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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 21, 1943 SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION (1935-39- 100) ELECTRIC POWER PRODUCTION (BILLIONS OF KILOWATT HOURS) BITUMINOUS COAL PRODUCTION ^ 1942 ^ ^ 1940** 1941 1 COTTON CONSUMPTION 1 1 1 1 1 t ' 1 i • VALUE OF MANUFACTURERS* INVENTORIES (AVERAGE MONTH 1939-100) (DAILY AVERAGE-THOUSANDS OF BALES) WEEKLY BUSINESS STATISTICS 1943 1912 Commodity prices, wholesale: »101.4 All commodities 1926=100 . 116.1 Farm products do 104.4 Food do f 96.2 All other. do 28 basic commodities©.-.August 1939»100_. 173.5 173.6 .203 .204 Cotton, mid. 10 mkts.t.-.dol. per lb.. 1.37 1.36 Wheat, No. 2, hd.win. (K.C.).dol. perbu.. 138 Department store sales 1935-39*® 100. Finance: Bank debits, member banks in 101 cities:f Total mil. of dol_. 9,890 12,172 4,150 6,031 New York City do 15,332 15,385 Currency in circulation t do Federal Reserve bank crcdit, total do.-.. 6,274 6,378 13,279 13,464 Member bank reserve balances _do 2,149 2,326 Excess reserves, estimated do.. »101.2 115.4 104.2 >96.2 172. .201 1.34 112 100.8 94,1 94.4 164.0 .188 1.26 131 95.0 98.8 92.5 94.3 162.5 .18-1 1.24 130 11,384 8,749 8,712 4,713 3,550 3,422 15,544 11,074 11,106 6,428 2,390 2,386 12,788 12,992 12,717 1,656 3,561 3,385 1942 1943 Jan. 16 Jan. 9 . Jan. 2 f Jan. 17 Jan. 10 Jan. 16 Jan. 9 Jan. 2 Jan. 17 Jan. 10 Finance—Continued. Federal Reserve reporting member banks: Deposits, demand, adjusted_.mil. of dol.. 28,964' 28,367 28,257 24,169 23,884 Loans and investments, total -do. .. 41,239 41,344 41,467 30,233 30,132 U. S. Govt, obligationso" d o — 28,142 28,025 27,832 15,259 15,145 Commercial, industrial, and agricultural loans mil. of dol.. 5,975 6,030 6,074 6,728 6,722 105 95 96 260 203 Failures, commercial. number . 3.32 3.31 3.28 3.34 3.35 Bond yields (Afoorfy'*)t percent.. 77.4 79.0 78.5 73.3 73.2 Stock prices (Stan. & Poor) A.1935-39=100.. Production: 1,833 1,! 1,860 Bituminous coalj thous. of short tons.. 1, 3,953 3.780 3,450 3,473 Electric power. mil. of kw*hr. 3.821 3,871 4,046 4,229 Petroleum^... thous. of bM. Steel© 1935-39=100.. 190.3 185.9 188.2 181.0 178.5 716 737 811 621 Freight carloadings, total thous. of cars. 343 355 318 306 Miscellaneous do... •Datado not cover calendar weeks in_all cases. ..„..» Preliminary* ..... .©Thursday prices... J Daily average. ©Index for weekended January 23,191.2. IDebits to demand deposit accounts, except interbank and U. S. Government accounts, in 101 cities. cfDirect and guaranteed. A402 stocks. MONTHLY BUSINESS STATISTICS Earlier data are available in monthly issues of the Survey and the 1942 Supplement 1943 1941 1943 1942 Decem- Decem- October November ber ber COMMODITY PRICES Cost of living (N. I. C. B.): Combined index... 1923=100.. Clothing do Food... do Fuel and light do Housing do Sundries. do. Retail prices (Fairchild's index): Dec. 31, 1930*-100.. Combined index Apparel: Infants' do Men's do Women's do Home furnishings. do Piece goods do 1941 1943 Decem- Decem- October November ber ber CONSTRUCTION, ETC.—Continued 101.0 88.6 108.3 90.6 90.8 106.4 93.2 80.1 92.6 90.3 89.9 102.2 99.7 88.5 105.4 90.5 90.8 105.4 100.3 '88.6 106.5 90.5 90.8 106.2 113.1 108.3 113.1 113.1 108.1 105.3 112.6 115.5 112.2 103.7 98.1 107.7 110.2 105.0 108.0 105.3 112.6 115.5 112.2 108.0 105.3 112.5 115.5 112.2f 7,734 5,074 1,488 1,171 8,176 2,961 3,197 2,015 CONSTRUCTION AND REAL ESTATE Concrete pavement contract awards: Total.. thous. sq. yds. Airports do-.. Roads _do.._ Street and alleys do... * Revised. 605502-43 Earlier data are available in monthly issues of the Survey and the 1942 Supplement 12,453 7,600 2,806 2,047 8,671 5,821 1,406 1,444 Construction cost indexes: American Appraisal Co.: Average, 30 cities Atlanta New York San Francisco St. Louis Associated General Contractors 1913=100. do.~. ..do.-. do— .do... do... 248 250 251 230 242 213.5 225 222 238 212 220 203.3 246 249 251 229 242 213.5 247 2£0 251 229 242 213.5 mil. of dol. do... do... 59,482 23,921 35,561 51,731 20,598 31,133 49,945 18,323 31,622 46,056 17,016 29,010 percent. 3.32 3.35 3.31 3.31 do... .do... do... do.^. 2.81 2.96 3.23 4.28 2.80 2.95 3.27 4.38 2.80 2.95 3.24 4.24 2.79 2.94 3.24 4.25 FINANCE Bank debits, total (141 centers) New York City Outside New York City...; Security markets: Bonds: Yields (Moody's): Domestic corporate By ratings: Aaa An A Baa MONTHLY BUSINESS STATISTICS—Continued 2 Earlier data are available in monthly issues of the Survey and the 1942 Supplement 1942 1941 1942 December December October November 1942 TRANSPORTATION Class I steam railways: Freight carloadings (Federal Reserve inCombined index, unadjusted. 1935-39=100, Coal _..do___. Coke do___. Forest products do Grains and grain products-. do Livestock do— Merchandise, 1. c. 1 _*do Ore do Miscellaneous.. -do Combined index, adjusted do Coal__ do Coke do Forest products do... Grains and grain products do Livestock do Merchandise,4. c. l._ do... Ore do Miscellaneous do 126 132 193 122 130 113 50 59 135 134 116 177 137 143 117 59 210 146 128 125 182 129 113 97 138 137 111 167 145 124 101 100 246 149 150 138 180 158 139 169 58 260 163 133 121 180 149 130 110 56 221 144 140 139 186 138 123 144 59 206 150 134 125 176 140 126 114 58 221 144 FOODSTUFFS Stocks, cold storage, end of month: Butter, creamery thous. of lbCheese, total do Shell.. thous. of cases., Frozen -thous. of lb. Fish, total (15th of month) do... Fruits and vegetables, frozen: Fruits. do.... Vegetables do...* Total meats mil, of lb. Beef and veal .thous. of lb.. Lamb and mutton .do Pork, total do Fresh and cured do— Lard do - Poultry^T—R. _RR: IT. . : _~R_: do.. Livestock: Cattle and calves: Receipts, principal markets thous. of animals.. Shipments, feeder, to 7 Corn Belt States thous. of animals.. Hogs: Receipts, principal markets do Sheep and lambs: Receipts, principal markets do Shipments, feeder, to 7 Corn Belt States thous. of animals.. 25,104 131,771 114,436 201,613 86,981 195,378 82,430 105,699 549 95,538 117,805 r 3,117 1,170 180,329 126,321 115,128 '114,198 187,929 103,176 828 129,019 35,058 579,309 488,333 90,976 188,037 177,948 92,929 903 135,478 7,936 655,049 468,538 186,511 218,392 221,727 115,811) 115,845 r , 521 579 116,892 130,454 17,896 ' 26,462 314,992 349,274 257,445 291,841 57,547 ' 57,434 161,011 193,263 1,846 1,964 2,995 180 189 486 314 4,225 3,639 2,687 3,310 2,379 1,719 3,741 2,780 175 122 976 452 476 982 6,778 2,175 457 1,004 5,767 1,571 572 1,280 4,218 2,344 501 1,018 5,023 2,126 7,303 97 7,150 7,585 100 7,185 935,511 888,379 972,490 913,038 ' 45,937 153,806 2,535 LEATHER AND LEATHER PRODUCTS Hides and skins: Livestock slaughter (Federally inspected): Calves thous. of animals.. Cattle do Hogs do— Sheep and Iamb .do— METALS AND MANUFACTURES Steel ingots and steel for castings: Production. thous. of short tons. Percent of capacity TEXTILE PRODUCTS * Revised. « Less than $500,000. December 1941 1942 Decem- October November ber TRANSPORTATION EQUIPMENT FINANCE—Continued Security markets—Continued: Bonds—Continued: Yields (Moody's)—Continued: B y groups: 2.93 2.94 2.94 2.94 Industrials... _ .percent.. 3.06 3.07 3.07 3.12 Public utilities do— 3.92 3.96 3.99 Rails do Stocks: Cash div. payments and rates (Moody's): Total annual payments at current rates (600 companies).. mil. of dol.. 1,677.20 1,927.69 1,645.97 1.647.36 938.08 938.08 Number of shares, adjusted. ..millions.. 942.70 Dividend rate per share (weighted aver1.75 1.76 2.05 1.78 age) (600 companies) dollars. _ 2.81 2.81 2.8S 2.82 Banks (21 companies) do 1.70 1.69 2.09 1.71 Industrials (492 companies) do 2.69 2.69 2.69 2.64 Insurance (21 companies) do 1.73 1.74 1.81 1.75 Public utilities (30 companies).-do.... 1.85 1.77 2.12 I.96 Rails (36 companies) do Dividend payments, by industry groups:* 295.9 159.0 852.3 650.0 Total dividend payments-_.mil. of dol.. 128.2 101.3 360.2 550.0 Manufacturing .do 4.9 3.5 53.4 60.3 Mining. .do 14.3 4.4 43.9 50.0 Trade... -do 43.2 45.9 II.7 54.3 Finance. do 17.8 66.1 3.2 53.fi Railroads .do 35.6 42.0 42.3 31.0 Heat, light, and power do 12.6 47.3 16.9 1.4 Communications. do 25.9 4.6 24.9 2.5 Miscellaneous do Cotton consumption Earlier data are available in monthly issues of the Survey and the 1942 Supplement bales. American Railway Car Institute: Shipments: Freight cars, total Domestic.. Passenger cars, total Domestic number.. do... do do 2,244 1,428 0 0 7,183 7,181 35 29 2,142 1,970 0 0 2,202 1,896 8 1 Novem- Novem- September ber ber BUSINESS INDEXES Mfrs\ orders, shipments, and inventories: New orders, total Jan. 1939=100.. Durable goods do Nondurable goods do... Shipments, total..average month 1939-100. Durable goods do Nondurable goods do Inventories, total do... Durable goods do Nondurable goods do. » 278 v 410 v 194 j> 233 *> 302 f 179 * 175.7 p 204.8 p 150. 2 212 265 178 183 220 155 152.7 170.3 137.4 254 390 183 224 283 177 175.4 200.9 153.1 FINANCE Securities issued (Sec. and Exch. Com.): Estimated gross proceeds, total..mil. of dol. B y types of security: Bonds, notes, and debentures, total mil. of dol.. Corporate do Preferred stock.. do— Common stock... do B y types of issuers: Corporate, total do Industrialdo Public utility do— Rail do Other do.... Non-corporate, total do U. S. Government and agencies.do State and municipal do N e w corporate security issues: Estimated net proceeds, total do— Proposed uses of proceeds: N e w 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 2,531 779 778 27 444 135 12 8 2,519 50 9 3 27 12 15 155 87 60 62 16 45 7 309 233 74 2,469 2,444 24 0 0 0 752 735 17 1 1 0 152 C) 8 C H E M I C A L S A N D ALLIED P R O D U C T S Vegetable oils and products: Oleomargarine: Consumption (tax-paid withdrawals) thous. of l b . . Production „ do— Paint sales: Paint, varnish, lacquer, and fillers: Total thous. of dol,. Classified, total .do.... Industrial do Trade .do._. Unclassified .do... 39, 371 47,635 32,147 32,503 29,537 39,604 38,122 34,315 16,221 18.094 3,807 41,368 37,531 18,727 18,804 3,837 43,028 37, 782 17,243 20,540 5,246 PAPER AND PRINTING Paper:" Total paper* incl. newsprint and paperboard: Production. short tons. 1,095,815 1,301,067 1,067,366 Paper, excl. newsprint and paperboard: Orders, new short tons.. 507,153 490,730 ' 452,930 Production d o — 465.460 536,044 457,707 Shipments — d o — 472,575 535,654 452,597 Fine paper: 43,612 52,773 Orders, new.— d o . . . . 52,397 35,657 Orders, unfilled, end of month d o . . . . 48,603 127,734 45,360 58,242 Production . . d o . . . . 48,136 ' 44,448 60,053 Shipments. d o — 47,671 49,553 42,430 Stocks, end of month d o — 49,074 Printing paper: Orders, new d o . . . . 171,048 174,756 152,709 81,449 Orders, unfilled, end of month d o . . . . 110,631 165,581 Production d o — 157,743 195,277 148,520 Shipments d o — 162,048 191,953 151,884 91,502 Stocks, end of month d o — 85,651 ' 80,221 Wrapping paper: Orders, new d o — 187.773 171,950 165,768 99,334 Orders, unfilled, end of month d o . . . . 138,215 176, 775 Production. d o — 163,393 186.799 169,643 Shipments. d o — 164,521 188,076 161, 266 68,960 111,204 Stocks, end of m o n t h , . . . . d o . . . . 118,742 METALS AND MANUFACTURES Castings, steel, commercial: 84, 534 171,265 169,862 Orders, new, total, n e t . . short tons 16,549 9,278 13,546 Railways specialties. do— Production, total do___. 137,428 104,605 135,823 10,744 12,051 33,383 Railway specialities do— » Preliminary. •New series. See note on corresponding item in the January 1943 SURVEY. U. 3 . GOVERNMENT PRINTING O F F I C E ! 1943
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