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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 29, 1942 SUMMARY OP BUSINESS TRENDS Q U T P U T for military use continues to move ahead as an ever-growing number of industries restrict their production for civilian consumption. In general, the formal limitation is being implemented by two procedures. A number of industries are allowed only a fraction of the quantity of certain essential raw materials which they used during a stipulated base period. Producers of the raw- materials—lead, copper, and rubber, are examples—are made responsible for the reduced shipments. In other cases, producers of finished civilian goods are ordered directly to limit their output for civilian consumption. Altogether, 18 industries now fall in this category, some of them, such as the automobile industry, being forced to curtail civilian output completely. A number of the recent limiting orders, like those applying to distilleries, woolen textiles, and radio manufacturers, in-effect simply reserve a substantial proportion of existing capacity for military demand. Little alteration in the character of the facilities is required, and the aggregate activity in such lines will continue high, though inability to obtain scarce raw materials may eventually bring some decline. The construction industry affords a similar instance. Activity for military purposes alone has recently been at an annual rate which exceeds the total for all construction in 1940. On the other hand, nonessential private building is expected to decline considerably as a result of inability to obtain necessary materials. Construction contract awards, as reported for 37 States by the F. W. Dodge Corporation, offers some evidence to this effect. The aggregate of awards in December was $432 million as contrasted with $456 million a year earlier. Moreover, according to the Dodge classification, only one-third of the total represented private construction; whereas in December 1940 private construction accounted for 44 percent of the total. Actually, a sizable amount of the private construction category represents the building, under private auspices, of plant necessary to the armament program. Part is financed by Government funds and part is financed privately. Residential construction is one type of private building which still continues to be large, though less so than a year ago. Residential awards in December, as reported by the Dodge Corporation, were $104 million, about two-thirds of the volume in December 1940. However, public residential awards accounted for most of this decline. Contracts let under private auspices showed little change, being $84 million last month and $89 million a year earlier. Much of this private residential construction consists of essential small units in defense areas. A very large number of these will be required throughout the current year, so the total of this building is expected to continue *l heavy. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (PERCENT OF CAPACITY) FREIGHT-CARLOADINGS (BILLIONS OF KILOWATT HOURS) (THOUSANDS OF CARS) AUTOMOBILE PRODUCTION (THOUSANDS OF VEHICLES) 150 BITUMINOUS COAL PRODUCTION MISCELLANEOUS CAR LOADINGS (DAILY AVERAGE-THOUSANDS OF TONS) (THOUSANDS OF CARS) 120 90 60 30] ___PJ CRUDE OIL RUNS-TO-STILLS 5.0 4.5 4.0 IMIUJONS OF BARRELS-DAILY AVERAGE) COMMERCIAL LOANS F.H.A. HOME MORTGAGES (BILLIONS OF DOLLARS) (NUMBER SELECTED FOR APPRAISAL ON HOMES TO BE BUM ,1942 3.5 3.0 2.5 PRICES OF 3 5 4 INDUSTRIAL STOCKS (1935-39 - ) 0 0 ) WEEKLY WHOLESALE PRICE INDEX, ALL COMMODITIES (1926** 100) 100 95 90 85 80 75 70 , , 1 . . 1. . 1 . . .. 1 . . 1 . . 1 . . 1939 1940 438429—42 .. i , , i . , 1941 t . . .. i . . i . . (942 i , . (939 1940 1941 1942 2 WEEKLY BUSINESS INDICATORS* [Weekly average, 1035-39=100, except as indicated; data beginning January 1939 for most of the series on a 1935-39 base and 1939 and 1940 data for the New York Times index of business activity, also data beginning September 1939 for the price index of 28 basic commodities, are shown in table 32, pp. 24-2G of the November 1941 SURVEY] Business activity: ^ New York Times §.. Barron's, 1923-25=100 Business week§, 1923-25=100. Commodity prices, wholesale: Dept. of Labor: Combined index, 1926=100. Farm products.._... Food Allother 28 basic commodities© Fisher's index, 1926=100: Combined index Copper, electrolytic! .. Cotton, average, 10 markets!... Construction contracts}: Distribution: Carloadings .. Department store sales Jan. Dec. Jan. Jan. Jan. 27 27 25 18 3 Jan. 20 137.4 136.9 122.2 122.3 107.4 108.1 • _. " 1.0 116.4 165.1 162.8 163.2 163.9 145.5 145.7 120.9 121.7 95.6 100.8 94.1 94.4 164.: 164.0 95.0 98.8 92.5 94.3 162.5 94.3 96.9 91.9 94.1 159.3 93.8 95.5 91.2 93.9 158.8 1943 1941 Jan. Jan. Jan. Jan. 24 17 10 Dec. Jan. Jan. 27 25 18 1940 1941 1943 Jan. Jan. Jan. 24 17 10 79.3 80.8 80.6 69.5 72.6 71.4 74.1 73.7 84.4 84.5 120.8121.1 120.2 122.3 102. 5 102. 6 102. 3 101. 101.1 86.1 86.1 85.4 85.4 112.9 112.9 112. 9 112.9 112.9 113. 9 112.9 112.9 116.7 177.4 172.9 168.9 164, 160.3 92.8 92.6 96.9 100.3 96.2 325.1 120.6 127.1 93.0 109.0 107.9 99.7 99.1 124.4 113.0 103. S3 79 90 131 130 107 174 Employment, Detroit, factory, 1923-25=100 Finance: Bond yields! Stock pricesj _ Banking: Debits, outside N. Y. C.t--Federal Reserve reporting member banks: Loans, total Currency in circulation! Failures, commercial, 1939-100. Production: Automobiles .. Bituminous coal! Cotton manufacturing!Electric power Petroleum! Steel© 1940 97.4 82.5 82.5 82.7 83.7 83.5 83.0 83.0 89.6 70.9 72.3 73.1 72.7 70.2 85.7 87.1 99.0 98.5 151.0 137.0 139.7 196.7 173.8 126.1 120.3 102.1 112.5 130.7 132.0 132. 2 132.7 133.6 108.4 108.3 99.6 100.1 174.7 174.5 175.0 176.0 176.7 134.6 134.8 116.1 116.8 85.2 91.9 71.7 48.1 56.9 108.5 100.0 106.7 101.8 98.0 78.0 24.0 145.0 141. 8e 150.9 163.5 164.4 162.0 163.0 154.4 127.8 133.6 127.5 180.8 181.0 178.4 177.9 31.9 125.6 159.1 151.8 128.9 172.9 158.0 160.7 137.9 140. 7 127.0 123.9 132.9 127. 137.9 136.5. ] 140.: i. 7 H I . 5 124.9 125. 5 113.: 114.1 114.1 114.9 174.5 173.4 143.8 148.3 •Data do not cover calendar weeks in all cases. ^Seasonally adjusted. IDaily average. §For New York Times index, computed normal=100; this and the Business Week index have been revised beginning January 1941 to take account of changing conditions resulting from the defense program; the revised series were first published, respectively, in the weekly for Jan. 15,1942, and Nov. 6,1941. ©Thursday prices; August 1939=100. fSeasonally adjusted index compiled by the N. Y. Cotton Exchange. eindex for week ended Jan. 31 is 180.1. WEEKLY BUSINESS STATISTICS* Jan. 24 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York! dol. per lb Cotton, middling, l Mo", average, 10 marketsll T t _do.... Food index (Dun & Bradstrect) ..do Iron and steel, composite dol. per ton.. Wheat, No. 2, Hard Winter (Kansas City).dol per bu_. Banking: FINANCE Debits, New York City mil. of dol.. Debits, outside New York City (140 cities) . . i . - d o . . . . Federal Reserve banks: Federal Reserve bank credit, total i_.do U. S. Government securities ...do Member bank reserve balances _do Excess reserves, estimated _ do Federal Reserve reporting member banks: v Deposits, demand, adjusted... .-..l__do Deposits, time _do Investments, total :.do U. S. Government direct obligations do Obligations guaranteed by U. S. GQvt.-.^.-do Loans, total do Commerc'l, indust'l, and agrieult'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.... pumber. Security markets: Bond sales (N. Y. S. E.) thous. of dol. par value. Bond yields (Moody*s) (120 bonds) percent. Stock sales (JV. Y. S. E.)_ thous. of shares. Stock prices (N. Y. Times)_. dol. per share. Stock prices (Stand, and Poor's) (402) V 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 powerA „ . mil. of kw.-hr., Petroleum! .._ thousrof bbl., Ste*>l® pet. of Rapacity. Construction contract awards _. thous. of dol. Distribution: Freight carloads, 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 calvesf thousands.. Hogsf _ do Wheat, at primary markets thous. of bu. Jan.17 1940 1941 1943 Jan.10 Jan. 3 Dec. 27 Jan. 25 Jan. 18 Jan. 27 1939 Jan. 20 Jan. 28 Jan. 21 0.118 .193 3.47 38.15 1.26 0.118 .188 3.47 38.15 1.26 0.118 .184 3.45 38.15 1.24 0.118 .179 3.43 38.15 1.23 0.118 .174 3.42 38.15 1.21 0.119 .101 2.52 38.24 .84 0.118 .101 2.51 38.33 .84 0.118 - .105 2.35 37.09 0.122 .109 2.34 37.07 0.110 0.110 2.30 36.35 .72 2.30 36.37 .70 3,914 6,325 3,626 5,735 3,515 5,847 4,537 6,867 4,365 7,276 3,259 5,282 3,276 5,040 2,942 4,280 3,656 4,710 3,064 3,872 3,391 4,302 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 2,499 2,243 12,447 3,056 2,256 2,184 14,410 6,864 * 2,254 2,184 14,414 6,896 2,514 2,477 12,148 5,592 2,515 2,477 12,020 5,502 2,583 2,564 9,166 3,597 2,588 2,564 9,130 3,559 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 23,994 5,347 18,851 12,213 2,960 11,442 6,784 1.00 1.25 11,212 • 4.035 161 22,898 5,427 16,397 9,977 2,743 9,287 5,055 1.00 1.25 8,543 •4.034 307 22,703 5,468 16,389 9,965 2,750 9,280 5,040 1.00 1.25 8,552 •4.035 283 19,163 5,254 14,647 8,896 2,412 8,536 4,316 1.00 1.25 7,368 3.978 302 18,979 5,259 14,633 8,913 2,411 8,579 4,330 1.00 1.25 7,408 3.965 16,152 5,179 13,147 8,186 1,733 8,281 3,765 1.00 1.25 6,635 4.675 385 16,124 5,174 13,150 8,182 . 1,732 8,290 3,789 1.00 1.25 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 66.9 46,890 3.39 8,336 78.64 71.1 73.0 65.2 61.3 39,670 3.38 6.825 75.96 69.3 71.6 61.9 58.7 47,520 3.36 2,573 92.78 84.4 83.8 90.9 74.3 49,120 3.36 2,774 94.30 86.1 85.8 91.9 74.0 34,030 3.63 3.128 107.12 96.6 97.0 102.5 76.9 3.64 3,377 106.62 95.9 96.1 102.2 75.9 38,180 3.86 7,657 98.29 92.3 93.5 94.5 71.6 34,430 3.83 4.402 104.10 97.8 99.4 96.7 79.6 79,930 75,625 1,883 3,450 4,046 97.8 60,190 1,842 3,473 4,229 96.4 18,535 1,960 3,289 4.038 96.1 24,620 1,632 3,234 4,081 93.4 121,948 1,650 2,996 3,599 96.5 11,339 124,025 1,609 3,013 3,612 95.9 11,951 106,400 1,727 2,661 3,612 82.2 108,545 1,659 2,674 3.637 84.8 .9,046 89,200 1,453 2,340 3,248 51.2 12,241 90,205 1,383 2,342 3,254 52.7 9,139 811,196 189,019 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 13,024 312,544 606,526 126,085 26,487 29,386 9,698 123,136 11,459 280,275 710,752 168,147 39,008 30,772 10,940 149,862 12,431 299,592 703,497 160,519 38,486 31,295 12,550 147,782 12,508 300,357 650,187 185,672 27,815 30,395 11,200 143,370 8,830 242,905. 648,382 171,872 30,659 28,086 12,481 142,019 10,041 250,324 590,459 144,928 27,917 .32,199 12,966 146,436 7,640 218,373 586,656 135,288 27,244 33,031 13,833 146,591 8,964 221,705 258 444 3,808 253 507 2,585 175 372 3,423 140 263 5,060 182 322 2,471 210 333 2,632 164 413 2,012 178 407 2,127 2,871 2,763 97.7 5,612 30,571 4.678 367 # JDaily average. Data do not cover calendar weeks in all cases. « Free rate. ^Revised series. See table 32, pp. 24-26 of the Nov. 1941 SURVEY for stock prices beginning Jan. 1939 and cotton prices beginning Aug. 1939. ©Rate for week ended Jan. 31 is 97.3; data beginning with July 1941 are based on estimated capacity June 30, 1941 (see note marked with " © " in the Nov. 20, 1941 tComparable data are not available rrior 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 1941 1940 Earlier data are'available in monthly issues of the Decem DecemSurvey and the 1940 Supplement ber ber COMMODITY PHICES 1941 Octo- November ber Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1941 1940 1941 lecem- )ecem- Octo- November ber ber ber COMMODITY PKICES—Continued Wholesale prices (Dept. of Labor indexes): Wholesale prices—Continued Lard, in tierces: Combined index (889 quotations)....1926=10093.6 92.5 80.0 92.4 0.104 Prime, contract (N. Y.) ..dol. per l b . . 0.106 0.050 0.104 Economic classes: .121 .068 .127 .120 Refined (Chicago).. .do.... 93.8 93.9 82.8 94.6 Finished products do. Leather: 90.2 89.7 73.6 92.3 Raw materials do. .345 .415 .415 .415 Sole oak, scoured backs (Boston).dol. perlb.. 89.7 89.9 80.7 90.1 Semimanufactures do .525 .478 .529 Chrome, calf, B, comp dol. per sq. ft.. .522 90.6 90.0 69.7 94.7 Farm products. .-. do.__ .101 .088 .108 Linseed oil, N. Y dol. perlb-. .108 84.3 81.4 67.0 91.0 Grains... do... Livestock: 90.6 94.5 72.7 97.4 Livestock and poultry .do... 11.85 11.40 11.55 12.57 Beef steers (Chicago)... dol. per 100 l b . . 92.7 92.8 82.1 93.3 Commodities other than farm prod.*...do... 12.75 12.61 11.44 Steers, corn fed do. 11.06 89.3 88.9 73.5 90.5 Foods do... 12.60 10.58 13.38 Calves, vealers .do 12.00 96.3 95.2 84.2 95.5 Dairy products ..do... 10.51 6.42 10.71 Hogs, heavy (Chicago).. .do 10.31 77.9 75.8 61.2 73.8 Fruits and vegetables -do___ 6.06 4.10 5.22 Sheep, ewes (Chicago) do 5.44 90.8 93.6 77.0 95.3 Meats.. do... 11.20 9.06 10.63 Sheep, lambs. do 10.57 Commodities other than farm products and Lumber: 93.5 84.1 93.4 93.7 foods 1926=100^ Douglas fir: 107.5 99.3 107.3 107.8 Building materials do Dimension, No. 1, com.*.dol. per M bd. ft.. 29.498 25.970 28.665 28.910 96-6 91.1 96.6 96.7 Brick and tile do Flooring, " B " and better do.-.. 42.336 36.260 41.160 41.160 93.1 90.9 93.4 92.7 Cement. do— 52.830 50.868 50.788 51.165 Southern pine flooring do 128.7 129.4 118.8 129.5 Lumber _ ..do 35.69 35.62 33.58 36.69 Ponderosa pine, 1x8, No. 2, common do 89.8 91.3 77.7 89.7 Chemicals and allied products .do— Meats: 88.3 88.6 85.4 88.4 Chemicals ..do...'. .173 .193 .173 .191 Beef, fresh, native steers (Chi.)...dol. per lb. 123.2 96.2 124.1 Drugs and Pharmaceuticals d o — 123.0 .265 .183 .272 .271 Hams, smoked (Chicago) do_.. 77.3 77.8 70.0 Fertilizer materials.... do.... 77.3 1.503 1.503 1.470 1.503 Nitrate of soda, 95 pet. (N. Y.)_._dol. per cwt. 78.8 78.4 71.7 Fuel and lighting materials do__. 79.6 Nonferrous metals and products: 73.4 66.2 Electricity. — do.... .0931 Aluminum scrap, castings(N.Y.) dol. perlb. .0938 .0970 78.2 77.5 78.9 Gas do.... . 1178 Copper, electrolytic (N. Y.). . . . d o . . . .1178 .1180 .1178 49.5 60.4 59.8 Petroleum products do— 61.7 .0585 Lead, refined, pig, desilverized (N. Y.).do... .0585 .0550 .0585 114.1 114.8 102.3 112.6 Hides and leather products ..do .5200 Tin, Straits ( N . Y . ) . . do... .5200 .5011 .5200 114.0 99.3 113.1 Hides and skins d o — 115.9 .0794 .0825 .0725 .0825 Zinc, prime western (St. Louis).. do... 101.1 94.1 100.9 101.3 Leather do... .195 .195 .193 Brass sheets, mill do... .195 120.5 Shoes... .do... 120.7 107.2 118.8 .140 .140 .115 .145 Oleomargarine, stand., uncolored (Chi.)..do... 100.6 88.9 House-furnishing goods .do... 99.5 101.1 Petroleum and products: 105.2 95.1 104.4 Furnishings do... 105.6 1.110 .960 L110 1.110 Crude petroleum (Kans.-Okla.) .dol. per bbl. 95.8 82.2 Furniture ^_do___ 96.6 94.4 .058 .054 .043 .051 Fuel oil (Pennsylvania)* ...dol. per gal. 103.3 97.6 103.1 103.3 Metals and metal products do.— .149 .149 .123 .149 Gasoline, tank wagon (N. Y.) do... 97.1 95.4 Iron and steel .. do— 97.0 97.0 .060 .060 .045 .060 Gasoline, refining (Okla.) : . d o . . . 84.8 93.4 84.8 Metals, nonferrous do... 84.6 .063 .064 .052 87.9 .064 Kerosene, water white, 47°, refinery do... 80.5 Plumbing-and heating equipment—do... 89.1 87.8 .160 .160 91.1 .090 .160 Lubricants, cylinder, refinery (Penn.)..do._. 74.8 Textile products. do... 90.9 91.8 1.944 97.9 2.163 2.330 1.420 Potatoes, white (N. Y.) dol. per 100 lb. 85.5 Clothing do— 98.4 97.8 105.4 Rayon, viscose, 150 denier, first quality mini74.9 105.2 Cotton goods do.__ 107.5 67.0 .550 .550 .530 mum filament* dol. perlb. .550 60.7 Hosiery and underwear do... 66.6 67.0 30.3 2.64 2.44 1.72 2.89 Rosin, gum " H " (Sav.), bulk..dol. per 100lb. 29.5 Rayon* * do.._ 30.3 30.3 102.6 Rubber, crude, smoked sheets (N. Y.) 89.0 Woolen and worsted goods _do_._ 102.3 102.7 87.3 .231 .232 .208 .241 77.3 dol. per lb. Miscellaneous do 86.4 87.6 67.4 3.080 2.562 3.080 58.3 Silk, raw, Japanese, 13-15 (N. Y.) ..do... Automobile tires and tubes do... 67.4 65.5 102.2 .035 .035 .029 93.1 101.9 .035 Sugar, raw, 96°, centrifugal (N. Y.) .do... Paper and pulp do... 102.5 .052 .052 .043 .052 Sugar, refined, granulated (N. Y.) do... Wholesale prices of individual commodities: .763 .784 .375 .734 Turpentine, gum, spirits (Sav.) dol. per gal. Brick, com., comp. (f. o. b. pi.).dol. per thous. 12.900 12.195 12.886 12.921 .153 .156 .088 .156 Veg. shortenings, tierces (Chi.) dol. perlb. Coal: 3.713 3.463 3.713 3.713 Wood, pulp, sulphite, unbL...,dol. per 1001b. Anthracite, chest, comp.-.dol. per short ton. 10.288 9.793 10.301 10.301 Wool: Bituminous, mine run, comp do... 4.713 4.704 4.393 4.703 1.08 1.11 1.13 Raw, territory, fine scoured dol. per lb. 1.10 4.930 4.618 4.922 Bituminous, prepared sizes, comp do.... 4.925 .46 .49 Raw, Ohio and Penn. fleeces.. do.-. .49 .093 .053 Coffee, Rio. No. 7 (N. Y.) dol. per lb. .093 .091 Suiting, unfinished worsted, 13 oz. (at mill) .170 .102 Cotton, middling (N. Y.) do... 2.228 .179 .171 2.228 1.931 2.228 dol. per yd. Cotton cloth: 1.411 1.411 1.213 1.411 Women's dress goods, Fr. serge..-. do... 20.34 Mill margins cents per lb. 1.800 20.30 14.50 20.45 1.763 1.450 Worsted yarn, 2/32's (Boston)....dol. per lb. 1.800 .081 Purchasing power of the dollar: Print cloth, 64 x 60 dol. per yd_ .080 .054 .083 .095 108.9 Sheeting, unbleached, 4 x 4 do_._ .094 .066 107.6 125.9 109.0 Wholesale prices ..1923-25-=100. 111.9 Cotton yarn: 111.9 130.0 113.4 Retail food prices do... 108.9 .385 22/1 cones (factory)...'. dol. perlb. .396 .395 102.8 145.6 105.7 Prices received by farmers do... 109.5 40/s, southern, Boston .....do... .481 108.9 118.3 110.5 .471 .479 Cost ofliving. _ ..do. .403 Cottonseed oil, refined, summer, yellow, prime .124 (N. Y.) dol. perlb. .129 CONSTRUCTION .059 .131 Dairy products: .35 Butter, 92-score (N. Y.) . do... .35 F. W. Dodge Corporation (37 States): .26 Cheese, No. 1 Amer. (N. Y.) do___ .19 .26 .26 Total projects.. number- 22,941 34,959 40,920 29,150 Milk: Total valuation .thous. of dol. 431,626 456,189 606,349 458,620 Condensed (sweetened) (N. Y.) 275,292 341,893 441,325 309,454 Building, total.... ..do dol. per case5.90 5.00 Construction cost indexes: 5.40 Evaporated (unsweetened) (N. Y.) _.do. _. 3.20 3.85 American Appraisal Co.: 3.85 223 223 212 Fluid, dealers', stand. gr__.dol. per 100 lb. 225 2.24 2.70 2.60 Average, 30 cities _1913=-l00. 219 219 222 .Flaxseed, No. l.CMpis.K ____._-dQl, per bu. .2.00.. ..1,64 . L S7_ Atlanta, _ .... „ _ _ . _ , „ , « . . w i t M . J d 0 L "235^ "238 Grain and grain products: New York .^....."..: do 210 212 209 194 Corn: ,San Francisco _ do. 224 224 226 217 .62 .76 .70 No. 3 yellow (Chicago) do.._ St. Louis. i _ : do. .83 .75 .67 No. 3 white (Chicago)^ do... E. H. Boeckh and Associates, Inc.:f .72 .67 .58 Weighted avg., 5 mkts., all grades...do... Apartments, hotels, and office buildings: Wheat: Brick and concrete: 100.7 98.3 100.7 100. 1.23 1.10 .88 No. 1, Dark Nr. Spring (Mpls.) do... Atlanta ...IT. S. av., 1926-29-= 100. 136.3 136.0 133.5 136.3 .91 1.27 1.13 No. 2, Red Winter (St. Louis) do... New York do... 123.5 122.5 123. 116.1 .83 1.20 1.12 No. 2f Hard Winter (K. C.) .....do... San Francisco do... 122.6 122.5 120.5 121.5 .85 1.15 Weighted avg., 6 mkts., all grades...do... 1.02 St. Louis .do. Wheat flour: Commercial and factory buildings: 6.30 Standard patents (Mpls.) dol. per bbl. 5.75 4.52 Brick and concrete: 102.4 102.1 102.4 4.16 Winter straights (K. C.)-~.do... 5.74 5.48 Atlanta do. 137.0 136.3 137.9 137. Hides: : New York. do. 126.2 126.0 119.0 124.6 .133 .155 Packers', heavy, native steers..-.dol. per lb. .155 San Francisco do... 123.4 123.4 121.0 .218 .213 .218 Calfskins, packers, 8 to 151b ..do.,. 121.7 St. Louis do. Iron and steel: Brick and steel: 102.1 102.1 101.3 99.0 Pig iron: Atlanta do._. 135.8 135.3 132.9 135.8 New York.... do... 23.50 Basic (valley furnace) dol. per long ton. 23.50 22.90 23.50 128.8 128.3 115.5 128.4 San Francisco .do.-. 24.15 24.15 23.15 24.15 Composite.: i._ ...do... 123.2 123.1 120.9 122.8 St. Louis do... 25.89 25.29 25.89 Foundry No. 2, northern (Pitts.)__..do... 25.89 Residences: Steel: Brick: Composite, finished steel dol. per lb.. .0265 .0265 .0265 .0265 100.0 96.7 100.0 97.1 Atlanta __ _ do... Steel billets, rerolling (Pittsburgh) 138.0 130.2 138.0 136. New York do... 34.00 dol. per long ton. 34.00 34.00 34.00 119.5 117.6 109.9 119.0 San Francisco do... .0210 Structural steel (Pittsburgh)...dol. per lb. .0210 .0210 .0210 120.8 120.3 118.4 120. St. Louis.. do. 18.75 Steel scrap (Chicago)-...dol. per long ton. 18.75 20.60 18.75 r Revised. * New series. See note onlcorresponding item in the January 1942 Survey, t Bevised series. See note>n corresponding item in the January 1942 Survey. MONTHLY BUSINESS STATISTICS—Continued Earner data are available in monthly issues of the Surrey and the 1940 Supplement 1941 December 1940 1941 Decem- October ber No v e m b e r - Earlier data are available in monthly issues of the Survey and the 1940 Supplement CONSTRUCTION—Continued FOODSTUFFS—Continued Construction cost indexes: E. H. Boeckh and Associates, Ine.:§ Residences: Frame: Atlanta U. S. av., 1926-29=100.. New York do San Francisco. do St. Louis _' do. Alcoholic beverages—Continued. Distilled spirits: Production thous. of tax gaL Tax-paid withdrawals... do.,.. Stocks.. do.... Whisky: Production—. do.-.. Tax-paid withdrawals do.-.. Stocks do---. Rectified spirits and wines, production, total thous. of proof gal.. Whisky... do.,.. Dairy products: Production: Butter, creamery (factory)...thous. of lb.. Cheese, total (factory) do Condensed and evaporated milk, case goods: Condensed, sweetened thous. of lb_ Evaporated, unsweetened do ... Stocks: Condensed and evaporated milk, case goods: Condensed, sweetened thous. of lb.. Evaporated, unsweetened do 95.1 137.2 114.9 119.8 96.2 129.7 105.8 117.5 98.8 139.7 115.8 119.9 98.8 139.7 117.4 120.3 D O M E S T I C TRADE Newspaper advertising: Linage, total (52 cities) thous. of lines. 125,484 122, 786 123,815 120,624 20,534 21,918 22,010 21,008 Classified _ do... Display, total d o . . . 104, 950 100,868 101,805 99, 615 4,841 5,607 4,124 3,291 Automotive.. do... 1.515 1,742 1,551 1,702 Financial do... 17,047 13, 549 19,993 20,002 General ___ do... 82,910 81,452 74,654 73,258 Retail do... Retail trade: Rural sales of general merchandise: 233.7 243.2 216. 4 287.9 • Total U. S., unadjusted 1929-31 = 100. 256.2 269.1 221.8 317.5 East do... 268.3 330.3 299.9 343.9 South do... 210-6 209.6 187.7 256. 7 Middle West do... 245.2 235.7 233.0 314.7 Far West do... 146A 186.9 166.6 180.1 Total TJ. S., adjusted do... 153.9 208.8 172.3 190.7 East do... 178.7 240.6 202.4 228.9 South do... 135.0 159.0 147.8 104.5 Middle West. do... 150.2 194.3 185.7 192.9 Far West do... E M P L O Y M E N T AND WAGES National Industrial Conference Board: Average weekly hours per worker in factories..: hours. Factory average weekly earnings dollars.. Factory average hourly earnings . .do 40.1 30.28 .754 41.7 - 35.65 .853 41.5 35.74 .860 29.0 25.2 '23.0 189.2 217.7 ' 214. 5 48.6 43.0 '40.8 p 297.0 287.7 303.0 r300.3 M03.6 107.6 76.3 '81.6 p 537.0 505.4 527.0 r 527.7 63 146 540 87 13,469 863 1.161 5,651 4,323 1.471 1,086 57 188 691 102 13,309 665 1,043 5,928 4,097 1,576 (*) •C) FINANCE Banking: Installment loans to consumers:* By credit unions: Loans made mil. of dol. Amount outstanding, end of month mil. of dol.. By industrial banking companies: Loans made do Amount outstanding, end of month mil. of dol.. By personal finance companies: Loans made ..do Amount outstanding, end of month mil. of dol.. Commercial failures :f 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. . Life insurance (Life Insur. Sales Res. Bu.): Insurance written, ordinary, total thous. of dol.. New England.. do Middle Atlantic...: do.... East North Central do West North Central.. do South Atlantic. do " East South Central do. West South Central do Mountain do Pacific _ -Ao'/.V. Security markets: Brokers' Balances (N. Y. S. E. members carrying margin accounts): Customers' debit balances (net) • mil. of dol.. Cash on hand and in banks .do Money borrowed do Customers' free credit balances do 879,492 66,292 251,633 196,569 79,864 90,218 34,154 64,976 20,480 75,306 600 21t 29 57 138 516 358 577 2,879 2,790 729 842 38 51 167 529 57 9,197 448 618 3,827 3,472 832 596,534 658,339 581,692 40,072 51,195 46,258 159,584 181,013 158,819 137,429 152.179 135,360 58,527 59,526 52,792 61,072 66.130 57,874 25,230 24,845 23,383 46,644 45,507 40,553 16,370 16,507 13,910 51,576 61,437 52,743 677 204 427 281 628 414 255 625 195 409 264 ELECTRIC POWER Electric power, production, total mil, of kw.-hr,. By source: Fuel do.... Water power ...do By type of producer: Privately and municipally owned electric utilities. mil. of kw.-hr_ Other producers do._. 15,635 13,456 15,236 r 14,481 11,135 4,500 9,057 4,399 11,034 r 10,395 4,202 '4,086 14,215 1,420 12,119 1,337 13,678 1,558 13,050 r 1,431 4,421 4,521 7,446 3,612 3,779 6,994 4,989 4,920 8,207 3,842 4,074 7,783 FOODSTUFFS Alcoholic beverages: Fermented malt liquors: Production Tax-paid withdrawals Stocks thous. of bbl.. do do. * Revised. • Data for November are the latest available, v Preliminary. •New series. See note on corresponding item in the January 1942 SUBVEY. 1941 1940 1941 Decem- Decem- October November ber Der 18,777 8,586 567,403 15, 760 8,950 522,723 13,632 6,832 511,211 12,316 13,834 11,828 7,323 7,602 8,143 479,102 504,041 505,557 4,593 6,330 5,943 3,767 5,167 5,040 4,583 3,772 30,667 10, £05 555,462 20,768 II, 108 558,967 117,865 126,588 50,345 136,405 78,300 115,160 67,650 7,086 286,899 6,384 148,607 7,999 269,320 8,126 258,203 12,024 328,393 8,047 187,652 11,245 11,906 382,605' 417,616 34,286 42,035 42,697 35,100 55,875 2o,942 46, 695 44,254 36.664 62,788 40,080 52,446 49,227 48,094 43,088 28,102 42,549 40,910 38,104 48,278 481.2 505.3 408.7 257.8 276.1 203.2 403.8 414.2 327.2 408.5 417.4 381.7 3,163 14.654 2,216 4,172 8,563 825 1,768 13,503 2,071 2,239 13, 731 1,955 LUMBER AND MANUFACTURES Oak flooring: Orders, new. Orders, unfilled, end of month Production Shipments Stocks, end of month M bd. ft-. do do ...do do METALS AND MANUFACTURES Foundry equipments New orders, net. total 1937-39=100.. New equipment .do Repairs .do Electric overhead cranes: Orders, new thous. of dol.. Orders, unfilled, end of month do.. -. Shipments do..-. PAPER AND PRINTING Paper: Total paper, inch newsprint and paperboard: Production short tons. Paper, ejccl. newsprint and paperboard:f Orders, new short tons. Production do Shipments do.-Fine paper:f Orders, new do Production do... Shipments _ do-.Stocks,.end of month do... Wrapping paper: f Orders, new do Production __do.-Shipnrents._do Stocks, end of month .do.- - C) () C) C) 8. C) <) (•) C) 908.471 1,242,721 1,156,087 417, 776 565,135 491,932 420,005 571,985 536,820 415, 625 585,139 535,632 40,309 66,982 53,007 42,017 59,607 ' 58,450 41,078 63,826 60,491 67,178 43,923 42,511 156,576 154,819 149, 794 86,875 197,035 171,950 204,790 186,799 205,921 188,076 70, 770 TEXTILE PRODUCTS Cotton: Stocks, domestic cotton in the United States: 13,658 15,014 Warehouses ._ ..do 13,268 13,915 2,299 Mills do.-. 1,906 2,165 1,773 Rayon: •. Deliveries (consumption), yarn*..mil. oflb.. 38.5 34.0 4L7 Stocks, yarn, end of mo. do 6.3 3.8 4.5 5.4 TRANSPORTATION EQUIPMENT Automobile production: Canada* total. _ ...number.. 20,313 23,364 19,360 21,545 6,651 11,653 Passenger cars do 7,003 5,635 United States (factory sales), total do..-. 282,205 483,567 382,000 352,347 174,962 396,531 295,568 256,101 Passenger cars.. do Trucks do... 107,243 87,036 86,432 96,246 Railway equipment: Association of American Railroads: Freight cars, end of month: Number owned thousands.. 1,694 '1,689 1,682 1,644 Undergoing or awaiting classified re109 - pairs thousands.. 6.8 3.7 Percent of total on line 4.1 4.1 Orders, unfilled cars— 73,697 34,202 78,974 75,559 50,661 25.866 -Equipment manufacturers do 57,584 52,563 8,336 21,390 22,996 23,036 Railroad shops do Locomotives, steam, end of month: Undergoing or awaiting classified re5,914 3,778 3,370 pairs ..number.. 3,634 14.9 9.6 8.6 Percent of total on line. _ 9.2 115 284 258 Orders, unfilled. _ number.. 281 102 240 237 E q ui pment manufacturers do 256 44 13 21 Railroad shops do 25 U. S. Bureau of the Census: Locomotives, railroad: Orders, unfilled, end of mo., total 1,213 number.. 921 354 1,022 526 Steamf do 268 144 364 Othert do.... 210 687 653 658 70 96 Shipments, totalf ....do 102 89 24 Steamf do--. 22 27 15 46 74 Otherf do.... 75 74 fRevised series. See note on corresponding item in the January 1942 SUBVEY. §See note on corresponding item in the January 1942 SURVEY. U. S. GOVERNMENT PRINTING OFFICE) 1 » * I
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