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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 6, 1941
BUSINESS CONDITIONS IN JANUARY
"OUSINESS continued to advance in January in response to a no appreciable slackening in this rate of output during February.
larger volume of defense expenditures, the increased flow of Both the possibility of defense interruptions later in the year and
private capital investment, and the steadily increasing consumer the strength of consumer purchases have been factors operating
demand with the rise in employment and income payments. toward the [upward revision of production schedules by the
Contracts awarded under the National Defense program ex- industry, and the same factors have moderated any concern
ceeded 11 billion dollars by the end of the year, while Army and regarding the growing size of field stocks which were estimated
Navy expenditures are currently in excess of $21 million per day at approximately 600,000 units on the first of February.
While operations in automobiles and steel set the pace, conand will total more than $550 million for the month of January.
From the beginning of the fiscal year through January 1941, tinued strength was generally apparent in most of the lines for
these outlays totaled slightly more than $2.2 billion. Huge which data are available. Lumber production, reflecting demands
order backlogs for industrialj^rqclucts genera)ly,.,aiid_the requirer. from_the -constantly, increasing volume of construction activity,
merits for defense outlined by the Budget message, indicate that registered a sharp contraseasonal advance o v e r December.
pressure for output will continue, irrespective of any irregularity January output was close to that of the peak seasonal
months of last fall and, on a seasonally-adjusted basis, was
in the flow of new orders.
Data from the Department of Commerce monthly industry higher than at any time since 1929. Other durable goods
survey show that, new business placed with manufacturers was industries closely connected with the defense program such as
well maintained in December equalling the very high October and machinery, shipbuilding, and aircraft, continued to expand.
November totals. Increased shipments were still unable to keep Among nondurable goods industries, activity in textiles remained
pace with them and unfilled order backlogs for industrial com- high, while the production of bituminous and anthracite coal
modities continued to expand. A decline in new orders occur- both advanced over December. Crude petroleum output
red in nondurable goods lines with the major decreases seasonal declined slightly, but refining operations moved to the highest
in character. Another increase in durable goods was recorded in point reached since last September.
The December gains in employment, together with generally
December a drop in the volume of new business for semifinished
materials being offset by a rise in machinery orders. The de- expanded income payments, are fully reflected in the strong
clines which did take place, however, indicate some slackening showing made in the distributive field during January. The
in the rate of forward buying which has resulted in heavy inven- record volume of department store sales in December represented
a 10 percent increase over December 1939, and this rate of gain
tory accumulation over the closing months of the year.
Manufacturers' inventories rose substantially during the over the previous year has been maintained through the 4-week
month, bringing accumulations for the final quarter of 1940 to period ending January 25. Trade sources report particularly
a dollar value approximating $700 million. While this is con- heavy demands for household appliances, home furnishings,
siderably less than the $1,100 million increase in the final quarter automobiles, and other consumer durables.
Railroad carloadings advanced contraseasonally through
of 1939, it brought the total inventory rise for 1940 to $1,200
million. The major advances in December were again registered January 25, with a continued high volume of miscellaneous and
1.
c.
1. shipments indicating the broad economic area over which
by the durable-goods industries, especially those manufacturing
defense materials and equipment, while the rise in inventories of expanding business is spread. Heavy shipments of ore and coal
nondurable-goods manufacturers was more moderate. However, were also recorded. Electric power production, while not quite
inventory accumulation to date should not be regarded solely as reaching the peak week attained in December, averaged more
a speculative or protective movement, since the defense program than 2,800 million kilowatt-hours per week through January
in its rising phase has required the use of substantially larger 25—approximately equal to the weekly average during the
record month of December.
volumes of working capital.
Spot commodity prices covered by the Bureau of Labor StaPaced by record-breaking activity in the steel industries, production again registered strong gains during January. On the tistics 28 commodity index, moved moderately upward during
basis of data now available, it is apparent that the high volume January. During the first half of the month the index advanced
of manufacturing output in the latter part of 1940 has continued from 118.8 to 121.3, but a steady decline during the last week
into the new year and that aggregate output on a seasonally brought the index to 119.8 on January 31—a total increase of
for Uieperiods a wholer Foodstuffs were up about
adjusted basis -has-sgain advanced ^o-anewall-timf-higli.-- Jan-—Hcntirl-'point
January steel output amounted to almost 7 million tons, close to 2 points for the month, while the prices of raw industrial commodities
were
little changed. Although most metal prices were
capacity limits. The weekly rate of steel operations currently
carried, in this supplement is now a percentage of the new annual unchanged, steel scrap prices were reduced during the month.
In the security markets prices were also moderately higher
capacity figure of 84,152,000 tons, recently announced by the
American Iron and Steel Institute. This includes 2,586,000 tons in the early days of the month. Subsequent declines, however,
of electric furnace capacity and much smaller tonnages of cru- brought month-end prices to the lowest point reached since last
cible steel and steel for castings. Tonnages of electric steel, August. The Dow-Jones average of 65 stocks declined from
crucible steel, and steel for castings were formerly excluded from 43.70 to 42.04 for the month as a whole, the major decline being
the computation of the operating rate which, in recent years, a drop of more than 6 points in the average for industrial shares.
has been based on capacities of open-hearth and Bessemer steel Trading volumes were the smallest since last September. Bond
prices, with the exception of industrials, continued the rise begun
only.
The automobile industry, now well into the 1941 model year, in the last weeks of December, though falling off slightly at the
gives no indication of the seasonal let-down ordinarily expected close of January. The Dow-Jones average of 10 industrial
at this time of year. Assemblies of 124,400 units in the last bonds, however, declined throughout the month.
NOTE.—Publication of the regular weekly charts will be
week of January brought the total for the month to more than
one-half million, the highest volume reached in any month since resumed next week. The data to bring the charts up to date
May 1937. Trade reports express confidence that there will be are on page 2,
289454—41
WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=100]
1941
ITEM
Business activity:!
New York Times§
Barron's^
Business Week.
Feb. Jan. Jan. Jan. Jan. Feb. Jan. Feb.
1
4
27
3
25 18 ll
...
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index
Farm products
Food
All other
Fisher's index, 1926=100Combined index
Copper, electrolytic?
Cotton, middling, spot
Jan.
28
123.6
123.5 m fi 106.9 107.4 94 3 95.9
127.6 l?8 6 128.0 195 fi 112.8 116.0 97 ? 97.9
143.6 144.5 142.3 143.0 118.4 120.9 101.9 103.5
SO 8
72.6
74.1
84 4
80.6
71.4
73.7
84.5
80
71
73
84
2
0
0
4
80.2
71.2
73.2
84 4
78.8
69.6
71.7
83.6
79.1
69.2
71.4
84.0
. ITEM
7fl fi
67 1
71 0
80 4
76.7
67.3
71; 2
80.4
85.7 86.1 8fi 1 85.8 85 4 84.7 85.4 79 8 79.8
85.5 85 5 82.6 85.5 79 7 79.7
85.5 86.2
40.1 40.1 39.0 39.0 39?0 40.8 40.8 33.1 33.1
1939
1940
1941
1939
1940
Feb. Jan. Jan. Jan. Jan. Feb. Jan. Feb. Jan.
28
3
27
4
25 18 11
4
1
Finance—Continued.
Banking:
Debits, outside N. Y. C.t___
Federal Reserve reporting
member banks:
Loans, total
_
Interest rates:
Callloanst
Time loanst
Currency in circulation!
Production:
Automobiles.
•Ritnminnns pfiflif
Cotton consumption!
Electric powerf
_
103.0 113.8 108.7 122.3 146. f> 93.7 92.2 87.8 83.4
74.5 74.3 74.3 74.4 75.1 68.0 68.3 65.9 66 3
24.2 24.2 ?4 ? 24.2 24.2 21.2 24.2 24.2 ?A.2
28.6 28.6 TS 6 28.6 28.6 28.6 28.6 28.6 28.6
176.5 175.9 176 1 177.4 179.6 152.2 151.7 137.5 136.fi
158.2 155.1 157 7 147.5
97.2 94 5 98.8
15? 0 153.4
169.9 170.7 170.2
56.1 60.7 57.9
178.5 179 1 166.8
170.8 169.8 168 7 167.3
97.5
103.1
155.7
162.4
42.8
167.0
164.5
128.8 135.3
99.7 101.4
123.1 125.8
152.5 154.0
46.2 43.5
173.5 179.1
132.6 141.0
99.7 113.4
80.4 85.3
109.3 105.2
137.3 137.6
42.7 44.3
170.7 161 1
90 7 87.9
76.2
42.5
74 4
PetroleumJ
Construction contracts^..
...
Steel ingots©
_
74.6 73 5 74.7 64 5 69.0 68.2 60 ?, 62.0
Distribution: Carloadings
Receipts, primary markets:
100.8
104.9
122.1
Employment, Detroit, factory. — - —
Cattle and calves
61.6 70 0 69.5 53.4 54.1 54.0 58 4
50.3 51 6 60.8 48.7 57.6 62.9 36 0
Hogs....
_
Finance:
77.3 78 1 53.1 88.5 68 5 S6 9 92 7 43 5
Cotton
58.2 58.2 58.2 58.4 58.2 62.7 62.9 6fi Q 66.9
Bond yields^
Wheat.
Stock prices^
93.8 95.5 97.1 98.3 96.71109.7 110.3 103.9 101.2
29.7 31.1 33.1 25.9 23.0 27.9 24.5 38.9
•Data do not cover calendar weeks in all cases.
^Seasonally adjusted. '
iDaily average.
tWeekly average, 1928-30=100.
^Computed normal=100. Index revised beginning Jan. 8, 1938; revised data not given in the issue for Jan. 23, 1941, and subsequent issues will be shown later.
(BIndex for week ended Feb. 8, is 170.5. Beginning Jan. 11,1941, index is based on production of steel ingots and castings.
fi?. 8
41 9
41 6
36.1
WEEKLY BUSINESS STATISTICS*
1941
Feb. 1
Jan. 25
Jan. 18
1940
Jan. 11
Jan. 4
Feb. 3
1939
Jan. 27
Feb. 4
1938
Jan. 28
Feb. 5
Jan. 29
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New YorkJ...
dol. per lb_.
Cotton, middling, spot. New York
do.
Food index (.Bradstreft^s)
.do.
Iron and steel, composite
_._
dol. prr 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-:
Reserve bank credit, total...
__._.__..—..do
TJ. 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
Commercial, industrial, and agricultural loans§
mil. of dol. _
Interest rates, call loanst
percent..
Interest rates, timeloansj.
do
Exchange rates: Pound sterling!
dollars..
Failures^ commercial
.number..
Currency in circulation!
mil. of dol..
Security markets:
Borid sales (iV. Y. S. -EO-.thous. of dol. par value..
Bond yields (Moody's) (120 bonds){
percent..
Stock sales {N. r Y. S. E.).
thous. of shares..
Stock prices (A . Y. Tiinei)X
dol. per share..
Stock prices (Standard Statistics) (420)
1926=100..
Industrials (350)..
do__._
Public utilities (40).
do
Railroads (30)..
..do.
0.118
.109
2.54
38.22
.81
0.119
.109
2.52
38.24
.84
.106
2.51
38.33
.84
3,211
4,778
3,259
5,2S2
2,228
2,184
14,347
6,799
0.118
.106
2.50
38.47
0.118
.106
2.48
38.47
.86
0.114
.111
2.36
37.03
.95
0.118
.111
2.35
37.09
0.110
.090
2.31
36.35
.70
0.110
.090
2.30
36.35
.72
0.098
.086
2.46
38.94
1.01
0.100
.084
2.47
38.97
1.02
3,276
5,040
4,118
5,668
4,150
5,667
3,187
4,343
2,942
4,279
3,302
4,074
3,034
3,872
3,381
4,132
3,053
3,818
2,256
2,184
14,410
6,864-
2,254
2,184
14,414
6,896
2,237
2,184
14,284
6,835
2,274
2,184
14,026
6,615
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
2,594
2,564
7,219
1.385
2,594
2,561
7,296
1,440
22,932
5,425
22,898
5,427
16, 397
9,977
22,703
5,468
16,389
9,965
22,494
5,419
16,311
9,873
22,299
5,432
16,137
9,719
19,199
5,257
14,675
8,877
19,163
5,254
14,647
16,048
5,183
13,209
8,173
16,152
5,179
13,147
8,186
14,464
5,225
12,253
8,165
14,583
5,213
12,237
8,176
2,744
2,743
9,287
2,750
9,280
2,756
9,303
2,743
9,390
2,412
8,536
1,789
8,233
1,733
8,281
1,141
8,981
1,139
9,038
5,076
1.25
•4.033
300
8,572
5,055
1.00
1.25
* 4.034
307
8,543
5,040
1.00
1.25
M.035
283
8,552
5,033
1.00
1.25
° 4.035
262
8,615
5,018
1.00
1.25
« 4.035
179
8,720
2,414
8,499
4,295
1.00
1.25
3.984
285
3,767
1.00
1.25
4.678
318
6,676
3,765
1.00
1.25
4.675
385
6,635
4,394
1.00
1.25
5.011
4,395
1.00
1.25
5.001
7,392
4,316
1.00
1.25
3.978
302
7,368
6,329
6,306
43,160
3.36
2,975
91.05
78.5
91.1
77.0
27.3
47,520
3.36
2,573
92.78
79.9
92.8
77.8
28.0
49,120
3.36
2,774
94.30
81.6
95.0
78.7
27.9
77,010
3.37
3,863
36,250
3.36
3,671
93.94
80.9
94.4
78.0
26.9
29,040
3.62
2,914
106.55
90.4
105.8
87.3
28.3
34,030
3.63
3,128
107.12
91.1
107.3
87.7
29.0
32,650
3.86
4,224
100.88
89.0
105.3
81.8
27.7
38,180
3.86
7,657
98.29
87.4
103.5
80.9
27.0
35,950
4.30
4,374
85.99
78.9
93.0
71.5
27.5
41,640
4,28
5,511
87.85
79.8
93.8
73.6
27.7
16,368
9,950
1.00
82.1
96.0
78.5
27.5
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
89,200
47,743
78,410
101,240 106,400
Automobiles!
number.. 124,400 121,948 124,025 115,935
55,365
1,453
1,308
1,370
1,698
Bituminous coalj
thous. of short tons..
1,323
1,656
1,727
1,683
1,609
1,755
2,293
2,082
2,287
2,541
Electric power
mil. of kw-hr._
2,099
2,830
2,566
2,835
2,844
2,705
3,248
3,316
3,442
3,499
Petroleum:
thous. of bbL.
3,358
3,599
3,612
3,367
3,364
3,612
51.2
30.5
52.8
77.3
- Steel ingots®.
_.,pet. of capacity.. ~"»97.T
32.7
*96.5
82.2
95.9
695.1
>95.9
6,825
5,144
Construction contract awards J
thous. of dol—
12,241
11,951
Distribution:
Freight-car loadings, total
cars..
710,752 700,440 711,075 614,171 657,004 650,187 573,127 590,459 564,740 553.176
Coal and coke
do
168,147 160,264 166,003 135,280 170, 798 185,672 137,140 144,928 135,853 135,853
27,917
Forest products
do
24,759
26,257
39,008
37,582
37,724 • 29,819 31,374 : 27,815 25,525
32,199
31,611
Grains and grain products
do
32,282
29t541
32,080
30,772
30,395
26,806
31,287
34,421
12,966
Livestock
do
12,890
11,450
11,371
10,914
10,940
11,200
12,543
10,187
13,044
Merchandise, 1. c. 1
do. .
149,862 147,065 146, 716 125,101 146,788 143,370 146,142 146,436 148,002 142, ISO
6,973
Ore
do
6,447
7,640
9,062
12, 431
8,830
12,504
10,087
12,623
12,612
Miscellaneous
do
299,592 299,195 301,095 274,355 254,963 242,905 214,346 218,373 204,449 198,910
Receipts:
212
198
Cattle and calves
.thousands..
185
198
195
221
171
220
171
386
Hogs.
..do
315
234
270
374
335
326
395
408
316
Cotton into sight.
thous. of bales..
.
259
.
152
109
113
201
226
230
203
138
241
178
2,466
Wheat, at primary markets
thous. of bu..
1,838
2,871
3,093
2,361
2,219
2,062
2,471
2,632
3,948
1,829
©Rate for week ended Feb. 8, is 96.9.
tDaily average.
• Data do not cover calendar weeks in all cases.
^Source: Ward's Automotive Reports.
fData for 1938 not strictly comparable with data for later years: see note on corresponding data shown on p . 51 of the 1940 Supplement.
*Free rate.
6
Based on estimated capacity, Dec. 31,1940, including open-hearth, bessemer, and electric furnace ingots, and steel for castings produced by any process.
MONTHLY BUSINESS STATISTICS
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the
January January
1940 Supplement to the Survey
COMMODITY PRICES
Page. 11
Prices received by farmers (Ut S. Department of
Agriculture):
Combined index
1909-14=100..
Chickens and eggs
.do
Cotton and cottonseed.
do
Dairy products.
do
Fruits.
_„do
Grains
~
do
Meat animals.__
do
Truck crops
do
Miscellaneous
—— do
FINANCE
Banking:
Pages 49, 58, 61, 74
Federal Reserve banks, condition, end of
month:
Assets (resources), total
...mil. of doL
Reserve bank credit outstanding, total
mil. of dol—
B ills bought
do
Bills discounted....
do
United States securities
do
Reserves, total
do
Gold certificates---^v___:._.—__-__doi
Liabilities, total
_..:.._
do.
Deposits, total
:...
do.
Member bank reserve balances, total
mil. of dol—
Excess reserves (estimated)
do.
Federal Reserve notes in circulation
mil. of dol. .
Reserve ratio
percent—
Monetary statistics:
Foreign exchange rates:
Argentina.
_.dol. per paper pes
Brazil, official
dol. per milreisBritish India
dol. per rupeeCanada
dol. per Canadian dol.
Chile..
dol. per peso..
Colombia
do
German*
dol.perreichsmark..
Italy
__dol. per lira..
Japan
..dol. per yen..
Mexico
„
dol. per peso..
Sweden
dol. per krona..
United Kingdom..
dol. per £ . .
Public finance (Federal):
Debt, gross, end of mo.._.
.mil. of dol.
Public issues:
Interest bearing..
_
do
Noninterest bearing
do
Special issues to govt. agencies and trust
funds..
mil. of doL.
Receipts, customs
thous. of dol__
Security markrts:
Stocks:
Dividend declarations (iV. Y. Times):
Total
thous. of d o l Industrials and miscellaneous
do....
Railroads
_„_•„_
,' do.
Prices:
Dow-Jones & Co., I n c . (65 stocks):
dol. per s h a r e . .
Industrials (30 stocks)
...do..P u b l i c utilities (15 s t o c k s ) . . . .
do
Rails (20 stocks)
do—
New York Times (50 stocks)
do....
Industrials (25 stocks)
do
Railroads (25 stocks)
..
do.—',
- TRANSPORTATION AND""
COMMUNICATIONS
Class I steam railways:
Freight-carloadings (A. A. i?.):t
Total cars
thousands.
Coal
=
.
_
do~_Coke
-.
do...
Forest products-_..:_.do...
Grains and grain products
.do...
Livestock..:
!„_"
do...
Merchandise, 1. c. I
do...
Ore
.do...
Miscellaneous
do...
FOODSTUFFS
1940
March
April
May
June
107
112
78
116
79
80
112
99
100
120
79
121
71
83
112
98
90
101
122
79
128
75
81
111
93
102
21,801
22,176
22,440
22,865
23,017
23,262
2,484
0
4
2,448
IS, 579
18,202
21,801
15,575
2,510
0
4
2,436
18,959
18,618
22,176
15.867
2,485
0
5
2,434
19, 272
18, 940
22,440
16, 063
2,412
0
4
2,333
19,632
19,289
22.865
16, 218
2,304
0
4
2,199
19,881
19,586
23,017
16.191
2,195
0
3
2,184
20,036
19,751
23, 262
16,127
13, 781
6,857
13,498
6,514
13.541
6,525
13,727
G.G55
14,208
14,215
6,849
14,026
6,615
5,057
88.4
5,199
88.8
5,248
89.2
5.370
89.3
5,450
89.0
5,577
90.1
5,743
90.6
5,931
90.8
.298
.061
.302
.842
.052
.570
.401
.050
.234
.167
.237
3.526
.298
.060
.301
.810
.052
.570
.400
.050
.234
.167
.238
3.274
.061
.301
.801
.052
.572
.400
.050
.234
.184
.238
3.602
.298
.061
.301
.869
.052
.571
.400
.050
.234
.199
.238
3.805
.298
.061
.301
.869
.052
.570
.400
.050
.234
.200
.238
3.979
.298
.001
.302
.855
.052
.570
.399
.050
.234
.199
.238
4.034
.298
.061
.302
.863
.052
.570
.400
.050
.234
.203
.238
4.033
.061
.302
.869
.052
.570
.400
.050
.234
.204
.238
4.036
.061
.302
.866
.052
.571
.400
.050
.234
.204
.238
4.035
42,559
42,663
42,810
42,971
43,774
43,909
44,075
44,137
44,273
45,025
37,671
555
37,605
591
38,337
589
38,419
593
38,459
577
38,498
566
566
4,585
26,251
4,775
28,101
4,853
25,225
4,934
23,630
5,063
22,627
5,102
29,371
5,209
27,923
5,370
29,783
180,341 449,981
176,637. 420,278
3,704
29,703
239,426
223,372
16,055
194,824
182,232
12,592
365,553
347,331
18,222
209,482
?07,354
2,128
221,404
213,843
7,561
685,574
635,110
50,463
331,721
305,652
26,069
44.72
132.39
22.07
28.83
97.29
173.26
21.34
45.04
133.90
21.22
29.36
95.86
170.32
21.40
43.39
130.45
19.91
27.61
2,720
560
50
141
119
50
578
49
1,173
20,710
10,433
121
78
84
128
117
104
101
98
85
118
76
91
101
M59
107
97
83
85
114
73
92
102
MIS
101
82
85
110
81
96
104
-•128
100
84
83
106
88
92
108
••117
101
95
81
81
104
104
83
102
••112
100
23,306
19,223
19,497
19,677
20,042
20,585
21,408
2,250
0
2
2,184
20,285
19,941
23,306
16,396
2,503
0
7
2,477
15,975
15,561
19,223
13,422
2,547
0
7
2,477
16,181
15,813
19,497
13,630
2,529
0
4
2,475
16,451
16,076
19,677
13,815
2,518
0
3
2,467
16,809
16,428
20,042
14,152
2,519
0
3
2,477
17,34G
16,994
20,585
14,575
2,531
0
. 2
2,466
18,120
17,754
21,408
15,213
13,930
6,380
12,150
5,559
12,328
5,692
12,423
5,828
12,919
6*149
13, 237
6,385
5,884
91.0
4,832
87.5
4,872
87.5
4,931
87.8
4,941
88.0
.298
.061
.301
.848
.052
.571
.400
.050
.234
.205
.238
4.034
.061
.301
.880
.052
.572
.401
.050
.234
.167
.238
3.964
.061
.302
.867
.052
.573
.401
.050
.234
.167
.238
3.963
.298
.061
.302
.829
.052
.571
.401
.050
.234
.167
.238
3.759
45,877
42,128'
42,375
so
DecemAugust SeptemOctober November
ber
ber
97
104
76
111
73
77
114
••114
95
91
85
119
66
90
103
' 121
113
104
100
July
105
78
110
96
90
77
109
79
76
110
M07
37,364
37,493
526
37,531
557
37,625
541
5,426
33,257
4,256
35,788
4,356
25,651
4,471
28,702
4,496
26,479
218,317
204,574
13,743
231,651
215,588
16,064
43.82
130.17
20.17
29.01
93.24
165.43
21.06
49.72
147.60
25.44
31.09
107.40
191.78
23.03
49.44
147.29
24.87
30.83
107.83
192.67
22.98
49.15
147.13
24.i>6
30.45
107. C6
192.71
22.61
49.92
148.91
25.09
31.00
109.17
195.13
23.22
43.48
130.76
21.45
26.52
95.20
170.95
19.46
39.99
119.46
20.15
24.66
89.17
159.61
18.72
41.64
122.23
22.42
26.43
90.46
161.49
19.43
42.50
125.32
22.22
26.83
92.21
164.48
19.94
44.40
131.46
22.18
28.43
96.27
171.50
21.05
2,737
577
53
144
123
47
569
50
1,174
' 2,558
'647
50
115
117
50
554
38
'987
2,487
571
43
121
123
43
571
39
974
3,123
624
45
160
163
53
741
51
1,284
2,494
444
30
129
131
45
595
59
1,062
2,713
470
33
134
126
47
597
195
1,112
3,535
600
50
171
164
52
725
326
1,446
2,826
474
41
127
203
41
3,135
562
44
157
160
3,269
505
47
167
, 154
275
1,095
3,718
657
54
186
208
62
755
347
1,449
279
1,260
274
1,400
3,780
695
61
193
166
86
752
213
1,614
16,433
9,050
12,611
8,125
13,126
7,777
11,996
5,955
11,690
9,633
13,116
17,316
23,411
14,339
22,464
15,126
19,231
12,385
28,892
12,617
37,609
18,660
21,608
12,190
4,751
338,366 216,350
323,201 213,822
2,528
15,165
570
167.16
20.21
Pages 105t 107
Grains and grain products (principal markets):
Corn:
Receipts.
_
_ t h o u s . of bu.
Shipments._.—_..
do. .
Oats:
Receipts
do...
Wheat:
Shipments....
.
do...
METALS AND MANUFACTURES
Page 136
onferrous metals:
Tin:
Deliveries
long tons.
Visible supply, world, end of month—do.._
United States (excluding afloat)
do...
3,543
4,327
4,926
10,025
8,834
7,403
12,760
38,518
9,442
9,780
35,573
1,749
6,600
33,148
2,078
9,244
32,339
2,635
4,178
3,026
1,912
4,327
13,287
7,075
4,238
4,031
5,337
9,459
18,525
12,780
29,319
21,442
17,925
15,284
16,210
9,052
7,855
32,149
2,964
7,905
30,562
3,677
9,225
31,869
5,300
7,325
38,736
6,567
12,470
38,040
6,583
11,410
39,450
9,438
11,820
40,631
6,623
12,505
40,046
4,362
9,200
44,678
9,179
' Revised.
IData for March, June, August, and November 1940 are for 5 weeks; other months, 4 weeks.
MONTHLY BUSINESS STATISTICS
Monthly statistics through December 1939, to- 1940
gether with explanatory notes and references
to the sources of the data, may be found in the Decem
1940 Supplement to the Survey
ber
1940
1939
DecemJanuary
ber
February
March
104.4
106.2
103.2
118.2
129.2
108.9
109.3
112.2
106.2
100.5
103.2
98.7
118.9
128.7
110.4
110.0
112.8
107.0
105.5
112.3
101.0
121.2
131.1
112.4
109.8
112.6
106.8
April
May
June
July
August
September
129.5
162.8
108.1
123.5
128.9
118.6
110.9
115.4
106.0
164
211
133
145
158
134
112.2
118.4
105.5
Octo- November
ber
BUSINESS INDEXES
Manufacturers' orders, shipments, and inventories:*
New orders, total
Jan. 1939=100.
Durable goods
do...
Nondurable goods
do...
Shipments, total
do
Durable goods
do...
Nondurable goods
:
do...
Inventories, total
.Dec. 31, 1938=100.
Durable goods
do...
Nondurable goods
do...
p 127.3
» 110.0
110.0
114.0
106.7
128.1
146.5
112.1
107.3
110.3
104.1
110.2
118.2
105.0
119.
132.9
107.9
108.9
111.5
106.2
121.3
141.0
108.6
122.9
136.3
110.8
109.1
112.1
105.8
132.9
156.9
117.6
125.9
139.6
113.8
108.6
111.8
105.2
127.2
158.5
107.1
117.2
128.6
108.6
109.2
111.9
106.4
172
235
131
146
167
128
114.4
121.2
107.1
'170
'234
'129
148
'172
'127
' 116.5
' 124.1
'10S.5
EMPLOYMENT CONDITIONS AND
WAGES
Page 39
Labor turn-over in mfg. establishments:
Accession rate..mo. rate per 100 employees.-.
Separation rate:
Total
„
do.-..
Discharge
do
Lay-off
do
Quit and miscellaneous
do
CHEMICAL AND ALLIED PRODUCTS
Pages 95, 96
Vegetable oils and products:
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb._
Price, wholesale, standard, uncolored
(Chicago)
dol. per Reproduction
thous. of lb._
Paint sales:
Calcimines, plastic and cold-water paints:
Calcimines
thous. of doLPlastic-paints
do
Cold-water paints:
In dry form
do
In paste form
..do
Paint, varnish, lacquer, and fillers:
Total
...do „ .
Classified total
..do
Industrial
..do - . .
Trade
...do
Unclassified
_
do
ELECTRIC POWER AND GAS
Page 97
Electric power:
Production, total
mil. of kw.-hr..
By source:
Fuel
do....
Water power
do
By type of producer:
Privately and municipally owned public
utilities
mil. of kw.-hr..
Other producers
do
LEATHER AND PRODUCTS
Page 124
Leather manufactures:
Boots, shoes, and slippers, production:
Total.
.thous. of pairs..
Athletic
do
All fabric (satin, canvas, etc.)
do
Part fabric and part leather
do
High and low cut, total
do
Boys' and youths'
do
Infants'
do
Misses' and children's
do
Men's
do .
Women's..
do....
Slippers and moccasins for housewear
thous. of pairs..
All other footwear,.
do
4.11
2.84
3.74
2.98
2.94
3.05
3.36
4.76
4.77
6.63
6.21
5.52
4.65
3.16
.16
1.86
1.14
3.46
.12
2.65
.69
3.43
.14
2.55
.74
3.56
.16
2.67
.73
3.46
.15
2.53
.78
3.66
.13
2.69
.84
3.78
.13
2.78
.87
3.36
.14
2.32
.90
3.35
.14
2.25
3.00
.16
1.63
1.21
3.22
.16
1.48
1.58
3.23
.19
1.53
1.51
3.06
.18
1.60
1.28
31,118
25,737
29,409
28,474
26, 828
27,580
24,123
19,495
22,066
22,498
25,719
29,489
30,854
.115
33,518
.120
25,587
.120
29,354
.120
29,477
.120
26, 641
.120
27,40S
.120
24,676
.120
19,852
.120
22,021
.lift
21,664
.115
26, 542
.115
30,160
.115
30,002
150
44
203
32
205
34
1S6
'43
215
54
272
54
302
56
247
43
193
47
202
213
50
218
48
140
40
138
259
159
277
140
252
133
264
186
320
234
382
242
413
207
316
199
251
183
295
193
311
181
302
158
273
27,326
20,472
10, 785
9,686
6,854
25,934
19,333
9,409
9,924
6,602
27,655
20,456
9,991
10,465
7,210
25, 536
18,806
8,920
9,887
6,729
30,370
22,610
10,0S0
12,531
7,759
36,206
26,552
10,972
15,580
9,654
41,722
29,744
11,051
18,693
11,978
36,271
25,828
9,776
16,052
10,443
34,056
24,278
9,895
14,383
9,779
34,991
24,973
10,619
14,354
10,018
33,937
24,101
10,502
13,599
9,836
37,748
27,347
12,594
14,753
10,401
30,795
22,819
11,336
11,483
7,976
13,456
12,077
12,252
11,104
11,514
11,193
11,609
11,485
12,091
12,450
11,977
13,063
12,771
9,061
4,395
8,891
3,187
9,065
3,186
7,914
3,190
7,583
3,931
6,645
4,548
7,006
4,603
7,270
4,215
7,931
4,159
8,482
3,968
8,124
3,853
9,404
3,659
r 8,737
' 4,034
12,115
1,341
11,074
1,003
II, 262
990
10,258
846
10, 557
957
10,277
916
10,616
992
10,402
1,083
10,937
1,154
11,239
1,211
10,678
1,299
11,706
1,357
31,193
485
331
1,003
25,058
1,312
1,873
3,211
8,606
10,055
28,690
323
277
873
23,694
1,106
1,628
3,357
7,939
9,663
33,885
274
414
1,291
30,298
1,169
1,838
3,903
8,985
14,403
35,651
285
529
1,299
31,324
1,178
1,894
3,816
9,094
15,343
34,551
311
824
1,048
29,53S
1,067
1,821
3,614
8,337
14,700
31,056
349
915
692
25,556
1,017
1,703
2,825
7,588
12,424
29,479
343
965
424
23.801
1,161
1,575
2,601
7,419
11,045
27,905
371
691
303
22,668
1,230
1,600
2,950
6,925
9,963
33,590
39,315
323
302
370
359
302
519
28,113
1,391
1,710
3,357
8,018
13,638
32,837
1,624
1,790
3,669
9,622
16,132
34,992
389
319
474
28,208
1,366
1,791
3,342
8,679
13,030
36,746
508
311
834
28,566
1,533
2,132
3,468
10,112
11,321
30,403
'517
297
842
*• 22,409
1,281
' 1,823
' 2,881
'8,618
'7,806
4,071
245
3,285
239
1,253
355
1,870
345
2,288
542
2,880
663
3,127
819
3,184
687
4,005
476
4,946
353
5,413
189
6,283
244
' 6,134
203
33,440
9,058
22,378
7,665
28,189
9,703
21,302
8,658
17,709
7,340
17,471
8,544
17,065
6,524
19,373
5,798
28,431
6OG1
24,799
7,571
28,609
7,941
39,240
11,387
33,821
2,240
68
200
2,046
78
197
1,853
69
200
3,587
80
195
1,129
58
186
1,088
52
183
1,209
58
152
1,407
70
149
1,558
67
125
1,694
63
166
1,744
60
177
1,884
78
206
2,148
72
198
92,525
107,110
186
74,381
84,179
133
73,328
71,344
137
70,764
67,472
127
55,888
51,750
100
54,658
51,173
87
60,724
61,167
94
68,147
66,718
137
72,506
72,934
143
80,359
85,527
146
83,665
88,005
158
88,027
104,332
182
90,421
103,556
179
140,628
47,128
26,794
20,334
93,500
28,890
64,610
109,533
44,286
31,102
13,184
65,247
29,776
35,471
11,431
*• 1,340
TEXTILE PRODUCTS
Consumption (scoured basis):
Apparel class
. thous. of lb
Carpet class
do
Machinery activity (week]/average):""
Looms:
"Woolen and worsted:
Broad.
thous. of active hours..
Narrow
__
do
Carpet and rug
do
Spinning spindles:
Woolen
*
^
do.
Worsted
__dol
Worsted combs
do
Stocks, scoured basis, end of quarter, total
thous. of lb_.
Woolen wools, total...
do . . .
Domestic
do
Foreign
_
do....
>\ orsted wools, total
___
...do
Domestic
do.
Foreign
do
98,860
41,815
28,181
13,634
57,045
22,825
34,220
' Revised.
•Now series. For data on manufacturers' orders, shipments, and inventories, see footnotes marked with a '
IData for January, April, July, and October are for 5 weeks; other months, 4 weeks.
128,585
47,508
35,183
12,325
81,077
59,436
21,641
127,546
*• 41,338
1-29,450
llT"
'86,208
' 57,219
' on pp. 20 and 21 of the November 1940 SUEVEY.
@FedFRASER