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SURVEY OF CURRENT BUSINESS
i
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C.f JULY 9, 1942
SUMMARY OF BUSINESS TRENDS
A NEW all-time high was reached in civil nonagricultural employment during May with a total of 41,200,000 reported, a
contraseasonal increase of nearly 330,000 from April and an increase of 120,000 from the previous peak of last December.
Employment figures reveal significant trends relating to the expansion of industrial activity under the stimulus of the war
program. Since May 1941, employment has increased almost
2.3 millions or 6 percent. Nearly half this increase is concentrated in manufacturing industries. Government services, contract construction, transportation, and other public utilities also
show large gains.
For the first time since last November, automobile plants reported an employment increase (5.6 percent from April to May),
indicating the important part that these converted plants are
beginning to play in the production of war materials. Among
other war industries that continue to register employment gains
are shipbuilding, aircraft, engines, machine tools, foundries and
machine shops, and ammunition and firearms. Material shortages combined with conversion lay-offs, however, brought reduced employment in a number of durable and nondurable industries. Among the more important are the tinwear, radio,
typewriter, and rubber goods industries.
May indexes of factory employment and pay rolls were the
highest on record, the gain over a year period being 9.7 and
33.7 percent, respectively. The payroll increase was nearly 4
times the employment expansion as a result of longer working
hours, overtime pay, and wage-rate increases. The increase in
wages and salaries was primarily responsible for the 1-point rise
from April to May in the adjusted index of total income payments
which now stands at 163 percent of the 1935-39 average.
During May retail trade continued the decline that began
last February. Sales of all retail stores are estimated at $4,437
million compared with $4,467 million in April and $4,930 million
in May a year ago. When allowance is made for the substantial
price advances over the 12-month period, the physical volume
of retail trade has fallen approximately 21 percent.
A slight decline from April to May-to sales of durable goods
stores, in contrast to the usual seasonal rise, resulted in a 7percent drop in the Department of Commerce adjusted index of
such sales. This index, standing at 97, is below the 1935-39
average for the first time since 1938. For nondurable goods
stores there was little change in either dollar sales or the adjusted
index.
The decline in retail sales and the job openings available in
other lines are reflected in the employment situation. Since
May 1941, employment in retail trade has fallen 2 percent and
in wholesale trade over 1 percent. Employment in almost all
wholesale and retail trades declined from April to May.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
(PERCENT OF CAPACITY)
140
4.5
120
4.0
too
ELECTRIC POWER PRODUCTION
(BILLIONS OF KILOWATT HOURS)
TOTAL
FREIGHT CARLOADINGS
(THOUSANDS OF CARS)
BITUMINOUS COAL PRODUCTION
MISCELLANEOUS CARLOADINGS
(THOUSANDS OF CARS)
3.5
80
3.0
60
2.5
40
2.0
CRUDE OIL RUNS - T O - STILLS
(MILLIONS OF BARRELS- DAILY AVERAGE)
5.0
tDAILY A V E R A G E - T H O U S A N D S O F TONS)
4.5
1942
4.0
3.5
V s - 1940
3.0
2.5
t
•
i
>
,
i
,
COMMERCIAL LOANS
(BILLIONS OF DOLLARS)
WAR
KH.A. HOME MORTGAGES
(NUMBER SELECTED FOR APPRAISAL ON HOMES TO BK BUILT)
1
120001
^
1
'20
WEEKLY WHOLESALE
PRICES
(1926-100)
INCOME PAYMENTS
(SEASONALLY ADJUSTED 1935-39-100)
ACTIVITIES-TREASURY EXPENDITURES
(BILLIONS OF DOLLARS)
200
MONTHLY DMt
/
/
|
1939
468656-42
, — -
. , I . . 1 , . 1 . .
1939
1942
WEEKLY BUSINESS INDICATORS
[Weekly average, 1935-39=100, except as indicated; d a t a beginning J a n u a r y 1939 for most of t h e series on a 1935-39 base a n d 1939 a n d 1940 data for the N e w Y o r k Times index
of business activity, also d a t a beginning September 1939 for t h e price index of 28 basic commodities, are shown in table 32, p p . 24-26, of the November 1941 SURVEY]
1942
1940
1941
1943
July June June June June July June July June
27
20
28
6" 29
13
6
Business activity^ .
New York Times§
130.2 130.0 131.4 131.0 131.1 132.1 107.1109.6
146.9 146.5 146.9 146.8 138.5 139.0 113.5 113.1
Barron's 1923-25=100
182.2 181.5 182.1 183.0 160.9 162.0 125.9 125.9
Business Week§, 1923-25=100..
Commodity prices, wholesale:
Dept. of Labor:
»98.4 pfl8.1»98.4*98.7 87.7 87.7 77.5 77.1
Combined index, 1926-= 100...
104.6 104.5 104.3 105.6 84.1 84.2 66.7 65.7
Farm products
84.1 84.3 70.4 69.7
93,4
Food
82.4 82.3
89.2
*96.0
AUother
._
28 basic commodities©
167.1 167.2166.8 166.5 166.0 146.1 149.1 110.7110.2
Fisher's index, 1926=100:
Combined index.
108.2 106.6 106.5 106.6 106.7 94.3 95.1 82.2 82.1
Copper, electrolytic*.
112.9 112.9 112.9 112.9 112.9 112.9 112.9 103.3 104.3
Cotton, average, 10 markets!... 179.0 175.3 173.1 171.1 175.6 132.3 133.2 97.1 97.9
4218
421.8 357.3
170.9
171.8
Construction contracts!,
Distribution:
Carloadings
130.9 129.6 127.7 131.1 113.6 139.3 97.7 115.4
1940
1941
July June June June June July June July June
27
Distribution—Continued.
100
Department store sales
,
Employment, Detroit, factory,
1923-25=100..
:..
Finance:
83.2
Bond yields!
65.7 65.1
Stock prices!
Banking:
Federal Reserve reporting
member banks:
Loans, total
'__. 125.4 125.1
195.9 193.1
Currency in circulation!
Failures, commercial, 1939=100. 65.7 70.0
Production:
145.1
Bituminous coaljd1
162.3
Electric power
Petroleum!
U7.5
28
13
20
116
117
135
86
109
119.6
96.0
83.2 83.5 83.5 81.7 82.0
66.1 66.0 64.8 82.7
88.9 89.9
83.3
123.0
125.8 126.6 127.3 122.0 120.5 98.8 98.fi
192.3 192] 1 191.6 152.8 150.0 124.8 123.1
63.6 61.1 67.5 76.3 80.9 91.5 101.1
141.9 144.5 142.5 153.5 143,9 111. 3
161. 2 162.6 158.3 136.3 148.2 113.9
117.5 116.9 113.8115.5 121. 5 113.8
183.6 186.5 187.1 189.0|l89.0 169.9 180.6 129.8
T
104.6
124.9
115.0
151.3
• Data do not cover calendar weeks in all cases.
ISeasonally adjusted.
!Daily average.
©Index for week ended July 11 is 185.9.
§For New York Times index, computed normal—100; this index has been revised back to January 1941; 1941 and 1942 data are shown on the revised basis beginning with
the Jan. 15, 1942, and Feb. 26, 1942, Issues, respectively. The Business Week index has also been revised for 1941 and 1942; 1941 data are correct as published only beginning
with the issue of Feb. 5,1942; 1942 revisions were first shown in the issue of Mar. 19.
©Thursday prices; August 1939-100.
* Preliminary.
cTData revised beginning January 1939.
WEEKLY BUSINESS STATISTICS •
1942
July 4
June 27
June 20
1941
June 13
June 6
July 5
1940
June 28
July 6
1939
June 29
July 8
July 1
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York!.
dol. per lb-.
Cotton, middling, ifie", average 10 markets!!—do
Food index (Bun and Bradstrcet)
do
Finished steel, Composite*
dol. per ton..
Wheat, No. 2, Hard Winter (Kansas City).dol. per bu_.
FINANCE
Banking:'
Debits, weekly reporting member banks in 101 cities,
total©
mil. of dol..
New York C i t y 0 . . . . .
__.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:
Depos|ts, demand, adjusted
do...
Deposits, time
do
Investments, total
do
U. S. Government direct obligations
do.__
Obligations guaranteed by U. S. Govt
do...
Loans, total
_
do...
Commerc'l, indust'l, and agricult'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, commercialnumberSecurity markets:
Bond sales (N. Y. S. i?.)_..thous. of dol. par valueBond yields (Moody's)X
percentStock sales (N. Y. S. E.)_
thous. of shares..
Stock prices (N. Y, Times)t
dol. per share..
Stock prices (Stand, and Poor'*) (402) V .1935-39=100.
Industrials (354)
1
do...
Public utilities (28).
do...
Railroads (20).
do....
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Bituminous coal!
thous. of short tons.
Electric powerA
mil. of kw.-br.
Petroleum!
thous. of bbl.
Steel©
pet. of capalty...
Construction contract awards!
thous. of dol.
Distribution:
Freight carloadings, total
cars..,
Coal
_
_
do...
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.__,
0.118
.195
3.68
56.73
1.09
0.118
.191
3.66
56.73
1.11
0.118
.188
3.67
56.73
1.14
0.118
.186
3.66
56.73
1.12
0.118
.191
3.66
56.73
1.10
0.118
.144
3.06
56.73
0.118
.145
3.08
56.73
.98
0.108
.106
2.24
56.60
.72
0.109
.107
2.20
56.60
.75
0.098
0.098
2.17
55.70
2.18
55.70
.70
11,174
4,719
9,497
3,581
10,161
3,991
8,668
3,459
9,066
3,442
11,006
4,834
8*635
3,441
3,845
6,678
2,812
7,186
3,334
2,873
2,728
12,192
2,259
2,698
2,583
12,523
2,648
2,803
2,579
12,706
2,791
2,708
2,568
12,629
2,782
2,723
2,532
12,653
2,783
2,273
2,184
13,125
5,265
2,249
2,184
12,985
5,145
2,503
• 2,450
13,737
6,812
2,511
2,473
13,723
6,801
2,569
2,551
10,151
4,292
% 567
2,551
10,116
4,243
25,502
5,095
21,642
16,200
2,032
10,740
6,469
1.00
1.25
12,431
• 4.035
186
25,948
5,080
15,316
2,045
10, 718
6,505
1.00
1.25
12,250
• 4.035
198
26,058
5,107
20,901
15,318
2,046
10,776
6,546
1.00
1.25
12,202
-4.035
180
26,022
5,094
20,892
15,289
2,057
10,844
6,552
LOO
1.25
12,188
-4.035
173
25,483
5,092
20,974
14,559
2,667
10,905
6,542
1.00
1.25
12,155
• 4.035
191
23,949
5,419
17,872
11,255
3,C38
10,453
5,895
1.00
1.25
9,695
•4.031
216
24,046
5,410
17,955
11,274
3,030
10,324
5,825
1.00
1.25
9,515
•4.030
229
20,510
5,331
15,124
9,202
2,405
8,462
4,438
1.00
1.25
7,918
• 3.791
259
20,681
5,312
15,146
9,202
2,408
. 8,435
4,399
1.00
1.25
7,809
• 3.793
286
17,109
5,229
. 13,858
8,485
2,150
8,142
3,872
1.00
1.25
7,096
4.681
208
^7,220
5,237
13,862
8,423
2,148
8,089
33,141
3.37
1,417
71.09
65.5
67.6
57.1
.59.8
28,799
3.37
1,412
70.42
65.3
68.2
57.4
58.4
27,508
3.37
1,704
71.54
67.4
69.7
59.4
59.0
28,444
3.38
1,678
71.44
66.5
68.4
59.9
59.1
35,243
3.38
2,162
70.12
65.3
67.2
58.4
59.6
28,520
3.31
1,657
89.51
80.5
81.0
80.8
70.8
51,590
3.32
2,704
89.60
80.4
80.8
81.0
71.1
18,400
3.60
1,385
89.61
79.8
•78.1
93.5
64.7
24,370
3.64
3,585
90.12
78.4
77.0
91.2
62.1
17,840
3.71
1,442
95.42
88.0
87.9
96.8
05.5
28,970
3.71
3,126
94.63
87.4
87.4
95.7
64.7
1,854
3,434
3,721
98.3
39,665
1,888
3,464
3,700
99.3
33,598
1,863
3,372
3,602
96.5
1,896
3,457
3,719
98.0
2,006
2,904
3,658
91.8
1,881
3,157
3,847
99.9
16,159
1,455
2,425
3,602
74.2
1,367
2,660
3,640
86.5
16,06S
1,186
2,145
3,530
38.5
1,119
2,396
3,463
54.3
16,592
853,441
166,151
14,123
52,352
44,066
10,676
92,209
88,167
385,697
844,913
164,500
14,309
49,970
38,946
11,031
94,075
92,264
379,818
832,726
166,341
14,231
48,261
34,686
11,159
94,556
86,285
377,207
854,689
163,734
13,885
53,319
35,871
12,484
97,587
92,453
385,356
740,493
12,638
37,287
50,921
7,970
138,616
71,756
327,337
908,604
170,884
14,023
46,404
52,931
9,470
159,300
73,025
382,567
637,169
103,555
10,439
25,019
47,628
8,876
127,236
65,778
248,638
752,647
123,861
10,816
35,884
44,778
11,041
149,432
67,500
309,335
555,152
85,897
5,600
22,016
53,485
9,418
127,661
36,423
214,653
661,404
104,670
6,104
33,010
51,491
10,415
153,457
44,102
258,155
227
314
217
311
226
228
329
156
195
194
261
164
232
185
343
7,421
; ?' 344
1.00
1.25
7,005
4.681
264
0 Debits to demand deposit accounts, except interbank and U. S. Government accounts, in 1Q1 cities; the former series for 141 cities is no longer available weekly.
1 Daily average. # Data do not cover calendar weeks in all cases. • Free rate.
1 Revised series. See table 32, pp. 24-26 of the November 1941 SURVEY for stock prices beginning January 1939 and cotton prices beginning August 1939.
* New scries. This series replaces the iron and steel composite price, which has been discontinued by the compiling source.
® Rate for week ended July 11 is 97.7; data for 1942 are based on estimated capacity as of Dec. 31,1941, of 88,570,000 tons of steel ingots and steel for castings.
t Comparable data are not available prior to 1940 because of a change in the markets included in the data beginning with that year.
A 1941 data are shown on a revised basis beginning with the Jan. 15,1942, issue; 1941 and earlier revisions not published are available on request.
MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1942
1941
June
June
1943
April
May
151
137
153
141
148
116
191
169
134
118
118
107
126
97
96
142
126
150
131
158
142
118
120
190
158
136
152
134
159
143
131
120
189
152
138
15,266
11.038
2,060
2,167
8,776
3,112
3,878
1,786
8,914
5,416
2,061
1,437
14,462
9,800
3,267
1,394
CONSTRUCTION AND REAL ESTATE
Highway construction:
Concrete pavement contract awards:
Totalf
thous. of sq. yd..
Airports*
_-.
-do
Koiis
do
Streets and alleys—.do
DOMESTIC TEADE
Mail-order and store sales:
Total sales, 2 companies
thous. of dol.. 117,597
Montgomery \yard & Co
.-..do
48,476
Sears/Roebuck <fc Co
do
69,121
131,439
52,872
78,568
133,905
57,604
76,301
119,117
50,762
68,356
24,672
2,775
3
2,645
20,830
20,566
24,672
13,957
12,305
2,362
9,376
89.3
23,704
2,267
2
2,184
20,583
20,322
23,704
15,863
13,051
5,210
6,724
91.1
24,359
2,468
2,357
20,824
20,510
24,359
14,204
12,658
2,791
8,821
'90.4
24,468
2,634
7
2,489
20,799
20,522
24,468
14,094
12,405
2,486
9,071
89.8
.298
.061
.301
.900
.570
.206
4.035
»22 737
* 12,378
.061
.301
.882
.570
.205
4.032
22,624
9,612
.298
.061
.301
.872
.570
.206
4.035
22,691
11,767
.298
.061
.301
.886
.570
.206
4.035
22,714
'12,074
72.422
48,979
64,961
68,571
04,083
454
42,285
574
57,139
465
60,501
462
"885
6,120
7,358
7,518
FINANCE
Federal Reserve banks, condition, end of mo.:
Assets, total
mil. of doL.
Res. bank credit outstanding, total, do
Bills discounted
do...
United States securities
do
Reserves, total.
_.do._.
Gold certificates
...do...
Liabilities, total..
do...
Deposits, total_.
__do_._
Member bank reserve balances d o . . .
Excess reserves (estimated)....do
Federal Reserve notes in circulation.do...
Reserve ratio
I.
:.do__.
Monetary statistics:
Foreign exchange" rates:
Argentina
i
dol. per paper peso.
Brazil, officialdol. per milreis.,
British India.J
.
dol. per rupee.
Canada....... J...dol. per Canadian dol.
Colombia
J
...dol. per peso.
Mexico
...
do...
United Kingdom
..dol. per £.
Gold, monetary Stock, U. S
mil. of dol.
Currency in circulation, total
L.do....
Public finance (Federal):
Debt, gross, end pf month.
do...,
Public issues- •
Interest bearing
...do....
Nohinterest bearing
.do—
Special issues ! to Government agencies
and trust funds..
mil. of dol.
Obligations fully guaranteed by U. S. Govt.:
Total amount : outstanding f
mil. of dol.
Expenditures, total f__t
thous. of dol.
Nati6nal defense *
..do...
Agricultural adjustment program *_do...
Unemployment relief *..
...do...
Transfers to trust accounts!
.^.do...
Interest on debt *...
i.do...
Debt retirements..—.:
:.do...
All other * . . . '
.
;.do—
Receipts, total - ] - - . .
.
-.do...
Receipts, net *._
i
i.do...
Customs.
;
j.do...
1
Internal revenue, total-—,—'
+ .do...
Income taxes t ^
----i.do...
•' Social Security takes.:—-i.do...
Stock prices:
}
•
f
Dow-Jpnes & Co., Inc. (65 stocks) | "
|
;
• dol. per share.
x
Industrials (30; stocks).__—_
I.do..:
Public utilities (15 stocks)__
;.do:..
Raild
(20stocks).._.
„
_
.
_
.
.
..do...
Nrew York Times {50 stocks) I. do...
Industrials (25 stocks) _
. . . . ; . do...
Railroads (25 stocks)
::_._*_do___
| TRANSPORTATION
Freight-car loadings (A. A. R.): 1
Total qars
J
thousands.
t
CoaU...
•
I.do...
Coke;
_.J
:
i.do...
. Forest products...
........_i_do...
Grains and grain products.__.-..udo...
Livestock..:
:..
....!.do...
Merchandise, 1. c. 1
i
L.do...
Ore.I...
:__.,
.....i.do...
Miscellaneous.
__.J.___udo...
Freight-car surplus, total: __
L.do:..
Boxcars
j
,.
^do.::
Coal cars
'
I.do...
1943
1941
May
May
1943
March
April
' 158.4
' 168.6
156.0
'161.5
•• 172.1
158.3
' 8,802
' 6,066
BUSINESS INDEXES
COMMODITY PRICES
Prices received by farmers:
U. S. Department of Agriculture:
Combined index
s.... 1909-14=100.
Chickens and eggs
do
Cotton and cottonseed
do
Dairy products
do
Fruits..
L
do_
Grains
„.:
do.
Meat animals
_„'
do—
Truck crops..;
do
Miscellaneous
do
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
4,549
4,531,073
3,^2,720
31,448
72,329
1,047
3<J0, 243
1,309
211,917
2,493,637
-.492,259
27,022
2,424,223
2,086,465
41,908
34.20
103.75
11.93
23.59
71.07
125.05
17.10
3,386
661
57
204
154
45
378
359
1,528
82
" 55
6,360
5,667
5,666
1,545,602 3,755,299 3,954,968
832,233 3,230,780 3,552,676
22,025
62,257
130,897 91,019
82,081
9,565 48,260
339,431 76,598
19,203
2,289
17,128
1,500
194,322 240,653 236,246
1,277,092 732,237 764,037
1,276,009 695,433 562,666
38,217 32,386
29,608
'1,211,088 683,522 708.059
916,170 335,370 216,135
31,817 43,232 222,134
40.95
121.57
17.61
28.11.
88.29
156.09
20.48
3,510
642
54
. 175
172
301
1,490
71
34
17
32.92
97.79
11.06
24.56
67.52
117.45
17.59
3,351
645
56
196
141
50
525
235
1,503
56
28
12
33.12
98.42
11.68
24.29
68.30
119.25
17.35
Income payments :t
Indexes, adjusted:
Total Income payments;...
1935-39= 100.:
Salaries and * T ages...._
!_do
Total nonagncultural income i.do
Total..:
' _
mil. of dol...
Salaries and wages:
Total §
....
..do....
Commodity-producing industries
mil. of dol..
Work-relief wages..—
.
.do
Direct and other relief,
do
Soc.-sec. benefits and other lab. inc.do
Dividends and interest
do
Entrepreneurial income and net rents and
royalties
.
.
mil. of dol..
Total nonagricultural income
.do.,..
Mfrs.' orders, shipments, and inventories:*
New orders, total
..Jan. 1939=100..
Durable goods J
..
....do
Electrical machinery
...do....
Other machinery
..
Ldo
Iron and steel and their products.do—
Other durable goods..:
..do
Nondurable goods.._
Ldo
Shipments, total:average month 1939=100..
Durable goods.
..J.do
Automobiles and equipment
<-do_—•_
Electrical machinery...
—do
Other machinery
Ldo....
Iron and steel and their products.do
Trans, equip, (exc. automobiles).do
Other durable goods
..do
Nondurable goods
.
.do
Chemicals and allied products . . . d o
Food and kindred products
.do
Paper and allied products
....do
Petroleum refining
.do
Rubber products
.
—_T —do
Textile-mill products
.do
Other nondurable goods
:
.do
Inventories, total
J_do____
Durable g o o d s j . . . . .
J.do
Automobiles 'and equipment
.do
Electrical machinery...
—_4-do
Other machinery
L__
J.do..__
Iron and steel and their p r o d u c t s . d o —
Transportation e q u i p m e n t . . . . . - l - d o —
Other durable goods..:
Ldo
Nondurable goods
J.do
Chemicals and allied products...do
Food and kindred products
Ldo
Paper and allied products
.do
Petroleum refining
..j.do
Rubber products
.do
Textile-mill products
-J.do
Other nondurable goods...
.Ldo
P162.7
p 175.3
9 160. 3
5,057
5,905
*2,90l
»62
2,191
115
93
158
491
v 1,663
*7,802
1,293
6,518
2,670
75
94
177
924
' 1,599
'7,935
*>736
P222
207
290
308
276
307
j
i
•
143.1
126.6
105.3
18.0
2.4.5
32.7
26.8
25.4
27.5
19.3
25.3
177.8
216.1
190.3
184.3
33.8
42.7
51.8
47.0
42.3
45.4
36.9
41.7
281,9
277.1
87.0
79.3
'84.9
••84.4
'71.4
'76.0
* 1,249
»209
P165
p 169
»166
»157
"198
>154
p 170.7
v 190.3
v 219.1
p 269.0
p 502.7
r 130.1
.* 764.3
* 140.3
P159.9
p 161.1
p 113.1
195
382
170
134
155
128
145
120
166
148
120
128.7
144.1
155.1
183.9
144.1
124.5
403.1
116.5
115.2
118.4
117.3
117.6
103.2
268.2
57:6
70.4
m i l . <)f d o l . . .
; •. \ \
Corporate, to; t a l . - _ . . .
:...::do....
• •• - Industrial.!
...^..^w-.^-.i.do—
' Public utility,..:
iido:...
Rail.--L--L~---i:do.
Other
t
^-do.
Noncorporate, totaL....._.._.. 4 .do
U.S. Government and agencies-do....
S^ate and municipal
..._^do.—
4,171
New corporate security issues:
j
830
Estimated net [proceeds,1 total
j-do....
70
Proposed usds of proceeds:
>
245
New money, total ——^...—do—
174
j Plant anfl equipment..:_._:.do....
62
: Working; capital
i.do.'-..
" 492
• . Repayment of debt and retirement of
420
| stock* total...
j-L.mU. of dol..
1,878
: Funded debt........
r.i.do....
70
Other d e b t . . . .
......do....
42
Preferred stock
.--.
i-do....
10
' 1,663
' 7,965
Vl63."6
269
154
161
195
192
207
192
*204
Securities issued (Sec. and Exch. Com.):
Estimated gross proceeds, total.mil. |of dol.
By types of security:
'
j -•
Bonds, notes^ and debentures .-i-do.-Preferred stock
_
-|.do...
Common stobk
—
j.do-..-.
B y types of issjierS: , * : • • • • :
* 2, 781
* 68
92
, 171
810
274
427
477
442
256
673
176
199
235
131
257
270.
211
1,018
196
171
176
162
173
130
147
206
180
165.6
183.4
193.6
255.5
195.0
125.7
732.5
141.3
150.1
155.6
156.8
140.0
115.0
155.4
156.2
155.6
FINANCE
Bankings •
•.
Installment loans to consumers:*
By credit unions:
Loans made.L———...-—.mil. of dol—
Repayments!—-..
—-._.-J.do.
Amount outstanding, end of month
i .
| • •
mil. of dol...
By industrial banking companies:!
Loansmade.i.
^.do. ...
Repayments—
..:.do.._.
Amount
outstanding,
end
of
month
[
:
mil. of dol...
By personal finance companies: ; .
Loins madeJ_^
—;
.-j-do.Repayments.-_
..
..do.:..
Amount outstanding, end of month
j '•••
133.6
141.5
134.1
7,092
503.7
527.0
521.2
>.516.6
2,965
1,411
709
708
2,952
10
1,389
18
.
4
265
71
147
47
693
16
)
701
4
126
104
-•
' 292
449
'548
467
274
'677
, '192
'200
'239
'131
'259
279
'207
' 1,108
196
168
173
159
165
132
159
213
172
'167.0
' 186.6
'202.5
264.2
199.1
' 127.5
' 742.8
'141.5
'149.9
'157.7
• 157.9
'141.1
114.5
'154.3
' 155.8
'152.8
•
2 1
0
2,839
2,809
30
124
1,146
1,032
113
102
47
49
6
0
607
558
49
,
.. •
..-2
121
110
11
. 0
0
587
. 531
56
259
100
... 118
59
27
33
66
51
15
39
35
.4
70
15
'55
64
11
53
0
192
188
4
C)
61
41
15
5
48
.12
36
0
. ./ Reyised. * Preliminary* • Less than $500,000. *New series. See note on corresponding item in the June 1942 Survey, tRevised series. See note on corresponding
item in the June 1942 Survey. * IData for M a y 1942 are for 5 weeks; other months, 4 !;weeks. §Data for distributive and service industries and Government included in the
total But not available for publication separately.
i
- •• i
"
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
FINANCE—Continued
Security markets:
. Bonds:
Prices:
Standard and Poor's Corporation:
High grade (15 bonds)
dol. per $100 bond..
Medium and lower grade:
Composite (50 bonds)
do
Industrials (10 bonds)
do
Public utilities (20 bonds)..do....
Bails (20 bonds)
do
Defaulted (15 bonds)..
do
Domestic municipals (15 bonds)
do.,..
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of dol..
Face value.
do
On New York Stock Exchange:
Market value
.do
Face value
do
Yields:
Standard and Poor's Corporation:
Domestic municipals (15 bonds)
percent.Stocks:
Prices:
Standard and Poor's Corporation:
Combined index (402 stocks)
1935-39 = 100..
Industrials (354 stocks).
_do....
Capital goods (116 stocks)^do
Consumers goods (191 stocks)
do
Public utilities (28 stocks)....do_...
Rails (20stocks)
do....
Sales (Securities and Exchange Commis;
sion):
Total on all registered exchanges: ;
Market value..
_thous. of doU.
Shares sold
thousands- _
On New York Stock Exchange:
Market value...
thous. of dol..
Shares sold
thousands-.
Yields:
Preferred stocks, high-grade (15 stocks),
Standard and Poor's Corporation
percent.-
1943
1941
May
May
CHEMICALS AND ALLIED
PRODUCTS
Paint sales:
Paint, varnish, lacquer, and nllerstf
Total
thous. of doL.
Classified, total
do....
Industrial
._____•
do
Trade
do
Unclassified
do
Cellulose plastic products:
Nitro-ccllulose, sheets, rods, and tubes:
Consumption.
thous. oflb..
Production
do
Shipments
do
Cellulose-acetate, sheets, rods, and tubes:
Consumption
thous. oflb..
Production
_._•__ .do
Shipments
_-_
do
Moulding composition:
-»'
Production
do
Shipments.._
_
....do
April
117.7
117.0
116.7
117.8
107.4
102.2
87.1
26.4
99.3
102.4
106.2
89.4
21.0
98.8
106.1
101.8
88.6
27.6
99.3
107.1
102.3
88.4
26.7
122.1
128.2
119.7
122.1
91,837 119,252
179,690 218,628
137,003
306,812
99,075
202,862
100,577 121,066
196,932 286,211
86,629
186,165
2.58
2.44
80,772
165,276
2.45
2.14
63.2
64.7
66.3
77.1
77.3
79.6
66.0
67.2
70.8
63.3
64.8
67.8
62.9
57.2
74.8
78.9
70.7
63.9
60.5
65.0
61.8
56.5
61.1
265,455 384,462 341,230
12,625 17,618 16,391
'272,889
' 13,613
4.48
4.15
601,002 442,286
487,982 370,903
74,345 37,493
375,440 296,590
109,628 88,104
1943
1941
May
May
1942
March
FOODSTUFFS-Continued
Pork (including lard):
Consumption, apparent
thous. oflb
661,328 648,483
P r o d u c t i o n (inspected s l a u g h t e r )
total.
do
782,338 723,277 725,295
Raw sugar, United States:
Meltings, 8 ports.
;._
long tons,. 261,834 426,159 271,426
164,873 608,701 209,257
Stocks at refineries, end of month
do
April
741,802
319,209
179,311
FUELS AND BYPRODUCTS
Bituminous coal:
Industrial consumption, total
thous. of short tons,.
Beehive coke ovens
do
Byproduct coke ovens.
do
Cement mills
___
—do
Coal-gas retorts
.do
Electric power utilities
do
Kailways (class I)
do
Steel and rolling mills..
do
Other industrial
..do
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons..
Industrial, total
do
Byproduct coke ovens
do
Cement mills...
..do
Coal-gas retorts
..do
Electric power utilities...
-.do
Railways (class I)
_do
Steel and rolling mills.
do
Other industrial
do
Retail dealers, total
do
Coke:
Production:
Beehive
do
Byproduct
__
do
Stocks, end of month:
Byproduct plants, total-.
...do
At furnace plants..
do
At merchant, plants
. . . .do
34,496
1,099
7,451
647
145
5,101
9,394
819
9,840
31,199
S50
6,871
59$
134
4,916!
7,755
837
9,240
36,443
1,024
7,372
543
153
5,011
9,723
957
11,660
' 34,526
1,029
' 7,173
571
144
' 4, 717
' 9,189
863
10,840
67,409
60,609
9,176
876
331
15,854
11,473
1,099
21,800
6,800
37,483
32,583
4,725
483
162
8,991
6,135
737
11,350
4,000
57,221
51,761
7,881
743
13,891
9,910
1,013
18,030
5,460
" 61,836
' 55,746
'8,409
813
'301
14,767
10,816
1,050
19,590
6,090
700
5,276
571
4,852
652
5,200
655
5,059
1,432
975
457
1,405
741
664
1,430
920
509
1,448
963
485
40,410
421
475
881
45,106
572
643
1,247
38,220
2,954
' 45,590
3,449
41,853
437
594
910
34,766
1,149
1,376
2,179
3,346
8,584
14,932
1,664
2,289
3,833
10,184
15,647
1,513
2,340
3,760
9,640
18,013
3,500
1,267
3,993
1,153
3,297
1,127
'1,526
'2,372
' 3,751
' 9,730
' 17,127
' 3,607
'1,410
2,680
379
2,301
2,955
415
2,540
5,004
1,313
3,691
2,843
385
2,458
2,839
413
2,426
6,711
1,522
5,189
2,404
361
2,043
2,735
568
2,367
5,595
1,346
4,249
2,645
386
2,259
3,087
383
2,704
5,235
1,349
3,886
795
887
782
851
970
6-16
962
9(H
1,795
974
940
787
892
1,202
995
943
797
992
1,007
560
535
*579
'525
1,523
477
472
487
533
1,229
667
609
470
529
1,275
958
1,097
780
863
835
797
787
672
754
867
293
LEATHER AND PRODUCTS
226,187
10,079
'1,056
'38,362
'3,858
LUMBER AND MANUFACTURES
49,204
44,141
18,140
26,000
5,064
58,413
53,062
20,544
32,518
5,351
48,070
42,617
23,719
5,453
50,530
44,849
19,009
25,840
5,681
180
1,296
1,305
215
1,372
1,315
242
1.434
1,394
245
1,415
1,526
53
465
483
14
524
472
50
568
588
3,179
3,054
2,319
2,146
22
519
486
3,644
3,444
"3,607
3,461
ELECTRIC POWER
Electric power, production, total • _mil. of
kw.-hr.By source;
Fuel.
._
.do....
Waterpower
do
By type of producer:
Privately and municipally owned electric
utilitiesmil. of kw.-hr_.
Other producers,
do
?
FOODSTUFFS
Dairy products, production:
Butter, creamery (factory)
thous. of l b . .
Cheese, total (factory)
do....
Condensed and evaporated milk, case
goods:
Condensed, sweetened
.thous. oflb..
Evaporated, unsweetened
do
Total meats:
Consumption, apparent
.mil. oflb..
Production (inspected salughter).,.do
Beef and veal:
Consumption, apparent...
thous. of lb,.
Prod uction (inspected salughter)
do
Lamb and mutton:
Consumption, apparent
....do
Production (inspected slaughter)
do
Earlier dat* are available in monthly issues of
the Survey and the 1940 Supplement
Production, boots, shoes, and slippers:
Total
thous. of pairs.Athletic
..do..-All fabric (satin, canvas, etc)
do
Part fabric and part leather.
..do
High and low cut, leather, total
do
4.52
Government shoes *
do
Civilian shoes:
Boys' and youths'
do
Infants'
do
Misses' and children's
do—
540,118 ' 572, 531
Men's
do
445,490 468,007
Women's
do
59,106
66,116
Slippers and moccasins for housewear
360,011 • 366,756
thous. of pairs..
92,359 • 102,034
All other footwear
do
226,102 323,885 287,785
9,685 13,194 12,175
TRANSPORTATION
Financial operations (Class I steam railways):
Operating revenues, total...thous. of dol._
Freight
do
Passenger
do
Operating expenses
__-do
Net railway operating income
..do
1942
March
14,988
13,622
15,053
'14,588
9,630
5,358
9,367
4,255
9.438
5,615
' 8,979
'5,609
13,326
1,062
12,203
1,420
13,323
1,731
12,949
••1,639
204,955
136,280
218,118
98,210
137,010
88,770
150,695
103,030
4,356
440,632
5,426
10,130
350,495 335,203
4,404
356,799
1,282
1,345
1,338
1,376
558,783 560,617
530° 200 538,542 545,801
598,990
566,213
73,311
73,422
69,433
68,331
C)
1,374
1,285
1,327
65,301
64,752
National Lumber Mfrs. Assn.f
Production, total
mil. bd. ft..
Hardwoods
do
Softwoods
do
Shipments, total
do...
Hardwoods
do. . .
Softwoods
do
Stocks, gross, end of month, total--do
Hardwoods
—do
Softwoods...
do
Softwoods:
Southern pine:
Orders, newt
do
Orders, unfilled, end of month
do
Productiont
_
do
Shipmentst-do
Stocks, end of month
do
Western pine:
Orders, newt
do
Orders, unfilled, end of monthf
do
Productiontdo
Shipmentst
-do
Stocks, end of month
do..-..
West coast woods:
Orders, newt
do
Orders, unfilled, end of month
do
Productiont
do
Shipmentst
do
Stocks, end of month
do
1,334
759
891
682
742
1,030
1,029
747
877
875
TEXTILE PRODUCTS
Clothing, hosiery:
12,729
Production
thous. of dozen pairs.- 11,913 12,621 12,951
20,804 25,493 21,194
20,390
Stocks, end of month.
do
Wool:
Consumption (scoured basis):!
Apparel class.
thous. of lb-- 44,352 40, 716 53,880 '44,740
'2,544
6,555
Carpet class
do
388 10,904
Machinery activity (weekly average):!
Looms:
Woolen and worsted:
2,492
'2,754
2,602
Broad.-_
thous. of active hours.. 2,791
81
91
95
86
Narrow
do
145
241
177
Carpet and rug
do....
'136
Spinning spindles:
124,204 106,881 116,996 * 125,659
Woolen
-.
do
' 114,464
116, 753 119,838
Worsted
..do
* Revised. * Data for April are the latest available. *New series. See note on corresponding item in the June 1942 Survey. tRevised series. See note on corresponding
item in the June 1942 Survey. • See note on corresponding it«m in the June 1942 Survey. IMarch is for 5 weeks; other months, 4 weeks.
@FedFRASER