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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