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CIO SURVEY OF CURRENT BUSINESS (CX/) WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C., JANUARY 7, 1943 SELECTED BUSINESS INDICATORS S T E E L INGOT PRODUCTION (1935-39- 100) ELECTRIC POWER PRODUCTION BITUMINOUS COAL PRODUCTION, (BILLIONS OF KILOWATT HOURS) (DAILY AVERAGE-THOUSANDS OPTO<fe> 1 1942 1940 J 1941 , , a 1 , , 1 , , ! ' . . . PRICES OF 354 INDUSTRIAL S T O C K S FACTORY WAGE EARNERS AND WEEKLY WAGES (1939- 100) WEDNESDAY CLOSE " V - i j ^ J 1 . 1 , , 1 1 , 1 1 . J . , . 1 , , 1, * 1 , , 1940 1939 « . i", 1 , , i 1 1 ! 1 1 1 M I I.L 1942 1941 WEEKLY BUSINESS STATISTICS 1943 1941 1943 1943 1941 1942 Jan. 2 Dec. 26 Dec. 19 Jan. 3 Dec. 27 Jan. 2 Dec. 26 Dec. 19 Jan. 3 Dec. 27 Commodity prices, wholesale: fl01.2 *100.7 All commodities 1926=100. 94.3 115.2 113.3 Farm products ..do... 96.9 95.5 91.9 104.6 104.2 Food ..do... 91.2 &i.l *96.2 J>96.2 All other do,.. 93.9 28 basic commodities©...August 1939=100.. 172.9 172.7 172.0 159.3 158.8 .179 .197 . 19S Cotton, mid. 10 mkts.j-.dol. per l b .201 • 174 1.23 1.31 1.32 Wheat, No. 2, hd. win. (K.C.).dol per bu_. 1.21 302 107 199 Department store sales 1935-39=100.. 174 Finance: Bank debits, member banks in 101 cities:! Total....... mil. of dol.. 11,384 12,911 11,760 10,859 11,025 4,713 . 5,220 4,647 4,433 4,275 N e w York City do 15,544 15,313 15,119 11,169 11,212 Currency in circulation? do 6,428 6,292 6,055 2,361 2,499 Federal Reserve bank credit, total. do Member bank reserve balances do 12,788 13,129 13,517 12,450 12,447 1,656 2,192 2,637 3,085 3,056 Excess reserves, estimated do Finance—Continued. Federal Reserve reporting member banks: Deposits, demand,, adjusted..mil. of dol.. 28,257 28,504 29,120 23,650 23,994 41,467 40,457 39,829 30,08T, 30,293 L o a n s a n d i n v e s t m e n t s , total do 27,832 26,510 26,317 15,049 15,173 V. S. Govt, obligationscf do Commercial, industrial, and agricultural loans mil. of dol.. 6,068 6,165 6,105 6, 726 6,784 161 81 115 136 105 Failures, commercial number.. 3.3S 3.39 3.32 3.33 Bond yields (Moody's)% percent.. " 3.32 71.1 69.3 77.0 75.6 Stock prices (Stan. A Poor)A.1935-39=100.. ~ 77.4 Production: 1,720 1,913 1,962 1,684 Bituminous coalj .thous. cf short tons.. 3,675 3,976 3,2S9 3,234 Electric power mil. of kw-hr.. 3.881 3,892 4,038 4,081 Petroleum! thous. of b b L . Steel® .1935-39=100.. 188.2 188.0 188.6 177.9 172.9 677 607 743 592 Freight carloading§, total thous. of cars_ 313 290 Miscellaneous. _ do— • D a t a do not cover calendar weeks in all cases. * Preliminary. ©Thursday prices. {Daily average. JDebits to demand deposit accounts, except interbank and U. S. Government accounts, in 101 cities. ©Index for week ended January 9,185.9. ^Direct and guaranteed. A402 stocks. J V I O N T H L U B U S I N E S S - S T A H S I I C S 1942 Earlier data are available in monthly issues of the Survey and the 1942 Supplement 1941 Novem- November ber BUSINESS INDEXES Cash income from farm marketings :f Crops and livestock, combined index: Unadjusted 1935-39= 100.. p 265.5 182.0 p 225.0 Adjusted... .do 153.0 > 248. 5 Crops .do 155.0 p 209.5 Livestock and products do 151.0 Dairy products d o . . . , J> 168.5 145.0 p 242.0 do 154.5 x Meat animals 155.0 Poultry and eggs _„.do_.. >204.0 COMMODITY PRICES Cost of living (N. I. C. B.): Combined i n d e x . . . _1923«100.. 100.3 92.9 Clothing do 88.5 70.6 Food do... 106.5 92.2 Fuel and light _do 90.5 90.2 Housing _do 90.8 89.5 Sundries do 106.2 101.9 DOMESTIC TRADE Newspaper advertising: Linage, total (52 c i t i e s ) . _ _ t h o u s . of lines.. 119,063 120,634 Classified do._.. 22,996 21,003 Display, total do 96,067 99,615 General. .._ _.do 21,775 20,002 RetaiL.. d o . . . . 70,035 73,258 1943 1942 S Term" 0ctob Earlier data are available in monthly issues of the Survey and the 1942 Supplement <* 1942 EMPLOYMENT AND WAGES 260.0 207.5 222.5 197.5 166.0 227.0 181.0 295.5 * 211.0 225.0 •"201.5 r 167.5 r 230.0 194.0 98.6 88.4 102.8 90.5 90.8 104.7 '99.7 88.5 105.4 90.5 90.8 '105.4 104,506 22,658 81,847 15,572 62,695 r Employment: Estimated civilian labor force, employment, and unemployment: Labor force (Bu. of the Cen.)*~.millions.. Employment* do... _ Agricultural* do Nonagricultural*... do— Unemployment* .do— Employees in nonagricultural estab.:t Unadjusted, total (U. S. Dept. of Labor) thousands.. M anufacturing. do Mining .. do— Construction.. do— Transportation and public utilities thousands. . Trade. do.... Financial, service, and misc do— Government do— Adjusted (Federal Reserve) do— Manufacturing do— Mining. .do Construction do— Transportation and pub. u t i l „ . . d o — Trade. do.... 117,442 24,071 93,371 19,781 69,953 r Revised, p Preliminary. * N e w series. See note on corresponding item in the December 1942 Survey. t Revised series. See note on corresponding item in the December 1942 SURVEY. , 502976—43 1941 Novem- Novem- Septem- October ber ber ber p 54.5 p 52.8 * 9.8 P 43.0 * 1.7 54.1 50.2 9.0 41.2 3.9 54.1 52.4 10.2 42.2 1.7 54.0 52.4 10.5 41.9 1.6 38,437 15,436 893 1,810 35,926 13,563 930 2,091 38,348 15,233 910 2,185 r 38,478 ' 15,313 e 902 ••2,028 3,517 6,773 4,295 5,713 38,232 15,354 SS4 1,803 3,502 6.676 3,382 7,146 4,229 4,535 35,739 13,535 969 2,054 3,369 7.043 3,542 6,561 4,397 5,520 37,618 14.979 900 1,959 3.482 6w523 ' 6^697 '4,327 ' 5,672 ' 37,964 r 15,164 r ••888 1,902 'r 3,466 6,61® 2 MONTHLY BUSINESS STATISTICS—Continued 1942 Earlier data are available in monthly issues of the Survey and the 1942 Supplement 1941 Novem- November ber 1942 Se blrm" 0 ^°ber EMPLOYMENT AND WAGES-Con. Employment—Continued. Wage earners, all manufacturing industries, 156.6 unadj. (U. S. Dept. of Labor)t-1939= 100. 201.5 Durable goods. do 165.9 Iron and steel do Blast furnaces, steel works, and rolling 133.6 mills ...1939=100.. 236.9 Electrical machinery do 214.9 Machinery, except electrical.do Machinery and machine shop prod225.4 ucts.... ..-1939=100..; 122.1 Automobiles do Transportation equipment, except automobiles -1939^100.. 1.161.7 163.6 Nonferrous metals and products.. .do 113.1 Lumber and timber basic prod do 100.8 Sawmills do Furniture and finished lumber prod* 104.7 ucts. ...1939=100.. 105.7 Furniture do 120.7 Stone, clay, and glass products do 121.2 Nondurable goods do Textile-mill products and other fiber 110.0 manufactures 1939=100.. Cotton manufactures, except small 127.8 wares 1939=100.. 82.7 Silk and rayon goods do Woolen and worsted manufactures (except dyeing and finish118.2 ing) 1939=100_. Apparel and other finished textile prod104.6 ucts 1939=100.. 107.6 Men's clothing do 91.9 Women's clothing . do 102.7 Leather and leather products do 93.5 Boots and shoes do 125.7 Food and kindred products do 113.9 Baking do 112.4 Canning and preserving do 146.0 Slaughtering and meat packing..do 106.5 Tobacco manufactures do 113.0 Paper and allied products do 109.8 Paper and pulp do 100.8 Printing and publishing do 233.8 Chemicals and allied products do 159.7 Chemicals do 116.8 Products of petroleum and c o a l . . . d o 107.1 Petroleum refining do 137.2 Rubber products do Rubber tires tind tubes do 138.6 Nonmanufacturing, unadjusted (U. S. Department of Labor): Mining: Anthracite 1929 - 1 0 0 . _ 46.4 89.4 Bituminous coal do..— 77.4 Metalliferous do Crude petroleum producing do 55.0 Quarrying and nonmetallic do 48.5 Public utilities: 81.3 Electric light and power r._.do Street railways and busses 76.1 Telephone and telegraph .do.. 92.9 Services: 119.6 Dyeing and cleaning "_ do.. 114.0 Laundries do__ 95.3 Year-round hotels do__ Trade: 96.6 Retail, total—. do 131.0 General merchandising do 89.8 Wholesale.— do Pay rolls: Weekly wages, all manufacturing industries, 270/8 unadj. (U. S. Dept. of Labor) t-1939=100.. 367.5 Durable goods do 268.7 Iron and steel __do Blast furnaces, steel works, and rolling 204.6 mills.. 1939=100.. 393.6 Electrical machinery do 373.9 Machinery, except electrical do Machinery and machine shop prod380.7 ucts... 1939=100.. 216.2 Automobiles do Transportation equipment, except automobiles . . . 1939=100— 2,214.6 272.4 Nonferrous metals and products.-do 172.9 Lumber and timber basic prod....do 156.2 Sawmills do Furniture and finished lumber prod158.9 ucts. 1939=100.. 158.3 Furniture do.... Stone, clay, and glass products do 172.7 Nondurable goods do 176.2 Textile-mill products and other fiber manufactures 1939=100.. 172.7 Cotton manufactures, except small wares -1939=100.. 212.5 ' Revised. F R evised series. Earlier data are available in monthly issues of the Survey and the 1942 Supplement 1942 November 1942 1941 Novem- S ber Xrm* 0ctobe ' E M P L O Y M E N T A N D WAGES—Con. 138.4 164.2 151.5 ' 154. 5 ' 194.1 * 163.6 ' 155.3 ' 198.1 ' 165.0 139.4 137.0 220.3 ' 207. 4 ' 135.2 229.1 ' 217.4 186.2 174.2 ' 222.0 178.8 142.5 ' 217.5 114.8 495.5 155.6 122.3 109.9 1,062.9 ' 1,113.8 ' 162.0 ' 161.5 115.1 117.5 ' 102. 5 105.0 123.4 125.4 132.4 - 107.9 ' 107.2 ' 118.8 118.1 ' 123. 2 ' 106.6 T 108.4 ' 120.7 ' 121.5 113.3 109.5 ' 109. 7 125.5 85.0 127.6 81.9 127.6 '83.2 121.2 127.1 120.3 '118.7 112.2 116.1 99.1 106.5 96.3 117.2 105.7 107.8 128.5 107.2 ' 112. 5 92.6 100.9 91.7 145.0 r 113.6 ' 239. 7 147.3 ' 105.2 ' 106.7 ' 110.8 106. 5 133. 6 125.2 ••109.7 T 96.6 ' 220. 3 'r 159. 2 119.4 ' 110.3 ' 130.2 ' 129. 3 '93.0 '100.9 >•91.3 ' 131.6 114.7 ' 146.4 ' 144.5 '106.5 111.3 '109.5 ' 98.9 ' 227.1 ' 158.9 ' 117.9 ' 108.4 ' 134.0 '134.0 50.2 95.1 79.5 60.9 52.6 46.7 91.6 78.6 55.8 50.7 46.3 '90.6 '77.7 '55.4 50.0 93.4 70.2 90.1 84.2 75.7 93.6 '82.6 117.2 108.9 96.1 123.0 116.4 93.9 '124.8 '115.9 '95.6 103.0 125.9 96.3 112.0 '121.1 89.4 '90.0 200.4 ' 252.5 ' 337.2 ' 255.5 '260; 9 '350.2 '263.1 182.2 250.5 241.7 ' 199.7 358.9 ' 343.0 '200.7 372.1 '365.0 247.3 194.1 '354.8 1$3.3 '371.3 '192.4 735.9 203.8 147.2 132.1 1,976.8 'r 259.2 173.9 '158.4 2,039.1 '267.3 ' 179.3 '163.0 156.4 161.5 159.9 143.0 r 152.7 '154.5 '162.3 ' 169.6 '164.9 '172.4 '173.6 14G.3 164.2 ' 170.1 173.0 208.1 ' 210.1 105.6 124.1 119.2 105.8 162.0 151.4 116.2 185.0 228.0 110.0 91.7 '75.9 '93.3 '94.6 ' 162.3 Pay rolls—Continued. Weekly wages—Continued. Nondurable goods—Continued. Textile-mill products, etc.—Continued. Silk and rayon goods —.1939=100. Woolen and worsted manufactures (except dyeing and finishing) 1939=100.. Apparel and other finished textile products 1939=* 100. Men's clothing do Women's clothing do_.. Leather and leather products do... Boots and shoes do... Food and kindred products do... Banking do.— Canning and preserving do... Slaughtering and meat packing. . d o . . . Tobacco manufactures do... Paper and allied products do—. Paper and pulp do... Printing and publishing do.Chemicals and allied products do... Chemicals ..do Products of petroleum and coal 1939=100Petroleum refining do.~ Rubber products. do Rubber tires and tubes do.... Nonmanufacturing, unadjusted (IT. S. Department of Labor): Mining: Anthracite 1929=100.. Bituminous coal..-. do Metalliferous do Crude petroleum producing do J Quarrying and' nonmetallic. _ — d o — . " Public utilities: Electric light and power ..do.. Street railways and busses... . . d o Telephone and telegraph ..do.. Services: Dyeing and cleaning ..do., Laundries .doYear-round hotels do... Trade: Retail, total do... General merchandising do... Wholesaledo... FOODSTUFFS Fermented malt liquors: Production thous. of bbl. Tax-pald withdrawals do__. Stocks do... Distilled spirits: Productionj thous. of tax gallons. Tax-paid withdrawals do... Stocksf do... Whisky; Production do... Tax-paid withdrawals : do... Stocks do... Meats, production, total mil. of lbBeef and veal •___.thous. of lbLamb and mutton ___ do... Pork, including lard do... Lard do... Coffee, visible supply, U. S—..thous. of bags. PAPER AND PRINTING Wood pulp: Production, total, all grades short tons. Sulphate, total do... Unbleached do._ _ Sulphite, total... do.._ Bleached do... Soda do... Ground wood do... Stocks, end of month, total, all grades _ - d o . . . Sulphate, total do... Unbleached. do... Sulphite, total ..—do... Bleached — do... Soda : ...do... Groundwood do.. FUELS AND BYPRODUCTS Coke: Production: Beehive thous. of short tons.. By product ...do— Stocks, end of month: Byproduct plants, total do— At furnace plants —do— At merchant plants. —do— 110.0 200.9 173.9 196.3 142.5 145.5 123.8 150.3 136.6 165.5 143.9 179.6 181.4 157.5 160.9 161.7 119.1 356.8 236.6 129.3 140.0 106.5 130.0 117.0 132.8 135.4 143.4 130.3 152.4 151.3 115.0 209.1 190.4 ' 137.5 '142.5 116.3 143.2 134.9 '177.5 ' 140.7 ' 373.4 173.0 ' 144.2 144.3 ' 148.5 '109.0 '331.7 ' 222.1 162.5 149.2 201.4 194.7 136.8 124.2 162.6 149.7 ' 158.6 ' 144.3 '182.9 '177.3 49.5 124.1 41.8 116.4 89.8 64.2 57.5 106.9 62.6 66.7 118.6 50.3 122.2 103.0 64.5 67.5 97.8 129.0 115.2 80.0 122.9 112.5 93.6 130.5 107.5 118.3 104.3 93.0 101.9 93.2 107.9 117.3 98.5 99.1 130.0 90.0 98.5 117.8 91.6 93.1 112.4 92.4 4, 705 4,717 8,253 '3,881 ' 4,123 ' 7,759 fi, 587 Ti, 208 8,593 108.6 4,071 20,768 8, 5S3 ' 11,115 499, 350 558,967 0,526 15,129 521,243 0 ' 11,829 5,656 ' 8,149 480, 325 '505,537 1,553 1,394 548, 612 535,884 82,547 57,244 922,019 800,819 145, 578 141,579 361 1,393 4,945 10,068 500,147 1.449 641,531 86,982 720,437 118,236 539 759,478 340, Oi8 282,374 216.701 134,514 45,925 136,023 157,200 67,600 58,900 37,600 20,300 4,800 44,500 883,813 378,087 324,352 259,685 143,458 53,594 172,420 96,400 15,100 10,300 41,300 24,300 3,200 35,800 771,499 363,177 303,155 227,033 133,135 44,562 119,270 182,400 76,100 69,400 42,000 26,400 5,100 57,200 664 5,191 561 4,839 5,163 1,646 917 728 817 851 1,614 1,021 593 See note on corresponding item in the December 1942 SURVEY. 1 Not including high-proof spirits produced at registered distilleries beginning March 1942. U. S. GOVERNMENT PRINTING OFFICEt 1943