Full text of Survey of Current Business. Business Statistics (Weekly Supplement) : February 4, 1943

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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT

UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
W A S H I N G T O N , D . C., F E B R U A R Y 4, 1943
SELECTED BUSINESS INDICATORS
S T E E L INGOT PRODUCTION

E L E C T R I C POWER

(1935- 39 • 100)

240

PRODUCTION

CRUDE OIL

(BILLIONS OF KILOWATT HOURS)

RUNS-TO-STILLS

(MILLIONS OF BARRELS-DAILY AVERAGE)

220
£00
IQO

160

toofi i n 111111 n 1111 i 11111 n . 111., I. r . I n 11.. 1111., 11
C O S T OF

F A C T O R Y WAGE EARNERS AND WEEKLY WAGES
350

(UNADJUSTED, 1939 -

100)

150

MONTHLY DATA

LIVING

11935-39 • 100)

MONTHLY DATA

140

300

130

250

Weekly Wages

200

120

Food-^
150

Wage Earners

100
50

r

MO
100

i i 1 i t 1 . t T i i II 1 t 1 1 M If 1 M 1 1 1 1 t 1 1 M
t i 1 i t 1 i i 1 t i
1940
1941
1942
1943

90

Total

^

.rl 1 t l 1 t t 1 . 1
1940

1 1 1 1 1 1 r M _L_i.l r J _ L . 1 i i_ -I. 1,1 X 1 1 1 1 1 1 J—
1943
1941
1942.

WEEKLY BUSINESS STATISTICS
1943

1943

1942

1943

Jan. 30 Jan. 23 Jan. 16 Jan. 31 Jan. 24

Jan. 30 Jan. 23 Jan. 16 Jan. 31 Jan. 24

Commodity prices, wholesale:
Finance—Continued.
v 101.7 J»~101.6
95.9
95.5
All commodities
1926=100.
Federal Reserve reporting member banks:
117.2 116.6 101.3 100.3
Farm products
.
do...
Deposits, demand, adjusted..mil. of dol— 30,052 29,472 28,964 24,747 24,426
93.9
41,591 41,361 41,239 30,342 30,211
104.7 104.8
93.6
Food
do
Loans and investments, total
do
94.7
28,567 28,347 28,142 15,398 15,339
94.5
J-96.3 » 96.3
All other
do...
U. S. Govt, obligationscf1
do
174.3 173.8 173.5 164.8 164.2
28 hasic commodities O—August 1939=100.
Commercial, industrial, and agricul.197
.193
.205
.205
.204
Cotton, mid,
10 mkts.J..dol. per lb._
tural loans
mil. of dol— 5,940 5,956 5,975 6,778 6,721
1.26
248
241
1.26
96
138
114
1.37
1.37
1.36
Wheat, No. 2, hd. win. (K.C.)„dol. per bu._
Failures, commercial
number..
121
3.34
3.34
119
3.28
3.25
3.27
120
132
Department store sales
.1935-39-* 100..
Bond yields (Moody*s)t
percent..
72.4
71.6
79.0
81.8
79.6
Finance:
Stock prices (Stan. <6 Poor) A-1935-39~ 100..
Bank debits, member banks in 101 cities: 1
Production:
1,867 1,929 1,862 1,877
Total.
mil. of dol.. 10,324 10,778 10,158 9,421 9,572
Bituminous coalt
thous. of short tons..
3,974 3,952 3,468 3,440
4,080 4,364 4,150 4,007 3,816
N e w York City
do
Electric power
mil. of kw-hr._
3,849 3,850 3,871 4,311
15,499 15,370 15,332 11,133 11,083
Currency in circulation!
do
Petroleum^...
thous. of bbl_.
5,992 6,195 6,274 2,339 2,383
Federal Reserve bank credit, t o t a l . d o
Steel®
1935-39^100.. 188.9 191.2 190.3 180.0 180.8
755
704
816
818
13,278 13,156 13,279 13,075 13,145
Member bank reserve balances
do
Freight carloadings, total
thous. of cars..
363
336
372
371
2,094 1 ,r~ 2,149 3,479
Excess reserves, estimated
do
Miscellaneous
do
• Data do not cover calendar weeks in all cases.
r Preliminary;
©Thursday prices.
JDaily average.
©Index for week ended February 6,190.7.
^Debits to demand deposit accounts, except interbank and U. S. Government accounts, in 101 cities.
cP Direct and guaranteed.
A402 stocks.

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

1942

1941

December

December

BUSINESS INDEXES
Cash income from farm marketings: t
Crops and livestock, combined index:
Unadjusted
1935-39=100.. * 228.0
170.0
Adjusted
d o . . . . r 229.0
167.5 .
Crops
d o . . . . » 237.5
163.0
Livestock and products
do
*223.5
170.5
Dairy products
____do____ P 172.0
141.5
Meat animals...
___do
P 257.0
190-0
Poultry and eggs
d o . . . . » 233.5
174.5
COMMODITY PRICES
Cost of living (U. S. Dept. of Labor):
Combined index
....1935-39=100..
120.4
110.5
Clothing
do
125.9
114.8
Food
do....
132.7
113.1
Fuel, electricity, and ice
_.do_.__
106.3
104.1
Housefurnishings
do....
124.1
116.8
Rent...,
do....
108.0
108.2
Miscellaneous
__.do.__..
112.8
107.7
Purchasing power of the dollar:
Wholesale prices
___do.__.
79.6
85.9
Cost of living.
do
83.1
90.5
Retail food prices..
do....
75.3
88.3
Prices received by farmers
do
59.1
73.5
' Revised. * Preliminary.
t Revised series. See note on corresponding item in the January
FRASER
508257—43

Digitized for


1942
October

November

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

1942

1941

December

December

1942
Octo- November
ber

CONSTRUCTION AND REAL ESTATE
295.5
211.0
225.0
201.5
167.5
230.0
194.0

'265.5
' 224.0
248.5
r
208.0
'168.0
' 239.0
' 204.0

119.0
125.9
129.6
106.2
'123.7
108.0
'111.8

119.
'125.9
131.1
106.2
'127.9
'103.0
'112.7

80.4
84.0
77.1
62.2

80.2
83.5
76.2
62.2

1943 SURVEY.

Value of contracts awarded (K. R. indexes):
156
Total, unadjusted
..1923-25=100..
86
Residential, unadjusted
do
196
Total, adjusted
do
101
Residential, adjusted.
.-..do
Contract awards, 37 States (F. W. Dodge):
Total projects..
number.. 38,797
Total'valuation
thous. of dol.. 708,716
437,743
Building, total.
—do
Engineering construction:
Contract awards (E. N . R.)§
d o . . . . 373,622
DOMESTIC TRADE
Chain-store sales, indexes:
Chain-store Age, combined index (20 chains)
175.0
average same month 1929-31 100216.0
Apparel chains
do
Grocery chain-store sales:
Unadjusted.
1935-39 ~100- - p 166.7
> 161.9
Adjusted
do
Variety-store sales, combined sales, 7 chains:
Unadjusted.
1935-39=. 100., * 263.0
* 220.1
Adjusted
__do..
§ Data for October and Decamber 1942 are for 5 weeks;

175
80
185
83

'174
'86
'198
'90

22,941 35,934
431,626 780,396
275,292 534,197

35,872
654,184
413,167

269,639 691,979

607,622

98
59
123
69

157.0
178.0

181.0
218.0

187.0
228.0

164.7
159.9

170.9
170.0

170.0
170.0

249.6
161.6
140.9
113.9
143.2
157.0
othar months, 4 waeks.

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

1943

1941

December

December

EMPLOYMENT AND WAGES
Employment:
Estimated civilian labor force, employment,
and unemployment:
53.4
Labor force (Bu. of the C e n . ) * — m i l l i o n s 51.9
Employment*
_ do——
8.9
Agricultural*
do
43.0
Nonagricultural*
do—
1.5
Unemployment*
do
Employees in nonagricultural estab.: t
Unadjusted, total (U. S. Dept. of Labor)
thousands- 38,956
Manufacturing.
d o — 15,669
887
Mining.
do
Construction
do
1,726
Transportation and pub. util
do—
3,497
Trade
do—
7,112
4,281
Financial, service, and misc
do—
5,784
Government
do
Adjusted (Federal Reserve)
do
38,745
15,665
Manufacturing
.....do—
884
Mining
do
1,955
C onst ruction
do
3,531
Transportation and pub. util
do
6,641
Trade
do. . .
Wage earners, all manufacturing industries,
159.0
unadj. (U. S. Dept. of Labor) f_1939=100. _
206.5
Durable goods
— --do
Iron and steel
- do
169.4
Blast fur., steel wks., and roll, mills
1939=100133.9
Electrical machinery
do
243.6
Machinery, except electrical
do
219.3
Machinery and machine shop prod.
230.6
1939=100127.1
Automobiles
do
Transportation equip., esc. autos.-do
1,211.4
Nonferrous metals and products. _ -do
165.8
Lumber and timber basic prod
do
111.1
Sawmills. do _
98.5
Furniture and finished lumber prod.
1939=100..
107.0
106.1
Furniture
do
Stone, clay, and glass products
do
120.4
Nondurable goods
do
121.5
Textiles-mill products and other fiber
manufactures
...1939=100—
110.8
Cotton mfrs., exc- sm. wares
do
128.9
Silk and rayon goods
do
82.6
Woolen and worsted manufactures
118.7
1939=100..
Apparel and other fin. tex. prod
do
104.7
Men's clothing.
do
108.4
Women's clothing
-.do
91.1
Leather and leather products
do
102.7
Boots and shoes
do
93.0
Food and kindred products
—do
121.6
Baking
_
do
114.4
Canning and preserving
do
85.6
Slaughtering and meat packing. _do__„
151.9
Tobacco manufactures
do
106.1
Paper and allied products—
—do
114.4
Paper and pulp
do
110.0
Printing and publishing
do
101.3
243.5
Chemicals and allied products
...do
Chemicals
do
162.6
Products of petroleum and coal
do
116.4
107.1
Petroleum refining
—do
Rubber products
do
143.4
Rubber tires and tubes—
do
147.0
Nontnfg., unadj. (U. S. Dept. of Labor):
Mining:
Anthracite. _. 1929=10045.7
Bituminous coal
do
88.6
Metalliferous. —
do
79,6
Crude petroleum producing
do
54.7
Quarrying and nonmetallic
do
46.4
Public utilities:
Electric light and power
do
80.3
Street railways and busses,
do
77.6
Telephone and telegraph
...do
92.6
Services:
Dyeing and cleaning
do
115.5
Laundries.....
do
113.3
95.1
Year-round hotels
do
Trade:
Retail,
total
—.do
106.2
1
Wholosale
-do89.1
'Payrolls:
Weekly wages, all manufacturing Industries,
unadj. (U. S. Dept. of Labor) t-1939=l00278.9
Durable goods
do
377.6
Iron and steel
do.
279.1
Blast fur., steel wks., and roll.
mills
1939=100202.9
Electrical machinery
do
408.7
Machinery, except electrical
do
384.3
Machinery and machine shop products..
1939=100..
397.4
Automob iles
do
219.8
Transportation equips, exc. autos.-do.._. 2,273.3
Nonferrous metals and products—-do
285.2
Lumber and timber basic prod
do
165.5
Sawmills..
do
145.5
Furniture and finished lumber prod163.9
ucts
1939=100Furniture
do
163.0
Stone, clay, and glass products
do
174.2
Revised.
Digitized for*°FRASER
Data for November are the latest


available.

54.0
50.2
8.3
41.9
3.8
36,088
13,566
976
1,880
3,344
7,511
4,227
4,584
35,86S
13,621
973
2,067
3,377
7,017

1942
October

54.0
52.4
10.5
41.9
1.6

November

54.5
52.8
9.8
43.0
1.7

38,478 '38,533
15,313 '15,434
902
'894
' 1,896
2,028
3,539
'3,520
'6,771
6,697
4,327
4,295
5,672 '5,723
37,964 ' 38,325
15,164 '15,349
'883
888
1,902 '1,889
'3,508
3,466
6,619
' 6,673

138.3
164.5
151.9

' 155.5
' 198.2
' 165.1

156.6
' 201.6
' 165.8

139.9
187.3
177.3

135.2
••229.0
' 211.6

' 133.0
'236.4
' 215.1

'226.0
222.0
181.3
' 122.2
118.8
128.5
532.6 '1,113.7 '1,158.3
' 163.8
162.0
155.6
115.1
' 113.2
121.0
102.5
108.1
' 100.6
122.4
123.6
130.2
117.6

' 108.3
' 108.3
120.7
' 121.8

' 106.6
' 105.8
120.7
' 121.1

113.6
125.6
84.5

109.7
127.7
83.2

'109.9
' 127.7
82.7

128.6
118.7
111.1 ' 106.7
115.8 '111.0
98,1
'92.5
109.0 ' 101.2
99.4
91.3
113.0 ' 131.7
104.2
114.7
146.4
82.3
136.7 ' 144.6
104.4 ' 106.4
111.1
124.3
119.5
109.5
108.0
98.9
165.2 ' 230.5
151.6
158.9
116.3
117.9
106.5
108.4
133.1 ••135.2
123.5 ' 136. 7

r 118.1
104.6
107.6
'91.4
'103.0
'93.4
'124.4
' 114.1
'103.9
'145.8
'106.7
'112.6
'109.3
100.8
'237.4
' 159.5
'116.4
'107.0
' 138.9
'141.5

49.1
95.5
80.2
61.1
50.9

46.2
90.6
77.7
55. <*
50.0

'46.2
'89.3
' 79.1
55.0
48.5

93.1
70.6
90.0

82.6
75.9
93.3

'81.2
'75.9
'93.1

113.3
108.4
95.3

124.8
115.9
95.6

' 119.7
'114.2
95.3

113.0
96.3

94.6
90.0

'96.8
'89.3

191.0
236.0
206.1

'261.3
'350.6
'264.5

* 270.6
'366.6
.'270.2

183.4
264.1
259.3

200.7
372.4
' 361.7

'203.7
' 392.5
' 371.5

263.1 ' 371.5 '381.9
164.3
' 212.2
192.4
846.9 '2,037.5 '2,207.9
213.9 ' 267.4 '275.8
145.1 ' 179.4 ' 170.6
r
128.0
163.0
152.8
160.4
164.3
161.5

' 162.1
'164.5
'172.3

' 159.1
'158.2
172.7

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

1942

1941

December

December

1943
October

November

EMPLOYMENT AND WAGES-Con.
Pay rolls—Continued.
Weekly wages, etc.—Continued.
147.1 ' 174.0
182.4
Nondurable goods
1939=100..
Textile-mill products and other fiber
152.0 ' 170.3
178.0
manufactures
1939=100..
178.8 '210.6
217.9
Cotton mfrs., exc. sm. wares
do
112.3
133.6
130.8
Silk and rayon goods
do
185.9
208. 7
198.2
Woolen and worsted mfrs.do—
132.4 ' 146.1
143.5
Apparel and other fin. tex. prod
do—
143.1 ' 148.4
146.9
Men's clothing...
do—.,
112.2 ' 127.1
123.8
Women's clothing
do....
141.6 ' 146.7
157.3
Leather and leather products
do....
134.5
131.7
144.7
Boots and shoes—
do....
168.4
132.1
Food and kindred products
do—
168.8
117.0
143.5
149.2
Baking
do
102.0
228.7
137.9
Canning and preserving
do
157.6 ' 176.8
210.8
Slaughtering and meat p a c k i n g . . d o —
130.0 ' 153. 7
159.4
Tobacco manufactures
do
165.8
156.0
155.1
Paper and allied products..
.do
154.0
Paper and pulp
.do....
158.9
165.0
123.5
123.4
Printing and publishing...
_.do.—.
114.0
128.9 ' 347.1
379.1
Chemicals and allied products
do...,
194.8
230.6
245.3
Chemicals
do
411.1
158.9
165.3
Products of petroleum and coal
do
128.7
Petroleum refining
do
145.7
154.5
159.0
195.1
220.3
Rubber products
do
138.2 ' 190.0
218.5
Rubber tires and t u b e s . . . . d o
Nonmfg., unadj. (U. S. Dept. of Labor):
Mining:
35.9
' 48.3
50.1
Anthracite.
1929=100..
119.9
124.8
129.5
Bituminous coal
...do
93.7
104.5
Metalliferous
...do....
104.8
64.6
••64.1
Crude petroleum producing......do
63.8
68.9
55.8
. Quarrying and nonmetallic
do
60.4
Public utilities:
115.2
111.1
105.6
Electric light and power
.do
80.0
95.3
102.2
Street railways and busses
do...
122.9
128.4
128.0
Telephone and telegraph..
__.do
Services:
112.5
88.6
104.2
Dyeing and cleaning
do...
102.6
118.9
120.2
Laundries
do....
93.3
103.2
105.9
Year-round hotels
do
Trade:
107.8
107.5
Retail, total
.do
94. e
92.8
95.8
Wholesaledo
FINANCE
Industrial and commercial failures:
673
506
Grand total
number..
62
40
22
Commercial service, total
..do
63
61
47
Construction, total-do
146
102
86
Manufacturing and mining, total
do
540
405
307
Retail trade, total
do....
87
65
44
Wholesale trade, total.—
.do....
13,469
7,181
6,950
Liabilities, grand total..
thous. of dol..
863
525
526
Commercial service, total.
.do
1,161
756
1,189
Construction, total.
.do....
5,651
2,374
1,997
Manufacturing and mining, total
do....
4,323
2,660
2,392
Retail trade, total.
do
1,471
866
846
Wholesale trade, total
.-...do....
ELECTRIC POWER
Electric power, production, total
15,651 16,753
17,672
mil. of kw. hr..
11,156 11,244
11,564
Fuel
.do...
5,509
4,495
6,109
Water power
.do.. _
FOODSTUFFS
Diary products, production:
116,659 126,265
Butter, creamery (factory)
thous. of lb.. 116,735
74,422 75,300
56,650
Cheese, total (factory)
do...
Condensed and evaporated milk, case goods:
6,922
7,364
7,703
Condensed (sweetened)
thous. of lb.. 178,024 286,684
208,445
Evaporated (unsweetened)
_do....
1,684
1,532
1,887
Meats, production, total
mil. of lb.
Beef and veal
thous. of lb., 547,100 575,794 6S6,028
65,816 90,733
87,881
Lamb and mutton..
__.do...
Pork, including lard
. . . d o . . . . 1,251,573 1,042,675 755,565
Lard
. . . . . — — d o . . . 218,107 190,337 119,978
METALS AND MANUFACTURES
Foundry equipment;
481.2
540.6
382.5
New orders, net, total
1937—39-100505.3
552.2
319.8
New equipment.—
do...
408.7
505.5
571.3
Repairs
.
do—
S T O N E , CLAY, A N D G L A S S
Portland cement:13,810 18,258
14,090
Production
thous. of bbl.
11,511 20,345
8,923
Shlpments.—
do. —
19,925 10,617
17,401
Stocks, finished, end of month
do...
2,723
4,575
3,450
Stocks, clinker, end of month
do...
Glass containers:
6,837
6,043
6,268
Production
thous. of gross.
6,975
4,965
6,528
Shipments, total.—
.do...
8,299
9,610
7,774
Stocks, end of month
.—don a t e glass, polished, produc4,924
10,311
5,001
tion—
thous. of s q . f t .
TEXTILE PRODUCTS
Rayon:
Yarn
—
mil. of lb.
Staple
fiber.
do—
Stocks, producers', end of month:
Yarn
...do...
Staple
fiber
- —
do.—

41.0
13.2

39.3
12.4

41.1
12.6

8.7
3.3

3.8

7.7
4.1

1.8

•New series. See note on corresponding item in the January 1943 SURVEY.
fHevised series. See note on corresponding item in the January 1943 SUBVEY.
il. S. GOVERNMENT PfllNTIHG OFFICE: t9<3