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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 31, 1941 SUMMARY OP BUSINESS TRENDS TNCOME and employment continue to move upward with the J- rising volume of general business activity. Monthly income payments, adjusted for seasonal variations, established another record during June—the adjusted index (1935-39—100) moving to 131 compared with 128 in May and a monthly average of 122 in 1929. The rise was strongly implemented by an advance of almost 6 percent in factory pay rolls during the month. Nearly one-half million additional workers found employment in nonagricultural pursuits during June as total employment of this type reached a new peak of 38.8 million workers—3 million above the total at the start of the defense program a year ago. Stronggains in factory and trade employment, together with the usual seasonal increase in the construction field, accounted for most of the June rise. Factory employment registered the largest gain on a seasonally adjusted basis since the defense program began. Increases in defense industries, combined with another substantial rise in nondurable goods employment, lifted the adjusted index (1923-25=100) to 128.4 from 124.8 in the previous month. Recent price developments reflect the growing pressure on supplies stemming from defense demands, combined with those generated by rising employment and incomes. Increases in wholesale prices during the first 3 weeks of July were particularly widespread. With the exception of foodstuffs, which had already risen sharply in previous months, all subgroups in the Bureau of Labor Statistics' broad index of wholesale prices advanced over the period. Further increases are indicated by the sharp advance in basic commodity prices in the week ending July 25. In this most recent week, the Bureau of Labor Statistics7 sensitive index of 28 basic commodity prices (August 1939=100) rose to a new high of 151.2. While the advances extended to all commodity groups, import prices were pushed into a position of leadership by military and political developments in the Far East. Silk, rubber, and tin prices were substantially higher. The Office of Price Administration and Civilian Supply announced that it would place a ceiling price on silk at $3.04 a pound. In the security markets, prices have continued the advances begun in June. The Dow-Jones average of 65 stocks has risen more than 2 points since the beginning of July, and trading volumes have been somewhat larger. The chief gains have been made by industrial shares, the index closing at 129 on July 26, compared with 123 at the beginning of the month. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION 100 80 60 40 ELECTRIC POWER PRODUCTION FREIGHT-CARLOADINGS (BILLIONS OF KILOWATT HOURS) (THOUSANDS OF CARS) (PERCENT OF CAPACITY) 120 -tsr > -v —-<^•1939 20 t ^ " ^ I r r 1 . . 1 . AUTOMOBILE PRODUCTION BITUMINOUS COAL PRODUCTION (THOUSANDS OF VEHICLES) (DAILY AVERAGE-THOUSANDS OF TONS) (INDEX, I926» 100) (AUG. 1939* 100) 140 W£DfJ£$t>AY CLOSE .XT » rr 100 W r i 80 t t, i i i FACTORY EMPLOYMENT AND PAYROLLS (1923-25" 100) INCOME PAYMENTS (SEASONALLY ADJUSTED 1 9 5 5 - 3 9 * 100) 150 (THOUSANDS OF CARS) PRICES OF 350 INDUSTRIAL STOCKS PRICE INDEX OF 28 BASIC COMMODITIES 160 MISCELLANEOUS CAR LOADINGS MONTHLY DATA 140 130 120 _ 110 - 100 90 . , i . , 1 . . i . , I93S 40271&-41 , . 1 , , 1 , , t , , 1939 ., 1 . , I , . 1 , , 1940 , , 1 , , 1 , . 1 . . 194! 1938 1939 1940 1941 WEEKLY BUSINESS INDICATORS* [Weekly average, 1923-25=* 100, except as indicated] 1941 131.5 128.6 130.5 132.8 107.3 107.3 96.9 16.2 139.3 139.2138.5 139.0110.0 110.7 95.2 93.6 1KB. 5 158.0 1ftS ft 128.0 19S n 127.6 197 fi 105.1 101.9 160.4 158.6ft 158.3 88.1 87.7 87.7 77.3 85.4 85.0 84.1 84.2 66.0 83.8 84.1 84.1 84.3 17 L5 89.2 82.4 149.9 147.9 147.7 146.1 149.1106.6 77.6 67.3 70.4 82.4 107.5 95.9 95.4 95.1 94.3 95.1 81.6 81.8 85.5 85.5 85.5 85.5 &5.5 75.4 76.8 65.1 60.7 58.8 56.6 58.1 38.2 38.6 100.6110.7 87.2 74.8 61.4 62.2 66.7 67.5 80.4 80.4 78.6 72.5 35.3 73.7 78.5 72.5 34.6 83.5 94.4 92.0 77.7 95.4 75.4 76.7 68.8 68.4 109 69 72 66 67 93 119.6 64.1 59.5 115.3 57.0 57.2 57.2 57.4 57.5 61.7 61.7 62.9 63.3 1939 July July July July June July July July July 29 22 26 19 12 5 28 27 20 July July July July June July July July July 22 26 19 12 5 28 27 20 29 Business activity:1 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 C onstruction contracts? Distribution: CarloadinRS. -Department store sales A Employment, Detroit, factory... Finance: Bond yields! -._, 1940 1941 1939 1940 Finance—Continued. Stock prices! Banking: Debits, outside N. Y. C.t—Federal Reserve reporting member banks: Loans, total Interest rates; Call loans! Time loans!. Currency in circulation! Production: Automobiles Bituminous coal Cotton consumption^ , Electric power <? Lumber Petroleum!. ^ •_. Steel ingots® Receipts, primary markets: Cotton ... Wheat 96.0 95.3 94.8 92.2 92.3 92.5 92.8 105.6 105.1 122.9 125.9 117.5 143.1 121.1 92.0 102.2 85.8 91.1 84.0 84.2 83.6 83.6 82.6 68.1 68.1 65.6 64.9 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 28.6 28.6' 28.6 28.6 28.6 198.5 198.6 199.4'199.6 195.9 161.8,162.1 144.6 144.7 1 67.6 134.4 139.8 145.4'.122.7! 162.7 44.3 67.4 103.8 93.5 79.6 108.3 79.2j 76.1 72.6 189.2 193.8:195.2 129.1 132.7 124.9 124.5 149.5 148.5 147.5 134.6 146.5 129.6! 125.9 113.9 111. 6 65.0 55.01 46.0 50.9 63.0J 56.3 59.4 54.4 191.9 182.3 192.0;i81.4 190.8 183.0!177. 5 175.5 177.7 172.22 171.0 151.3:148.9 104.1 96.9 ""' " 170.3,164.8 175.7 •" 82.7 46.2 48.5 58.8 30.0 23.5 44.2 45.8 260.2 319.3 401.6247.6 204.6 248.7337.6 148.6 296. 8 • Data do not cover calendar weeks in all cases. ISeasonably adjusted. !Daily average. cf Weekly average, 1935-39=100. §Computed normal=100. Index revised beginning Jan. 8,1938; revised data not given in the issue for Jan. 23,1941» and subsequent issues will be shown later. ®Index for week ended Aug. 2 is 175.2. Data for 1941 are based on production of steel ingots and steel for castines. ©Thursday prices: August 1939=-100. A Weekly average 1935-39=100. The index is compiled by the Board of Governors of the Federal Reserve System; it is not adjusted for seasonal variations. WEEKLY BUSINESS STATISTICS1 1940 1911 July 26 July 19 July 12 JulyS 0.118 .177 3.16 38.15 .98 0.118 .165 3.09 38.15 .97 0.11S .160 3.09 33.15 .99 0.118 .154 3.06 38.15 3,600 5,697 5,835 3,166 4,539 2,248 2,184 13,117 5,181 2,294 2,184 13,223 5,336 2,249 2,184 12,971 5,124 24,381 5,414 18,142 11,291 24,260 5,416 18,054 11,285 3,302 10,504 June 28 1939 1933 July 27 July 20 July 29 July 22 July 30 0.118 .158 3. OS 38.15 .98 0.104 .104 2.23 37.53 0.10ft .105 2.23 37.57 .68 0.100 .096 2.14 35.87 .62 0.100 .091 2.14 35.86 .65 0.097 .087 2.47 36.43 .63 0.095 .088 2.46 36.30 .70 4,936 6,636 3,518 5,614 3,347 4,267 3,386 4,739 3,296 3,977 2,745 4,224 2,871 3,603 3,431 4,096 2,249 2.184 12,935 5,145 2,491 2,450 13,565 6.670 2,501 2,450 13,863 2,512 2,488 10,436 4,485 2,537 2,515 10,412 4,485 2,583 2,564 8,188 3,036 2,585 2,564 8.202 23,920 5,425 18,028 11,259 2,273 2,184 13,125 5,265 23,949 5,419 17,872 11,255 24,046 5,410 17,955 11,274 20,984 5,314 15,433 9,452 20,932 5,316 15,226 9,229 17,601 5,237 13,941 8,514 17,387 5,223 13.909 8,505 15,160 5,200 12,395 7,659 15,127 5,208 12,410 7,696 3,221 10,523 3,212 10,453 3,038 10,453 3,030 10,324 2,419 8,514 2,415 8,517 2,168 8,194 2,159 8,116 1,640 8,161 1,622 8,208 6,011 1.00 1.25 *4,035 253 9,638 1.00 1.25 • 4.032 193 9,646 5,933 LOO 1.25 -4.030 184 0,683 5,895 1.00 1.25 *4.031 216 9,695 5,825 1.00 1.25 4.030 229 9,515 4,462 1.00 1.25 «3.852 233 7,857 4,464 1.00 1.25 1.00 1.25 4.682 251 7,029 3.869 1.00 1.25 4.920 3,878 1.00 1.25 4.920 7,874 1.00 1.25 4.681 291 7,020 6,436 6,439 42,880 3.29 4,677 93.21 80.1 05.0 70.528.4 41.530 3.30 3,014 92.57 79.0 93.4 70.3 27.8 51,030 3.30 5,294 92.04 78.9 93.3 70.1 27.8 28,520 3.31 1,657 89.51 76.2 89.7 69.2 26.7 51,590 3.32 2,704 89.60 76.1 89.5 69.3 26.8 18,240 3.56 1,275 89.79 75.8 87.0 79.7 24.3 23,730 3.56 1,635 90.16 76.8 88.1 80.6 24.6 31,350 3.63 5,063 102.59 89.9 104.9 88.5 27.4 36,710 3.65 7,538 102.06 88.8 104.1 86.1 26.8 40,000 4.11 7,961 100.37 83.0 106.9 75.5 27.9 50,230 4.15 10,819 100.89 90.7 108.6 77.8 29.4 105,635 109,912 1,767 3,163 3,676 97.2 114,318 1,593 3,141 3.871 96.8 96,457 1,355 2,867 3,658 93.7 127,926 1,845 3,121 3,847 99.9 16,159 34,822 1,348 2,761 3,690 88.2 17,782 53,020 1,296 2,681 3,580 S6.8 13,993 46.329 1.236 2,427 3,539 60.6 11,838 53,128 1.188 2,378 3,584 56.4 13,401 31,890 1,002 2,160 3,316 37.0 12,643 34,570 986 2,153 3,349 36.4 8,665 899,370 181,251 44,774 61,396 9,414 154,680 81,289 876,165 161,068 44.252 62,697 10,177 154,133 81.104 362,734 740,493 106,606 37,287 50,921 7,970 138,616 71,756 327,337 908,664 184,907 46.404 52,931 9,470 159.300 73,025 382,627 718^ 489 132,809 36,071 46,467 9,482 148,076 68,562 277,022 730,460 131,402 34,315 53,179 10,568 147.941 70.914 282,141 655,531 119,787 32,451 40,822 11,591 152.429 43,564 254,887 651.665 113.363 32,522 46,389 11,574 152,310 42,596 252,911 588,697 104,152 27,870 50,706 10.829 147,928 23,123 224,089 580,818 97,462 26,764 53,341 11,201 146,219 22,105 223,726 194 228 172 25,397 187 289 120 31,947 156 195 126 19,697 194 261 153 16,277 78 19,787 210 265 61 26,854 115 11,819 119 23,610 90 18,717 69 22,691 July 23 COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York! dol. per l b . Cotton, middling, spot, New York do._. Food index (Dun & Bradstreet) do-.. Iron and steel, composite dol. per t o n . Wheat, No. 2, Hard Winter (Kansas City).dol. per b u . 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, total§ do... U. S. Government direct obligations do Obligations fully guaranteed b y U. S. Government... mil. of dolLoans, total§_. do..Commercial, industrial, and agricultural Ioans§ mil. of dolInterest rates, call loans! percentInterest rates, time loans!.. __ --do.-Exchange rates: Pound sterling! dollars. Failures, commercial . numberCurrency in circulation! ..mil. of dolSecurity markets: Bond sales (N. Y. S. E.) thous. of dol. par valueBond yields (Moody's) (120 bonds)!-percent.. Stock sales (N. Y. S. E.)...thous. of shares-. Stock prices (N. Y. Times)\ dol. per shareStock prices (Standard and Poor's) (420)._.1926=i00.. Industrials (350) do..Public utilities (40) do.... Railroad (30) ....do.... PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Automobiles! number., Bituminous coal! thous. of short tons.Electric powerA mil. of kw-hr.. Petroleuml , thous. of bbLSteel ingots® pet. of capacity-Construction of contract awards! thous. of dol-Distribution: Freight-carloadings, 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.Hogst do Cotton into sight _ thous. of bales-. Wheat, at primary markets. --.thous. of bu.- 3,184 3,870 97.9 215 20,696 a # JDaily average. Data do not cover calendar weeks in all cases. ISource: Ward's Automotive Reports. • Free rate. §Data for 1938 not strictly comparable with data for later years; see note on corresponding data shown on p. 51 of the 1940 Supplement. €>Rate per week ended Aug. 2 is 99.6; data for 1941 are based on capacity Dec. 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 and Wichita, formerly included, are omitted. AData revised beginning in the June 19,1941 issue to includo certain additional governmental and industrial power generation not previously reported. MONTHLY BUSINESS STATISTICS Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1941 1940 June June 1941 April May Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1941 1940 June June 1941 April EMPLOYMENT CONDITIONS AND BUSINESS INDEXES WAGES—Continued Employment—Continued. Income payments:t Mfg., unadj.—Continued. Indexes, adjusted: Durable goods—Continued. Total income payments... 1935-39=100.. 130.7 no. 2 124.5 M28.0 Machinery, excl. transp. equip.—Con.1 ' 137.5 132.8 141.3 Salaries and wages do 114.1 Engines, turbines, water wheels, and 129.2 126.0 132.2 Total nonagricultural income do 112.2 windmills 1923-25=100.. 286.5 158.1 257.2 Total mil. of dol.. 7,650 6,405 6,953 ' 6 , 8 3 5 Foundry and machine-shop prod..do 96.9 130.0 138.8 Salaries and wages: 229.1 316.9 337.2 Machine tools* do. Total _ d o . . . . 5,064 4,057 4,712 ' 4,892 141.0 158.5 179.9 Radios and phonographs do. 2,248 1,527 1,963 ' 2,115 Commodity-producing industries.. do 106.6 138.9 142.4 1,049 Distributive industries ..do 959 1,032 1,075 Metals, nonferrous, and products do 127.1 182.5 190.0 925 920 877 930 Service industries do Brass, bronze, and copper products.do 93.0 82.9 96.5 692 676 Government do 570 707 Stone, clay, and glass products do 69.2 63.1 74.2 Work-relief wages -.do 111 121 124 104 Brick, tile, and terra cotta do 121.8 104.9 124.5 Direct and other relief do 95 95 88 94 Glass.. .do 166.4 114.3 176.1 Social-security benefits and other labor inTransportation equipmentf do 6,648.2 2,913.5 '5,929.2 153 come mil. of dol__ 149 170 150 Aircraft* ....do. 104.9 ' 132.4 135.0 Dividends and interest do ••453 1,001 Automobiles do 796 162.8 294.4 321.9 Enterpreneurial income and net rents and Shipbuilding* do 106.2 117.8 120.8 1.242 royalties . mil. of dol.. 1,259 1,089 1,201 Nondurable goodsf do 119.0 ' 134.4 134.5 Total nonagricultural income do Chemical, petroleum, and coal prod._do 7,088 5,949 6,443 ^6,283 138.3 162.4 172.4 Cash income from farm marketings: Chemicals do 126.4 137.4 144.7 Crops and livestock, combined index: Paints and varnishes do 123.2 120.5 125.6 Unadjusted 1924-29=100.. 83.5 74.0 62.5 85.5 Petroleum refining _ do 306.0 317.9 326.0 Adjusted. ........do '96.5 93.0 70.0 95.5 Rayon and allied products do 129.7 ' 123.6 134.7 Crops do 'S2.0 77.5 61.6 81.0 Food and kindred products do 147.0 152.1 78.0 107.0 ' 1 1 0 . 0 Livestock and products. d o . . . . 108.5 Baking do. 108.2 ' 146.5 120.1 82.0 108.5 ' 108.5 Dairy products do 107.0 110.2 Slaughtering and meat packing do. 86.8 98.6 79.0 114.5 ' 118.5 Meat animals.... d o . . . . 114.5 98.0 Leather and its manufactures.-do. 84.8 95.5 82.5 64.0 '83.5 Poultry and eggs.. ...do 90.0 95.8 Boots and shoes.... do 114.5 119.4 121.4 Paper and printing do 116.2 120.3 124.9 COMMODITY PRICES Paper and pulp ...do 83.4 ' 105.0 110.9 Rubber products. ...do 68.5 'H2.3 86.8 Purchasing power of the dollar: Rubber tires and inner tubes do 93.7 112.5 118.6 121.0 129.9 Wholesale prices 1923-25=100. . 115.6 112.1 Textiles and their productsf do 85.7 ' 103.7 106.4 123.9 125.8 128.7 Retail food pricesf d o — 119.5 Fabricst __do_ 107.9 ' 126. 2 121.3 131.2 133.7 154.8 124.5 Prices received by farmers. do Wearing apparel do. 64.9 65.5 116.4 117.1 118.9 Cost of living d o — 114.9 63.5 Tobacco manufactures do 103.9 * 122.1 128.4 Manufacturing, adjusted (Fed. Res,) f..--do CONSTRUCTION AND REAL ESTATE 99.0 126.3 133.6 Durable goodsf -...do Families provided for and indicated expendiIron and steel and their products, not intures for building construction (based on 103.7 128.2 cluding machinery 1923-25=100.. 135.7 bldg. permits), U. S. Dept. of Labor indexes: Blast furnaces, steel works, and rolling 106.0 Number of families provided for 1929=100. 116.3 63.0 112.6 144 115 mills...1923-25=100136 Indicated expenditures for: US Hardware : do 115 82 60.6 Total building construction ...do... 65.3 46.7 54.9 Structural and ornamental metal work 74.8 New residential buildings... _do_._ 45.2 82.2 80.7 1923-25-100.. 73 105 101 30.9 New nonresidential buildings do... 31.0 19.7 34.1 134 Tin cans and other tinware do_. . 100 113 67.8 69.1 Additions, alterations, and repairs...do... 69.2 62.5 Lumber and allied products do 67.4 74.2 76.7 Furniture do 101 90 107 DOMESTIC TRADE Lumber, sawmills do 65 60 66 Newspaper advertising: Machinery, excl. transp. equip do 114.9 156.2 166.7 Linage, total (52 cities) thous. of lines.. 108,432 103,290 119,230 122.443 Agric. implements (incl. tractors)..do 136 170 165 Classified do.... 24,294 23,216 24,911 25,624 Electrical machinery, apparatus, and Display, total _do_._. 84,138 80,074 94,318 96,818 supplies.. 1923-25=100 103 158 147 6,939 5,639 4,918 Automotive . do Engines, turbines, water wheels, and 6.906 1,743 windmills 1923-25=100.. 1,485 1.976 Financial do.... 1,664 152 '245 275 General d o — 16.362 17,069 17, G25 18.314 Foundry and machine-shop prod..do 129 97 139 Retail do..-. 61,193 55,880 67,811 69,822 Machine tools* do. 228 315 336 Retail trade: Radios and phonographs do. 144 189 184 Grocery chain-store sales: Metals, nonferrous, and products do 108.2 139.0 144.6 130.8 Unadjusted 1929-31=100.. 135. 5 130.2 112.8 Brass, bronze, and copper products, do 191 128 181 128.9 Adjusted d o — P133.5 12G.4 111.1 Stone, clay, and class products do. 79.8 93.0 92.3 Rural sales of general merchandise: Brick, tile, and terra cotta .do. 58 69 70 US. 5 Total U. S., unadjusted 1929-31=100.. 148.7 125.5 151.7 Glass __ _" do. 121 103 123 158.2 133.1 East. do.... 163.2 163.4 Transport ation equipment* do. 111.8 158.6 172.6 167.0 132.6 South d o — 163.3 176.6 Aircraft* d o , . . . 6,455 2,829 5,798 144.3 116.4 Middle West do.... 143.4 139.7 Automobiles _ _ do 125 102 132 132.9 146.7 146.7 Far West... do.... 143.6 Shipbuilding* _. do.._ 164 325 284 161.8 137.7 165.1 Total U. S., adjusted do.... 163.2 Nondurable poodst. d o . . . . 123.5 108.5 118.0 172.0 145.0 -177.7 171.4 E t d Chemical, petroleum, and coal prod..do.... 138.4 122.4 132.2 196.9 164.9 203.1 South... do 200.5 Chemicals ...do 138 163 172 152.4 123.3 151.9 149.6 Middle West do. Paints and varnishes,, do 122 135 140 147.9 153.9 150.7 164.3 Far West do. Petroleum refining. do 123 121 125 Rayon and allied products do 315 324 336 EMPLOYMENT CONDITIONS AND Food and kindred products do 131.9 132.8 136.8 WAGESj Baking _ do 146 148 151 Employment: Slaughtering and meat packing do 109 115 121 Employment estimates (TJ. S. Dept. of Labor): Leather and its manufacture do 95.5 101.7 Civil nonagri. empl., total* thousands. 38,790 35,425 37,676 '38,306 Boots and shoes do 93 99 Employment in nonagricultural establishPaper and printing _ do 115.7 119.8 122.7 ments, total... thousands. 32,647 29,282 31,533 ' 32,163 Paper and pulp do. 120 116 125 Manufacturing do... 11,757 9,824 11,370 ' 11,537 84.2 104.2 Rubber products.. do. 112.0 '862 868 564 838 Mining _ do— 83 Rubber tires and inner tubes do. 87 1,810 1,775 '1,782 1,321 Construction . do 109.9 Textiles and their productst do. 116.1 3,113 ' 3,185 3,032 Transportation and public utilities.do.... 3,234 88.0 103.3 Fabricst do. 109.3 6,463 ' 6,421 6,254 Trade d o — 6,522 Wearing apparel do. 126.4 112.5 119.9 65.0 4,350 4,265 ' 4,327 4,214 65.2 Financial, service, and misc .do Tobacco manufactures do. 65.8 4,106 3,799 '4,049 Government do Nonmfjf., unadj. (TJ. S. Dept. of Labor): 1,740 Military and naval forces* ...do Mining: 1,662 474 1.546 48.7 49.7 Mfcr., unadj. (U. S. Dept.of Labor)f.l923-25=100.. 127.6 Anthracite 1929-100., 49.2 103.1 ' 124.8 122.6 83.8 ' 2 3 . 5 99.8 86.6 Bituminous coal do * 131.2 127.7 Durable poodst --do ... 134.7 70.3 ' 7 7 . 2 78.0 Metalliferous do. Iron and steel and their products, not in63.8 ' 6 0 . 1 61.6 Crude petroleum producing do. '132.9 103.7 cluding machinery. 1923-25=-100.. 135.7 129.4 47.9 ' 4 8 . 2 51.7 Quarrying and nonmetallic do. Blast furnaces, steel works, and rollins '140.4 Public utilities: 137.4 114.3 mills... ..1923-25= 100.. 143.4 91.2 ' 9 1 . 3 93.7 '116.7 Electric liRht and powerf. ...do..... 81.6 118.0 Hardware do 116.6 68.5 ' 6 8 . 3 69.0 Street railways and bussest do Structural and ornamental metal work 86.1 77.8 ' 8 3 . 2 73.5 Telephone and telegraphy do— ' 102.3 99.1 1923-25=100- 105. H 137.2 102.8 • 109.5 '123.4 Services: Tin cans and other tinware do 122.9 112.6 ' 117.2 Dyeing and cleaning do 68.3 77.7 '74.8 73.8 Lumber and allied products.. do 111.7 102.1 ' 1 0 4 . 9 Laundries do88.1 104.1 100.1 97.6 Furniture do 92.0 ' 9 5 . 2 94.9 Year-round hotels do. 61.9 68.3 '65.8 65.2 Lumber, sawmills.... do 115.1 • 156.2 '162.0 167.2 Trade: Machinery, excl. transp. equip do 91.9 ' 9 7 . 8 97.6 Retail, totalf. do___ 137.3 171.9 ' 170.7 Agric'l implements (inch tractors) do 168.5 96.2 ' 1 0 8 . 7 104.8 General merchandisingf do Electrical machinery, apparatus, and 93.1 '92.4 Wholesale do. '154.0 103.3 supplies 1923-25*100-. 158.1 147.3 ' Revised. * Preliminary. fRevised series. See note on corresponding Item in July 1941 Survey. * New series. See note on corresponding Item in the July 1941 Survey. May '271.6 '134.0 '325.6 ' 173.7 ' 139.9 '184.4 '95.6 '72.7 '124.0 ' 171.3 6,293.8 ' 133.8 ' 307.1 118.7 '133.5 '166.8 ' 141.4 '122.0 '323.5 '127.5 ' 149.0 '116.8 '95.5 '93.0 120.8 ' 122.7 ' 106.3 '83.2 112.4 ' 105.1 124.0 '64.9 ' 124.8 '129.4 '131.9 140 '116 103 '125 '74.7 104 '65 '161.0 '166 153 *-259 133 '324 '197 '140.8 '183 '92.1 '69 122 '164.2 ' 6,110 '127 '298 '120.4 '134.9 '168 '136 '123 330 '135.0 149 '119 ''96.8 '94 ' 121.1 123 '106.0 '83 ' 112.9 M05.S '123.8 '65.8 48.6 89.9 78.3 60.4 51.3 92.3 68.9 84.6 120.7 108.4 96.8 96.0 103.0 92.3 MONTHLY BUSINESS STATISTICS—Continued Earlier data are available In monthly issues of the Surrey and the 1940 Supplement 1941 1940 June June EMPLOYMENT CONDITIONS AND WAGES—Continued Pay rolls (U. S. Department of Labor): 152.0 Manufacturing, unadjustedf 1923-25=100. 173.9 Durable goodsf— do..~ Iron and steel and their products, not in167.7 cluding machinery ..1923-25=100. Blast furnaces, steel works, and rolling mills ..1923-25=100.. 178.7 147.7 Hardware .^ do Structural and ornamental metal work 1923-25=100-. US. 3 Tin cans and other tinware d o . . . . 171.1 84.1 Lumber and allied products do 110.2 Furniture do Lumber, sawmills. _ do.,.. 71.6 Machinery, excluding transportation equipment... „ 1923-25=100Agricultural implements (including trac- 229.7 tors).. 1923-25=100.. Electrical machinery, apparatus, and 233.6 supplies.. „ ....1923-25=100.. 225.5 Engines, turbines, water wheels, and windmills ...,1923-25=100.. 492.6 177.0 Foundry and machine-shop prod__do 524.6 Machine tools*._..__ do 199. 7 Radios and phonographs.. ..do 174.6 Metals, nonferrous, and products do 264.1 Bass, bronze, and copper prod do 99.7 Stone, clay, and glass products do 70.8 Brick, tile, and terra cotta.._ do.... 153.1 Qlass... _.. do 242.4 Transportation equipment do Aircraft*... d o . . . . 8,125.9 194.6 Automobiles _ „_ do . Shipbuilding*..._. _ d o — . 483.6 127.4 Nondurable goodst... do 169.2 Chemical, petroleum, and coal prod..do 233.0 Chemicals _. do 178.0 Paints and varnishes _ do 156.8 Petroleum refining do 363.6 Rayon and allied products do 143.8 Food and kindred products do Baking d o . — 153.9 137.3 Slaughtering and meat packing do 97.4 Leather and its manufactures .do 92.1 Boots and shoes. do 127.7 Paper and printing ...do 155.0 Paper and pulp .do 141.7 Rubber products.. .do 123.6 Rubber tires and inner tubes do 111.3 Textiles and their products! do 111.7 Fabrics. _ ..do 103.8 Wearing apparel do Tobacco manufactures do Nonmanufactured, unadjusted: Mining: Anthracite 1929=10051.2 104.5 Bituminous coal _ ___..do Metalliferous _ do 86.0 Crude petroleum producing. .do*--. 59.4 55.5 Quarrying and nonmetallic do Public utilities: 111.3 Electric light and power.. do 75.6 Street railways and busses .do 112.1 Telephone and telegraph , do Services: Dyeing and cleaning..do 102.3 Laundries _T do 87.0 Year-round hotels : do-... Trade: 94.5 Retail, totalt , do General merchandising! do 99.6 Wholesale do 87.5 1941 April May 99.5 '134.7 101.4 ' 149.9 f 144.0 r 163.0 ' 102.9 '150.9 '160.9 164.1 135.7 ' 172.5 ' 141.5 103.4 64.8 113.5 '127.3 75.7 63.6 95.2 75.9 66.4 58.1 '113.8 '151.6 '78.0 ' 102.5 '66,0 113.9 85.8 125.1 ' 197.6 157.8 '229.6 118.3 ' 217.1 '229.0 192.3 92.4 82.0 '97.8 '95.8 '87.1 95.6 98.9 88.4 84.8 89.3 78, 4 '91.7 '98.6 '83.4 91.5 95.8 84.6 29 38 05 102 23 28 34 40 147 136 8- 45 56 154 159 KJ6.047 635,809 472,734 120,152 thousands. do.__ do... 126 54 43 190 31 139 5,597 5,856 5,129 4,522 FOODSTUFFS AND TOBACCO Alcoholic beverages: Fermented malt liquors; Production Tax-paid withdrawals.. thous. ofbbl. ..do>_. 6,055 5,618 Alcoholic beverages—Continued. Fermented malt liquors—Continued. Stocks _ ...thous. of bbl. 9,006 Distilled spirits: Production thous. of tax gal. 12,407 Tax-paid withdrawals _ d o . . . 9,287 Stocks. do._. 551,421 Whisky: Production _ d o . . . 9,434 Tax-paid withdrawals d o . . . 7,215 Stocks d o . . . 504,077 Dairy products: Butter: Production, creamery (factory)..thous. of lb._ 214,735 Cheese: 101,600 Production, total (factory)t do 83,145 American whole milkf _. do Meats: Total meats: Consumption, apparent. mil. of lb_. ,190 Production (inspected slaughter)...,...do Beef and veal: Consumption, apparent thous. of lb_. 512,112 Production (inspected slaughter) do Lamb and mutton: Consumption, apparent do 54,458 Production (inspected slaughter) do Pork (including lard): Consumption, apparent do Production (inspected slaughter), total ' thous. of l b . 623,078 115,719 Lardf _ do. Tropical products: Coffee, visible supply: United States thous. of bags.. 2,224 Sugar, raw: United States: Meltings, 8 ports long tons.. 402,504 654,105 Stocks at refineries, end of month . . . d o Tobacco: Manufactured products: Consumption (tax-paid withdrawals): Small cigarettes millions.. 18,523 Large cigars thousands.. 478,802 Manufactured tobacco and snuff thous. of l b . 27,660 '215.3 210.7 ' 372.6 '453.7 152.5 '165.0 95.8 302.9 472.2 ' 505.3 163.9 '191.5 134.0 105.8 157.0 '166.3 140.8 233.6 ' 245.4 91.1 73.4 '97.8 62.4 51.1 '69.0 143.5 '150.3 111.0 191.4 '216.8 121.0 968.2 '7,134.4 7,700.9 112.0 ' 147.3 ' 171.1 185.8 392.5 ' 430.2 97.4 '117.7 ' 122.7 133.2 156.6 ' 162.4 165.2 208,3 '221.8 136.2 157.9 '170.4 137.1 142.4 ' 146.3 314.3 342.3 ' 356.2 129.0 134.7 140.8 '125.2 ' 148.4 114.7 '140.9 115.1 ' 133.1 67.0 92.3 91.0 62.7 89.1 86. 7 112.3 124.9 126.2 121.2 139.1 LEATHER AND PRODUCTS ' 145.6 86.4 122.8 '129.0 77.5 107.1 '111.6 Hides and skins: 75.4 107.0 Livestock (federally inspected slaughter): 110.3 72.5 Calves ..thous. of animals. '109.2 76.6 ' 104.1 106.2 Cattle..— do,... ' 105.7 66.9 '58.9 Goes. ..do.... '66.8 Sheep and lambs do... Leather; 24.3 40.6 33.4 Production: 73.9 '15.8 99.2 Calf and kip thous. of skins., 65.4 '78.6 81.8 Cattle hides thous. of hides 58.8 '57.8 59.6 Goat and kid thous. of skins.. 43.9 53.6 47.0 Sheep and lambt do Stocks of cattle hides and leather, end of mo,: 110.3 104.8 ' 107.6 Total thous. of equiv. hides.. 70.5 73.0 72.0 In process and finished do 100.0 ' 107.1 109.2 Raw _ do TRANSPORTATION Freight*car surplus, totalj Box carsS Coalcars$_ June 1940 June 1941 April May 9,019 FOODSTUFFS AND TOBACCO-Con. FOREIGN TRADE Agricultural products* quantity: Exports, domestic, total:t Unadjusted. , 1924-29=100. Adjusted do... Total, excluding cotton: Unad justed, , do... Adjusted—„ , do.,. Imports for consumption:* Unadjusted „ _do.._ Adjusted do... T Iron and steel: Exports (domestic), total long tons. Scrap _ do... 1941 Earlier data are available in monthly issues of the Survey and the 1940 Supplement 5,839 5,380 440 867 3,336 1,378 8,642 8,834 10,658 14,725 10,862 8.011 525,395 546,764 14,728 9,722 549,788 8,187 11,860 8,331 6,144 480,938 499,854 12,027 7,535 502,847 205,400 163, 535 215,570 93,300 75,500 72,800 54,120 99,700 76,665 1,144 1,177 1,186 1,215 1,286 1,327 J41,163 486,031 129,851 473,364 558,783 538,542 52,427 52,245 61,833 62,214 65,301 64,752 550,297 637,891 662,123 694,535 679.746 121,511 125,746 723,277 139,714 2,151 997 336,579 442,264 557,564 460,549 17,565 15,854 17,858 435,029 490,585 475,067 27,660 29,127 29,232 437 738 3,886 1,378 507 792 3,807 1,436 501 90S 4,023 1,551 1,452 3,087 2.880 1,102 2,208 3,677 4,077 1,033 2,264 3.761 4,632 12,721 ' 13.001 8,905 8.677 3,816 4,324 12,896 8,594 4,302 METALS AND MANUFACTURES Nonferrous metals: Copper: Production: Mine or smelter (including custom intake) short tons.. Refinery ..do Deliveries, refined, total. ,..do Domestic do. Export ..do Stocks, refined, end of month do.... 82,674 88,560 115,139 115,097 42 98,164 79,845 86,077 65,155 61,716 3,439 199,586 8S.042 '90,342 89,687 89,390 123,629 144.293 123,580 144,293 49 0 98,789 ' 93, 076 STONE, CLAY, AND GLASS PRODUCTS Portland cement: Production... _ thous. of bbl_. Percent of capacity Shipments thous. of bbL. Stocks, finished, end of month „ do Stocks, clinker, end of month do Glass products: Glass containers: Production thous. of gross.. Percent of capacity Shipments, total thous. of gross.. Stocks, end of month do Plate glass, polished, production..thous. of sq.ft. Window glass, production thous. of boxes.. Percent of capacity TEXTILE PRODUCTS Cotton consumption bales.. Rayon: Deliveries (consumption), yarn* mil. of lb_. Stocks, yarn, end of month do 15,222 12.490 12,196 14,732 69.4 59.3 74.0 '58.8 l6t109 13,223 14.132 16,048 21,863 24,010 24,056 ' 22.750 6,005 5,779 5,907 6,207 6,865 18,534 1,304 80.3 4,429 79.7 69.1 5,230 5,573 9,180 9,612 9,783 18,344 908 1,400 55.9 6,246 93.5 6,402 9,244 18,394 1,282 78.9 875,137 565,416 920,142 918,902 38.6 4.3 31.4 12.8 38.7 7.4 ' Revised. « Data for May latest available. *New series. Bee note on corresponding items in the July 1941 StravEY. tRevised series. See note on corresponding items in the July 1941 SUEVEY. jData for 1940 include fleshers and exclude skivers. jData for May 1941, represent daily average for 9-day period ending May 31 and for June 1941, daily average for week ending June 28. 426,159 608,701 U. S. GOVERNMENT PRINTINS OFFICE: 1141 '40.2 '5.8
@FedFRASER