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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C, JULY 3, 1941
SUMMARY OF BUSINESS TRENDS
B
USINESS registered another strong advance in June, with
rising prices and material scarcities indicating that higher
consumer and defense requirements are pressing upon supplies
with growing intensity. Contraseasonal gains in most major
industries reflect the drive for higher output—a force that will
be a potent influence during the summer months when activity
usually declines.
Steel ingot production moved closer to rated capacity, averaging better than 99 percent for the month as a whole. In the
final week of June the operating rate reached 99.9 percent of
capacity. Despite high output, demand continued to outrun
supply and a general steel preference order was applied to the
industry at the beginning of the month. Further measures
designed to facilitate steel procurement for defense included the
first allocation of defense orders among producers so as to assure
improved deliveries^ arid Jhe initial steps.in,a move to convert
sheet and strip rolling mill facilities to the production of urgently
needed plates. The supply situation with respect to other basic
metals is indicated by the extension of full priority control over
copper, zinc, and aluminum scrap during the month.
That steadily increasing quantities of metals are being used is
evident from the trend of manufacturer's shipments and inventories. The sharpest increases shown in the latest month's
report were in the metal-using industries—railroad equipment,
ordnance, aircraft, and machinery. Expanding inventories of
both materials and goods in process are necessary to sustain the
expansion in production in these industries, though it should be
pointed out that the increase in inventory is by no means all
traceable > to this source. There was a general increase, only
partly accounted for by the rise in prices now being reflected iii
inventory valuations.
Prices moved sharply upward in June under the influence of
heavy demand and, to a lesser
extent, of growing shortages.
The Bureau of Labor Statistics1 wholesale price index (1926= 100)
has advanced about 10 percent since the beginning of the year,
with most of the rise concentrated in the last 2 months.
Practically the entire list of commodities advanced during
the period with farm product and food prices rising most
sharply.
The Office of Price Administration and Civilian Supply entered
the retail price field for the first time when it placed a ceiling on tire
prices during the month. Suggested reductions in automobile and
furniture prices were not agreed to by the industries concerned,
leading to the announcement in the case of automobiles that
ceilings would be placed on prices of some models. Ceiling prices
on 6 types of cotton grey goods ranging from 13 to 26 percent
below previous selling levels were established on June 28. This
action was accompanied by the announcement that a lower ceiling might be placed on cottonseed oil.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
ELECTRIC POWER PRODUCTION
FREIGHT-CARLOADINGS
(PERCENT OF CAPACITY)
(BILLIONS OF KILOWATT HOURS)
(THOUSANDS Of CARS)
120
100
80
/
\
\
60
40
-1939
20
—
i
»
^
,
\
1
i
i
i
i
i
AUTOMOBILE PRODUCTION
BITUMINOUS COAL PRODUCTION
MISCELLANEOUS CAR LOADINGS
(THOUSANDS OF VEHICLES)
(DAILY AVERAGE-THOUSANDS OF TONS)
(THOUSANDS OF CARS)
CRUDE OIL RUNS-TO-STILLS
F. H A . HOME MORTGAGES
' COMMERCIAL LOANS"
(.MILLIONS OF BARRELS-DAILY AVERAGE)
(BILLIONS OF DOLLARS)
(NUMBER SELECTED FOR APPRAISAL ON HOMESTOBE BUM
10000
• 8000
1941
1941 ^
60.00
[y~£$94o*
4000
1939
2000
CrT*
1939 •*
1
(1923-E5- 100)
1938
1939
1940
X
.
1
.
.
i
.
,
WEEKLY WHOLESALE PRICE INDEX, ALL COMMODITIES
(1926- 100)
FACTORY EMPLOYMENT AND PAYROLLS
326733—41
•
1941
1938
1939
1940
1941
WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=100, except as indicated]
1941
1939
1940
1941
Business activity:!
New York Times§
Barrons'
Business Week
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, middling, spot..
Construction contractst.
Distribution:
Carloadings..
•Department store salesA
Employment, Detroit, factory.
Finance:
Bond yieldsj
131.4 130.7 128.0 129.3 109.6 109.2 95.9 95.8
138.0 134.9 134.6 134. 6 113.1 111. 7 94.4 93.2
153.6 151.4 148.7 148.3 125.9 125.1 101.4 101.2
77.1
65.6
70.1
82.4
144.0 142.9 110.2110.9
75.5
62.9
67.4
80.5
75.5
62.7
67.4
SO. 6
95.1 94.3 93.4 92.8 92.4 82.1 82.3
85.5 85.5 85.5 85.5 85.5 79.0 81.2
5S.1 55.1 53.7 51.5 50.0 40.8 40.8
161.5 100.1 74.3
78.8
71.0
35.7
103.3
78.9
71.0
36.8
51.5
87.2
83.0
83,7
89.0
149.1 146.
86.7
81.1
82.6
88.8
03.0 90.6
120
126.7
85.9
77.1
79.6
65.7
81.5 79.2 69.7
88.4
82.3
127
84.2 79.0 76.5
92
109
89
123.8 96.0
67.0
84
1939
1940
June June June June May June June July June
1
24
28 21 14
7
31 29
J u n e June J u n e J u n e M a y June J u n e July June
1
24
22
28
21
14
7
31
"
29
Finance—Continued.
Stock prices!
Banking:
Debits, outside N. Y. C 4 — Federal Reserve reporting
member banks:
Loans, total
._
Interest rates:
Call loanst
Time loansj
C urren ey in ciculation%
Production:
Automobiles
_.
Bituminous coalt...
__
Cotton consumption!
__
Electric powers
Lumber...
._
Petroleumt
Steel ingots®
Receipts, primary markets:
Cotton...
Wheat
92.3
90.9 88.3 86.8 92.8 93.5 97.4 100.1
121.1 133.9 111. 8 122. 7 115.8 90.2 103.2 94.2 95.7
82.1 81.9 81.5 81.8 67.5 67.6 64.7 64.6
24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6 2S.6 28.6 28.6 28.6 28.6
195.9 194.4 193.7 193.5 191.6 160.8 159.6 144.3 143.0
162.7 169.9 171.3 170.0 135.3 111. 4 114.5 89.9 103.1
1.4 93.8 103.8 78.9 77.3 65.4 62.5
100.8
195.i.22 182.8 179. 6 127.2 124. 5 116.2 118.9
!.9 142.8 137.3 124.9 124. 6 112.5 110.9
143.5 143.9
58.1 53.0 50.7 44.7 44.9 52.7 42.6 50.5
191. 3 189. 6 189.3 187.7 ISO. 5 190. 7 171.7 171.2
175. 7 174.2 173.5 174.L 5 173. 5 148.3 150.4 93.3 94. 5
58.8
55.0 42.3 54.6 39.2 31.5 3
204.6 135.3 87.0 110.1 104.7 62.9 31.3 230.4 167.4
• D a t a do not cover calendar weeks in all cases.
^Seasonably adjusted.
{Daily average.
cTWeekly average, 1935-39=100.
§ C o m p u t e d normal-* 100. Index revised beginning J a n . 8,1938; revised data not given in the issue for J a n . 23. 1941, and subsequent issues will be shown later.
<8>Index for week ended July 5 is 104.8. D a t a for 1941 are based on production of steel ingots and steel for eastings.
© T h u r s d a y prices; August 1939=100.
A W e e k l y average 1935-39-100. T h e index is compiled b y the Board of Governors of the Federal Reserve System; it is not adjusted for seasonal variations.
64.1 64.3 64.3
58.4
WEEKLY BUSINESS STATISTICS
1941
June 28
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New Yorkt
dol. perlb..
Cotton, middling, spot, New York
do
Food index (Bun & Bradstreet)
do
Iron and steel, composite
dol. per 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;
Federal Reserve bank credit, total
do
U. 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, totals
do...
U. S. Government direct obligations
do...
Obligations fully guaranteed by TJ. S. Government
mil. of dol..
Loans, total§
do—
Commercial, industrial, and agricultural loans§
mil. of dol..
Interest rates, call loanst...
percentInterest rates, timeloanst...
do
Exchange rates: Pound sterling?
dollars..
Failures, commercial
_,.number..
Currency in circulation!
.mil. of dol..
Security markets:
Bond sales (N. Y. S. #.)_..thous. of dol. par value..
Bond yields (Moody's) (120 bonds) X
-. .percent..
Stock sales (AT. Y. S. £.)„thous. of shares..
Stock prices (N. Y. Times)t
..dol. per share..
Stock prices (Standard and Poor'*) (420).... 1926=100Industrials (350)
do....
Public utilities (40)
do
Railroads (30)
do.
PRODUCTION, CONSTRUCTION, AISD
DISTRIBUTION
Production:
Automobiles!
number..
Bituminous coalj
.
thous. of short tons..
Electric powerA
mil. of kw.-hr__
Petroleumt
thous. of bbl_.
Steel ingots®
.pet. of capacity..
Construction contract awards*
thous. of doL.
Distribution:
Freight-carloadings, total
cars..
Coal and coke
•
s
_
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..
Hogst
do
Cotton into sight
thous. of bales—
Wheat, at primary markets
thous. of bu._
June 21
June 14
1940
June 7
1939
May 31
June 29
June 22
July 1
1938
June 24
July 2
0.118
.158
3.08
38.15
0.118
.150
2.99
38.15
.94
0.118
.146
2.97
38.15
0.118
.140
2.96
38.15
.93
0.118
K 136
F2.93
38.15
0.109
.111
2.20
37.76
.75
0.112
.111
2.18
37.80
.76
0.098
.097
2.18
35.72
.70
0.09S
.100
f2.18
35.72
.69
0.088
.090
2.40
36.29
.73
0.088 ,
3,518
5,614
4,310
6,210
3,438
5,181
4,542
5,685
3,930
5,367
2,887
4,179
3,392
4,366
3,425
4,438
3,272
3,798
3,164
3,951
2,249
2,184
12,985
5,145
2,241
2,184
13,131
5,314
2,240
2,184
13,201
5,407
2,231
2,184
13,749
5,824
2,584
2,564
10,099
4,227
2,590
2,564
8,041
2,900
2,591
2,564
7,922
2,782
23,872
5,407
17,893
11,249
23,888
5,416
17,878
11,156
24,311
5,425
17,689
10,974
2,511
2,473
13,723
6,801
20,681
5,312
15,146
9,202
2,567
2,551
10,116
4,243
24,046
5,410
17,955
11,274
2,249
2,184
13,312
5,488
24,071
5,408
17,893
11,196
3,589
4,788
2,539
2,473
13,712
6,767
20,495
5,306
15,152
9,226
17,220
5,237
13, £62
8,423
17,238
5,238
13,851
8,404
15,036
5,239
12,240
7,770
14,936
5,242
12,293
7,782
3,030
10,324
3,038
10,262
3,037
10,238
3,030
10,183
3,022
10,226
2,408
8,435
2,400
8,444
2,148
2,127
8,072
1,488
8,321
1,481
8,279
5,825
1.00
1.25
°4,030
229
9,515
5,792
1.00
1.25
*4.032
230
9,439
5,764
1.00
<* 4.032
230
9,406
5,706
1.00
1.25
•4.032
218
5,673
1.00
1.25
<*4.033
221
9,302
4,399
1.00
1.25
• 3.793
286
7,809
4,387
1.00
1.25
« 3.616
296
7,752
3,833
1.00
1.25
4.681
264
7,005
1.00
1.25
4.681
310
6,943
3,936
1.00
1.25
4.955
3,916
LOO
1.25
4.960
6,461
6,408
51,590
3.32
2,704
89.60
76.1
89.5
69.3
26.8
31,410
3.33
2,259
88.95
76.1
89.4
70.0
26.6
33,9*50
3.35
3,000
88.24
75.6
88.6
70.7
26.8
27,590
3.36
2,215
85.77
73.3
85.5
69.3
26.5
21,920
3.37
1,481
84.28
72.5
84.9
57.0
26.2
24,370
3.64
3,585
90.12
74.2
85.2
78.1
23.4
25,900
3.70
3,611
90.82
76.3
88.3
77.4
23.9
28,970
3.71
3,126
94.63
82.8
96.7
81.9
24.4
27,040
3.71
2,412
97.22
85.7
100.2
84.4
25.4
49,520
4.33
12,133
95.05
85.4
102.2
75.7
25.5
43,610
4.45
10.113
88.21
78.6
93.5
72.6
22.2
127,926
133,565
1,717
3,056
3,858
99.0
134,682
1, 692
3,066
3,823
98.6
133,645
1,597
3,042
3.817
99.2
106, 395
1,767
2,924
3,786
98.6
25,927
87,550
1,344
2,660
3,640
865
16,068
90,060
1,316
2,654
3,846
87.7
11,928
70,663
1,114
2,396
3,463
54.3
16,592
81,070
1,C65
2,362
3,453
55.0
8,269
43,945
S90
2,074
3,059
28.7
11, 051
42.918
866
2,082
3,084
28.0
8,847
885,558
174,689
43, 555
46, 574
159, 765
75, 661
376, 225
862,975
171,786
42, 488
37,0G6
10,007
159, 597
73,549
368, 542
852,940
164,4C0
42.168
35,562
10,264
159, 712
78,522
362,312
801, 783
158, 225
39,196
36,143
8,973
143, 327
70,145
339, 774
752, 326
134,356
35,884
44,778
11,041
149,432
67,43S
309, 397
728,493
134,262
34,236
33,656
10,553
148, 782
68,242
298, 762
661,404
110, 774
33,010
51, 491
10,415
153,457
44,102
258,155
638,534
102,699
30, 527
46,981
10, 272
151, 864
41,417
254, 774
588,880
97,618
27, 795
50,953
9,682
146,941
24,623
231, 268
558,788
90, 772
26,631
41,985
10, 582
145, 466
22,771
220,581
191
251
193
10, 761
195
278
143
6.920
195
300
. 110
8, 756
171
231
142
a 331
102
5,005
178
338
82
2,487
78
18,232
82
13,313
9; 020
59
4,718
99.9
153
16, 277
•1.25
#
JDaily average.
Data do not cover calendar weeks in all cases.
^Source: Ward's Automotive Reports.
§Data 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.
<S>Rate for week ended July 5 is 93.7; data for 1941 are based on capacity Dee. 31, 1940, of open-hearth, Bessemer, and electric ingots and steel for castings.
tReceipts at Buffalo and Cincinnati are now included and receipts at Oklahoma City anri.Wichita, formerly included, are omitted.
£Data revised to include certain additional governmental and industrial power generation not heretofore reported.
June 25
2.40
38.51
MONTHLY BUSINESS STATISTICS
1941
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
BUSINESS INDEXES
Manufacturers' orders, shipments and inventories:*
New orders, total
Jan. 1939^100..
Durable goods
do—
Electrical machinery,
do—
Iron and steel and their products
do
Other machinery
do—
Other durable goods
do—
Nondurable goods
do—
Shipments, total
do—
Durable goods..
do—
Automobiles and equipmentdo—
Electrical machinery
do—
Iron and steel and their products
do/...
Transportation equipment (except automobiles)
Jan. 1939=100..
Other machinery
do.-.
Other durable goods
do—
Nondurable goods
do—
Chemicals and allied products
do
Food and kindred products
do
Paper and allied products
do
Petroleum refining
-.. . . d o . . . .
Rubber products
do—
Te.xtile-mill products
do....
Other nondurable goods
do
Inventories, total.- J _-.-._..Dec. 31,1938=100Durable goods
.
do—
Automobiles and equipment
...do—
Electrical machinery
do—
Iron and steel and their products
do.. _.
Transportation .quipment (except automobiles)
Dec. 31, 1938=100.
Other machinery
do...
Other durable goods.
do...
Nondurable goods...
--do...
Chemicals and allied products
do...
Food and kindred products
do...
Paper and allied products
do...
Petroleum refining
do...
Rubber products
do—
Textile-mill products
do....
Other nondurable goods. do...
CONSTRUCTION AND REAL ESTATE
Construction cost indexes:
Federal Home Loan Bank Board:
Standard 6-room frame house:
Combined index...-1936=100.
Materials.
do...
Labor
do.__
May
*
179
217
172
244
234
20S
144
165
132
16*
135
203
162
126
126.5
137. &
146.6
174.8
125.6
()
138.0
110.8
114.5
114.
113.6
109.
100.2
147.0
128,?
107.2
116.0
112.1
123. S
1940
May
1941
March
April
121
141
141
145
141
135
109
123
136
118
14'
133
194
285
296
304
26^
203
136
165
198
165
209
210
'198
'277
'288
-304
'255
'247
'144
M72
'205
'155
'231
'215
19:
155
138
111
121
111
13'
108
135
93
109.1
112.1
105.9
116.5
113.6
370
217
183
136
144
123
15:
114
174
157
140
-122.1
131.8
138.9
157.1
124.0
'439
'230
'196
'142
'159
'127
'162
'121
'193
166
142
' 123.6
' 134.1
' 144,3
164.0
'123.3
164.9
110.6
107.0
105.8
111.1
97.5
104.9
97.1
122.2
116.1
105.3
341.8
129.9
109.3
111.8
115.0
105.1
112.5
98.4
140. G
125.1
108.6
.' 356.8
' 134.2
'110,0
'112.2
'115.8
'107.9
'111.3
'99.3
' 142.4
'125.8
'105.8
106.
104.4
109.9
114.9
111.
122.2
115.6
112.0
122.9
EMPLOYMENT CONDITIONS AND
Employment:
WAGES
Employment estimates (U. S. Dept. of Labor):
r
Civil nonagri. enipl., total*
thousands.
38,278 35,163 37,227 37,676
Employees in nonagricultural establishments, total.
._thousands.. 32,135 29,020 31,084 ' 31,533
Manufacturing
d o — 11,532 9,776 11,152 '11,370
'56-4
864
845
875
Mining
do—
1,631 '1,775
1,249
1,748
Construction
...do—
3,056 ' 3,113
3,000
3,184
Transportation and public utilities.do
6,259 ' 6 , 4 6 3
6,197
6,419
Trade..:
do.
4,187 ' 4 , 2 6 5
4,325 4,202
Financial, service, and misc
do_
3,935 '3,983
4,052 3,751
Government
..do.
1,343 '1,546
4G4
1,662
Military and naval forces*
do.
Mfg., unadj. (U. S. Dept. of Labor)t
119.9 '122.7
102.5
124.7
1923-25-100..
123.7 ' 1 2 7 . 7
99.2
131.0
Durable goodst
...do..Iron and steel and their products, not in'129.4
127.:
101.9
132.5
cluding machinery
1923-25-100..
Blast furnaces, steel works, and rolling
135.0 '137.4
109.1
140.2
mills
1923-25-100..
117.1 ' 116. G
95.9
117.1
Hardware
do—
Structural and ornamental metal work
99.1
97.2
102.4
71.1
1923-25-100..
95.6 r 107.1 ' 1 0 9 . 0
118; 6
Tin cans and other tinware
do—
73.8
••72.6
68.0
74.6
Lumber and allied products
do—
'97.6
87.3
100.1
Furniture
do....
'65.2
61.9
65.6
Lumber, sawmills
do—
113.9 147.7
162.3
Machinery,excLtransp.eqtiip.l923-25=100.
' 156.5
Agricultural implements (including trac132.6
139.6
177.1
tors)
___ 1923-25=100.
' 175.8
Electrical machinery, apparatus, and
141.5
101.9
153.6
supplies...
1923-25=100.
'147.3
Engines, turbines, water wheels, and
247.1
148.9
268.2
windmills
1923-25=100.
'255.4
Foundry and machine-shop products
123.6 ' 130.0
96.5
134.6
1923-25=100.
221.1
307.1 ' 3 1 6 . 9
324. S
Machine tools*...
.„—,—do...
130.5
149.1 ' 158. 5
174.
Radios and phonographs
..do—
105.3
136.9 ' 138.8
139.7
Metals, nonferrous, and products
do
125.5
180.5 ' 182.5
184.
Brass, bronze, and copper products.do
'93.0
82.0
'89.7
95.7
Stone, clay, and glass products
do...
'69.2
60.9
65.4
73.6
Brick, tile, and terra cotta
do...
'
1
21.8
104.4
'119.5
123.6
Glass
_..do-.'Revised.
* Not available.
t Revised series. See note on corresponding item in the June11941 Survey.
\New series. See note on corresponding item in the June 1941 Survey.
1941
1940
May
May
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
March
EMPLOYMENT CONDITIONS AND
WAGES—Continued
Employment—Continued.
Mfg., unadj. (U. S. Dept. of Labor)—Con.
Durable goods—Continued.
116.7 ' 161.1
170.9
Transportation equipmentt-1923—25=100-.
6,221.7 2,676.4 5,563.7
Aircraft*
do.
109.8 '131.4
134.
Automobiles..
do.
158.2 ' 272.4
303.2
Shipbuilding*
do.
105.6
118.
116.3
Nondurable goodsf
do
Chemical, petroleum, and coal products
' 120.6
133.
130.
1923-25=100..
136.2
166.
159.3
Chemicals
.do...
125.9
132.9
140.
Paints and varnishes..
do...
119.5
121.
121.8
Petroleum refining
..do...
312.2
323.
304.3
Rayon and allied products.-.
do...
'120.3
121.
127.
Food and kindred products
.do...
145.0
149.
144.8
Baking.
.......do...
117.
105.7
Slaughtering and meat packing
do
no.
95.
86.8
Leather and its manufactures..
do
98.
93.
816
Boots and shoes
do...
97.0
120.
115.0 ' 118.1
Paper and printing
do...
115.2
122.
Paper and pulp
do...
118.5
83.8 ' 102.8
106.
Rubber products
do._.
69.0
Rubber tires and inner tubes.
do...
80.0
112.'
96.0
Textiles and their products!
do...
111.6
105.
87.0
102.
Fabrics!
do...
124.
112.2
127.0
•-• - Wearing apparel
do...
64.
62.2
63.3
Tobacco manufactures
do...
Manufacturing, adjusted (Fed. Reserve)!
119.4
102.8
124.7
1923-25=100129.3
97.9
Durable goodsf...
....
_.
do
123.0
Iron and steel and their products, not in131.6
126.:
101.2
cluding machinery.... -..1923-25=100..
Blast furnaces, steel works, and rolling
109
14C
133
mills
1923-25=100..
11
95
116
Hardware
do...
Structural and ornamental metal work
103
71
100
1923-25=100.
120
113
97
Tin cans and other tinware.
.do
74
74.5
67.9
Lumber and allied products
do
98
90
104
Furniture
do
65
61
64
Lumber, sawmills.
do
148.1
Machinery, excl. transp. equip
do
113.4
161.4
Agricultural implements (including trac126
tors)
1923-25*= 100..
136
172
Electrical machinery, apparatus, and sup142
plies
„
1923-25=100..
101
153
Engines, turbines, water wheels, and
212
windmills
1923-25=100_.
14:
255
Foundry and machine-shop products
133
124
1923-25=100.
96
323
Machine tools*
do...
304
220
198
Radios and phonographs
_
do...
178
155
140.6
Metals, nonferrous, and products
do
136.1
106
185
Brass, bronze, and copper products, do
179
124
92.2
Stone, clay, and glass products
do...
92.3
78.9
70
Brick, tile, and terra cotta
do
71
58
122
Glass
do.-.
118
103
163.8
Transportation equipment!
do....
153.9
111.6
6,04i
Aircraft*
-do..,.
5,509
2,598
12S
Automobiles
do.._
123
105
294
Shipbuilding*..
do...
268
154
120.
116
Nondurable goodsf.
do...
107.
Chemical, petroleum, and coal products
122
128J
134.
1923-25=100...
137
16:
16;
Chemicals
do-..
12
134
13f
Paints and varnishes
do...
12]
122
122
Petroleum refining
do...
308
31:
33C
Rayon and allied products
do...
131.5
129.;
135.
Food and kindred products
do...
14;
Baking
.-.
do...
12C
113
107
Slaughtering and meat packing
do...
94. 3
87.9
96.
Leather and its manufactures-..____do—.
92
86
9;
Boots and shoes
do.-.
118.
115.3
121.
Paper and printing
do...
119
115
123
Paper and pulp
...do...
102.
83.5
106.
Rubber products
do
80
69
84
Rubber tires and inner tubes
.do....
107.6
96.3
112.
Textiles and their products t
do. _.
100.4
87.
105.
Fabricst
do...
111.6 '119.
123.
Wearing apparel
do....
'64.0
63.2
65.
Tobacco manufactures..
do—
Nonmfg., unadj. (U. S. Dept. of Labor):
Mining:
50.2
51.8
48. C
Anthracite
1929=100..
'91.1
85.1
89.
Bituminous coal
...do...,
'74.
78.3
Metalliferous...
do....
'60.2
63.3
60.
Crude petroleum producing
do...
'44.2
51.
Quarrying and nonmetallic
do—
Public utilities:
'90.3
90.6
Electric light and power!..
do...
'68.2
68.4
Street railways and busses!
do...
77.3
81.8
84.
Telephone and telegraph!
do...
Services:
'104.4
108.
120.
Dyeing and cleaning
do...
'102.5
99.
108.
Laundries
do...
'94.2
93.4
96.
Year-round hotels.,.
..do...
April
' 166.2
5,913.6
' 132.3
' 294.4
' 117. 8
' 134.5
' 162.4
' 137.4
' 120.5
'317.9
' 123.9
' 146. 5
'111.3
'98.0
'95.S
119.4
'120.3
105.1
'82.7
'112.2
' 103. 7
r
126. 4
'63.5
'122.1
' 126. 3
'128.2
' 115
101
'113
74.2
101
65
' 156.2
'165
147
'243
'129
315
189
'139
'181
'92.3
'70
'121
'158.6
' 5,798
'125
'284
'118
' 132.2
' 103
135
121
'324
' 132.8
148
115
' 95.5
93
119.8
120
'104.2
83
'109.9
' 103.3
'119.9
' 65. 0
48.7
21.1
76.6
'60.7
48.1
91.9
68.2
83.0
117.4
105.5
95.1
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
1940
May
May
EMPLOYMENT CONDITIONS AND
WAGES—Continued
Employment—Continued.
Nonmfg., u n a d j . ( U . S. D e p t . of Labor)—Con.
Trade:
Retail, totalf
1929=100.
103.
Gencral merchandising!
do
92.
Wholesale
do.
P a y rolls:
Manufacturing, unadjusted (U. S. D e p a r t m e n t
141.
of Labor)f_1923-25=100.
97.
D u r a b l e goodsf
.do...
159.
93.
Iron and steel and their products, not including machinery
1923-25=100.
159.
97.2
Blast furnaces, steel works, a n d rolling
170.
mills
1923-25-100.
103.1
Hardware
do...
143.
101.9
Strueti ral and ornamental metal work
114.
1923-25 = 100.,
61.
T i n cans and other t i n w a r e . _.
do
144.
100.9
L u m b e r a n d allied products
do
77.'
63.3
Furniture
___
do
74.8
102.
Lumber, sawmills
do
58.3
66.2
Machinery, excl. transp. equip
do
217.4
122.
Agricultural implements (including tractors)..
1923-25*= 100
240.3
164.0
Electrical machinery, apparatus, and
supplies
1923-25=100..
214.2
114.3
Engines, turbines, water wheels, and
windmills
1923-25=100..
451.5
193.8
F o u n d r y and machine-shop products
1923-25 = 100..
165.4
94.6
Machine tools*..
do
289.7
506.4
Radios and phonographs
do
126.9
192.1
Metals, nonferrous, and products
do
103.6
165.9
Brass, bronze, and copper products . d o
134.2
243.9
Stone, clay, and glass products
do
74.6
97.0
Brick, tile, a n d terra cotta
do
49.2
69.4
Glass
do
112.0
147.6
Transportation equipmentf__
..do
118.5
197.2
Aircraft*
...do
2,601.
7,720.
Automobiles
__do.
111.1
145.4
Shipbuilding*
__do.
180.4
424.6
Nondurable goodst
.do.
96.8
122.5
Chemical, petroleum, and coal products
1923-25=100..
162.2 ' 133.5
Chemicals
do
161.9
221.7
P a i n t s and varnishes.
.do
136.3
Petroleum refining
do
136.8
146.6
R a y o n and allied products
do
311.4
355.6
121.5
Food and kindred products
do
134. 7
137.8
Baking
do
149.1
110.4
Slaughtering a n d meat packing
do
133.3
63.6
91.0
Leather a n d its manufactures
do___.
58.1
86.;
Boots and shoes.
..do
113.1
124. S
Paper and printing
__do
124.
145.5
Paper a n d p u l p . , .
do
87.1
129.2
R u b b e r products
...do
79.9
112.0
R u b b e r tires and inner tubes
do
77.9
110.
Textiles and their products!-._
.do
73.9
109.0
Fabricsf-do
81.0
106.2
Wearing apparel
do
60.7
66.4
Tobacco manufactures
do
Nonmfg., u n a d j . (TJ. S. Dept. of Labor):
Mining:
Anthracite
1929=100..
33.4
40.0
Bituminous coal
.do
99.2
75.3
Metalliferous...
__
do
81.8
65.7
Crude petroleum producing
do
59.6
58.7
Quarrying and nonmetallic
.do
53.6
42.7
Public utilities:
Electric light and powerf
.do
110.3
104.2
Street railways and busscsf
.do
73.0
69.2
Telephone and telegraphf
..do
109.2
98.8
Services:
Dyeing and cleaning.
do
95.6
85.4
Laundries
do
98. G
88.5
Year-round hotels
do
88.4
83.0
Trade:
Retail, totalf
do.__.
83.4
91.fi
General merchandising!
.do
95.8
86.6
Wholesale
do.
84.6
77.4
Wages:
Factory average weekly earnings:
U. S. D e p t . of Labor (90 industries)~dollars_
25.43
Durable goods
do
28.80
N o n d u r a b l e goods
do
21.72
Factory average hourly earnings:
U . S. D e p t . of Labor (90 industries)__dollars__
Durable goods
__
do
.730
Iron and steel a n d their products, not
including machinery
dollars..
.767
Blast furnaces, steel works, and rolling
mills
dollars..
.842
Hardware
do
.692
Structural and ornamental metal work
dollars..
.741
T i n cans and other tinware*
do
.624
L u m b e r and allied products
do
.521
Furniture
do
.546
Lumber, sawmills
do
.503
Machinery, excl. trans, equip
do
.741
Agricultural implements
(including
tractors)
dollars..
.799
Electrical machinery, apparatus, a n d
supplies
dollars..
.757
1941
March
April
1941
1940
May
May
1941
March
April
EMPLOYMENT CONDITIONS AND
WAGES—Continued
••92.5
••96.
97.7
109.4
92.3
131.2
' 144.
' 134.8
' 150.0
' 141. 2
' 150.8
149.0
138.1
' 164.1
' 135. 7
97.1
••122.
72.8
93.9
62.
186.2
'103.4
'127.4
'75.7
'95.2
'66.4
' 198.2
162.0
'242.4
185.9
' 192.3
376.4
'368.2
143.6 ' 152.5
'461.9 ' 472.2
157.2 ' 163.9
' 155.1 ' 157.0
' 233.6
236.
'91.1
'85.2
'62.4
56.1
' 140.5 ' 143.5
' 197.2 '191.4
6,678.3 7,182.5
' 163. 0 ' 146.9
365.0 ' 392. 5
116.3 '117.8
148.
201.7
147.4
133.4
332.9
122.
140.0
114.
96.1
'94.2
120.3
136.4
119.5
102.7
•• 107.1
101.1
' 112. 3
62.7
' 156.0
'208.3
'157.9
' 142.4
r 342.3
' 125.5
140.9
' 116.1
'92.3
'89.1
121.3
' 139.1
' 122.5
' 106.7
' 107.1
' 104.1
' 106.6
-59.1
42.4
••93.8
72.7
'56.1
MO. 3
24.3
15.5
76.9
'57.1
47.0
' 106.1
'72.5
'106.4
107.8
71.8
10S. 1
"•77.2
'90.9
'85.7
98.1
95.5
86.7
'86.2
' 88.3
'82.0
91.3
98.5
83.0
'29.10
'33.48
23.63
29.10
33.49
23.57
.69]
.768
.708
.785
.795
.841
.873
.690
.954
.693
. 756
'.638
.541
.565
.523
.778
.782
.643
.547
.570
.530
.788
.820
.871
.780
.782
r Revised.
t Revised series. See note on corresponding items in the June 1941 SURVEY.
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
Wages—Continued.
Factory average hourly earnings—Con.
U. S. Dept. of Labor (90 industries)—Con.
Durable goods—Continued.
Machinery, excl. transp. equip.—Con.
Engines, turbines, water wheels, and
windmills
dollars...
Foundry and machine-shop products
dollars..
Machine tools*
do
Radios and phonographs
do
Metals, nonferrous, and products. _do
Brass, bronze, and copper products
dollars..
Stone, clay, and glass products
do
Brick, tile, and terra cottaj
do
Glass
do
Transportation equipment
..do
Aircraft*
do
Automobiles
do
Shipbuilding*
do....
Nondurable goods
do „ .
Chemical, petroleum, and coal products
dollars..
Chemicals
do
Paints and varnishes
do
Petroleum refining
do
Rayon and allied products
do
Food and kindred products
do . .
Baking
do.__.
Slaughtering and meat packing..do
Leather and its manufactures!
do
Boots and shoes
do
Paper and printing
__do
Paper and pulp
do....
Rubber products.
_.
do
Rubber tires and inner tubes
do
Textiles and their products _ _
do
Fabrics
do
Wearing apparel
.
I___do
Tobacco manufactures
do
.797
.87-
.883
.730
.766
.606
.701
.769
••.799
.643
.748
.779
.80S
.644
.749
.750
.661
.551
.739
.902
.732
.94
.86:
.615
.822
.689
.594
'.778
.921
.783
.984
'.850
.624
.816
.695
.606
.770
.925
.793
.985
.906
.629
.760
.803
.716
.975
.673
.647
.637
.688
.555
.533
.794
.638
.778
.90S
.496
.484
.518
.497
.766
.829
.749
.90:
.700
.655
.641
.685
.572
.549
'.807
.664
.799
.994
.516
.494
.556
.497
.773
.839
.755
.995
.706
.655
.647
.696
.579
.555
.805
.666
.804
.993
.522
.509
.547
.506
FOODSTUFFS AND TOBACCO
Tobacco: Manufactured productsConsumption (tax-paid withdrawals):
Small cigarettes
millions - 17,8ES 16,275 15,529 15,854
Large cigars
thousands- 475,06^ 469,313 430,326 490,585
Manufactured tobacco and snufl.thous. of l b . . 29,232 29,924 28,253 29,127
METALS AND MANUFACTURES
Lead:
Ore, receipts, lead content of domestic ore
short tons..
Refined:
Production from domestic ore .
do
Shipments (reported)
do.
Stocks, end of month
...
do
Brass and bronze (ingots and billets):
Deliveries
do
Orders, unfilled, end of month.
II__.do.II.
PAPER AND PRINTING
Total paper, incl. newsprint and paperboard: t
Production
.-..short tons..Paper, excl. newsprint and paperboard: t
Orders, new
short tons..
Production
do
Shipments
..do^I..
Fine paper: t
Orders, new....
do
Production...
do
Shipments
do
Stocks, end of month
.do
Wrapping paper: t
Orders, new
do
Production
do
Shipments
do
Stocks, end of month
do
RUBBER AND PRODUCTS
Tires and tubes:
Pneumatic casings:
Production
thousands. _
Shipments, total
do
Original equipment
do
Replacement equipment
do
Exports
do
Stocks, end of month
_~__
do
Inner tubes:
Production
do
Shipments, total
do
Exports
do
Stocks, end of month
do
TRANSPORTATION EQUIPMENT
38,77£
40,196
38,282
38,685
46,104
69,38;
34,01*
37.918
46.919
027955
46,748
62,090
45,996
43,423
59,169
42,899
15,390
30,535
7,056
21,475
14,938
33,270
15, 558
29,576
:,039,708 ,052,7351,076,829
514,683 565,856 589,123
479,257 479,601 489,899
434,801 493,960 505,194
()
52,921
46,065
47,504
63,797
197,542
78,998
188,088
83, .505
6,073
7,733
ff
8,373
5,855
6,324
(-)
7,686
56,550
47,598
47,819
65,187
67,376
49,143
52,68ft
63,303
214,238 219,505
174.357 179,601
177,163 184,015
87,556 86,635
5,413
5, 755
1,99S
3,662
96
10,523
5,686
5,517
2,638
2,722
158
10,149
5,823
6,050
2,334
3,537
178
9,958
4,737
4,745
7S
8,206
5,349
5,181
137
8,069
5,496
5,371
127
8,143
Automobiles:
Production:
Canada, total
n u m b e r . . 26, 585 21,277 26,044 27,584
9,840 12,677 12,093 12,091
Passenuer cars
do
518,736 391,215 507,805 462,270
United States (factory sales), total
do
417,60* 325,676 410,196'374,979
Passengrr cars
do
Coml. cars, trucks, road tractors
d o . . . . 101,03$ 65,539 '97,609|'87,291
• Not available.
*New series.
Sec note on corresponding item in the June 1941 SURVEY.
U, S . GOVERNMENT PRINTING OFFICE: I M t
@FedFRASER