20,353 17,561 ' 16,417 4,254 4,558 4,804 ' 4,192 14,277 16,059 14,906 15,769 TEXTILE PRODUCTS Cotton: Stocks, domestic cotton in the United States, total... thous. of bales.. 18,818 19,503 20,992 On farms and in transit _ do 2,738 3,183 7,990 Warehouses do 13,915 14,697 11,453 Mills _ d o ™ . 2,165 1,623 1,549 Spindle activity: Active spindles thousands.. 23,069 22,686 22,964 Active spindle hrs. total . mil. of hrs_. 9,901 8,621 10,407 429 Average per spindle in place hours.. 351 409 Operations pet. of capacity.. 129.4 105.7 123.7 October 4,712 13,268 1,906 23,043 11,232 463 125.8 Octo- August september ber EMPLOYMENT A N D WAGES Labor conditions: Average weekly hours per worker in factories: U. S. Dept. of Labor (90 industries)..hours.. Wages: Factory average weekly earnings: U. S. Dept. of Labor (90 industries).-dollars.. Durable goods.._ do Nondurable goods do Factory average hourly earnings: U. S. Dept. of Labor (90 industries)._.do.__. Durable goods _..do Nondurable goods .do 41.1 39.3 41.0 40.9 32.89 37.97 26.10 27.13 31.42 22.28 31.66 36.55 25.38 [32.05 36.79 25.78 .770 .853 .680 .673 .739 .745 .830 .658 .758 .843 126,772 109,394 124,572 126,145 113,418 L21.354 82 90 121,481 119,446 64,729 34,560 207,225 43,483 M742 63,847 34,875 203,481 41,975 161,506 30,871 27,944 29,836 16,554 14,381 15,409 28,118 16,024 26,198 26,539 23.562 42,028 37,709 36,845 25,224 62,944 60,740 277 24,790 30,034 5,639 4,237 58,995 60,167 266 FUELS AND BYPRODUCTS Petroleum and products: Crude petroleum: Consumption (runs to stills)..thous. of bbl... Production do Refinery operations.__ pet. of capacity.. Stocks, end of month: California: Heavy crude and fuel .thous. of bbl.. Light crude do East of California, total do.... Refineries __ do Tank farms and pipe lines-...do Refined petroleum products: Gas and fuel oils: Production: Residual fuel oil .do Gas oil and distillate fuels, totaL—do.... Stocks, end of month: Residual fuel oil, east of Ca«if. do.^.. Gas oil and distillate fuels, total do Motor fuel: Demand, domestic do Production, total .do.... Benzol.. do Straight run gasoline _ do.... Cracked gasoline.... do— Natural gasoline do Natural gasoline blended do Stocks, gasoline, end of month: Finished gasoline, total. do— At refineries. do Natural gasoline^.. do Kerosene: Consumption, domestic do Production do Stocks, refinery, end of month do Lubricants: Consumption, domestic do Production __ _.do Stocks, refinery, end of month do.... 62,941 34,852 201,048 42,446 158,602 (*) 62,288 296 24,712 31.328 5,952 5,123 74,698 46,417 4,870 74,124 35,422 220,896 44,774 L76,122 53.807 52,907 290 21,602 25,968 5,047 73,338 73,094 47,162 45,463 6,111 30,198 5.664 4,854 72,761 46,151 fi,373 5,608 C) 6,496 6,355 11,000 11,670 2,443 3,494 2.954 7,487 8,464 4,449 5,850 11,636 2,562 3,561 7,206 5,624 5,949 11,662 157.7 167.8 122.3 130.2 158.6 162.9 272.8 332.8 384.7 147.7 254.3 233.9 243.0 307.0 193.2 193.3 254.5 370.0 860.4 (•>• 2,638 3,427 7,415 METALS AND MANUFACTURES Electrical equipment: Domestic appliances, sales billed: Combined index, excluding refrigerators:* Unadjusted index 1936=100.. Adjusted index . . do Electrical products: Industrial materials, sales billed do.... Motors and generators, new orders ..do... Trans, and dist. equip., new orders do ' Revised. • Data for September are the latest available. •New series. See'note on corresponding item in the December 1941 SURVEY. fEevIsed series. See note on corresponding item in the December 1941 SUBVEY. 403.8 414.2 327.2 If. S. •OVCIMUEHT UIMTIMG OFFlCli 1141
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