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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 4, 1941
SUMMARY OF BUSINESS TRENDS
HE beginning of the holiday season finds general business
T
activity in record volume. A strong holiday trade is anticipated, based upon the sharply expanded flow of income payments
to individuals. Stores have anticipated such a development,
and stocks have been built up to meet the current demand.
Industrial output continues in exceptionally high volume with
the backlog of orders still huge, despite the decline in new orders
which has accompanied increasing restrictions on production
and materials in many lines.
Industrial output in November did not experience the usual
seasonal decline. November steel operations were about 97 percent of capacity, only slightly off from the October rate. Petroleum production continued at the high level of previous
months, and in the most recent week climbed to a new" peak on a
daily average basis. Automobile output also was higher than
that in October, running at about 93,000 units por week, with the
exception of that in which Tthe Thanksgiving holiday occurred.
Cotton manufacturing show ed little change while lumber production continued its seasonal decline. Production of defense
materials continues to rise.
Freight carloadings in November reflected the maintenance
of high industrial operations and were down much less than
seasonal.
Employment trends are following the pattern determined by
the requirements of defense. The intensified shift from civilian
to defense production has caused defense employment to rise.
Offsetting declines are reported in some nondurable lines and in
a number of industries producing consumer durables. Latest
detailed data—that for October—show that employment dislocations are developing out of material shortages in such lines
as plumbers' supplies, stoves, vacuum cleaners, washing machines, refrigerators, electrical appliances, metal furniture, some
br^Sy Hror^e.and copper products, and silk, including hosiery.
"Total civil nonagricultural employment in October was
slightly above the September level, a 3,374,000 rise since October
1940. During this period, there was also an increase of 1,281,000
in the size of the armed forces. Increased building of defense
plants brought a further marked rise in construction employment from September to October. Under seasonal influences,
employment in trade also expanded substantially.
SELECTED BUSINESS INDICATORS
5
?
STEEL INGOT PRODUCTION
ELECTRIC POWER PRODUCTION
FREIGHT-CARLOADINGS
(PERCENT OF CAPACITY)
(BILLIONS OF KILOWATT HOURS)
(THOUSANDS OF CARS)
AUTOMOBILE PRODUCTION
BITUMINOUS COAL PRODUCTION
(THOUSANDS OF VEHICLES)
(DAILY AVERAGE-THOUSANDS OF TONS)
CRUDE OIL RUNS-TO-STILLS
COMMERCIAL LOANS
(.MILLIONS OF BARRELS - DAILY AVERAGE)
(BILLIONS OF DOLLARS)
MISCELLANEOUS CAR LOADINGS
(THOUSANDS OF CARS)
F.H.A. HOME MORTGAGES
(NUMBER SELECTED FOR APPRAISAL ON HOMESTOBE BUHT)
4.5
4.0
3.5
3.0
2.5
100
95
WEEKLY WHOLESALE PRICE INDEX, ALL COMMODITIES
(1926- 100)
FACTORY EMPLOYMENT AND PAYROLLS
(1923 -25- 100)
180
90
85
80
75
70
I,,.,,
1938
428344—41
—**—J
,,I,,I
1939
1940
1941
1938
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 1936-39 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
1940
1941
Nov. Nov. Nov. Nov. Nov. Nov. Nov, Dec, Nov.
29 22 15
8
1
2
25
30
23
Business activity:!
New York Times§
Barren's, 1923-25=100...
Business Week A, 1923-25=100.
Commodity prices, wholesale:
Dept. of Labor:
Combined index, 1926=100...
Farm products
Food
Allother...
28 basic commodities©
Fisher's index, 1926=100:
Combined index
Copper, electrolytic!
Cotton, average, 10 markets
Construction contracts!
Distribution:
Carloadings
Department store sales
Employment, Detroit, factory,
1923-25=100. __
1939
1940
Nov. Nov. Nov. Nov. Nov, Nov. Nov. Dec. Nov.
22
29
8
2
25
15
30
23
Finance:
80.7 83.5 83.7 91.1 90.9
80.7 80.7 80.7
Bond yields!.
75.8 76.7 76.8 78.5 79.0 86.5 87.8 99.1 100.7
Stock pricesj.
Banking:
157.3 170.5 144.1 151.7 137.7 125.1 134.1 117.5 112.2
Debits, outside N. Y. C.J
Federal Reserve reporting
92.2 92.3 91.7 91.6 79.7 79.5 78.8 79.0
member banks:
131.5 131.7 132.1 131.2 130.8 106.5 106.3 101 0100.6
Loans, total
90.3 90.7 89.6 89.5 69.1 6S.8 67.1 67.6
L67.0 166.0 165.0 164.3 162.9 133.8 133.0 118.0 117.1
Currency in circulationt
89.5 89.6 88.8 88.2 73.3 72.8 71.1 72.0
71.7 66.4 71.7
Failures, commercial, 1939=100. 167.0
93.6 3.6 93.1 93.1 84.5 84.3 £4.4 84.4
66.1 fll.2 90.5 93.3 89.0
155.0 154.6 153.7 154.0 153. 117.2 117.4 120.5120.0 Production:
121.2 99.6 120.5 121.3 120.4 169.5 135.3 121.3 94.0
Automobiles..
124.12 153.0 140.6 135. 4 128.9 139.7119.0 140.1
Bituminous coalt
98.6 98.3 84.7 84.5 84.7 84.0
99.0 98.6
. 161.9 153.8 153.8 137,\ 6 139.1
112.9 112.9 112.9 112.9 112.9 112.9 112.9 117.7 117.7
Cotton manufacturingt
150.5155.1
156.1 156.8 137.6 133.3 122.3 120.2
Electric
power
__.
_
J9.7
90.0
89.fi
88.2
151.7 150.6 150.6 149.5 148.4
137.0 129.1 129.4 128.6 105.3 119.0 103.9 120.6
Petroleum!
304.8 206.0160.0134.1106.6
177.5 179.5 178.8 181.8 184.9 168.9 168.9 166.0 165.1
Steel®
122.6 135.5 134.0 137.2 111. 7 112.6 105.1 103.2 Receipts, primary markets:
198.7 168.7 126.6 131.8 201.3 246.8 160.1174.2156.2
128 14S 139 138 147 116 139 107
Cotton
_
3.7 80.7 80.3 77.7
44.6 39.7
48.8
Wheat
119.9
117.3 122.0
105.9
129.8 130.1 128.3 127.6 119.3 118.5 113.0 111. 7
137.9 142.0 140.4 139.5 123.5 122.9 117..0115.0
162.7 161.9 161.1 161.2 142.7 142.0 125.7 124.6
• Data do not cover calendar weeks in all cases.
^Seasonally adjusted.
|Computed normal<=100.
ARevised 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.
tSeasonally adjusted index compiled by the N. Y. Cotton Exchange.
<g> Index for week ended Dec. 6 is 180.6.
jDaily average.
WEEKLY BUSINESS STATISTICS*
1941
Nov. 29
Nov. 22
Nov. 15
0.118
.165
3.34
38.15
1.14
0.118
.164
3.32
38.15
1.13
0. U8
.164
3.31
38.15
1.13
3,636
5,530
4,385
7,141
2,284
2,184
13,126
3,799
1940
Nov. 8
1939
Nov. 1
Nov. 30
Nov. 23
0.118
.163
3.28
38.15
1.13
0.118
.162
3.28
38.15
1.12
0.118
.098
2.46
38.13
.85
0.118
.098
2.44
38.07
.85
0.123
3,224
5,029
4,399
6,355
4,330
5,769
2,959
4,547
2,307
2,184
12,942
3,692
2,263
2,184
12,707
3,540
2,247
2,184
12,594
3,409
2,250
2,184
12,632
4,602
24,452
5,428
18,427
11,814
24,192
5,450
18,371
11,769
24,151
5,460
18,294
11,703
23,876
2,921
11,266
6,602
1.00
L25
10,597
-4.035
203
2,927
11,285
6,632
1.00
1.25
10,531
a
4.034
188
2,929
11,317
6,633
1.00
1.25
10.467
2,923
11,238
6,573
M.034
203
38,750
3.27
4,636
32,380
3.27
3,320
€3.06
77.0
78.3
74.1
67.9
28,940
3.27
3,670
S3.15
76.5
77.8
73.6
66.7
38,140
3.26
3,181
85.02
79.3
80.4
76.4
76,820
1,613
3,205
92,990
1,988
3,304
4,087
96.6
799,386
141,881
39,725
41,022
13,201
141,257
55,027
367,273
209
296
393
4,407
Dec. 2
1938
Nov. 25
Dee. 3
Nov.
0.123
.096
2.39
37.42
0.110
0.110
2.35
37.26
2.41
36.36
.65
2.38
36.37
.63
3,773
5,618
2,983
4,100
3,012
4,700
2,608
3,759
2,952
4,097
2,276
2,204
14,292
6,931
2,302
2,231
14,127
6,800
2,605
2,552
11,620
5,135
2,645
2,593
11,619
5,171
2,584
2,564
8,876
2,587
2,564
8,818
3,353
* 24,258
5,440
18,379
11,318
22,189
5,375
15,774
9,543
21,961
5,382
15,834
9,529
18,972
5,232
14,503
8,713
18,918
6,252
14,475
8,726
16.013
5,124
13,008
8,106
15,916
5,125
13,003
8,129
3,330
11,203
6,554
1.00
1.25
10,335
* 4.033
187
2,707
9,128
4,911
1.00
1.25
8,490
M.035
2,408
8,656
4,381
1.00
1.25
7,485
3.904
264
2,401
8,617
4,388
1.00
1.25
7,433
3.924
252
1,682
8,317
3,866
1.00
1.25
6,811
4.670
1,682
8,303
3,86$
1.00
1.25
6,762
4.658
258
2,700
9,110
4,908
1.00
1.25
8,436
•4.035
. 256
36,500
3.27
3,023
85.56
79.0
80.1
76.7
69.3
37,540
3.38
3,296
93.60
85.0
84.9
90.7
71.4
34,350
3.39
3,046
95.07
86.5
86.4
91.6
73.5
34,170
107.30
96.8
97.2
101.4
79.3
34,110
3.68
2,978
109.03
99.2
99.6
102.9
82.8
36,450
3.95
5,040
102.81
97.3
99.9
92.3
75.9
28,200
3.95
4,321
103.97
97.8
100.5
92.5
76.4
93,585
1,826
3,326
4,096
98.2
02,879
1,759
3,339
4,071
99.9
28,659
130,783
1,674
2,932
104,440
1,815
2,839
3,766
96.6
15,044
03,638
1,546
2,605
3,289
94.4
12,614
72,520
1,820
2,561
3,818
93 9
10,022
97,795
1,472
2,335
3,224
60.7
17,204
84,730
1,579
2,248
3,261
61.0
181,079
43,267
40,297
15,741
156,278
57,934
389,243
873,585
178,005
42,455
36,532
18,766
158,966
56,945
382,916
894,739
175,051
44,472
35,852
19,821
158,921
59,378
401,244
728,525
156,433
38,521
15,739
149,915
17,684
316,544
733,488
154,157
39.083
33,323
15,819
140,219
40,285
310,602
685,496
144,424
34,764
38,222
13,554
149,510
11,632
293,390
673,113
142,634
33,169
35,997
13,779
142,572
23,923
281,039
648,534
151,078
28,728
35,769
16,681
152, 737
9,307
254,234
561,658
126,759
25,594
29,155
13,770
129,890
12,337
224,153
288
344
295
4,385
309
356
307
4,245
284
297
469
5^400
236
541
575
2,437
234
404
373
2,170
406
2,157
364
2,664
233
3,566
242
4,108
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New YorkJ
dol. per lb__
Cotton, middling, 1Me*, average, 10 markets|._-do.
Food index (Dun & Bradstreet)
do.
Iron and steel, composite.
_•_
.dol. per ton..
Wheat, No. 2, Hard Winter (Kansas City).dol. per bu__
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 §
_.
do...
U. S. Government direct obligations..
do...
Obligations fully guaranteed by U. S. Government
mil. of dol..
Loans, total §
do
Commerc'l, indust'l, and agricult'l loans §_.do
Interest rates, call loans J
..percent-.
Interest rates, time loans J
_
do
Currency in circulation t
mil. of dol. _
Exchange rates: Pound sterling %
.dollars..
Failures, commercial
.number..
Security markets:
Bond sales (N. Y. S. 2?.).-thous. of dol. par value..
Bond yields (Moody's) (120bonds)!
percent.
Stock sales (N. Y. S. E.)
thous. of shares..
Stock prices (N. Y. Times) t
,-dol. per share,.
Stock prices (Stand, and Poofs) (402) J 1935-39=100
Industrials (354)
'/_
do.
Public utilities (28)...
do.
Railroads (20)
_
do.
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles (Ward's).
number,.
Bituminous coalt
__
thous. of short tons,.
Electric powerA
mil. of kw.-hr..
Petroleum{__
_
thous. of bbl..
Steel©
.
^
pet. of capacity..
Construction contract awardst
__.tbous. of dol._
Distribution:
Freight carloadings, total
_
cars,
Coal and coke
,,__
_
do,..
Forest products
_
.do...
Grains and grain products..
do...
Livestock
do...
Merchandise, 1. c. 1.
_
.do...
Ore-..do.,.
Miscellaneous
_
_
do...
Receipts:
Cattle and calvesf
thousands.
Hogst
.
do
Cotton into sight
thous. of bales,.
Wheat, at primary markets
thous. of bu._
82.04
76.6
77.0
73.7
67.4
93,495
95.9
463
4,570
18,285
11,683
1.00
1.25
10,424
-4.034
196
71.7
96.6
19,373
JDaily average.
*Data do not cover calendar weeks in all cases.
• Free rate.
1 Revised series. See 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.
0 Rate for week ended Dec. 6 is 97.6; data beginning with July 1941 are based on estimated capacity, June 30,1941 (see note marked with " S " 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.
AData 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
BUSINESS INDEXES
1941
October
1940
1941
Octo- August
September
ber
Earlier data are available in monthly issues ol
the Survey and the 1940 Supplement
1941
1940
October
October
1941
September
EMPLOYMENT AND WAGES—Continued
Employment—Continued.
Manufacturing, adjusted (Fed. Res.)f
' 132.4
144.5
123.0
p 162. 0
111.4
117.0
133.0
132.5
__
1923-25^100
' 141.3
110.0
102.0
P112.5
80.5
141.1
Durable goodst
do
111.2
142.0
' 139.7
' 99.0
PIOI.5
95.0
69.0
140.3
Iron and steel, etc., not incl. mchy do
116,1
138.6
149
' 120.0
v 122.5
109.0
90.5
148
Blast fur., steel wks., and roll, mills.do
150
125
'116
••122.5
v 124.5
112.5
93.5
116
Hardware
do
116
105
'106
' 129.0
»130.0
114.0
94.5
106
Struc'I and ornam'l metal work____do
106
84
'132
* 92.0
88.5
70.5
132
87.0
132
99
Tin cans and other tinware
do
'77.4
76.4
78.4
71.3
Lumber and allied products
do
'104.
102
107
Furniture
do
91
68
68
64
67
Lumber, sawmills
do
' 177. 7
176.6
126.6
179.5
Machinery, excl. transp. equipment..do
'181
115.1
116.5
182
143
181
118.5
Agric'l implements (incl. tractors)..do
104.6
168
168
116
169
114.4
112.6
116.0
Electrical machinery, etc
_.do
108.4
'321
314
197
349
120.7
120.0
123.3
Engines, turbines, etc
do
106.9
Foundry and machine-shop pro'147
144
148
107
ducts
do
DOMESTIC TRADE
'355
366
360
257
Machine tools*
...do.
Newspaper advertising:
183
134
177
187
Radios
and
phonographs
do
107,160
95,707
123,815
118,784
Linage, total (52 cities)
thous. of lines..
' 146.6
122.3
143.0
148.1
Metals,
nonferrous,
and
products
do
21,745
22,010 22,786 23,306
Classified..
..do.
195
195
Brass, bronze, and copper products.do..__ 191
153
85,415
101,805 95,997 72, 401
Display, total
_
do.
'98.7
99.5
98.4
84.7
Stone, clay, and glass products
do
2,980
6,471
3,034
5,607
Automotive
..do.
74
74
61
74
Brick,
tile,
and
terra
cotta
do
1,534
1,606
1,337
1,551
Financial
__
do.
'130
130
112
132
Glass
do
19,993 18,511. J1.622 ,15,343 - General
..do.
'195.0
192.2
140.2
201.2
Transportation
equipment
.
.
.
.
.
.
.
.
.
.
do.,'..
65558
74,654 69,409 56,338
Retail....,
do.
'8,836
,960
4,243
9,440
Aircraft*
...do.
Retail trade:
'127
125
126
137
Automobiles.
__do_
4,143 ••4,608 '4,483
All retail stores, total sales*
...mil. of dol__ 4,651
'437
195
479
397
Shipbuilding*
_.do_
138.5
123.5 ' 140.1 ' 141.0
Index, unadjusted....
1935-39=100.
'
123.8
111.5
123.5
125.3
Nondurable
goodsf..
do
137.6
139.3 ' 155.6 ' 139.2
Durable goods
do...
' 144.6
122.8
145.9
145.0
Chemical, petroleum, and coal prod_.do
118.4 ' 135.1 ' 141. 6
Nondurable goods....
do.__. 138.8
'179
143
ISO
179
Chemicals
do
'
136.
5
117.2 '149.3
131.6
Index, adjusted
do...
'145
125
144
148
Paints and varnishes
do
'140.0
130.0 '163.5
128.3
Durable goods
:
...do...
127
121
128
127
Petroleum refining
do
'135.4
113.1 '144.7
132.7
Nondurable goods
...do...
310
325
324
328
Rayon
and
allied
products
do
Automobiles, value of new passenger-car sales:f
129.9
139.8
' 138.6
139.9
Food and kindred products.
..do
'57
'91
154
Unadjusted.
1935-39=100.. »100
144
152
151
Baking
. d o . . . . 152
'57
'104
124
Adjusted
do.
110
126
119
••125
Slaughtering and meat packing
do
Grocery chain-store sales:
'98.0
99.7
97.9
91.1
Leather
and
its
manufactures
..do
137.8
136.8
112.4
Unadjusted .
1929-31«l00__ P145.8
94
96
94
90
Boots and shoes
do
140.7
P 145.1
142.5
111.8
Adjusted.
do.
' 124.3
124.9
125.1
116.1
Paper and printing
do
'128
128
128
115
Paper
and
pulp
_
do
EMPLOYMENT AND WAGES
110.1
113.3 '111.6
91.6
Rubber products..
do
87
74
86
87
Rubber tires and inner tubes
do
Employment:
'114.7
102.6
112.6
117.1
Employment estimates (U. S. Dept. of Labor):*
Textiles and their productst
do
'107.2
'
40,715
105.2
95.2
109.6
Civil nonagri.empl., total
thousands.. MO, 741 37,375 '40,289
Fflbricst
do....
' 126- 6
124. 5
114.8
129.0
Employment in nonagri. estab., t o t a L d o — * 34,606 31,232 P34,146 ' 34,572
Wearing apparel
do
'61.9
' 12,768 10,914 '12,592 ' 12,782
64.4
63.3
64.1
Manufacturing..
do.
Tobacco manufactures
do...
908
906
900
Mining
do.
856
Nonmfg., unadj. (U. S. Dept. of Labor):
1,980
'1,936
1,921
Mining:
Construction
do
1,654
50.0
50.3
49.4
50.0
3,326 ' 3,367
Anthracite
1929=100.
Transportation and public utilities_do.__. 3,364
3,121
94.2
95.0
89.2
92.6
'7,008
Bituminous coal
_do.__
Trade
. d o — 7,068 '6,706 '6,897
78.8
79.4
'79.9
72.6
'4,325
Metalliferous
_do.._
Financial, service, and raise
d o — 4, 252 ' 4,105 '4,300
61.6
61.3
'62.2
62.4
Crude petroleum producing
do...
' 4, 248
Government
d o — 4,266
3,876
4,210
54.4
53.8
53.9
48.8
1,992
Quarrying and nonmetallic
do.._
Military and naval forces
d o — 2,014
1,944
Public utilities:
Manufacturing, unadjusted (U. S. Dept. of
94.6
'95.2
93.9
92.3
Electric light and powerf--do...
Labor)!
1923-25=100.. 135.1
113.8 ' 183.0 ' 135.3
69.9
'69.7
70.1
68.7
Street railways and bussesfdo...
Durable goods t_..
d o — 143.7
112.8 * 138.7 ' 142. 2
90.2
90.6
' 140.5
139.8
79.1
Telephone and telegraph!—do...
Iron and steel, etc., not incl. mchy_.do
139.9
117.1
'148.9
Services:
148.2
Blast fur., steel wks., and roll, mills.do
149.1
125.2
121.0
109.4 '118.9
121.0
Dyeing and cleaning.
do...
'115.8
Hardware..
d o — 116.3
113.2
105.3
113.1
100.2
114.6
110.9
'109.3
107.9
Laundries
do...
Struc'I and ornam'l metal work
do
85.6 '110.0
95.3
93.4
'94.5
95.6
' 145.0
Year-round hotels
do...
135.8
Tin cans and other tinware
do
101.4
'80.5
Lumber and allied products
do.
Trade:
79.8
81.0
74.4
99.9
94.3
100.9
'96.9
' 108.3
108.4
108.4
96.8
Retail, totalt
do...
Furniture
do.
112.2
103.5 '103.0
115.6
'70.4
69.2
70.7
66.6
General merchandising!-do...
Lumber, sawmills
.
do.
95.4
'95.8
91.0
Wholesale
do...
180.3
127.3 ' 176.5 ' 178.5
Machinery, excl. transp. equip
do.
172.0
' 170. 7 Labor conditions:
170.8
134.9
Agric'l implement (incl. tractors)..do.
167.4
Labor turn-over in mfg. establishments:
' 168.7
169.9
11G.1
Electrical m a c h i n e , etc.
do.
5.16
5.52
4.89
5.43
314.1
Accession rate...mo. rate per 100 employees.
' 323.0
340.2
191.6
Engines, turbine^ etc
do.
4.53
4.14
3.23
4.14
145.6
Separation rate, total
do
' 147.0
147.6
106.7
Foundry and machine-shop prod...do
.31
.28
.19
351.5
Discharges
_.do_...
'356.4
361.4
257.9
Machine tools*
do.
1.16
1.39
1.13
1.53
202.4
Lay-offs
.do...
212.5
216.4
163.6
Radios and phonographs
do
2.47
2.71 _ 3.06
1.51
^^Quits-flTifi misofillaneQus. .».»»»..CIQ..,.
-U47.9-147,2 —12&4"" Metals, nonfdTou3,fH*<H>t'oduets^^t4o
192.9
194.9 Pay rolls (U. S. Department of Labor):
193.4
154.9
Brass, bonze, and copper products..do
'163.0
116.2 '158.3
Manufacturing, unadjusted!
1923-25*-100.. 166.7
101.3
' 101.8
102.7
87.5
Stone, day, and glass products..
do
'184.0
123.4 '177.9
79.4
Durable goodst--.
d o — 191.6
79.1
78.0
65.0
Brick, tile, and terra cotta
do
'171.3
174.7 ' 123. 5 '172.3
Iron and steel, etc., not incl. mchy...do
lbO.0
' 130.3
133.2
113.2
Glass
do
' 178.6
182.8
183.3
131.0
Blast
fur.,
steel
wks.,
and
roll
mills.
_
do
171.5
'190.8
200.0
139.5
Transport ation equipment.
do
'156.5
161.5
153.6
118.8
Hardware
.do
9,156.7 1,115.9 7,959.9 8,571.2
Aircraft*.
_
.do
' 122.8
124.8
79.6 '124.9
Struc'I and ornam'l metal work
do
109.3
' 123.4
125.6
125.1
Automobiles
do
' 187.6
171.6
184,7
113.1
Tin cans and other tinware
do
483.7
197.4 ' 388. ?, ' 439.6
Shipbuilding*
do...
'92.5
92.1
'93.7
73.7
Lumber and allied products...
..do...
'128.7
126.9
114.8 '127.7
Nondurable goodst
--do
' 119.1
116.1
91.3
Furniture
--,
..do.... 121.9
'146.5
148.5
125.4 ' 141.9
Chemical, petroleum, and coal prod, .do
'77.6
77.4
'80.3
65.1
Lumber, sawmills..
do...
' 182.0
180.1
182.7
145.6
Chemicals
do
Machinery, excl. transp. equip
do.._, 256.7 ' 145.4 '243.4 ' 248.1
' 143.9
144.0
125.1 '144.8
Paints and varnishes
do
' 230.7
227.5
158.8
Agric'l implements (incl. tractors), do..., 232.2
127.9 ' 128.5
128.6
121.2
Petroleum refining
do
'241.4
244.7
240.0
138.2
Electrical machinery, etc
do.._
329.3
326.4
311.1
Rayon and allied products
do
327.0
' 569.6
611.5
265.1 '545.1
Engines, turbines, etc
_do._
159.3 ' 162.7
151.3
141.3
Food and kindred products
.do
'187.8
197.2
111.7 '186.0
Foundry and machine shop products-.do...
152.7 ' 153.5
153.9
145.9
Baking
.do
' 577.8
597.3
553.4
352.3
Machine tools*
do._.
122.4 '123.6
126.1
109.6
Slaughtering and meat packing
do
' 254.4
260.5
234.0
164.3
Radios and phonographs
.do...
101.1
90.0
'98.9
Leather and its manufactures
do....
98.5
'187.5
185.2
136.3 '183.1
98.3
88.4
Metals, nonferrous, and products
do...
'95.2
Boots and shoes
do
94.8
262.0
190.0 ' 273.6 '273.2
123.9 ' 124.8
117.6
Brass, bronze, and copper products.do...
Paper and printing.
do
126.5
110.3
r
105. 5
83.0 '104.2
127.8 '128.3
115.1
Stone, clay, and glass products
do._.
Paper and pulp
do
128.0
'76.2
76.1
77.0
55.1
111.8 '111.5
92.6
Brick, tile, and terra cotta
do...
Rubber products
do
111.6
'
161.0
155.4
129.8
176.0
86.7
73.9
Glass
do...
Rubber tires and inner tubes
do
'86.5
86.0
' 253.3
279.7 '163.2
224.1
104.5 '115.4
Transportation equipment.
do...
Textiles and their products!
-do
' 115.5
114.6
11,302.1
10,462.0
1,639.4
12,615.4
96.1
Aircraft*.
d
o
.
.
.
106.9
Fabricsf. _
.
do
' 106.3
106.1
171.7
137. S '158.9
149.2
118.9 '129.6
Automobiles
do...
Wearing apparel
do
'131.2
128.9
794.4 '244.0 ' 614.6 '700.1
G6.5
Shipbuilding*
do...
65.8
Tobacco manufactures
do
'63.8
67.3
» Preliminary, r Rev:s2d. tRevised series. See note on corresponding item In November 1941 Survey.
* New series. See note on corresponding item in November 1941 Survey. Estimates of employment in manufacturing, trade and service Industries have been revised
to adjust data to census figures of total employment in these industries and the totals revised accordingly; earlier revisions will be published later.
Cash income from farm marketings:
Crops and livestock, combined index:
Unadjusted
1924-29^100.
Adjusted
do...
Crops
do...
Livestock and products
do._.
Dairy products
^
do___
Meat animals
.
do...
Poultry and eggs
_
do...
CONSTBUCTION AND REAL ESTATE
Construction cost indexes (F. Home Loan Bk.Bd.):f
Standard 6-room frame house:
Combined index
1935-1939=100.
Materials.
..do...
Labor
do...
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
1940
October
SepOcto- August
ber
tember
EMPLOYMENT AND WAGES-Con.
Payrolls—C ont inue d.
Manufacturing, adjusted (Fed. Res.)f—Contd.
138.9
Nondurable goods t
1923-25=100.
Chemicals, petroleum, and coal prod.do.... 190.7
Chemicals
do..-. 257.6
Paints and varnishes
do
173.5
Petroleum refining
do
163.2
Rayon and allied products
-do
375.5
Food and kindred products
do__. 161.9
Baking
do.-.. 157.8
Slaughtering and meat packing
do.-.. 151.1
Leather and its manufactures
do
100.5
Boots and shoes
.__
do
93.8
Paper and printing
__
.do...
135.6
Paper and p u l p . . .
__
.do-..
164.4
Rubber products
do.... 135.8
Rubber tires and inner tubes
do.... 108.2
Textiles and their products!
--do
122.3
Fabrics!
do
120.2
Wearing apparel
.
do.... 119.0
Tobacco manufactures...
do
74.9
Nonmanufacturing, unadjusted:
Mining:
49.2
Anthracite..
1929*= 100..
Bituminous coal
_.do
122.6
Metalliferous
_
do
88.4
Crude petroleum producing
do
63.0
Quarrying and nonmetallic
-do
60.8
Public utilities:
116.0
Electric light and powerf
.-do
Street railways and bussest
do
78.1
Telephone and telegraph!
do
117.6
Services:
98.4
Dyeing and cleaning
.-.do
Laundries
do
103.2
Year-round hotels
_
do
92.0
Trade:
Retail, total!
____do._97.5
General merchandising!
do
110.3
Wholesale
do....
92.0
FINANCE
Commercial failures:!
809
Grand total
number..
29
Commercial service, total
_
.do
57
Construction, total
_do
138
Manufacturing and mining, total
do
516
Retail trade, total
—
_do___.
69
Wholesale trade, total.__
do....
Liabilities, grand total
..thous. of doL. 7,333
358
Commercial service, total
__
do
577
Construction, total
do
2,879
Manufacturing and mining, total
do
2.790
Retail trade, total
..do—.
729
Wholesale tradp, total
do_._.
CHEMICALS AND ALLIED PRODUCTS
Alcohol, denatured:
Consumption
..thous. of wine gal_._. 18,302
Production
do
18,185
Stocks, end of month..
_
.do ..
740
Alcohol, ethyl:
Production.
thous. of proof gal.. 36,393
Stocks, warehoused, end of month.
.do
7,143
Withdrawn for denaturing
do
32,604
Withdrawn, tax-paid
_
do
2,555
ELECTRIC POWER AND GAS
Electric power, production, totaL.mil. of kw.-hr.. 15,231
By source:
Fuel
_
do.... 11,027
Water power.__
_
„•
do...- 4,205
By type of producer:
Privately and municipally owned electric
utilities
mil. of kw.-hr-. 13,678
Other producers
.do
1,554
FOODSTUFFS AND TOBACCO
Meats:
Total meats:
Consumption, apparent
mil. of lb._
(•)
Production (inspectei slaughter)
do
Beef and veal:
Consumption, apparent
thous. of lb_.
Production (inspected slaughter)
do
642^31
Lamb and mutton:
Consumption, apparent
do
("J
Production (inspected slaughter)
do „. 67,206
Pork (including lard):
Consumption, apparent
.do
C)
Production (inspected slaughter), total
thous. oflb— 725,158
Lard..,.
do
127,469
Tobacco, manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions- 19,632
Large cigars—
thousands.. 621,990
Mfd. tobacco and snuff
thous. of lb_- 32,179
FUELS AND BYPRODUCTS
Coke:
Production:
Beehive
thous. of short tons.. C)
Byproduct
_
do
(•)
Petroleum coke.
do
(-)
1941
108.1
139.3
176.2
135.8
136.2
322.6
134.2
139.2
115.8
73.4
69.1
115.2
123.8
99.5
86.6
93.2
89.5
94.8
66.5
'136.3
'179.9
247.3
'171.5
159.1
368.2
'165.4
155.2
'142.9
104.7
100.7
130.9
162.7
'138.8
'116.4
'119.3
114.5
'121.7
70.0
' 139.5
'186.8
' 250.2
' 169.9
' 166.4
' 374.3
' 170. 2
'157.4
' 146.1
'101.6
'95.3
' 133.3
'163.0
' 134.2
'107.3
123.4
' 118.0
' 126.3
'70.4
32.3
83.6
71.4
57.6
46.7
51.1
' 117.3
'85.4
'61.5
'59.3
' 115.1
'78.6
' 115.1
'92.1
104.7
'88.2
'94.0
'99.3
'89.8
49.6
115.6
85.9
63.3
60.6
114.2
78.1
' 114.2
99.4
105.2
89.1
95.8
107.0
90.6
954
46
76
166
585
81
735
46
39
123
460
67
11,134
9,393
1,732
3,799
3.492
1,439
4,189
3,239
107.0
70.7
102.2
82.4
88.0
84.2
85.8
92.3
80.2
1, 111
44
71
200
681
115
12,715
574
854
5,247
4,194
1,846
672
15,264
15,065
1,089
f
23,595 34,299
13, 471 10,117
'25,557 27,327
' 2,360
3,071
-15, 560
15,098
' 1,980
447
594
924
17,100
16,90S
861
35,757
6,491
30,433
3,435
13,055
14,540 ' 14,348
9,396
3,659
10,610 '10,351
3,930 '3,997
11,702
1,353
13,037
1,503
12,874
' 1,473
1,365
1,349
1,290
1,168
563,986
557,536
60,214
60,364
1,292
1,178
592,169
580,536
"71,486 665,384
637,395
'47,045 549,836
114,789 98,086
531,503
92,231
•124, 736
=532,165
69,165
69,618
62,276
63,094
16,448 17,777
583,508 491,028
34,71S 27,462
18,761
506.071
29,756
611
5,013
137
574
4,806
158
384
4,854
131
' Revised.
• Data for September are latest available,
t Revised series. See note on corresponding item in November 1941 Survey.
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
FUELS AND BYPRODUCTS—Con.
Coke—Continued.
Stocks, end of month:
Byproduct plants, total
thous. of short tons..
At furnace plants
do
At merchant plants
do~_.
Petroleum coke
do.._.
LEATHER AND PRODUCTS
Leather:
Production:
Calf and kip
thous. of skins..
Cattle hides.
thous. of hides..
Goat and kid.
_
thous. of skins..
Sheep and lamb
do....
Stocks of cattle hides and leather, end of mo.:
Total..
...thous. of equiv. hides..
In process and finished
do
Raw.
_
_.
do....
METALS AND MANUFACTURES
Pig iron and iron manufactures:
Castings, malleable:
Orders, new
..short tons..
Production
_
do
Shipments.
_
do
Boilers and radiators, cast-iron:
Boilers, round:
Production.
.__
thous. of lb_.
Shipments
do..-.
Stocks, end of month
do
Boilers, square:
Production
_._
do
Shipments
do....
Stocks, end of month
do
Radiators, ordinary type:
Production..thous. of sq.ft. heating surface-.
Shipments
—
do....
Stocks, end of month
do
Steel, manufactured products:
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousands..
Production
do
Shipments..
do
Stocks, end of month
do
Steel products, production for sale:!
Total
thous. of short tons..
Merchant bars
do
Pipe and tube
do-...
Plates
_
_
do
Percent of capacity
___
Rails
thous. of short tons..
Sheets, total
do....
Percent of capacity
Strip:
Cold rolled
thous. of short tons-.
Hot rolled.
do
Structural shapes, heavy
do
Tin plate
_
do-...
Wire and wire products
do.~.
Nonferrous metals:
Lead:
Ore: Receipts, lead content of domestic ore
short tons-.
Refined:
Production from domestic or©
do
Shipments (reported)
...do
Stocks, end of month
do
RUBBER AND PRODUCTS
Tires and tubes:
Pneumatic casings:
Production
thousands-.
Shipments, total
do
Original equipment
do
Stocks, end of month
do....
Inner tubes:
Production
_
__do
Shipments, total
do
Stocks, end of month
do
TRANSPORTATION EQUIPMENT
Automobile production:
Canada, total
_._
-.number..
Passenger cars
do
United States (factory sales), total
do_...
Passenger cars
_
..do
Trucks
_
_
do-...
Automobile registrations:!
New passenger cars
do
New commercial cars
...do
Railway equipment (Asso. of Amer. R. R.):
Freight cars, end of month:
Number owned
thousands..
Undergoing or awaiting classified repairs
thousands..
Percent of total online
Orders, unfilled
cars..
Equipment manufacturers
do—
Railroad shops
-do—
Locomotives, steam, end of month:
Undergoing or awaiting classified repairs
number..
Percent of total on line
Orders, unfilled
numberEquipment manufacturers
do...,
Railroad shops.
do...
1941
1940
October
Octo,pSX.r
ber August tember
1,209
4,554
()
70,528
84,296
82,004
1941
2,029
740
1,290
581
1,596
932
664
372
1,588
889
699
370
1,977
3,098
3,643
1,181
2,375
3,365
4,741
1,084
2,385
4,107
4,577
13,377
9,174
4,203
13,497
8,459
5,038
13,523
8,357
5,166
71,129
62,293
61,161
68,945
68,570
64,250
64,283
69,175
67,532
2,091
1,936
3,483 5,145 2,669
11,912 10,750 14,024
2,148
2,741
13,405
29,461 32,701 26,505 27,591
37,360 43,767 38,894 34,899
97,896 82,205 113,130 105,759
8,267 8,454 7,098
10,494 11,769 11,696
20,154 22,805 25,584
7,675
10,901
22,394
1,850
1,781
1,777
43
431
1,520
1,534
40
1,497
1,590
1,600
37
1,492
1,713
"1,711
40
5,471
503
531
587
124.1
161
1,053
94.1
4,670
475
401
430
83.6
79
1,069
96.8
5,234
447
485
532
99.7
146
1,018
92.4
5,059
431
464
519
112.2
127
954
88.5
110
136
407
342
432
147
362
189
382
106
130
434
104
134
372
325
420
39,390 38,641
38,228
38,259
37,221 39,228 39,100
43,537 62,496 55,005
10,735 35,386 15,330
41,373
47,093
13,148
4,834
5,867
1,994
4,123
5,077 '4,983
5,525 ' 5,394
2,320 ' 1,122
9,410 5,834
4,137
5,143
4,448
4,548 ' 4,436 ' 4,143
4,876 ' 4,780 ' 4,792
7,648 6,071 '5,431
' 4,563
'5,259
' 1,469
••5,154
19,360 21,151 17,192 14,496
5,635 7,056 3,160
2,548
382,000 193,223 147,600 234,255
295,568 121,214 78,529 167,790
86,432 72,009 69,071 66,465
290,495 246,595
48,356 56,191
L6S2
68
4.1
78.974
57,584
21,390
3,778
9.6
284
240
44
1,638
1,671
125,293
43,892
1,676
117
7S
7.3
4.7
27,459 89,917
18,700 65,814
8,759 24,103
73
4.4
86,943
63,G07
23,336
4,208
10.7
317
269
48
4,022
10.2
309
263
46
6.155
15.4
131
122
9
X See note on corresponding item in November 1941 Survey.
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