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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 31, 1942
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
ELECTRIC POWER PRODUCTION
(1935-39-100)
(1935-39- 100)
110
MONTHLY DATA
120
100
115
90
WEDNESDAY
CLOS€
H /V
V
1 A
110
60
105
too «
95
(MILLIONS OF BARRELS- QAtLY AVERAGE)
PRICES OF ^ 5 4 INDUSTRIAL STOCKS
COST OF LIVING
125
CRUDE OIL RUNS-TO-STILLS
(SILLI0N5 OF KILOWATT HOURS)
(1935-39- 100)
\
70
>
A
^
. 1 , , 1 . , 1 .,. 1 , . . 1 . . 1 . .
, , I , , 1 , , t ,.. ,1 . . 1 . . 1 ,
. ,
1941
1942
.- , i , , i
60 ', , 1 , , t
1939
1940
, i , ,
1942
1941
WEEKLY BUSINESS STATISTICS
1941
1942
1942
Dec. 26 Dec. 19 Dec. 12 Dec. 27 Dec. 20
Commodity prices, wholesale:
All commodities
1926*-100.
»100.7 H00.5 93.8 94.0
Farm products
_
do...
113.3 112.0 95.5 96.0
Food—
_
do...
104.2 104.0 91.2 91.6
All other
_
do
»96.2 »96.2 93.9 93.9
28 basic commodities©
August 1939-100. 172.7 172.0 171.2 158.8 158.5
Cotton, mid. *W> lOmkts.J
dol. perlb.
.198 .197 .196 .174 .172
1.27
1.22
Wheat, No. 2, hd. win. (K.O.)--dol per b u 1.31
1.
1.21
274
277
Department store sales
1935-39*100..
174
Finance:
Bank debits, member banks in 101 cities:^
Total
....mil. of doL- 10,911 11,760 10,107 11,025 12,381
New York City
. . d o . . . . 5,220 4,647 3,881 4,275 5,366
Currency in circulation^
_
do
15,313 15,119 14,981 11,212 11,056
Federal Reserve bank credit, total
do
6,292 6.055 5,813 2,499 2,433
Member bank reserve balances.
do
13,129 13,517 13,267 12,447 12,497
Excess reserves, estimated
do
2,192 2,637 2,804 3,056 3,085
1941
Dec. 26 Dec. 19 Dec. 12 Dec. 27 Dec. 20
Finance—Continued.
, .
Federal Reserve reporting member banks:
Deposits, demand, adjusted-.mil. of dol.. 28,504 29,120 29,011 23; 994
Loans and investments, total—.... d o — 40,457 39,829 38,444 30,293
U. S. Qovt. obligations^
,.do.. T . 26,510 26,317 24,843 15,173
Commercial, industrial, and agricul*
6,165 6,105 6,157 6,784
tural loans
mil. of doK
132
115
161
81
Failures, commercial
....
number..
3.38
3.33
Bond yields (Moody*s)t
percent..
3.32 3.33
Stock prices {Stan.
<fc Poor)A 1935-39=* 100..
77.0 75.6 74.7 69.3
;
Production: .
.. .
1,913 1,944 1,684
Bituminous coalj..... .thous. of short tons.
3,976 3,938 3,234
Electric powers
_...._,.mil. of kw-hr.
3,892 3,8S1 .4,081
Petroleum!...
j.•___.thous. of bbl.
Steel©
U
-J
1935-39=000.
188.0 188.6 188.9 172.9
740
743
607
Freight carloadings, total..,„.thous. of cars.
359 '356
Miscellaneous
._:
do_...
24,060
30,306
15,219
6,769
.217
3.37
71.0
1,861
3,495
4,314
181.2
799
• Data do not cover calendar weeks in all cases. » Preliminary.
©Thursday prices.
t Daily average. ©Index for week ended January 2,18S.2.
T Debits to demand deposit accounts, except Interbank and U. S. Government accounts, in 101 cities.
cf Direct and guaranteed.
A402 stocks.
MONTHLY BUSINESS STATISTICS
1942
Earlier data are arailable in monthly U»uei of
the Surrey and the 1942 Supplement
Norember
[COMMODITY
1941
ber
1942
Severn-
October
PBICES
Purchasing power of the dollar:
Wholesale prices. _
Cost of living
Ketail food prices
Prices received by farmers
1035-39-100-.
do
do
—do
80.2
83.5
76.3
62.2
87.0
90.7
88.3
77.9
80.8
84.8
78.9
64.4
80.4
84.0
77.1
62.2
CONSTRUCTION AND REAL ESTATE
Contract awards:
Value of contracts awarded (F. R. indexes):
158
Total, unadjusted
1923-25=100..
79
Residential, unadjusted
do.__.
Total, adjusted
_do
180
Residential, adjusted
do
83
F. W. Dodge Corporation (37 States):
Total projects
number.. 35,872
Total valuation
thous. of dol.. 654t184
413,167
Building, total
_
do
' Revised.
501831—42
122
71
138
74
181
70
179
70
175
'80
185
'83
35,934
30,558
29,150
458,620 i723,216 780,396
309,404 :593568 534,197
Earlier data are available in monthly issuea of
the Survey and the 1942 Supplement
1941
1942
1942
Norem Novem- Septem- OctoW
her
ber
ber
CONSTRUCTION AND EEAL ESTATE—
Continued
Construction cost indexes (F. H. L. B. A.):
Standard 6-room frame house:
124.4
119.2
Combined index
1935-39=100.. 124.4
121.5
121.5
116.9
Materials
i
do
130.2
123.9
Labor~__
;
. . d o . . . . 130.2
DOMESTIC TRADE
Retail trade:
'4,840
4,569
All retail stores, total salesf.
mil. of dol.. 4,927
'838
767
1,067
Durable goods stores
.do—
'4,003
3,503
Nondurable goods storesf
d o — 4.159
All retail stores, indexes of sales:
Unadjusted, combined indext
'152.5
147.2
l»35-39=100-_ ,160.0
102.3
Durable goods stores
-do
'166'.
9
178.8
149.7
Nondurable goods storesf
do
'146.1
142.9
Adjusted, combined indexf
d o — 155.0
150.0
'103.2
134.1
Durahle goods stores
do—
'160.0
144,6
Nondurable goods storest
d o — 172.9
f See note on corresponding item in the December 1942 SURVET.
124.5
121.6
130.2
'5,282
'870
'4,413
'156.5
'104.5
'173.4
'150.0
'100.3
'166.2
MONTHLY BUSINESS STATISTICS—Continued
Earlier daU are available in monthly issues of
the Survey and the 1942 Supplement
1943
1942
1941
Earlier data are available in monthly issues of
the Surrey and the 1942 Supplement
Novem- NoTem- September
ber
FINANCE
Life Insurance Sales Research Bureau:
Insurance written, ordinary, total
thous. of doL
New England.
do._.
Middle Atlantic
do...
East North Central
do..,
West North Central
.
do...
South Atlantic.
do
East South Central
do__.
West South Central
do....
Mountain
do
Pacific...
do....
Capital flotations:
Securities issued, total.
do
New capital, 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....
ELECTRIC POWER
Electric power, production, total.
mil. of kw-hr..
By source:
FueL~.
--L
do
Water power...
—
do..-.
Privately and municipally owned electric
utilities
mil.ofkw-hr..
Other producers
_._do_...
FOODSTUFFS AND TOBACCO
Dairy products, production:!
Butter, creamery (factory)
thous. of lb_.
Cheese, total (factory).
do
Livestock:
Cattle and calves:
Receipts, principal markets
thous. of animals..
Shipments, feeder, to 7 corn belt States
thous. of animals-.
Hogs:
Receipts, principal markets
do.-.
Sheep and lambs:
Receipts, principal markets
do...
Shipments, feeder to 7 corn belt States
thous. of animals.
Tobacco, manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions._
Large cigars
thousands..
Mfd. tobacco and snuff—
thous. of lb._
METALS AND MANUFACTURES
Iron and steel scrap:*
Consumption, total
thous. of short tons..
Home scrap*
do..
Purchased scrap*
do. _
Stocks, consumers', end of mo., total*.. .do.,
Home scrap*
do..
Purchased scrap*
do. ,
Pig iron:
Consumption
do..
Stocks, consumers', end of month
do..
Steelj manufactured products:
Boilers, steel, new orders:
Area
thous. of sq. ft,
Quantity
number.
Foundry equipment:
New orders, net total
1937-39=100..
New equipment
do
Repairs.
do...
PAPER AND PRINTING
paper.
Total paper, Inch newsprint and paperboard:
Production
short tons..
Paper, excl. newsprint and paperboard:
Orders, new
..short tons..
Production
do
Shipments..
do
. Fine paper:
\
Orders, new .
do
Orders, unfilled, end of month.
do
Production
do
Shipments-..
do
Stocks, end of month
do
169.1
169.1
155.6
155.6
168.9
172.4
170.9
170.0
161.6
157.0
130.7
127.0
137.8
143.4
140.9
143.2
253.6
194.9
243. 2
186.9
214.2
202.6
250.5
192.8
447, 749
34, 767
119, 590
100, 774
44,357
45,188
17,410
30, 565
12,703
42,395
581,692
46, 258
158,819
135,360
52,792
57,874
23,383
40, 553
13,910
52, 743
432,679
33, 590
101,1?5
96,148
45, 203
46, 426
18,413
35,445
12,390
43, 939
467,814
37,408
118,351
106,057
47,518
47,720
18,867
32,234
13,059
46,600
97,871
29,029
29,029
4,679
17,125
7,225
68,842
68,842
4,679
45,520
9,792
233,304
108,600
108,600
89,427
0
19,173
124, 703
124, 703
42, 384
31,675
50, 644
100,977
45, 085
45, 085
28,446
0
16,639
55,893
55,393
30,437
18,400
6,556
115,121
28,265
28,265
2,434
0
25,830
86,856
86,856
43,843
30,645
12,365
16,454
14,491
16,114
16,753
10,723
5,730
10,402
4,089
10.895
5,219
11,244
'5,509
14,086
2,368
13,056
1,435
13,804
2,310
14,282
r 2,470
107,480
57,660
112,461
71,426
140,130
80,100
126,265
75,300
2,535
2,022
2,605
2,995
314
274
294
486
3,310
2,832
2,529
2,687
2,780
1,818
3,657
3,741
452
219
720
976
20,447
474.348
25,882
17,141
542,906
27,376
21,798
519,976
27,329
23,075
633,350
30,956
5,010
2,186
3,829
1,232
2,597
4,955
2,846
2,109
4,993
1,388
3,605
5,342
3,034
2,308
5,530
1,460
4,070
4,766
1,570
4,336
1,284
5,145
1,266
1,912
874
'3,706
' 1,305
3,960
2,346
2,792
1,103
338.8
286.1
497.7
408.5
417.4
381.7
446.4
452.4
428.4
540.6
552.2
605.5
' Revised.
• Data for October are the latest available.
JSee note on p. S-35 of the December 1942 SUEVKT.
1941
1943
Novem< 3eptember
ber
October
PAPER AND PRINTING—Continued
D O M E S T I C TRADE—Continued
Eetall trade—Continued.
Chain-store sales, indexes:
Grocery chain-store sales:
Unadjusted
_
1935-39=100.
Adjusted
do...
Variety-store sales, combined sales, 7
chains:
'—~"
Unadjusted
_ _ 1935-39 -= 100.
Adjusted
___
__do_._
Rural sales of general merchandise:
Total, U. S., unadjusted...1029-31=100.
Total, U. S., adjusted
do.._
1943
Novem<
ber
1,301,067 1,072,787
:,210,509
494,691
541,855
541,125
452,923
458,975
452,597
555,607
518,867
514,384
52,773
127,734
68,242
60,053
42,430
' 43,612
35,657
45,360
44,448
49,553
64,588
44,983
52,787
53,935
48,768
Paper—Continued.
Printing paper:
Orders, new
short tons .
Orders, unfilled, end of month
do
Production
._.
do
Shipments
__.
do
Stocks, end of month
do.
Wrapping paper:
Orders, new.
do
Orders, unfilled, end of month
_.do.
Production...
do.
Shipments
do
Stocks, end of month
do
Book paper:
Coated paper:
Orders, new
percent of standard capacity..
62.7
Production
do
50.3
Shipments
do.
54.0
Uncoated paper;
97.5
Orders, new
do
Production
do
90.7
Shipments
..do.
92.9
Newsprint:
United States:
Consumption by publishers..
do.
260,542
Stocks, end of month:
10,168
At mills
.
do.
At publishers.
do
447,396
In transit to publishers
....do
60,108
178, 717
169, 674
201, OSS
197,424
79,330
152,709
81,449
148,520
151,884
' 91,502
192,509
99,025
177,924
175,121
90,829
171,950
176,775
186,799
188,076
68,900
165,768
99,334
170,920
161,266
115,182
195,215
116,100
184,815
180,037
121,382
75.5
96.2
95.3
47.4
45.2
48.8
59.7
51.3
51.8
92.9
109.2
106.6
S8.1
85.3
86.6
105.3
96.3
95.0
263,8S9
231,691
254,349
9,904
333,120
53,459
12,551 11,310
455,263 470,852
52,538 58,655
PETROLEUM AND PRODUCTS
Bituminous coal:
Industrial consumption and retail deliveries,
total
thous. of short tons_
Industrial consumption, total
do
Beehive coke ovens
__-do
Byproduct coke ovens
do
Cement mills
do
Coal-gas retorts
do
Electric power utilities
do
Railways (class I)
-.do
Steel and rolling mills
.do
Other industrial
do
Retail deliveries
do
Other consumption, coal mine fuel. ..do
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons..
industrial, total
do....
Byproduct coke ovens
do....
Cement mills
do
Coal-gas retorts
do—
Electric power utilities..
do—
Railways (class I)
•
do—
Steel and rolling mills
do—
Other industrial....
_
do....
Retail dealers, total
do....
Crude petroleum:
Consumption (runs to stills)..-thous. of bbL.
Production
do...
Refinery operations.
_. pet. of capacity„
Stocks, end of month:
Refinable in U. S
thous. of bbl..
At refineries
do
At tank farms and in pipe lines....do
On leases
do.
Heavy in California
do. __
Wells completed
number.,
Refined petroleum products:
Gas and fuel oils:
Production:
Gas, oil and distillate fuel oil
thous. of bbl..
Residual fuel oil_
.do—
Stocks, end of month:
Gas, oil and distillate fuel oil
-do
Residual fuel oil.
..do—
Motor fuel:
Production, t o t a l s - .
do—
Benzol
-do
Straight run gasoline—
do—
Cracked gasoline
-do—
Natural gasolinet
-do—
Natural gasoline blended
.do—
' Stocks, gasoline, end of month:
Finished gasoline, total
do—
At refineries
-do
Unfinished gasoline
do—
Natural gasoline
do—
Kerosene:
Production
do....
Stocks, refinery, end of month
do—
Lubricants:
Production
do
Stocks, refinery, end of month
do—
45,410
37,710
1,043
7,333
685
14G
5,572
10,273
858
11,800
7,700
227
43,055
34, 555
835
6,848
628
143
5,532
8,747
912
10,910
8,500
313
42,228 ' 45, 500
35,038 ' 37,800
1,088 '1,126
7,294
7,542
678
714
137
149
5,661 ' 5, 787
9,465 •" 10, 279
775
843
9,940 11,360
7,190
7,700
258
-•247
90,60S
78,978
11,190
1,011
436
20,361
13,293
61, 763
87,311 ' 89,937
77,261 ' 79,057
10,566 10,998
1,092
1,081
413
409
19,872 20,452
13,542 ' 13,663
1,239
1,251
30,540 31,200
10,050 10,880
1,157
31,500
11,630
n
52,013
8,327
714
372
12,427
9,726
908
19,540
9,750
121,539
123,355
113,474 116,381
115,801 120,311
82
243,679
51,631
ISO, 051
11,997
10,203
1,723
240,043 237,361
44,569 43,552
182,825 181,203
12,649 12,606
10,167 10,868
817
836
16,230
29,066
18,062
30,402
18,858
31,239
55,073
83,730
45,817
69,264
49,823
69,420
61,243
49,389
51,495
0
287
0
24,244
30,718
5,994
4,717
19,088
23,882
6,998
5,108
19,977
24,905
7,256
5,455
79,378
49,351
7,900
4,557
69,293
46,736
8,853
6,056
67,669
46,158
8,953
5,424
6,443
10,843
5,421
8,203
5,907
3,607
7,752
2,951
9,278
3,057
9,421
23,079
9,914
410
129.8
22,956
11,191
468
134.9
23,012
11,429
TEXTILE PRODUCTS
Cotton spindle activity: X
Active spindles
_
.thousands.. 22,948
Active spindle hours, total
mil. of hours.. 10,558
443
Average per spindle in place
hours..
Operations.
percent of capacity.. 133.4
478
136.9
fRevised series. See note on corresponding item of the December 1912 SURVET.
*New scries. See note on corresponding item in the December 1942 SURVEY.
@FedFRASER