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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 5, 1942 SUMMARY OF BUSINESS TRENDS (CONSUMER stocking in anticipation of impending shortages produced an extraordinary retail trade volume during January. The value of department-store sales in the 4-week period ending January 24 was more than a third above the like period of the previous year; whereas year-to-year gains in the previous 2 months were approximately an eighth. Evidence indicates a similar trend in other lines of trade. Buying extended over a wide range of articles. Sales of textiles, for example, have been especially heavy. Announcement of the curtailment of wool consumption for civilian use unleashed a wave of purchasing that spread to other cloth. However, stocks were sizable, and stores for the most part have met the large demands with ample supplies. This also has been the case with many electrical appliances, the record output of last year having left a considerable inventory. But with many rubber products, consumers have found it difficult to satisfy their enlarged demands in the face of a general curtailment of supplies. Consumers' durable goods in general, as well as some nondurable lines, are to be cut in serious degree because of the shift of facilities to war production and the need to conserve supplies of certain materials. But with some other commodities now being purchased in heavy volume (sugar is an example), future shortages, if they occur, are not likely to be substantial in relation to normal demand. Current buying only serves to intensify the problem of distributing such products equitably, and it will lead to an unnecessarily complicated intervention in the markets. Moreover, though a number of shortages in consumer goods are to occur, the Nation is in a very good position to undergo such a curtailment of consumption, for the record output in most lines this past year left the country with the largest consumer stocks in its history. • Information now compiled on income payments in December reveals another sharp gain during that month. The index rose from 143 in November to 148. Though a good part of the December rise was the result of the retroactive (to September) pay increase made by the railroads to their employees, cash income from farm marketings and income originating in durable goods industries also increased. The latter of course reflected a further expansion of arms output. Employment data for December record a similar story. Total civil nonagricultural employment was at an all-time peak of 40,940,000 persons, 2.8 milHon above a year earlier, and 5.0 million more than in June 1940. The increase of 191,000 for November was largely due to the normal rise in trade lyies,^which more than offset the decline in factory employments -1 HpweVer, the latter was down much less than seasonally in: both durable and nondurable goods industries, while the number of workers in such defense lines as aircraft, shipbuilding, and machinery continued to expand. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION FREIGHT- CARLOADINGS (PERCENT OF CAPACITY) (BILLIONS OF KILOWATT HOURS) (THOUSANDS OF CARS) AUTOMOBILE PRODUCTION tTHOUSANDS OF VEHICLES) CRUDE OIL RUNS-TO-STILLS (.MILLIONS OF BARRELS-DAILY AVERAGE) 5.0 BITUMINOUS COAL PRODUCTION MISCELLANEOUS CAR LOADINGS (DAILY A V E R A G E - T H O U S A N O S OF TONS) (THOUSANDS OF CARS) COMMERCIAL (BILLIONS F.H.A. HOME MORTGAGES LOANS (NUMBER SELECTED FOR APPRAISAL ON HOMES TO BE BUMT) OF DOLLARS) IOOOO I 4.5 ,,1942 4.0 3.5 3.0 2.5 FACTORY EMPLOYMENT AND PAYROLLS (1923-25- 100) INCOME PAYMENTS (SEASONALLY ADJUSTED 1935- 3 9 • 100) 150 MONTHLY DATA s 140 130 120 110 100 " - • — " — , , i . , 1 . .i . . 90 1938 439998—42 . . 1 . . 1 . . 1 ... .1 . . 1 . , I . , , , i , , 1 . . i . . 1939 1940 1941 180 160 140 120 100 80 60 MONTHLY DATA PAYROLLS (UNAOJU$T£D) EMPLOYMENT (ADJUSTED) _ ^ V _ **> ^y _ _ ^^f^^ 1 1938 1939 1940 1941 2 WEEKLY BUSINESS INDICATORS' [Weekly average, 1935-39=100, except as indicated; d a t a beginning January 1939 for most of the series on a 1935-39 base and 1939 and 1940 data for the N e w York Times index of business activity, also data beginning September 1939 for the price index of 28 basic commodities, are shown in table 32, p p . 24-26 of t h e November 1941 SURVEY] 1943 Jan. Jan. 'an. 3 Jan. Jan. Jan. Jan. Jan. Feb. Jan, Feb. J a n . 1 25 31 24 17 10 3 27 27 Business activity;^ .39.6 137.2 32.1 .37.4 122.7 122.2 06.9 107.4 N e w York Times§ ;44.3 142.3 40.3 139.4 128.1 127.6 112.8116.0 Barton's, 1923-25=100. 168.8 166.9 163.2164.1 146.3 145.5 118.4 120.9 Business Week §, 1923-25=100« Commodity prices, wholesale: D e p t . of Labor: 80.8 78.8 79.1 95.5 95.6 95.0 94.3 Combined index, 1926=100— 100.3 100.8 98.8 96.9 71.7 72.6 69.6 69.2 F a r m products 93.6 94.1 92.5 91.9 73.7 74.1 71. 71.4 Food. .._ _ 1.6 84.0 94, 94. 94. 94.1 84.5 84. All other 28 basic commodities© 164.8 164.2 164.0 162. 5 159.3 119.8 120.8 117, 120.2 Fisher's index, 1926=* 100: 86.1 84.7 85.4 102.6 102.5 102.6 102. 101.2 85. Combined index 112.9113.9 109.1 112.9 112.9112.9112.9112.9112.9 112. Copper, electrolytic!— 112.9 96.9 Cotton, average, 10 m a r k e t s ! . . 181.2 177. 172.9 168.9 164.7 92.9 92. S 325.1 124.6 120.6 72.6 77.2 Construction contracts! Distribution: 125.4 124. 113.0 103. 109.5109.0 100.9 99.7 Carload ings 79 86 119 131 130 107 94 89 D e p a r t m e n t store sales — 1940 1941 1942 1940 1941 Jan. Feb. Jan, Feb. J a n . Employment, Detroit, factory, 1923-25=300 _ Finance: Bond yields! Stock prices! Banking: Debits, outside N . Y . C.t Federal Reserve reporting member banks; Loans, total Currency in circulation!— Failures, commercial, 1939*=100. Production: AutomobilesBituminous coal! Cotton manufacturing! Electric power. Petroleum! StlS 97.4 123.0 112.6 104.9 89.4 89.6 82.5 82.5 82.5 82.7 83.7 83.0 71.4 70.9 72.3 73.1 72.7 84.1 85.7 98.4 99.0 142.4 151.0 137.0 139.7 196.7 114.0 126.1 103.7 102.1 131. 4 130.7 132.0 132.2 132.7 108.6 108.4 >9.2 99.6 175.5 75. 174.7 174.5 175.0 176.0 135.1 134.6 116.5 116.1 87.6 85.2 91.9 71.7 48.1 106.0 108.5 100.7 106.7 95.0 103.6 98.0 78.0 24.0 141.1 145.3 141.8 150.9 155.2 153.5 164 4 161. 5 162.0 163.0 154. 4 136.2 127.8 133.6 127.5 180.1 180.8 181.0 178.4 177.9 161.2 158.0 131.2 137.9 129.6 127.0 130.9 132.9 140.8 137.9 140.6 140.7 123.6 124.9 113.4 113. 7 110.5 114.1 175.i. 6 174.5 135. 143.8 • D a t a do not cover calendar weeks in all cases. ^Seasonally adjusted. !Daily average. §For New York Times index, computed n o r m a l ^ 100; this and t h e Business Week index have been revised beginning J a n u a r y 1941 to take account of changing conditions resulting from the defense program; t h e revised series were first published, respectively, in t h e weekly for J a n . 15,1942, and N o v . 6,1941. © T h u r s d a y prices; August 1939=100. • fSeasdnally adjusted index compiled b y the N . Y. Cotton Exchange. ©Index for week ended F e b . 7 is 180.8. WEEKLY BUSINESS STATISTICS * 1941 1943 Jan. 31 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York! dol. per lb_... Cotton, middling, iM«", average, 10 markets ft. . d o . . . . Food index (Dun & BrndHreet) _ 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 guaranteed by U. S. Govt do-.., Loans, total do Commerc'l, indust'l, and agricult'l loans...do Interest rates, call loans! percent.. Interest rates, time loans! do... Currency in circulation! mil. of dol. Exchange rates: Pound sterling! dollars. Failures, commercial numberSecurity markets: Bond sales (A\ Y. S. 2?.).—--thous. of dol. par value. Bond yields (Moody's) (120 bonds) percent. Stock sales (iV. Y. S. E.) thous. of shares., Stock prices (N. Y. Times) _. dol. per share., Stock prices (Stand, and Poor's) (402) f..1935-39= 100.. Industrials (354). do... Public utilities (28). _„.do.__ Railroads (20) .do... PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Automobiles (Ward's) ...number. Bituminous coal! _thous. of short tons. Electric power A . mil. of kw.-hr. Petroleum! _ thous. of bbl. Steel® pet. of capacity. Construction contract awards! thous. 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 calvest - - -thousands. Hogsf do__. Wheat, at primary markets.. .thcus. of bu- Jan. 24 Jan. 17 Jan.10 Jan. 3 Feb. 1 1940 Jan. 25 Feb. 3 1939 Jan. 27 Feb. 4 Jan. 28 0.118 .188 3.47 38.15 1.26 0.118 .184 T3.45 38.15 1.24 0.118 .179' 3.43 38.15 1.23 0.118 .101 2.54 38.22 .81 0.119 .101 2.52 38.24 .84 0.114 .105 2.36 37.03 .95 0.118 .105 2.35 37.09 0.110 0.110 38.15 1.26 0.118 .193 3.47 38.15 1.26 2.31 36.35 .70 2.30 36.35 .72 4,135 5,964 3,914 6,325 3,626 5,735 3,515 5,847 4,537 3,259 5,282 3,187 4,343 2,942 4,280 3,362 4,074 3,064 3,872 2,339 2,243 13,075 3,479 2,383 2,249 13,145 3,584 2,390 2,254 12,992 3,561 2,386 2,254 12,717 3,385 2,361 2,254 12,450 3,085 3,211 4,778 2,228 2,184 14,347. 6,799 2,256 2,184 14,410 6,864 2,503 2,477 12,150 5,559 2,514 2,477 12,148 5,592 2,582 2,564 9,047 3,478 2,583 2,564 9,166 3,597 24,747 5,241 19,087 12,689 2,709 11,255 6,778 1.00 1.25 11,133 • 4.035 248 24,426 5,254 19, 012 12,630 2,709 11,199 6,721 1.00 1.25 11,083 •4.035 241 24,169 5,281 18,925 12, 281 2,978 11,308 6,728 1.00 1.25 11,074 • 4.035 260 23,884 5,318 18,810 12,179 2,966 11,322 6,722 1.00 1.25 11,106 •4.035 203 23,650 5,348 18,715 12,085 2,964 11,370 6,726 1.00 1.25 11,169 •4.035 136 22,932 5,425 16,368 9,950 2,744 9,308 5,076 1.00 1.25 8,572 • 4.033 300 5,427 16,397 9,977 2,743 9,287 5,055 1.00 1.25 8,543 •4.034 307 19,199 5,257 14,675 8,877 2,414 8,499 4,295 1.00 1.25 7,392 3.984 285 19,163 5,254 14,647 2,412 8,536 4,316 1.00 1.25 7,368 3.978 302 16,048 5,183 13,209 8,173 1,789 8,233 3,767 1.00 1.25 6,676 4.678 318 16,152 5,179 13,147 8,186 1,733 8,281 3,765 1.00 1.25 6,635 4.675 385 48,270 3.34 2,637 77.24 72.4 74.0 65.6 70.7 61,310 3.34 2,653 76.77 71.6 73.2 65.0 68.8 45,640 3.34 2,972 78.29 73.3 75.0 66.4 69.5 53,620 3.35 3,634 79.14 73.2 74.8 67.4 G6.9 46,890 3.39 8,336 78.64 71.1 73.0 65.2 61.3 43,160 3.36 2,975 91.05 82.9 82.3 90.0 72.4 47,520 3.36 2,573 92.78 84.4 83.8 90.9 74.3 29,040 3.62 2,914 * 106.55 95.5 95.6 102.0 75.1 34,030 3.63 3,128 107.12 96.6 97.0 102.5 76.9 32,650 3.86 4,224 100.88 94.0 95.1 95.6 73.5 38, ISO •3.86 7,657 98.29 92.3 93.5 94.5 71.6 73,305 79,930 1,833 3,440 4,311 97.7 75,625 1,888 3,450 4,046 97.8 7,259 60,110 1,842 3,473 4,229 96.4 18,535 1,960 3,289 4,038 96. T 121,948 1,655 2,996 3,599 96.5 11,339 101,240 1,701 2,633 3,499 77.3 6,825 106,400 1,727 2,661 3,612 82.2 78,410 1,370 2,327 3,442 52.8 30,571 124,400 1,683 2,994 3,590 97.1 11,719 89,200 1,453 2,340 3,248 51.2 12,241 817,804 17G, 984 47,343 47,148 12,327 149,455 14,103 370,444 811,196 189,019 43,993 49,488 13,825 146,688 12,896 355,287 737,172 180,407 35,031 35,842 15,939 139,844 11,818 318,291 676,534 152,154 32,660 32,021 11,018 123,113 13,024 312,544 714,323 165,976 39,511 30,507 10,411 151,283 12,448 304,187 710,752 168,147 39,008 30,772 10,940 149,862 12,431 299,592 657,830 171,950 31,374 32,080 10,914 146,788 10,087 254,637 650,187 185,672 27,815 573,127 137,140 25,525 29,541 11,371 146,142 9,062 214,346 £90,459 144,928 27,917 32,199 12,966 146,436 7,640 218,373 211 373 5,612 258 444 3,808 253 507 2,585 175 372 3,423 172 319 2,361 182 322 2,471 166 375 2,198 164 413 2,012 3,093 2,871 0.118 .197 97.3 5,949 11,200 143,370 8,830 242,905 tDaily average. »Data do not cover calendar weeks in all cases. • Free rate. IRevised series. See table 32, pp. 24-26 of the Nov. 1941 SUBVEY for stock prices beginning Jan. 1939 and cotton prices beginning Aug. 1939. ©Rate for week ended Feb. 7 is 97.7; data beginning with July 1941 are based on estimated capacity June 30,1941 (see note marked with " 8 " in the Nov. 20,1941 issue). TComparable data are not available prior to 1940 because of a change in the markets included in the data beginning with that year AData for 1941 revised; revisions for all weeks of 1941 and earlier revisions referred to in the WEEKLY SUPPLEMENT of Jan. 8,1942, are available on request MONTHLY BUSINESS STATISTICS Earlier data are ftrailable in monthly issues of the Survey and the 1940 Supplement BUSINESS INDEXES Income payments:f 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 Distributive industries . do..., Service industries. ___ .do— Government _•_ -do___ Work-relief wages __ .do— Direct and other relief _ do-.. Soc-sec. benefits and other lab. ine do.—. Dividends and interest do~. Entr'l inc. and net rents and royal's do— Total nonagricultural income do___ Agricultural income: 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... 1941 1940 December December 1941 Octo- November ber Earlier data are arailable in monthly issues of the Survey and the 1940 Supplement EMPLOYMENT AND WAGES—Continued Employment—Continued. Manufacturing—C ontinued. Nondurable goods—Continued. 148.3 119.0 140.9 r 143.0 Paper and printing 1923-25*=100._ P164.3 124.7 147.5 ' 148.8 Paper and pulp .do 143.8 119.7 138. 0 '139.6 7,534 •8,264 '7,848 Rubber products do 4,527 ' 5,376 Rubber tires and inner tubes do 5,538 • 5,383 1 2,451 1,805 2,451 ' 2,421 Textiles and their productst —do '1,248 1,046 ' 1,127 ' 1,133 Fabricsf — ——do 949 P952 913 947 Wearing apparel.. do '782 635 776 Tobacco manufactures do 79 128 Manufacturing, adjusted (Fed. Res.)f do 81 8 •"90 90 93 Durable goodsf -do *92 147 148 Iron and steel, etc., not incl. mchy_-_do 146 154 '530 Blast fur., steel wks., and roll, mills.do 1,508 '1,491 Hardware _.do— Struc'l and ornam'l metalwork do 1,258 1,812 ' 1,717 1,691 Tin cans and other tinware .do '8,021 6,950 7,155 ' 6,865 Lumber and allied products do. Furniture do. Lumber, sawmills do. Machinery, excl. transp. equipment—do—__ 86.0 161.0 ••137.5 P 128.0 Agric'l implements (incl. tractors).do 85.5 111.5 ' 112.5 »134.0 Electrical machinery, etc do 72.0 101.5 '101.5 »124.5 98.0 121.0 Engines, turbines, etc. —do 123.0 »142.5 104.0 124.5 Foundry and machine-shop prod __do—., 131.5 '129.5 96.0 128.0 122.5 Machine tools* do—, * 154.0 89.5 106.5 Radios and phonographs do—. 92.0 "132.0 Metals, nonferrous, and products.—.do Brass, bronze, and copper products.do CONSTRUCTION Stone, clay, and glass products do Brick, tile, and terra cotta do Construction cost indexes: Glass ...do Federal Home Loan Bank Board: Transportation equipment! do Standard 6-room frame house: Aircraft*.. _ do..,. 108.1 118.5 ' 119. 2 Combined index .1935-1939=100. 119.9 Automobiles do— 105.9 116.0 '116.9 117.7 Materials do... Shipbuilding* _ do..,. 124.2 112.5 123.3 '123.9 Labor _ _do-__ Nondurable goodsf do— Chemical, petroleum, and coal prod. . . d o — DOMESTIC TRADE Chemicals _ ...do— Paints and varnishes do— Retell trade: Petroleum refining do— All retail stores, total sales* mil. of dol.. 5,468 4,752 4,643 ' 4,517 Rayon and allied products do— Index, unadjusted _ 1935-39-100- 165.8 148.2 138.3 ' 145.2 Food and kindred products do— 155.0 137.7 ' 139.6 153.9 Durable goods —do. Baking __ ...do 169.7 146.0 138.5 ' 147.0 Nondurable goods do. Slaughtering and meat packing do—.. 138.3 124.5 131.4 ' 139.6 Index, adjusted do Leather and its manufactures do 144.2 148.5 128.4 ' 134.1 Durable goods do 132.4 '141.4 Boots and shoes.__ do.... 116.7 Nondurable goods d o — 136.4 Paper and printing ido_.., Paper and pulp... do EMPLOYMENT AND WAGES Rubber products do..,. Rubber tires and inner tubes do—.. Employment: Textiles and their productst--.. do..., Employment estimates (U. S. Dept of Labor): Civil nonsgri. empl., total* thousands.. 40,940 38,161 40,776 ' 40,749 « Fabricsf do... 34,797 32,018 34,633 ' 34,606 Wearing apparel ___ do... Employment in nonagri. estab., total-do 12,703 11,127 12,798 ' 12, 756 Tobacco manufactures do.... Manufacturingdo 911 855 907 Nonmfg., unadj. (U. S. Dept. of Labor): 915 Mining _ do Mining: 1,820 1,720 1,960 ' 1,961 Construction do Anthracite 1929=100. 3,287 3,039 3,365 '3,322 Transportation and public utilities..do Bituminous coal do—_ 7,503 7,247 7,070 11 7,146 Trade do... Metalliferous . do-_ 4,223 4,099 4,256 '4,229 Financial, service, end mise do... Crude petroleum producing do.._ Government d o . . . 4,354 3,931 4,269 ' 4,281 2,071 884 2,014 Quarrying and nonmetalh'c do.^_ Military and naval forces* do— C) Manufacturing, unadjusted (U. S. Dept. of Public utilities: Electric light and powerf ....do... Labor) t— ——1923-25=100.. 134.0 116.2 ' 135.4 M34.7 Street railways and bussesf do... Durable goodsf do.... 143.9 ' 117.7 144.0 ' 144.6 138.6 121.6 ' 139.4 ' 138.8 Telephone and telegraphf do... Iron and steel, etc., not incl. mchy__do 148.9 129.5 147.9 ' 147.8 Services: Blast fur., steel wks., and roll, mills.do 115.2 '113.4 Dyeing and cleaning _ do... Hardware d o — 115.2 112.5 90.4 ••109.3 ' 107.6 106.0 Laundries do... Struc'l and ornam'l metal work do 130.1 '135.0 131.2 98.9 Year-round hotels do... Tin cans and ot her tinware _ do 79.7 '77.8 73.7 76.8 Trade: Lumber and allied products. do 107.4 '108.4 97.4 106.6 Furniture do. Retail, totalf— do... 69.4 '66.3 64.7 65.7 Lumber, sawmills do. General merchandisingf .do... 183.3 136.1 180.1 '181.4 Wholesale .___ do... Machinery, excl. transp. equip do 167.3 143.2 169.9 ' 167.5 Labor conditions: Agric'l implements (incl. tractors) .do Labor turn-over in rufg. establishments: 125.8 * 168.8 M69.4 Electrical machinery, etc do Accession rate.mo. rate per 100 employees.-. 210.5 ••339.5 ' 352.5 Engines, turbines, etc do 147.8 Separation rate, total do148.8 114.1 Foundry and machine-shop prod. .do.._ & Discharges— do-.276.0 361.5 ••366.9 Machine tools*. do... () Lay-offs .do-._ 158.5 217.9 ' 217.8 218.7 Radios and phonographs do 145.0 Quits and miscellaneous do... 131.2 ' 147.3 ' 145.7 Metals, nonferrous, and products do 168.1 ' 193.4 '191.3 Pay rolls (U. S. Department of Labor): Brass, bronze, and copper products.do— (•) Manufacturing, unadjustedf 1923-25=10088.7 ' 102. 1 ' 101.5 Stone, clay, and glass products do 99.8 '76.2 65.2 ' 7 7 . 7 Durablo goodst .do— Brick, tile, and terra cotta. __do_— 74.0 Iron and steel and their products, not includ••132.4 ' 133.3 Glass : do 131.9 ' 116.8 ing machinery1923-25=100' 210.3 '203.2 149.8 Transportation equipmentf do 205.9 4,684.1 9,174.8 ' 9,701.5 Blast fur., steel wks., and roll, mills.do— Aircraft*. -do (•) Hardware do... ' 129.7 130.2 ' 128.9 Automobiles — do 115.9 221.0 ••494.6 '532.2 Struc'l and ornam'l metal work do— Shipbuilding* do (-) Tin cans and other tinware .do... 114.8 127.1 ' 125.3 Nondurable goodsf do 124.6 Lumber and allied products do.-. 125.7 148.1 ' 147.7 Chemical, petroleum, and coal prod..do 147.9 Furniture—. do— 149.9 '183.4 '184.9 Chemicals do Lumber, sawmills....do.-144.0 » 142.7 Paints and varnishes do—.. 186.5 126.0 142.3 Machinery, excl. transp. equip do— 119.8 129.2 '129.2 Petroleum refining do 129.4 Agric'l implements (incl. tractors)-do— Rayon and allied products .do. 315.1 325.0 ' 323.2 320.6 Electrical machinery, etc do.... 130.5 152.4 '145.7 Food and kindred products ...do, 140.8 Engines, turbines, etc do... 144.1 154.5 '153.7 , Baking do.. 151.8 125.0 '129.7 Foundry and machine-shop prods-do—.. Slaughtering and meat packing do 125.9 138.1 '96.7 90.6 ' 9 8 . 5 Leather and its manufactures. do Machine tools* do— 99.5 '92.3 Radios and phonographs -do— Boots and shoes.. _ do 94.7 88.0 95.6 *• Revised. > Preliminary. • Data for December not available. *New Series. See note on corresponding item in the January 1942 SURVEY. t Revised series. See note on corresponding item in the January 1942 SURVEY. 1941 1940 December December 128.3 129.0 110.4 85.3 112.7 106.0 122.7 67.5 134.6 144.0 139.5 150 115 107 137 78.3 105 68 183.3 167 125.7 147.5 187 144 129 319 147.2 152 133 103.5 101 126.0 129 109.7 85 112.9 104.2 127.7 66.5 119.5 115.9 97.5 76.9 107.0 100.4 117.2 65.6 116.6 117.5 122.4 130 113 91 104 75.2 96 67 136.0 143 126 218 114 275 150 129.4 168 90:4 68 117 145.6 4,731 124 220 115.7 125.3 151 128 120 314 135.6 144 121 94.3 93 117.3 116 96.8 77 107.2 98.7 121.9 64.7 49.1 95.4 79.5 61.0 50.8 50.8 90.1 72.2 60.7 45.4 8 150 <•) 206 143.2 (•) 101.7 77 132 202.4 % () 1941 October November 126.5 ' 126.6 128.2 '128.6 • 111.8 '111.5 '86.5 86.2 114.7 '113.2 106.2 '105.9 129.0 '124.8 '68.4 67.3 132.7 ' 134.3 142.3 '143.7 138.2 '138.3 148 148 113 115 107 107 '138 127 '76.9 76.3 '104 101 67 67 179.3 ' 181.2 r 172 180 '169 168 '371 347 149 148 365 360 '194 179 143.1 ' 141.8 '191 191 98.8 '100.9 76 73 '133 131 204.2 '208.8 9,459 ' 9.799 ' '127 129 '532 487 125.4 123.6 145.4 r 146.3 rl84 180 144 144 rl29 129 r320 323 140.7 r 146.8 rl52 152 127 126 99.6 r 104.2 r 101 96 124.9 r 124.7 129 128 110.2 r 110.3 87 86 112.7 r 113.1 104.9 105.2 124.7 r 126.7 64.1 F65.0 50.3 T95.3 T79.7 T61.6 154.1 50.2 95.6 79.3 61.0 52.8 91.3 r94.1 68.4 r70.3 90.6 79.7 103.3 r 121.2 100.3 r 111. 2 92.6 T96.2 108.1 r 101.0 152.2 M16.4 92.5 r96.3 93.5 70.4 90.0 117.2 109.0 96.3 4.87 4.13 .28 1.41 2.44 3.91 3.56 .24 1.47 1.85 122.4 '166.8 195.9 ' 131.7 '191.3 ' 165.2 '190.3 175.7 '133.0 ' 173.1 186.3 142.1 ' 181.1 152.8 128.4 151.5 121.7 86.0 '127.2 171.7 113.1 156.6 71.5 ' 9 2 . 4 87.7 92.6 '120.6 120.0 60.4 71. 78.3 270.3 163.0 '255.7 218.0 171.3 231.6 157.9 '244.7 '303.3 '615.5 126.6 194.7 201.1 394. '596.3 (•) 163.6 '261. 286. ' 172.0 ' 183.2 ' 148.2 ' 116.3 '165.9 '86.5 ' 118. S '70.3 ' 255.3 '223.9 '242.1 ' 676.3 '191.4 '599.1 ' 267.2 93.3 70.4 89.6 113.1 108.4 95.6 112.8 161.0 96.5 4.76 4.71 .29 2.15 2.27 4.11 3.16 .16 1.86 1.14 102.9 124.5 96.6 MONTHLY BUSINESS STATISTICS—Continued 1941 1940 Earlier data are available in monthly issues of the Survey and the 1940 Supplement Decem- December ber 1941 October November 1941 Octo- November ber LEATHEB AND PBODUCTS—Con. EMPLOYMENT AND WAGES—Con. Pay rolls (U. S. Dept. of Labor)—Continued. Manufacturing, unadjustedf—Continued. Durable goodsf—Continued. Metals, nonferrous, and products __ 1923-25=100.. 191.7 Brass, bronze, and copper prod.. _do— (•) Stone, clay, and glass products do— 107.1 Brick, tile, and terra cotta dol... 72.1 Glass do.... 172.8 Transportation equipment! do—_. 288.4 Aircraft* I do~.. (•) Automobiles.. do..., 150.9 Shipbuilding* .do.... (•) Nondurable goodsf do 140.6 Chemicals, petroleum, and coal products _-1923~25~100., 198.7 Chemicals do..., 271.0 Paints and varnishes do.__. 174.1 Petroleum refining do.... 174.6 Eayon and allied products do 391.2 156.5 Food and kindred products do.... 156.8 Baking do.... 168.1 Slaughteringandmeatpacking...do 106.8 Leather and its manufactures do.-,. Boots and shoes do.-.. 99.7 Paper and printing do— 143.7 Paper and pulp do 168.5 Rubber products do 136.6 Kubber tires and inner tubes do 108.0 121.5 Textiles and their products t do 123.1 Fabricsf do 110.9 Wearing apparel _ do— 76.4 Tobacco manufactures do— Nonmanufacturing, unadjusted: Mining: Anthracite .1929=100.. 35.9 Bituminous coal do 119.6 Metalliferous ...do 90.9 Crude petroleum producing do 64.9 Quarrying and nonmetallic do 56.0 Public utilities: Electric light and powerf do 116.3 Street railways and bussesf do 80.1 Telephone and telegraphf do 124.1 Services: Dyeing and cleaning * do 88.5 Laundries ...do 102.7 Year-round hotels do 93.5 Trade: 107.9 Retail, totalf do General merchandisingf do 150.6 Wholesale do. 92.7 FINANCE Life insurance written (Ass'n of Life Ins. Pr.): Policies and certifs., total number thousands.. 1,193 Group do—. 246 Industrial..-.—. do 598 Ordinary. do 349 Value, total.. _.thous. of dol 1,141,316 Group. do 298,817 Industrial do 186,190 Ordinary do 656,309 CHEMICALS AND ALLIED PBODUCTS Cellulose plastic products: Nitro-cellulose, sheets, rods, and tubes: Consumption __ thous. oflb.. 269 Production do 1,485 Shipments do-... 1,658 Cellulose-acetate, sheets, rods, and tubes: Consumption thous. oflb.. 23 Production do 501 Shipments ...do 534 Moulding composition: Production do 3,397 Shipments _ do. 3,165 Meats: FOODSTUFFS Total meats: Consumption, apparent mil. of lb__ () Production (inspected slaughter) do 1,684 Beef and veal: Consumption, apparent thous. of lb_. Production (inspected slaughter) do 575,794 Lamb and mutton: Consumption, apparent do Production (inspected slaughter) do 65,816 Pork (including lard): Consumption, apparent do..— (•) Production (inspected slaughter), total thous. of lb_. 1,042,675 Lard _ do 190,337 LEATIIEB AND PBODUCTS Production, boots, shoes, and slippers: Total.thous. of pairs. _ 38,151 Athletic _ _ _.__do.... 439 All fabric (satin, canvas, etc.) do 338 Part fabric and part leather _do 1,041 High and low cut, leather, total do 32,460 Boys' and youths' do 1,616 Infants' do 2,275 1941 1940 Earlier data are available in monthly issues of the Survey and the 1940 Supplement Decem- Decem, ber ber Production, boots, shoes, and slippers—Con. High and low cut leather—Continued. • Misses' and children's.-thous. of pairs.. Men's$ do Women's do Slippers and moccasins for house wear thous. of pairs, _ All other footwear do 3,287 3,912 4,378 8,788 13,396 11,993 '185.7 '181.5 10,151 14,615 12,664 '267.6 '260.6 106.1 ' 109.4 3,416 4,120 6,511 72.9 '75.8 243 457 452 173.7 ' 169.3 ' 282.0 ' 287.8 METALS AND MANUFACTUBES 12,301.6 13,204.6 ore, Lake Superior district: 145.0 r 176.6 ' 175.8 Iron Consumption by furnaces 287.7 ' 803.4 ' 827.1 7,062 thous. of long tons.. 6,173 6,612 112.1 139.2 ' 137.2 Shipments from upper lake ports do 823 9 '9,564 Stocks, end of month, total .do 36,073 40,457 43,946 143.9 '100.8 '194.2 At furnaces _ do 31,792 38,852 35,563 187.9 '261.0 '264.6 Lake Erie docks do 4,894 4,281 5,094 138.7 173.7 ' 171.7 Pig On iron'and iron manufactures: 139.0 168.0 ' 167.8 Boilers, range, galvanized: '385.8 334.4 386.4 Orders, new, net.......number of boilers.. 41,343 70,989 74,581 ' 132.5 162.9 ' 157.6 Orders, unfilled, end of month do 80,844 38,795 101,609 137.7 157.6 '159.7 Production ___ do 55,856 72,245 69,972 137.3 151.0 '153.5 Shipments. .do 54,465 67,414 73,988 78.5 '96.9 100.5 Stocks, end of month do 17,785 41,447 17,599 73.2 '88.3 93.3 120.8 135.9 '137.4 Steel, manufactured products: Boilers, steel, new orders: 128.5 166.7 165.2 Area thous. of sq. ft.. 1,563 1,929 1,341 111.1 ' 138.1 '141.0 Quantity number.. 835 997 96.4 ••111.8 117.6 957 Steel products, production for sale:f 97.6 122.3 ' 118.1 Total thous. of short tons.. 5,144 4,619 5,471 95.6 120.1 ' 118.7 Merchant bars do 437 490 503 95.6 ' 119.1 ' 109.5 Pipe and tube do 531 384 484 67.4 75.6 77.1 Plates do 587 443 629 Percent of capacity* 86.8 132.6 124.1 Rails thous. of short tons.. 131 144 161 49.2 41.8 42.7 Sheets, total do._. 889 1,050 1,053 122.6 116.5 91.4 Percent of capacity 95.1 80.1 94.1 '88.3 90.3 72.8 Strip: 62.5 '64.4 65.9 Cold rolled. -thous. of short tons.. 110 106 57.5 42.4 '61.5 Hot rolled do._ 135 136 139 Structural shapes, heavy .do 369 407 331 114.5 106.0 ' 115.7 Tin plate do 367 203 342 '78.4 78.6 73.1 374 Wire and wire products do 103.5 '117.0 116.0 Nonferrous metals: metal (white-base antifriction), con'98.5 92.8 , Bearing 75.8 sumption and shipments, total (60 mfrs.)t 101.9 89.2 '103.4 thous. of lb_. 3,921 4,753 5,621 '91.9 93.8 84.1 Consumed in own plants (38 mfrs.).do 614 813 757 Shipments (38 manufacturers) do 1,682 2,399 2,931 '97.3 97.3 98.1 Lead: 116.8 132.9 '110.9 Ore: 92.2 83.4 92.0 Receipts, lead content of domestic ore short tons.. 40,901 38,847 4,977 '5,641 Shipments, Joplin districtf do.__. 3,883 Refined r Production from domestic ore do 37,221 48,829 47,208 759 820 800 Shipments (reported). do 50,680 56,755 43,537 38 42 67 Stocks, end of month do 20,185 40,926 10,735 499 470 Electrical 494 domestic appliances, sales billed: 279 251 . 238 Ranges*. units.. 48,705 24,626 51,730 694,740 730,327 681,479 Refrigerators... do 9S,671 115,236 132,972 108,003 74,794 89,360 142,371 148,388 141,349 BUBBEB AND PBODUCTS 507,145 450,770 444,366 Pneumatic casings: Production _ thousands.. 2,967 4,968 4,834 Shipments, total do...} 2,604 4,991 5,867 Original equipment do 2,624 1,994 1,289 252 Stocks, end of month do 268 183 4,123 9,127 4,417 1,483 Inner tubes: 1,109 "1,521 Production do 1,630 1,569 2,729 1,068 4,137 4,656 Shipments, total do 5,143 4,644 2,390 22 21 8 Stocks, end of month do 7,017 4,678 4,448 558 630 867 712 609 STONE, CLAY, AND GLASS PBODUCTS 733 149.6 218.9 85.7 56.8 137.6 ' 169.4 1,*435 1,317 3,439 3,453 2,979 2,777 1,245 1,394 439,048 635,550 524,974 469,265 642,731 535,884 1,200 1,550 1,418 1,435 58,314 59,026 66,453 67,206 55,572 57,244 702,972 716,262 664,354 1,021,219 725,158 800,819 181,917 127,469 141,579 31,624 469 349 1,013 25,430 1,312 1,891 45,655 '34,768 478 555 '231 271 '845 1,004 36,862 ' 27,627 1,915 ' 1 , 3 9 9 2,557 ' 2,153 Glass containers: Production Shipments, total Stocks, end of month thous. of gross.. do,... ...do 6,050 4,903 9,683 4,198 3,526 7,094 6,315 7,948 '3,505 '10,769 '9,801 ' 5,136 452 6,501 7,607 45,535 40,245 5,290 52,605 93,966 58,810 60,248 16,411 3,755 1,310 4,909 456 415 564 122.8 135 945 87.5 101 140 381 323 396 4,754 723 2,548 40,930 M,291 41,566 45,980 13,671 38,350 92,034 3,964 4,048 1,804 4,043 3,725 3,825 4,377 6,179 5,281 8,711 TEXTILE PBODUCTS Hosiery: Production thous. of dozen pairs-. 12,555 11,279 14,101 12,494 Stocks, end of month... do 21,773 23,511 21,238 21,156 Wool: Consumption (scoured basis) :f Apparel class thous. of lb.. 45,008 34,012 53,720 '41,876 9,352 12,255 9,484 10,396 Carpet class do Machinery activity (weekly average) :J Looms: Woolen and worsted: 2,522 2,245 2,703 Broad thous. of active hours.. 2,524 94 72 Narrow do.._. 67 90 246 227 Carpet and rug do.... 200 230 Spinning spindles: Woolen do.... 110,225 92,553 112,470 108,439 Worsted do.... 130,267 105,826 127,204 122,786 Miscellaneous products: Pyroxylin-coated textiles (cotton fabrics): Orders, unfilled, end of mo. 7,825 3,694 thous. linear yd.. 9,009 '8,206 Pyroxylin spread thous. oflb,. 7,488 '6,698 6,637 5,463 7,819 '7,097 Shipments, billed thous. linear yd.. 7,398 5,718 'Revised. » Preliminary. • Data for December not available. •New series. See note on corresponding item in the January 1942 SURVEY. f Revised series. See note on corresponding item in the January 1942 SUBVEY. §Beginning 1941, data include a small number of pairs of shoes other than men's leather (nurses, athletic, etc.) made for Government contract. JData for October are for 5 weeks; other months, 4 weeks. U. 5. GOVERNMENT MINTING OFflCEi t»4Z
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