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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C., JANUARY 14, 1943 SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (1935-39* 100) (BILLIONS OF KILOWATT HOURS) CRUDE OIL R U N S - T O - S T I L L S 5.0 (MILLIONS OF BARRELS-DAILY AVERAGE) • 4.5 3.0 2.5 INCOME PAYMENTS DEPARTMENT STORE SALES (SEASONALLY ADJUSTED 1935-39-100) (SEASONALLY ADJUSTED 1923-25-100) 1941 1942 WEEKLY BUSINESS STATISTICS * 1942 1943 1942 1943 Jan. 9 Jan. 2 Dec. 26 Jan. 10 Jan. 3 Jan. 9 Jan. 2 Dec. 26 Jan. 10 Jan. 3 Finance— Continued. Commodity prices, wholesale: Federal Reserve reporting member banks: 94.3 95.0 » 101.2 p 101.2 All commodities 1926=100.. Deposits, demand, adjusted_.mil. of dol.. 96.9 98.8 115.4 115.2 Farm products do Loans and investments, total .do— 91.9 92.5 104.2 104.6 Food do U. S. Govt, obligationscf— -do 94.1 f 96.2 p 96.2 94.3 All other.. do Commercial, industrial, and agricul28 basic commodities©...August 1939=100.. 173.6 172.9 172.7 162.5 159.3 tural loans mil. of dol.. .179 .184 .201 .203 .198 Cotton, mid. 10 mkts.J__dol. per lb.. 1.23 1.24 Failures, commercial number.. 1.34 1.32 Wheat, No. 2, hd. win. (K. C.)_dol per bu._ 107 130 Bond yields (Afoody's)t percent.. 112 199 Department store sales ...1935-39=100.. Stock prices (Sltan. <fe Poor) A -1935-39=100.. Finance: Production: Bank debits, member banks in 101 cities:! Bituminous coalj thous. of short tons. Total.. mil. of dol„ 12,172 11,384 12,911 8,712 10,859 New York City d o . — 5,031 4,713 5,220 3,422 4,433 Electric power mil. of kw-hr. 15,385 15,544 15,313 11,106 11,169 Currency in circulation! do Petroleum! thous. of bbl. Federal Reserve bank credit, total do 6,378 6,428 6,292 2,386 2,361 Steel® 1935-39•=100. Member bank reserve balances 13,464 12,738 .13,129 .12,717 12,450 JPreight carloadings, total thous. of cars. 2,326 1,656 2,192 3,385 3,085 Excess reserves, estimated. ...do Miscellaneous do... 28,367 28,257 28,504 23,884 23,650 41,344 41,467 40,457 30,132 30,085 28,025 27,832 26,510 15,145 15,049 6,030 95 3.31 78.5 6,074 a, 165 105 81 3.32 3.32 77.4 77.0 6,722 203 3.35 73.2 6,726 136 3.39 71.1 185.9 3,750 3,871 188.2 621 306 1,714 3,656 3,881 188.0 592 290 1,842 3,473 4,229 178.5 737 318 1,962 3,289 4,038 177.9 677 313 •Data do not cover calendar weeks in all cases. *> Preliminary. ©Thursday prices, JDaily average. ©Index for week ended January 16,190.3. ^Debits to demand deposit accounts, except interbank and U. S. Government accounts, in 101 cities. ^Direct and guaranteed. A402 stocks. MONTHLY BUSINESS STATISTICS 1942 1941 Earlier data are available in monthly issues of Decem- Decemthe Survey and the 1942 Supplement ber ber 1942 October 143 153 138 148 98 112 157 162 154 169 173 158 165 134 117 200 226 185 197 253 165 213 232 222 137 183 117 154 165 170 fRevised series. See note on corresponding item in the December 503975—43 1942 1941 • Earlier data are available in monthly issues of Decem- Decemthe Survey and the 1942 Supplement ber ber 1942 Octo- November ber DOMESTIC TRADE—Continued COMMODITY PRICES Prices received by farmers: U. S. Department of Agriculture: 178 Combined index.-..1909-14=100. 183 Chickens and eggs do... 162 Cotton and cottonseed do... 175 Dairy products. do... 151 Fruits do... 124 Grains: do... 196 Meat animals ^do... 293 Truck crops. do—_ 211 Miscellaneous.— do... DOMESTIC TRADE Department stores: p 218 Sales, total U. S., unadjusted..... 1923-25=100. *273 Atlantaf 1935-39^100. *177 Boston 1923-25= 100. P 232 Chicago 1935-39=100. v 248 Clevelandf J do... P 269 Dallas 1923-25—100. ' Revised. p Preliminary. November Department stores—Continued. Sales, unadjusted—Continued. 1925=100— p 223 183 146 169 Kansas City . p 216 1935-33=100.. 198 156 178 Minneapolis 194 1923-25 = 100.. p 204 130 New York. __ 160 238 1935-39=100.. p 252 160 Philadelphia 171 p 294 265 211 do,.Richmond 127 p 209 190 1923-25=100145 117 St. Louisl 1935-39—100.. p 294 235 191 197 San Francisco 111 128 238 Sales, total U. S., adjusted — 1923-25 = 100.. * 123 p 158 146 1935-39=100., 173 181 Atlantaf p 137 126 147 Chicago.do-.135 p 144 158 do— Clevelandf— 128 p 155 1923-25=100150 Dallas T 157 P 138 127 131 1935-39=100.. Minneapolis f 206 115 107 New Yorkt- 1923-25=100.. p 112 127 116 139 Philadelphia 1935*39=100.. P 135 r 142 170 Richmond ' 168 — . d o . . . . P 158 187 P 127 115 129 St. LouisJ 1923-25=100.. r 138 182 191 1935-39=100P 173 San Francisco J See note on p. S-8 of the December 1942 Survey. 1 See note marked "V' on p. S-7 of the December 1942 Survey. 1942 Survey. r r r 147 144 144 ••181 202 r 158 p 210 * 138 ••186 r 153 170 r 171 r 144 r 121 '142 f 192 r 135 P 201 2 MONTHLY BUSINESS STATISTICS—Continued Earlier data are available in monthly issues of fa. the Survey and the 1942 Supplement 1943 1941 December December 1943 October November FINANCE 41,389 6,783 31,811 4,611 48,390 24,353 2,361 2,254 20,764 20,504 24,353 14,678 12,450 3,085 8,192 90.8 26,953 4.959 4,667 20,813 20,569 26,953 14,313 12,735 2,644 11,220 81.5 27,748 5,714 5, 399 20,7S9 20, 573 27, 74S 14, 534 13,208 2,909 11,756 79.1 22,737 11,160 22,740 14,210 22,743 14,805 58,020 92,904 83,680 86, 671 657 8,585 8,787 4,244 6,363 6,042 66 31 3 28 33 1,159 767 41 4,243 5,937 5,481 48 35 56 70 (*) 247 648 607 24 603 206 48 110.7 109.5 109.4 ' 1.96 2.37 2.05 - 2.33 2.06 2.34 36.92 110.67 14.38 25.33 79.17 139.86 18.47 38.37 113. 51 13.35 28.65 79.06 136.56 21.55 38.81 115. 31 14.16 28.13 80.13 139.23 21.03 50,551 487 6,317 2,557 1,850 113 115 9 232 .16 223 1,214 1,212 1941 November November 585 27 63 98 352 45 5,245 267 717 1,823 2,009 429 842 38 51 167 529 57 9,197 448 618 3,827 3,472 832 119.5 119.2 119.0 103.2 113.8 108.3 87.6 29.6 126.9 99.4 105.9 107.4 84.9 24.3 133.4 100.7 109.8 105.8 86.4 29.4 125.9 2.20 1.90 2.25 75.2 77.2 77.3 74.1 66.2 73.0 77.4 78.6 78.7 74.2 74.5 68.4 69.4 71.6 '71.8 69.6 59.5 66.7 4.23 4.11 4.27 eptember 194 830 601 23 784 199 248 3,046 ••574 54 153 155 53 582 .77 1,396 75 27 28,107 7,947 22,530 4,271 48,694 4,512 837 71 244 247 118 460 373 2,162 30 17 5 3,236 649 57 164 168 78 356 230 1,534 53 27,835 13,125 45,416 30,999 6,209 32,261 5,101 51,065 28 14 '4,795 46,800 October BUSINESS INDEXES p 186.0 f 206.4 * ISO.4 *10, 394 * 7,407 J> 3,469 f 24 p 84 v 171 * 530 p 2,202 p 8.995 Industrial and commercial failures: Grand total number. Commercial service, total ... do... Construction, total. do... Manufacturing and mining, total .do... Retail trade, total do... Wholesale trade, total— do... Liabilities, grand total.".. .thous. of dol. Commercial service, total .do... Construction, total .do... Manufacturing and mining, total do... Retail trade, total... do... Wholesale trade, total do... Security markets (Standard and Poor's Corp.): Bond prices: High grade (15 bonds) dol. per $100 bondMedium and lower grade: Composite (50 bonds) do... Industrials (10 bonds) _..do._.. Public utilities (20 bonds) do... Rails (20 bonds) ...dc... Defaulted (15 bonds).-' do..., Domestic municipals (15 bonds). .do.... Bond yields: Domestic municipals (15 bonds).—percent.. Stock prices: Combined index (402 stocks).—1935-39=100.. Industrials (354 stocks) do.... Capital goods (116 stocks) do.... Consumer's'goods (191 stocks) do Public utilities (28 stocks) do.... Rails (20 stocks) do.... Stock yields: Preferred stocks, high-grade (15 stocks) percent.. 556 27 54 77 355 43 5,473 268 646 1,661 2,276 TRANSPORTATION Financial operations (class I steam railways): Operating revenues, total thous. of dol.. Freight .do.... Passenger ^ do.... Operating expenses .do Net railway operating income do 690,108 457,012 697,792 534,762 385,241 546,791 108,060 40.519 104,971 406,389 335,614 399,706 148,949 68,933 154,632 LEATHER AND PRODUCTS Novem- Novem September ber ber 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 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 1942 1942 FINANCE Federal Reserve banks, condition, end of mo.: Assets, total... ..mil. of dol. 29,019 6,678 Res. bank credit outstanding, total do— United States securities. — do..., 6,189 Reserves, total d o — 20,90S Gold certificates. L.ao.... 20,554 Liabilities, total d o — 29,019 Deposits, total. . d o — 15,194 Member bank reserve balances d o — 13,117 1,988 Excess reserves (estimated) -.do— Fed. Reserve notes in circulation do.._. 12,193 76.3 Reserve ratio. —percent.. Monetary statistics: Gold, monetary stocks, XJ. S mil. of dol_. f22,726 Currency in circulation, total . . . d o — "15,412 Public finance (Federal): 108,170 Debt, gross, end of month do Public issues: Interest bearing... d o — 98,276 862 Noninterest bearing.. —do— Special issues to Government agencies and trust funds. mil. of dol.. 9,032 Obligations fully guaranteed by U. S. Gov't: Total amount outstanding mil. of dol.. 4,283 6,501 Expenditures, total . do— 5,825 W a r activities! d o — 70 Agricultural adjustment program do 12 Unemployment relief do 25 Transfers to trust accounts J do— 353 Interest on debt. do— 1 Debt retirements do— 215 All other*...do.... 2,702 Receipts, total do Receipts, net d o — 2,701 24 Customs ao— Internal revenue, total d o — 2,649 Income taxes d o — 1,972 50 Social Security taxes do— Security markets: Bonds: Prices, U. S, Treasury.-.dol. per $100bond.. 108. i Yields: U. 8. Treasury bonds: 2.09 Partially tax-exempt percent.. 2.36 Taxable* ...do.... Stock prices: Dow-Jones & Co. Inc. (65 stocks) dol. per share. . 38.81 117.16 Industrials (30 stocks) do 14.02 Public utilities (15 stocks) do 26.83 Rails (20 stocks) do 81.51 N e w York Times (60 stocks) do 142.86 Industrials (25 stocks) _* do Railroads (25 stocks) : . d o — 20.18 TRANSPORTATION Freight-car loadings (A. A. R.):§ Total cars thpusands.. 2,834 612 Coal •—' do 57 Coke do 148 Forest products.. do 176 Grain and grain products do 63 Livestock... ..do 340 Merchandise, 1. c. 1. do 66 Ore do.... Miscellaneous. d o — 1,371 68 Freight-car surplus, total do 35 Box cars do. 20 Coal cars__ do. FOODSTUFFS Grain receipts, principal markets: Corn thous. of bu,_ Oats... do.,. Wheat... do„. , FUELS AND BYPRODUCTS Coal production: . .. • Anthracite.,--... -thous. of short tons, Bituminous do Earlier data are available in monthly issues of the Survey and the 1942 Supplement 146.3 155.3 145.5 8,111 5,612 2,521 79 90 152 538 1, 719 7,176 176.0 194.5 172.1 10,243 6,984 3,336 30 85 180 905 2,089 8,918 180.5 200.3 176.1 10,576 7,263 3,416 28 85 174 763 2,291 9,055 Leather: Production: Calf and kip thous. of skins.. Cattle h i d e s - . . — . . thous. of hides.. Goat and kid thous. of skins.. Sheep and l a m b — do— Stocks of cattle hides and leather, end of mo.: Total .thous. of equiv. hides.. Leather, in process and finished do— Hides, raw — do— Production, boots, shoes, and clippers: Total .. thous. of pairs.. Athletic —do.... All fabric (satin, canvas, etc.) do,... Part fabric and part leather.. do— High and low, cut leather, total... do.._. Government shoes do— Civilian shoes: Boys' and youths' do— Infants' ...do— Misses' and children's. __.do.—. Men's do— Women's. do— Slippers and moccasins for house w e a r . . d o — All other footwear -do— LUMBER AND MANUFACTURES National Lumber Manufacturers Assn.rf Production, total mil. bd. ft~ Hardwoods do— Softwoods do— Shipments, total do— H ardwoods — do— Softwoods do.... Stocks, gross, end of month, total do— Hardwoods do— Softwoods -do— TEXTILE PRODUCTS Wool: Consumption (scoured basis) Apparel class thous. of lb.. Carpet class do Machinery activity (weekly average) :1 Looms: Woolen and worsted: Broad thous. of active hoursNarrow —do— Carpet and rug: Broad do— Narrow do— Spinning spindles: Woolen do— Worsted... -do— Worsted combs do— 2,441 2,655 4,859 1,014 2,445 3,837 4,408 1,029 2,384 2,728 4,150 11,804 8,904 2,900 14,020 8,569 5,451 11,809 8,691 3,118 35,100 415 305 916 28,850 3,425 34,795 478 223 852 27,644 1,737 37,094 452 237 716 31,089 3,333 1,990 2,743 7,084 12,420 3,943 671 2.163 3,491 9,600 9,821 5.164 434 1,419 2.074 3,055 7,560 13,648 4,219 381 2,395 410 1,985 2,551 2,061 4,759 1,485 3,274 2,607 452 2,155 2,550 462 2,088 6,977 1,987 4,990 2,805 451 2,354 2,957 523 2,434 5,046 44,404 3,044 40,660 10,700 52,305 3,045 2,629 72 2,521* 2,657 65 125 104 66 40 1,011 1,188 4^0 1,662 3,384 125,025 108,127 121,812 116,157 122,409 112,150 217 209 220 'Revised. * Preliminary. ° Less than $500,000. *New series. See note on corresponding item In the December 1942 SURVEY. fData revised beginning January 1941 (lumber stocks beginning 1937); revisions not shown above will be published in a subsequent issue of the SUE VET. JSee note on corresponding item in the December 1942 SURVEY. $Data for October are for 5 weeks, other months, 4 weeks. tData for September are for 5 weeks; other months, 4 weeks. o. s. G O V E R N M E N T P R I N T I N G O F F I C E : m i
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