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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT

UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C., FEBRUARY 11, 1943
SELECTED BUSINESS INDICATORS
ELECTRIC POWER PRODUCTION

S T E E L INGOT PRODUCTION

DEPARTMENT STORE S A L E S AND STOCKS
MONTHLY DATA

140

/V/Vv
/V X / v

INDUSTRIAL

(1935-39 • 100}

HO

STOCKS

WEDNESDAY CLOSE

f

I £0
100

(MILLIONS OF SHORT TONS-DAILY AVERAGE)

PRICES OF 3 5 4

(SEASONALLY ADJUSTED, I 9 2 3 - £ 5 « I O O )

160

BITUMINOUS COAL PRODUCTION

(BILLIONS OF KILOWATT HOURS)

(1935- 39 » (00)

100

ws

J

•

-

80

r

w

\

60
1 F ! 1t 1P 1 1 t 1 1 1 1 !_!_
1 . , i . . t 1 1 t 1 1 t 1 ! , 11 1 1 1
1943
1942

1 1 1 1 1 1 1 t 1 1 1

i i i

ii

wf,

..

1111,111111, i

1942

i , ,

I , , .

WEEKLY BUSINESS STATISTICS1
1942

1943

1942

1943

Feb. 6 Jan. 30 Jan. 23 Feb. 7 Jan. 31
Commodity prices, wholesale:
95.9
* 101.8 p 101.7
95.7
All commodities
1926=100.
117.7 117.2 100.1 101.3
Farm products
do
93.9
105.0 104.7
93.7
Food
do
94.7
P96.3 "96.3
94.5
All other
do.._.
28 basic commodities®.. August 1939=100. 174.5 174.3 173.8 165.3 164.8
.197
.205
.191
Cotton, mid, ^Ma*, 10 mkts.J-.dol. per Ib-.
.206
.205
1.26
1.37
1.26
Wheat, No. 2, hd. win. (K.C.).dol. per b U - .
1.
1.37
121
121
114
119
Department store sales
1935-39=100. _
Finance:
Bank debits, member banks in 101 cities: 1
Total
____.mil. of dol.. 12,603 10,320 10,778 9,724 9,421
N e w York City
do._._ 5,800 4,080 4,364 4,033 4,007
15,681 15,499 15,370 11,241 11,133
Currency in circulationt...
do
5,766 5,992 6,195 2,316 2,339
Federal Reserve bank credit, t o t a l , . d o
Member bank reserve balances
d o — 12,942 13,278 13,156 12,849 13,075
Excess reserves, estimated
d o — 1,700 2,094 1,9981 3,326 3,479

Feb. 6 Jan. 30 Jan. 23 Feb. 7 Jan. 31
Finance—Contir ued.
Federal Reserve reporting member banks:
Deposits, demand, adjusted_mil. of dol— 29,743 30,052 29,472 24,457 24,747
41,708 41,591 41,361 30,353 30,342
Loans and investments, total
—do
U. S. Govt, obligations^1
do... 28,648 28,567 28,347 15,431 15,398
Commercial, industrial, and agricultural loans
mil. of dol— 5,921 5,940 5,956 6,785 6, 778
82
138
114
241
248
Failures, commercial
number3.23
3.25
3.27
3.34
3.35
Bond yields (Moody's)tpercent—
79.6
82.7
81.8
72.4
72.6
Stock prices (Stan. & Poor) A-1935-39** 100Production:
Bituminous coalt
thous, of short t o n s 1,900 1,867 1,793 1.870
Electric power
__mil]s. of kw-hr„
3,977 3,974 3,475 3,468
3,826 3,849 4,337 3.871
Petroleumt
thous. of bbl—
Steel®
-1935-39= 100- 190.7 188.9 191.2 180.8 180.0
784
704
735
816
Freight carloadings, total
thous. of c a r s 353
351
372
Miscellaneous
do—

• D a t a do not cover calendar weeks in all cases.
v Preliminary.
©Thursday prices.
JDaily average.
<8>Index foi week ended February 13, 190.3.
^Debits to demand deposit accounts,"except interbank and U. S. Government accounts, in 101 cities.
^Direct and guaranteed.
A402 stocks.

MONTHLY BUSINESS STATISTICS
1943
Earlier data are available in monthly issues of
the Survey and the 1942 Supplement

January

1943
January

Novem- December
ber

COMMODITY PRICES
Prices received by farmers:
U. S. Department of Agriculture:
Combined index
. . . 1909-14—100.do.—
Chickens and eggs
do
Cotton and cottonseed
Dairy products
do
do
Fruits
Grains.—
do
do.—
Meat animals
Truck crops
do—Miscellaneous
.
..do—

182
185
164
177
139
134
205
277
217

149
147
143
148
102
119
164
204
169

pill
p 145
p 92
p 121
p 131
p 149

108
127
99
121
130
122

•• Revised,
p Preliminary.
X See note on corresponding item in the January 1943 SURVEY.
509039—43




1943

1943

January

Janu- Novem- Decemary
ber
ber

DOMESTIC TRADE—Continued

169
178
160
171
127
117
197
238
181

178
183
162
175
151
124
196
293
211

DOMESTIC TRADE
Department stores:
Sales, total U. S., unadjusted . . . . 1923-25=1001935-39=100—
Atlantaf
1923-25=100Boston
1935-39=100Chicago
do
Cleveland!
Dallas
1923-25=100—

Earlier data are available in monthly issues of
the Survey and the 1942 Supplement

157
206
116
168
187
191

••222
••286

T
181
T
246
r
252
r

280

Department stores—Continued.
Sales, unadjusted—Continued.
Kansas City
1925=100..
Minneapolis
1935-39=100..
New York
1923-25=100.
Puiladelphia
1935-39=100..
Richmond.
do...
St. Louisl
1923-25=100..
San Francisco
1935-39=100..
Sales, total U. S., adjusted
..1923-25=100..
Atlantaf
—1935-39=100..
Chicago
do—
Cleveland!—
do....
Dallas
—
1923-25=100..
Minneapolis...
1935-39=100..
New York*
1923-25=100..
Philadelphia
1935-39 ^ 100..
Richmond.
.do—
St. LouisV
..1923-25=100San Francisco
..1935-39=100..

p 122
p 118

J»99
p

111

p 131

p 118

p
p
p
p
p
p
p
p
p

148
142
187
154
179
197
147
125
155
p 186
p
148
» 192

f See note on corresponding item in the January 1943 SURVEY.
ISee note on corresponding item in the January 1943 SURVEY.

100
122
104
115
128
110
129
138
164
154
177
161
152
132
161
182
138
167

147
144
144
182
203
158
219
138
186
153
170
171
144
121
142
193
135
209

r

231

*216
'216
r
261

r
r

304
212

v 294
' 125
' 166

r
r

146
146

' 162

p 138
' 119
' 139
'r 164
129
p 173

2

MONTHLY BUSINESS STATISTICS—Continued

Earlier data are available in monthly issues of
the Survey and the 1942 Supplement

1943

1942

January

Janu- Novem- Decemary
ber
ber

28,556

24,288
2,369
2,243
20,902
20,533
24,288
14, 715
12,927
3,347
8,303
90.8

FINANCE

Rails (20 stocks),
New York Times (50 stocks).
Industrials (25 stocks)
Railroads (25 stocks)

do..

11,756
79.1

29,019
6,678
6,189
20,908
20, 554
29,019
15,194
13,117
1,988
12,193
76.3

P22, 683 22, 747 22,743
P15,596 11,175 14,805

22,726
15,412

6,"~

20,931
20,520
28,556
14,805
13,630
2,387
12,265

77.3

111,0

100,852
1,045
9,172
4,277
6,372
5,947
86
29
35
(•)54
222
824
788
25
724
306
52

27,748
5,714
5,
20, 799
20,573
27, 748
14,534
13,208
2, "

60,099

96,116

52,555
481

108,170

86,671
657

98,276
862

8, 787

7,063
5,673
2,631
2,104
106

94
42
32
3
251
614
578
35
555
133

9,032

4,244
6,363
6,042
66
31
3
(*)28

4,283
6,501
5,825
70
12
25
353

194
830
601
23
784
199
248

215
2,702
2,701
24
2,649
1,972
50

1

109.4

108.9

TRANSPORTATION

2.01
2.37

2.06

2.34

2.09
2.36

77.09
133.77
20.41

38.81
115.31
14.16
28.13
80.13
139.23
21.03

38.81
117.16
14.02
26.83
81.51
142.86
20. IS

Financial operations (class I steam railways):
Operating revenues, total
thous. of dol_.
Freight
do
Passenger
do.. __
Operating expenses
do—
Net railway operating income
do

3,858
797
71
208
f 208
'65
711
65
1,733
60

3,236
649
57
164
168
78
356
230
1,534
53

2,834

22

14

40.73
121.52

37.86

111.11

14.41

28.01

3,531
790
75
172
237
66
421
71
1,698
67
35
20

22

612

57
148
176
63
340
66

1,371

1942
Octo- November
ber

1942

29, 494
6,209
8,519
19,665 32,261
1941

p190.4

p 184.1
J>11,404
"7,614
* 3,518
p 23
' 84
' 184
p1,439
p 2,083
*10,158

151.9
161.7
150.0
9,376
5,843
2,532
87
92
159
1,576
1,706
8,482

5,981
944
5,037

5,585
1,237
4,348

P211.6

41,389
6,783
31,811

1942
Octo- November
ber

Decern Decern
ber
ber

' 180.8
'200.8

'186.4
' 207.0
' 176.5 '181.0
10,603 '10,430
' 7,279 '7,428
'3,431 '3,481
'26
24
85
84
' 178
'178
763
530
'2,298 .'2,210
'9,077
'9,026

r

r

5,284
'872
'4,413

p

183.5
117.7
204.8
146.6
95.4
163.2

169.8
153.
174.9
138.3
135.4
139.3

156.6
• 104.7
173.4
' 150.1
• 100.5

6,951

2,336

4,975

6,951

2,302
110

4,973
15
3
(•)

' 166.2

26
0
0

20

13

20
4
0

144
48
62

18

2,192
2,131

4,958
4,919
38

142

17

57
36
21

2

79
52
17
10

15
15

2S
6

6,925
6,906
18

6

0

2
1

0

(*>

702,995 479,560 745,584
531,918 " 223 587,612
119,151 53,868 108,322
431,873 352, 532 416,430
170,851
1,549 184,715

LEATHER AND PRODUCTS
Production, boots, shoes, and slippers:
Total
thous. of pairs.. 38,182
453
Athletic
-do
317
All fabric (satin, canvas, etc.)
--do
1,003
Part fabric and part leather.
..do
32,058
High and low cut, leather, total
do
Government shoes
do..— 3,715
Civilian shoes:
1,316
Boys' and youths'
.-do
2,101
Infants'
do
3,236
Misses' and children's
do
7,732
Men's
do
13,958
Women's
do
3,663
Slippers and moccasins for housewear__do
687
Another footwear
do

38,451
442
337
1,052
32,654
1,737

39,842
460
361
992
32,929
3,920

1,535
2,296
3,888
10,410
12,789
3,509
459

1,580
2,042
3,239

8,282

13,865
4,430
671

PAPER AND PRINTING

FOODSTUFFS

BUSINESS INDEXES
Income payments:!
Indexes, adjusted:
Total income payments
1935-39-100.
Salaries and wages
do
Total nonagricultural income
do—
Total...:
mil. of dol_.
Salaries and wages, total...
do—
Commodity-producing industries
do
Work-relief wages
do
Direct and other relief
do
Soc. sec. benefits and other lab. inc
do
Dividends and interest
do
Entr'l inc. and net rents and royal's...do..
Total nonagricultural income
do
DOMESTIC TRADE
Retail trade:
All retail stores, total sales
mil. of dol..
Durable goods stores
do
Nondurable goods stores
do

Securties issued (Sec. and Exch. Com.):
Estimated gross proceeds, total
mil. of dol.
By types of security:
Bonds, notes, and debentures, total
mil. of dol.
Corporate
do...
Preferred stock.
do...
Common stock..
do...
By types of issuers:
Corporate, total
do...
Industrial
do...
Public utility
. . . do...
Rail
do...
Other
do...
Noncorporate, total
do...
U. S. Government and agencies
do...
State and municipal
do...
New corporate security issues:
Estimated net proceeds, total
do
Proposed uses of proceeds:
New money, total—
do
Plant and equipment
do
Working capital
do
Repayment of debt and retirement of stock,
total.
mil. of dol..
Funded debt
do....
Other debt
do
Preferred stock
do

110.1

Grain receipts, principal markets:
Corn_^_
__thous. of b u „ 35,929
Oats
do
6,353
Wheat
do
35,398

'4,893
'776
'4,116

' Revised.
»Preliminary.
* Less than $500,000.
*New series. See note on corresponding item in the January 1943 SURVEY.
t Revised series. See note on corresponding item in the January 1943 SURVEY.




1941

FINANCE

2.06
2.32

15.57
do
28.59
do
84.67
do..__ 147.75
do
21.59

thousands.
„do__.
do___
do___
do___
do___
do
do
do___
do....
do
___do...

Retail trade—Continued.
All retail stores, indexes 6f sales:
Unadjusted, combined index...1935-39=100.
Durable goods stores...
do...
Nondurable goods stores
do—.
Adjusted, combined index
do—.
Durable goods stores
do...
Nondurable goods stores
do...

109.4

TRANSPORTATION
Freight-car loadings (A. A. R.): 1
Total cars___
Coal
Coke
Forest products
Grain and grain products
Livestock
Merchandise, 1. c. 1
Ore
Miscellaneous
Freight-car surplus, total
Box cars
Coal cars

1942

Decem- December
ber

DOMESTIC TRADE—Continued

Federal Reserve banks, condition, end of mo.:
Assets, total
_mil. of dol.
Res. bank credit outstanding, total
do
United States securities.!.—
do
Reserves, total
_do
Gold certificates
do
Liabilities, totaldo
Deposits, total
do
Member bank reserve balances
do
Excess reserves (estimated)
do
Fed, Reserve notes in circulation—
do
Reserve ratio
percent..
Monetary statistics:
Gold, monetary stocks, U. S
mil. of dol_.
'Currency in circulation, total
do____
Public finance (Federal):
Debt, gross, end of mo
do
Public issues:
Interest bearing
do
Noninterest bearing
do
Special issues to Government agencies and
trust funds
—mil. of dol—
Obligations fully guaranteed by U. S. Gov't:
Total amount outstanding.
mil. of dol..
Expenditures, total
do
War activities!
__do
Agricultural adjustment program
do
Unemploymentrelief
do
Transfers to trust accounts!
do
Interest on debt..
do
Debt retirements
.__
do
All otherj
do.._.
Receipts, total-.
:
do
do
Receipts, net
Customs
_
do
Internal revenue, total
do..
Income taxes
__do
Social security taxes
do
Security markets:
Bonds:
Prices, U. S. Treasury
dol. per $100 bond.
Yields, U. S. Treasury bonds:
Partially tax-exempt
percent.
Taxable*
do...
Stock prices:
Dow-Jones & Co. Inc. (65 stocks)
dol. per shareIndustrials (30 stocks)
do...
P u b l i c utilities (15 stocks)

Earlier data are available in monthly issues of
the Survey and the 1942 Supplement

Wood pulp:
Production, total, all grades.
short tons..
Chemical:
Sulphate, total
.do
"Unbleached
do
Sulphite, total
do
Bleached
..do
Soda
...do..-.
Groundwood
do
Stocks, end of month, total all grades
do...
Chemical:
Sulphate, total
do
Unbleached
do—
Sulphite, total
do—
Bleached
..do—
Soda
do--..
Groundwood
do—

726,772 •870,317 834,604
320,751
266,138
207,841
127,146
46,572
134,667
146,300
61,700
52,800
33,600
14,800
4,000
44,300

r

373,302
325,638
•254,819
145.123
53,612
167,578
-

600

383,037
321,417
241,687
148,231
51,025
137,761
166,400

13,900

75,900
70,000
i, 100 36,400
21,600 21,700
3,400
5,000
42,200 45,400
">,600

TEXTILE PRODUCTS
Wool:
Consumption (scoured basis)
45,100
Apparel class
thous. of l b - 45,456
Carpet class—
—v
d o — 3,208 11,708
3,240
Machinery activity (weekly average)
Looms:
Woolen and worsted:
2,703
2,706
Broad
thous. of active hours.- 2,715
'75
67
Narrow.
do—
78
Carpet and rug:
122
63
Broad
do....
42
44
105
Narrow
do—
Spinning spindles:
126,179 110,157 128,423
Woolen...
do
Worsted.
d o — 115,005 129,890 '118,676
233
204
Worsted combs
do
217
t For revisions beginning July 1941, see p. s-17 of the November 1942 SURVEY.
1 Data on wool are for 4-week periods, and for freight-car loadings, January 1942
and January 1943 are for 5 weeks; other months, 4 weeks.
U. S . GOVERNMENT PRINTING

OFFICEtl943