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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C.f DECEMBER 3, 1942 SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION (1935-39-100) (THOUSANDS OF CARS) (BILLIONS OF KILOWATT HOURS) PRICES OF 3 5 4 INDUSTRIAL STOCKS FACTORY WAGE EARNERS AND WEEKLY WAGES (1935-39 - 100) (1939* 100) 300 TOTAL FREIGHT CAR LOAD INGS ELECTRIC POWER PRODUCTION MONTHLY DATA 250 200 WEEKLY WAGE s (UNADJUSTED! 150 100 50 .. 1 . . 1 r . 1 , . 1 — — ^m^WAGEEt 4RN& (UNADJtJSTED) ^ . ..1 , . 1 . . 1 . , , 1941 •• , , , 1 . . 1 . . , 1939 1940 1942 1941 WEEKLY BUSINESS STATISTICS' 1941 1943 1943 Nov.28 Nov.21 Nov.14 Nov.29 Nov. 22 Commodity prices, wholesale: All commodities... 1926=100.. Farm products do Food... do.--All other do 170.0 28 basic commodities©... August 1939=100.. Cotton, mid., lW, 10 mkts4--dol. per lb.. .191 Wheat, No. 2, hd. win. (K.C.).dol. per bu.. Department stores sales 1935-39=100- Finance: Bank debits, member banks in 101 cities:J Total mil. of doL. 10,072 3,769 New York City do 14,666 Currency in circulation^ do 5,083 Federal Reserve bank credit, total...do 12,746 Member bank reserve balances.-. do 2,518 Excess reserves, estimated do 92.3 91.1 89.2 93.7 155.0 .165 1.14 169 92.2 90.3 89.5 93.6 154.6 .164 1.13 128 11,817 8,340 4,305 3,170 3,582 14,4S4 14, 422 10,597 5,045 4,925 2,284 12,622 12, 492 13.126 2,489 2, 401 3,799 10,904 4,325 10,531 2,307 12,942 3,692 PlOO. 1 PlOO. 1 110.9 110.7 103.3 103.0 P96. 1 »96.1 170.2 170.3 . 193 .194 1.23 1.23 1G5 166 1941 Nov.2S Nov.21 Nov.14 Nov.29 Nov.22 Finance^Continued. Federal Reserve reporting member b a n k s : Deposits, demand, adjusted . . m i l . of dol._ Loans a n d investments, total do U. S. Govt. obligationscf do Commercial, industrial, and agricultural loans m i l . of d o l . . Failures, commercial number.. Bond yields (Moody'$)t percent.. Stock prices (Stan. & Poor)A-1935-39=* 100.. Production: . . Bitumonous coalj thous. of short t o n s . . Electric power mil. of k w - h r . . Petroleum^ , Steele J Freight carloadings, total Miscellaneous 30,224 29,698 28,927 24,452 37,939 37,905 37,691 29,693 24,581 24,423 24,027 14,735 6,241 6,289 6,359 148 135 107 3.31 3.30 3.31 74.3 74.8 76.4 1,925 1,989 3,795 3,776 3,912 3,880 thous. of bbl.. 1935-39^100.. 188.4 189.1 190.9 836 827 thous. of cars.. 392 397 __do 24,192 29,656 14,696 6,602 203 3.27 76.6 6,632 188 3.27 77.0 2,006 1,701 3,248 4,337 179.5 799 367 4,087 177.5 • Data do not cover calendar weeks in all cases. » Preliminary. ©Thursday prices. JDaily average. © Index for week ended December 3,188.4. \ Debits to demand deposit accounts, except interbank and U. S. Government accounts, in 101 cities. cfDirect and guaranteed. A402 stocks. MONTHLY BUSINESS STATISTICS Earlier data are available in monthly issues of the Survey and the 1942 Supplement BUSINESS INDEXES Cash income from farm marketings:! Crops and livestock, combined index: Unadjusted _. .1935-39= 100.. Adjusted _" do.-. Crops do Livestock and products do Dairy products. do Meat animals do Poultry and eggs do 1942 1941 October October p 297. 5 p 212.5 p 225.0 v 204. 5 J-168.0 p 236.0 v 194.0 1943 August 217.0 151.5 150.5 152.0 145.5 159.0 145.0 212.5 204.5 209.5 201.5 164.0 234.0 187.0 87.0 91.5 89.5 75.6 81.1 85.1 79.2 64.4 COMMODITY PRICES Purchasing power of the dollar: 80.4 Wholesale prices 1935-39=100.. 84.0 Cost of living.._ do... Retail food prices. _ do.... 77.1 62.2 Prices received by farmers do CONSTRUCTION AND REAL ESTATE Construction cost indexes: Federal Home Loan Bank Board: Standard 6-room frame house: 124.5 Combined index 1935-39=100121.6 Materials.. do 130.2 Labor r do p Preliminary. Revised. i 118.5 116.0 123,3 124.0 121.2 129.4 t Revised Se |feerm- Earlier data are available in monthly issues of the Survey and the 1942 Supplement 1943 1941 October October DOMESTIC TRADE Newspaper advertising: Linage, total (52 cities) thous. oflines.. 117,442 123,815 24,071 22,010 Classified ..do ' 260.0 93,371 101,805 ' 207.5 Display, total _ .-do 2,404 '222.5 5,607 Automotive .do 1,233 ' 197.5 1,551 Financialdo ' 166.0 19,993 19,781 General ...do ' 227.0 Retail. d o . . . . 69,953 74,654 181.0 Retail trade: 4,711 All retail stores, totalsalesf mil. of dol.. 5,310 1,128 882 Durable goods stores do 3,582 Nondurable goods storesf do— 4,427 All retail stores, indexes of sales: Unadjusted, combined indext 80.8 157.4 140.6 1935-39^=100.. 84.8 137.7 106.1 Durable goods stores do 78.9 174.0 141.6 64.4 Nondurable goods storest do 133.9 150.9 Adjusted, combined indext do 101.9 128.4 Durable goods stores do 135.7 166.8 Nondurable goods storesf do Chain-store sales, indexes: Chain-store Age, combined index (20 124.4 chains) average same month 121.5 146.0 1929-31=100.. 181.0 Apparel chains do 130.2 153.0 218.0 series. See note on corresponding item in the November 1942 Survey. 1942 August M gy 94,963 21,931 73,032 2,146 1,022 13,195 56,669 104, 506 22,658 81,847 2,481 1,099 15,572 62,695 '4,656 856 '3,800 '4,888 850 r 4,039 ••142.0 105.8 rl53.8 '150.8 '106.5 ' 165.2 ' 154.0 '109.8 '168.4 147.5 104.7 161.4 182.0 212.0 183.0 220.0 MONTHLY BUSINESS STATISTICS—Continued Earlier d&ta are available in monthly issues of the Surrey and the 1942 Supplement 1943 1941 October October 1943 DOMESTIC TBADE—Continued Retail trade: Chain-store sales, indexes: Grocery chain-store sales: 167.3 153.4 Unadjusted 1935-39-100. v 170.9 174.3 152.6 Adjusted do d o . . v 170.0 V i t t e sales, l mbined sales Variety-store combined sales, 7 chains: 124.8 122.0 Unadjusted 1935-39=100. p 140.9 P143. 142.3 123.9 Adjusted ---do Mail-order store sales: Total sales, 2 companies thous. of dol- 174,045 164,394 113,447 76,068 68,138 48,741 Montgomery ward & Co do.-Sears Roebuck & Co — do_-., 97,977 96,250 64,706 Rural sales of general merchandise: 250.5 160. 216.4 Total U. S.( unadjusted 1929-31=100. 192.8 196.6 166.6 Total U. S., adjusted do... EMPLOYMENT AND WAGES Earlier data are available in monthly issues of the Survey and the 1942 Supplement August 1943 1941 1943 October October August Septem- EMPLOYMENT AND WAGES-Con. ' 168.9 '172.4 137.8 143.4 142,022 61,495 80,527 214.2 202.6 Wage earners, etc.t—Continued. Wage earners, all Industries—Continued. Nondurable goods—Continued. Products of petroleum and coal__1939=100.. Petroleum refiningdo Rubber products ._.„ do Rubber tires and tubes do FINANCE Industrial and commercial failures: Grand total number.. Commercial service, total... do Construction, total ...do Manufacturing and mining, total...do Retail trade, total... do.... Wholesale trade, total do—. Liabilities, grand total.._ thous. of do] Commercial service, total.... do Construction, total-.. do:— Manufacturing and mining, total...do Retail trade, total.-. do Wholesale trade, total ...do Life insurance (Assn. of Life Ins. Pres.): Insurance written: Policies and certif., number...thousands.. Group.. do. Industrial.. _ do. Ordinary _ do Value, total.. thous. of dol.. Group .do. Industrial. do. Ordinary do. Capital flotations: Securities issued, total. do New capita], total _ do Domestic, total ..do Corporate, total _ do Federal agencies -do Municipal, State, etc _ do Refunding, total .....do___. Domestic, total .do Corporate, total.. .-.do Federal agencies. ..-..do.... Municipal, State, etc __-__.do. FOREIGN TRADE Ixports, total incl. reexports thous. of doL. Exports of U. S. merchandise --..do General imports _ __do.__ Imports for consumption do... FOODSTUFFS AND TOBACCO K Dairy products, production: \ Butter, creamery (factory) thous. of lb__ Cheese, total (factory) do Condensed and evaporated milk, case goods: Condensed (sweetened) thous. of lb.. Evaporated (unsweetened) __.do-... Meats, production, total mil. of lb.. Beef and veal..-.thous. of lb.. Lamb and mutton. do Pork, including lard do Lard do Tropical products: Coffee, visible supply, IT. S... thous. of bags.. Tobacco manufactured products: Consumption (tax-paid withdrawals): Small cigarettes .millions.. Large cigars thousands.. Mfd. tobacco and snuff. thous. of lb.. FUELS AND BYPRODUCTS Coke: Production: Beehive _ ...thous. of short tons.. Byproduct _ do Stocks, end of month: Byproducts plants, total do At furnace plants.,_ .do At merchant plants. do—. METALS AND MANUFACTURES Pig iron and iron manufactures: Castings, malleable: Orders, new, net short tons.. Production do-... Shipments do.... Boilers, range, galvanized: Orders, new, net ..number of boilers.. Orders, unfilled, end of month do— Production do— Shipments do Stocks, end of month do Steel manufactured products: Barrels and drums, steel, heavy types: Orders, unfilled, end of month.thousandsProductlon do Percent of capacity . Shipments •_..* .thousands.. Stocks, end of month ..do Boilers, steel, new orders: Area.... thous. of sq. ft.. Quantity -..number.. TEXTILE PRODUCTS Cotton manufactures: Finished cotton cloth, production: Bleached, plain .,-thous. of yd.. Dyed, colors do— Dyed, black do— Printed do.— 159.6 146.4 193.8 186.8 137.3 124.3 159.3 142.3 154.6 139.9 178.5 173.4 673 40 61 102 405 65 7,181 525 756 2,374 2,660 866 29 57 138 516 69 7,333 358 577 2,879 2,790 729 47 66 119 405 61 6,781 538 520 2,249 2,475 159.1 144.9 182,5 176.7 556 27 64 77 355 43 5,473 Wage earners and weekly wages in manufac1,661 turing, unadjusted (U. S. Dept. of Labor) :f 2,276 154.8 151.9 154.2 139.0 Wage earners, all industries. 1939^100. 622 197. 190.7 193.7 163.3 Durable goods. _ do 164.0 163.1 152.1 163.0 Iron and steel do___ Blast furnaces, steel works, and rolling 820 679 592 594 138.9 139.8 135.6 137.0 mills. 1939=10042 42 46 55 207.9 173.8 211.0 205.7 Machinery, except electrical do— 364 499 428 356 M a c h i n e r y a n d m a c h i n e shop 186 279 204 184 214.9 220.7. 217.6 177.2 products .1939=100.. 582,688 730,327 529,525 527,168 118.6 -110.1 141.1 114.8 Automobiles do 78,094 74,794 83,304 84,799 Transportation equip.,f except autos. 135,727 148,388 112,240 111,795 465.4 1,010.6 1,056.3 * . . 1939=100. 1,099.6 368,867 507,145 333,981 330,574 161.7 161.1 156.4 ICO. 7 Nonferrous metals and products..do... Lumber and timber basic products 115,121 300,186 161,645 100,977 117.5 115.1 120.8 126.6 1939=100. 28,265 132,899 103,072 45,085 102.3 108.6 115.1 105.0 Sawmills do.-. 28,265 132,899 103,072 45,085 Furniture and finished lumber prod. 2,434 103,661 58,600 28,446 123.1 107.8 108.4 108.4 1939=1000 0 0 0 109.2 107.1 107.0 124.2 Furniture do... 25,830 29,238 44,472 16,639 121.0 121.2 121.5 132.6 Stone, clay, and glass products d o . . . 55,893 58,573 167,287 86,856 121.5 123.1 121.3 119.8 Nondurable goods do... 86,856 167,287 58,673 55,393 Textile-mill products and other fiber 6,018 30,437 43,846 97,050 109.5 109.5 110.5 113.5 manufactures .do..-. 30,645 34,822 49,925 . 18,400 Cotton manufactures, except small 6,556 2,630 35,415 12,365 125.1 127.6 127.6 128.0 wares 1939=100-. 81.9 83.4 86.0 85.7 Silk and rayon goods.. -do Woolen and worsted manufactures 776,036 666,376 702,341 718,187 (except dyeing and finishing) 768,912 647,462 696,006 712,136 120.3 118.6 121.3 127.4 1939=100-. 199,392 304,120 184,432 189,642 Apparel and other finished textile 223,582 292,296 192,352 199,656 107.2 107.4 107.9 115.7 products.. 1939=100— 112.4 110.4 113.1 118.4 Men's clothing do 93.2 93.2 103.9 92.6 Women's clothing -do 108.1 100.7 104.0 100.9 Leather and leather products do 126,265 133,530 169,620 140,130 98.8 91.0 91.7 95.6 Boots and shoes -do. 75,300 '83,606 104,008 86,100 122.8 131.5 145.0 134.8 Food products -do. 106.3 114.7 113.8 111.8 Baking : .do. 9,832 7,364 10,372 144.8 145.2 239.1 184.4 Canning and preserving ...do.__ 124.5 208,445 281,683 277,969 226,695 144.8 147.3 148.6 Slaughtcring and meat packing.do 1,449 1,329 1,435 104.0 1,532 106.1 105.4 103.5 Tobacco manufactures do 123.8 642,731 613,620 641,531 111.3 110.0 110.3 Paper and allied products do 118.7 90,733 67,206 72,821 86,982 109.7 109.6 110.6 Paper and pulp do 106.3 755,565 725,158 642,827 720,437 99.1 96.4 97.1 Printing and publishing do 159.1 119,978 127,469 106,660 118,236 225.7 219.0 213.6 Chemicals and allied products do 150.3 158.0 159.1 158.9 Chemicals do..116.3 795 1,580 387 118.5 119.6 120.1 Products of petroleum and coal. . . d o 106.5 109.1 110.6 110.8 Petroleum refining do 134.0 133.6 130.3 126.7 Rubber products do 125.0 23,075 19,632 20,941 21,798 134.8 129.5 126.3 Rubber tires and tubes do.._, 186.8 633,350 621,990 498,872 519,976 261.0 252.1 245.5 Weekly wages, all industries do 228.9 30,956 32,179 25,329 27,329 350.0 336.5 326.7 Durable goods _.._ .--do 202.0 263.5 255.1 251.0 Iron and steel ._.do_... Blast furnaces, steel works, and rolling 202.3 196.5 180.6 200.0 mills 1939=100.. 359.2 343.5 244.9 342.9 Machinery, except electrical do 647 718 Machinery and machine shop prod... 5,163 5,315 4,977 368.7 5,339 250. G 350.7 353.3 1939=100.. 194.1 192.5 176.5 183.3 Automobiles.. : do 1,614 1,564 1,616 1,606 Transportation equip., except autos 1,021 1,026 871 955 694.6 1,842.3 1,971.0 1939=100- 2,038.0 745 257.2 267.7 207.2 651 258.3 Nonferrous metals and products..do 181.8 180.5 1G1.0 174.3 Lumber and timber basic prod do 165.0 147.2 164.3 158.6 Sawmills do 1 Furniture and finished lumber prod 154.2 160.8 1G2.5 151.7 1939=100.. 67,187 70,528 63,978 85,181 154.4 163.9 165.3 153.0 Furnituro...do.... 64,719 84,296 56,304 58,687 163.3 164.6 172.6 162.0 Stone, clay, and glass products do 62,036 82,004 56,651 56,664 166.1 145.6 174.0 169.6 Nondurable goods .do Textile-mill products and other fiber 43,829 74,581 46,025 41,779 147.8 163.6 170.2 164.2 manufactures 1939=100— 42,597 101,609 39,324 35,879 Cotton manufactures, except small 35,681 69,972 40,454 43,410 208.1 174.2 202.2 210.5 wares 1939=100.. 73,988 41,373 45,224 37,111 126.9 111.1 131.3 126.5 Silk and rayon goods do 7,832 9,646 6,402 17,699 Woolen and worsted manufactures (except dyeing and finishing) 198.1 196.3 1939=100176.7 197.7 1,704 1,500 1,850 1,215 Apparel and other finished textile prod1,838 1,536 1,781 1,498 140.9 137.3 140.1 146.0 ucts 1939=100.. 100.7 84.2 97.6 82.1 146.4 142.0 145.0 145.5 Men's clothing do 1,823 1,538 1,777 1,504 120.1 J16.3 122.3 129.1 Women's clothing do. 56 40 43 49 143.9* 143.2 134.4 152.5 Leather and leather products do 134.9 134.9 123.5 142.7 Boots and shoes do 3,960 1,832 2,792 '1,300 165.9 178.2 137.3 169.5 Food products do 2,346 906 '951 1,103 138.5 140.9 117.1 143.6 Baking. do 269.2 374.1 192.3 243.4 Canning and preserving do 173.4 173.0 141.0 176.1 Slaughtering and meat packing.do 144.3 144.6 127.6 154.4 Tobacco manufactures ^.--<io 144.4 144.3 152.1 156.1 Paper and allied products do 182,176 188,594 178,1S5 179,363 149.7 148.4 150.0 159.5 Paper and pulp do 167,390 143,718 149,159 157,074 108.1 108.9 114.2 113.7 Printing and publishing .do 5,472 5,121 7,116 5,503 322.3 329.1 202.9 340.3 Chemicals and allied products do 70.935 98,297 60,073 65,606 221.6 221.8 187.4 231.0 Chemicals do ' Revised. ' Figure overstated. See note In the November 1942 SURVEY. fRevised series. The indexes of wage earners and weekly wages (formerly designated employment and pay rolls) are shown on a new bas_ and have been revised to take account of changes In industry definitions and to conform with the levels of the 1939 census; data for all industries, durable and nondurable goods, and the major groups have been adjusted also to final 1940 and preliminary 1941 social security data. Revised data beginning 1939 will bo published in the December SURVEY. U. 5 . GOVERNMENT PRINTING OFFICE! t ! 4 2
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