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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C , JUNE 11, 1942
SUMMARY OF BUSINESS TRENDS
*T*HE
tremendous strides which the Nation is.making in its
x
war effort are indicated by the rate of war expenditures.
Total war expenditures, including disbursements by the Reconstruction Finance Corporation amounted to $3.9 billion in May,
up 9.5 percent from April and 23 percent from March.
The bulk of the Treasury outlays for war activities—nearly
$3.6 billion in May—is accounted for, of course, by the War
and Navy Departments. Nevertheless, a substantial sum—
$626 million—went to fulfill the lend-lease commitments. This
sum measures to some extent the Nation's direct material aid
to the Allies. In the single month of May, lend-lease expenditures amounted to almost three-fourths as much as expenditures
-for- this-purpose during the^ntire year 1941.
Commercial, industrial, and agricultural loans as reported by
member banks in 101 leading cities have been falling steadily
during the past two and one-half months, thus reversing the
almost continuous rise which began in the autumn of 1940. In
the last week in May, these loans amounted to $6.6 billion, off
7 percent from the mid-March peak. They are now at lowest
level since early November of last year. Several reasons may
be advanced to explain at least a part of this decrease. In
general, curtailment in the sales of such products as automobile
and durable electrical equipment has diminished the need for
credit. Furthermore, finance company loans are being liquidated
as a result of restrictions placed upon consumer credit. In
addition, corporations recently have been floating rather large
loans upon the market, and a part of the proceeds are used to
reduce their obligations to commercial banks. Finally, the
Commodity Credit Corporation has been taking over agricultural loans reducing the volume of agricultural paper held by
banks.
Data now available for April indicate that manufacturers'
inventories increased by a substantial amount. A broad rise
extending throughout the entire durable goods group lifted the
Department of Commerce index of the value of all manufacturers' inventories to 168 (1939=100) -from 166 at the end of
the previous month. Total nondurable goods inventories were
up only slightly, with food products showing the largest increase.
In dollar terms the rise added about $200 million to the value of
stocks compared with a rise of $260 million in March. Retail
inventories have likewise increased. As a result o£
in recent months in anticipation of shortages, retf
are now valued at $7 billion, up 21 percent ove\
year.
SELECTED BUSINESS INDICATORS
TOTAL FREIGHT CARLOADINGS
ELECTRIC POWER PRODUCTION
STEEL INGOT PRODUCTION
(PERCENT OF CAPACITY)
(BILLIONS OF KILOWATT HOURS)
(THOUSANDS OF CARS)
CRUDE OIL R U N S - T O - S T I L L S
BITUMINOUS COAL PRODUCTION
(DAILY AVERAGE-THOUSANDS OF TONS)
MISCELLANEOUS CARLOADINGS
COMMERCIAL LOANS
F. H.A. HOME MORTGAGES
(BILLIONS OF DOLLARS)
(NUMBER SELECTED FOR APPRAISAL ON HOMES TO BE BUILT)
WEEKLY WHOLESALE-PRICES
(1926-100)
140
120
100
80
60
40
5.0
(MILLIONS OF BARRELS- DAILY AVERAGE)
(THOUSANDS OF CARS)
4.5
4.0
3.5
3.0
2.5
WAR
2000
ACTIVITIES-TREASURY EXPENDITURES
DEPARTMENT STORE SALES
(BILLIONS OF DOLLARS)
{SEASONALLY ADJUSTED I9£3-25*IOO)
140
MONTHLY DATA
A
130
120
110
100
90
1939
403911-42
1940
1941
80
1942
, . 1, , 1, , 1-,
1939
.. 1 . . 1 . . 1 . . r • ! i . 1 • - ' • •
1940
1941
\
2
WEEKLY BUSINESS INDICATORS *
[Weekly average, 1935-39=100, except as indicated; data beginning January 1939 for most of the series on a 1935-30 base and 1939 and 1940 data for the New York Times index
of business activity, also data beginning September 1939 for the price index of 28 basic commodities, are shown in table 32, pp. 24-26, of the November 1941 SURVEY]
1941
1942
1943
1940
Juno M a y M a y May'May Jumie M a y J u n e J u n e
23 12 9
7
31
8
1
Business activity:^
New York Times§
132.0132.3 132.6 132.6 327.4 129.4 106.5 105.8
J 146. 6 147,3 134.6 134.6 108.6 105.4
148.1 147. 3
BarroD's, 1923-25 = 100
—
181.9 181.0 181.0 181.8 155.7 U6.0 119.0 117.3
Business \Veek§, 1923-25=100..
Commodity prices, wholesale:
Dept.of LaLor:
85.9 85.2 77.4 77.8
Combined index, 1926=100...
P98. 8*98.7*98.5
67.8
1C6.01C4.8 104.3 1C4.0 79.6 77.3
Farm products.
99.4
£8.2 99.3 81.5 79.2 70.5 70.8
Food..
i. 9 *95.9 95.8 88.4 88.2 82.4 82.5
Allother
166.0 166.7 166,9il67.2 167.4 144.0142.9 109.4 110.3
28 basic commodities©
Fisher's index, 1926=100:
92.8 92.4 82.7 83.2
Combined index
—.
112.9 112.9 D2.9 112.9 112.9 112.9 112.9 108.1 1C6.2
Copper, electrolytictCOUOD, average, 10 marketst... 175.6 181.2 182.8185.2 185.5 119.8 118.8 93.0 93.fi
Construction contracts!
Distribution:
Carloadings..
_
Department store sales_
204.0 237.3
275.7
132.0
1940
1941
June May M a y M a y May June May June J u n e
8
31
6
30
23
16
9
7
Employment, Detroit, factory,
1923-25=100
Finance:
Bond yleldst - i
Stock prices!
Banking:
Federal Reserve reporting
member banks:
Loans, total
Currency in circulation?
Failures, commercial, 1939=100.
Production:
Biturrinous coalt
Electiic power
PctroleumJ
SteelS
123,8
102.6
83.2 83.0 83.0 82.7 83.0 83.2
64.8 63.3 62,5 62.6 62.4 79.2 77.9
93.8 93.8
78.9 79.7
U7.3
119.4 98.5 98.9
146.6 121.8 121.2
78.1 88.0 84.5
161.0 144.8 147.3 14fi,5 122.9 135.1 102.2 106.3
156.0J158.7,l57.6 158.0 144.0 138.7 122.0 116.3
122.5 113.7,110.0,111.9 120. 6 119.6 120.6 115.3
189.0 189.5 188.8 189.5 187.6 179.3 178.31H0.4
78.3(1'
134.5
127.3 128.0 128. 5 128.4 128.5 118.9
191.6 189.3 187.6 187.0 186.8 14S. I
- - - -76.3
- - 77.0
67,5 74.2 8 1 . 3 76.0
122.0 128.5 128.7 128.7 130.8 123.0 107.8 98.0
90
114 115
127 109 120
• D a t a do not cover calendar weeks in all cases.
^Seasonally adjusted.
JDaily average.
©Index for week ended J u n e 13 is 189.0.
§For N e w York Times index, computed normal =*1CO; this index Las t e e n revised back to J a n u a r y 1941; 1941 and 1942 data are shown on the revised basis beginning w i t h
t h e J a n . 15,1942, and F e b . £6,1G42, issues, respectively. T h e Business Week index has also been revised for 1941 and 1942; 1941 data are correct as published only beginning
w i t h t h e issue of F e b . 5,1942; 1642 revisions were first shown in the issue of M a r . 19.
O T h u r s d a y prices; August 19S9=1CO. * Preliminary.
WEEKLY BUSINESS STATISTICS*
1942
June 6
1941
1940
1939
May 30
May 23
May 16
May 9
June 7
May 31
0.118
,197
0.118
.202
3.68
56.73
1.16
0.118
.202
3.68
56.73
1.17
0.118
.130
2.96
50.73
.93
0.118
.129
2.93
56.73
.88
0.113
.101
2,19
56.60
,80
0.111
.102
2.19
56. GO
.82
0.098
0.098
56.73
1.13
0.118
.199
3.69
56.73
1.13
2.21
55.70
.75
2.25
55.70
.79
9,066
3,442
3,740
10,161
4,108
8,587
. 3,239
10,640
4,507
9,711
4,440
8,765
3,835
6,402
2,612
7,753
. .3,530
7,590
3,639
0,136
2,686
2,723
2.532
12,653
2,783
2,584
2,489
12,467
2,535
2,578
2,445
12,486
2,565
2,612
2,484
12,667
2,925
2,572
2,436
12,444
2,691
2,240
2,184
13,201
5,407
2,231
2,184
13,749
5,824
2,530
2,477
13,387
6,533
2,511
2,477
13,215
6,362
2,576
2,564
10,053
4,279
2,573
2,564
10,029
4,218
25,483
5,092
20,974
14,559
2,667
10,905
6,542
1.00
1.25
12,155
•4,035
191
25,511
5,095
20,764
14,510
2,670
10,962
6,557
1.00
1.25
12,014
•4.035
210
25.395
5,113
20,876
14,549
2,661
11,012
6,613
1.00
1,25
11,443
•4.035
230
25,241
5,116
20,221
13,910
2,666
11,001
6,669
1.00
1.25
11,864
• 4.035
215
24,854
5,127
20,127
13,792
2,679
11,008
6,649
1.00
1.25
11,853
•4.035
216
23,888
5,416
17,878
11,156
3,030
10,183
5,706
1.00
1.25
9,394
-4.032
218
24,311
5,425
17,689
10,974
3,022
10,226
5,673
1.00
1.25
9,302
•4.033
221
20,306
5,318
15,092
9,163
2,401
8,435
4,368
1.00
1.25
7,726
•3.342
249
20,287
5,312
15,049
9,081
2,399
8,475
4,367
1.00
1.25
7,687
* 3.183
239
17,057
5,229
13,679
8,318
2,092
8,116
3,833
1.00
1.25
6,983
4.684
279
16,965
5,235
13,554
8,237
2,055
8,126
3,822
1.00
1.25
6,972
4.683
249
35,243
3.38
2,162
70.12
65.3
67.2
58.4
59.6
28,626
3.37
1,554
68.57
64.8
66.4
£8.5
60.6
36,512
3.36
2,018
67.64
63.0
64.4
57.6
59.4
34,066
3.36
1,535
67.74
62.5
64.0
56.2
60,0
45,703
3.35
1,665
67.51
62.5
63.8
56.4
61.1
27,590
3.36
2,215
85.77
77.4
77.2
81.0
70.3
21,920
3.37
1,481
84.28
76.6
76.7
78.3
69.5
21,410
3.80
2,620
85.44
73.8
73.1
84.0
56.5
20,870
3.80
3,512
86.22
75.1
74.3
84.7
57.8
31,850
3.71
2,933
98.54
91.4
91.3
100.1
23,690
3.73
2,438
97.31
90.8
90.7
" 99.1
69.8
1,881
3,380
3,599
99.2
19,185
1,913
3,357
3,484
99.6
22,317
1,903
99.3
2,092
3,323
3,877
99.6
3,544
98.6
1,597
3,076
3,817
99.2
1,755
2,955
3,786
98.6
25,927
1,327
2,599
3,817
80.3
1,381
2,478
3,651
76.9
12,416
1,053
2,329
3,377
54.2
1,077
2,186
3,559
52.2
12,828
795,756
157,852
13,840
45,689
32,897
11,782
87,000
82,886
363,810
837,748
165,983
14,181
48,410
34,412
12,853
96,365
87,205
839,052
169.007
14,046
49,854
34,964
11,994
97t219
83.793
378,175
839,253
167,809
14,316
50,618
35,145
11,698
98,433
86,800
374,434
852,940
151.478
12,922
42,168
35^562
10,264
159,712
78,522
362,312
801,783
144,507
13,718
39,196
36,143
8,973
143,327
76,145
339,774
702,892
118,558
9,760
34,326
28.161
10,658
148,259
639,120
113,221
8.821
32,263
27,243
10,533
130,439
59.663
256,937
235
297
220
312
4,854
185
307
4,018
163
303
3,329
195
300
8,756
171
231
8,331
191
379
2,835
June 8
Juno 1
June 10
June 3
COMMODITY PRICES, WHOLESALE
Copper, electrolytic. New York{___.
_dnl. perlb.
Cotton, middling, ^U", average 10markets}! do.—
Food index (Dun and Bradslreet)
do...
Finished steel, composite*
dol. per t o n .
W h e a t , N o . 2, H a r d W i n t e r (Kansas City).dol. per b u .
FINANCE
Banking:
Debits, weekly reporting member banks
in 101 cities, total©
m i l . of d o l .
Now York C i t y ©
do...
Federal Reserve banks:
Federal Reserve bank credit, total
do—
U . S. Government securities
do—
M e m b e r bank reserve balances
_do...
Excess reserves, estimated
_
do,—
Federal Reserve reporting member b a n k s :
Deposits, d e m a n d , adjusted
do...
Deposits, time
___
do...
I n v e s t m e n t s , total
do...
U . S. Government direct obligations.
do—.
Obligations guaranteed b y U . S. G o v t .
do...
Loans, total
_
__
do.-_
Commerc'l, Indust'l, a n d agricult'l loans.-do.._
Interest rates, call loansj
percentInterest rates, t i m e l o a n s t
do___
Currency in circulationt—
_
mil. of dol_.
Exchange rates: P o u n d sterling}:
dollars..
Failures, commercial
numberSecurity m a r k e t s :
Bond sales (N. Y. 8. E.)
thous. of dol. par value..
Bond yields (Moody*s)%
percent..
Stock sales (2V. Y. S. E.)
thous. of shares..
Stock prices (iV. Y. Times)X
...dol. per share..
Stock prices (Stand, and Poofs) (402)^..1935-39=100..
Industrials (354)
_
__—_do.__.
Public utilities (28)
^
_
do.._.
Railroads (20)
_:_'.
_„do....
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Bituminous coal{
thous. of short tons,.
Electric powerA
—
mil. of kw.-hr..
PetroleumJ
_
..thous. of bbl
Steel©..
pet. of capacity..
Construction contract awardst
thous. of dol.
Distribution:
Freight carloadings, total
cars..
Coal
.do...,
Coke
_
.do....
Forest products
.do
Grains and grain products
..do
Livestock
do
Merchandise, I. c. L
—..
*
do
Ore
do
Miscellaneous
do
Receipts:
Cattle and calvesf
thousands..
Hogst
do
Wheat at primary markets
thous. of bu_
0.118
- .191
3.66
56.73
1.10
287,071
95,691
5,384
29,949
34,286
9,760
153,089
43.504
258,397
563,309
88,184
5,256
27,350
30,299
9,770
133,320
38,987
230,143
6,123
5,407
166
285
GDebits to demand deposit accounts except interbank and U. S. Government accounts in 101 cities; the former series for 141 cities is no longer available weekly.
JDaily average. • Data do not cover calendar weeks in all cases. • Free rate.
^Revised series. See table 32, pp. 24-26 of the November 1941 SURVEY for stock prices beginning January 1939 and cottoo prices beginning August 1939.
*New series. This series replaces the iron and steel composite price, which has been discontinued by the compiling source.
©Rate for week ended June 13 is 99.3; 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.
fComparable data are not available prior to 1940 because of a change in the markets included in the data beginning with that year.
A1941 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
COMMODITY
1941
May
May
1943
March
April
152
134
159
143
131
J20
ISP
152
13S
112
107
9S
124
80
93
130
M30
93
146
130
151
144
111
122
180
130
132
150
131
158
142
118
120
190
158
136
TBADE
Departmenf store?:
Sales, total U.S., unadjusted...1923-25=100..
Atlantat
193^-39=100..
Boston
_
1923-25=100..
Chlcagot
1935-30=100..
Cleveland
„
1923-25=100..
Dallas
do ..
Kansas C i t y . . . . . .
....1925=100 .
Minneapolis!-_.193.V39=1OO..
New York
.1923-25=100..
Philadelphiat
.1935-39=100..
Richmond^
_.
_do t
St. Louis".
_
_". 1923-25=100".
San Francisco
_
1935-39=100 .
Sales, total U. S., adjustedf...1923-25= 100..
Atlantat.1935-39=100..
Chicapof
do....
Cleveland
1923-25=100..
Dallas.......
_
do....
Minneapolisf
1935-39^100..
New York
1923-25=100..
Philadelphiat
1935-39=100..
Richmond"
. . d o _.
St. Louis
.1923-25=100 .
San Franciscot
1935-39=100..
Mail-order and store sales:
Total sales, 2 companies.thous. of dol..
Montgomery Ward & Co
...do
Sears, Roebuck & Co
_
do
"107
"135
89
P124
"111
» 129
"163
P 105
P137
»107
» 137
"123
"103
»118
"112
v 100
v 131
* 150
"105
119,117
50,762
68,356
105
136
89
125
111
124
100
' 122
95
124
148
105
129
105
13S
124
103
124
124
99
126
142
105
134
145,359
60,520
84,839
118
152
94
'136
126
129
110
125
MOO
140
161
125
148
124
152
••141
139
133
123
'120
149
165
130
161
M15
'148
93
'133
'128
r 128
fill
124
'106
r J32
'155
•120
148
117
'163
'134
'121
'132
*121
'110
'147
156
M20
'157
131,894 133.905
55,856 57,604
76,038 76,301
FINANCE
Federal Reserve banks, condition, end of mo.:
Assets, total
mil. of dol.. - ,24,468 23,859 24,187 24,359
2,468
2,355
Res. bank credit outstanding, total-do....
2,280
2,634
9
Bills discounted.
_
do
4
2,357
2,244
2,184
United States securities
do,...
2,489
Reserves, total..
do.... 20,799 20,615 20,821 20,824
20,495 20,510
Gold certificates
. . . d o . . . . 20, 522 20.325
24,187 24,359
Liabilities, total.
_
do.... 24,468 23,859
Deposits, totaL__
do
14,094 16,132 14,268 14,204
12,575 12,658
12,405 13,724
Member bank reserve balances do
2,791
3,073
5,801
2,486
Excess reserves (estimated)
do
8,821
8,635
6,503
9,071
Federal Reserve notes in circulation.do
90.6
90.9
91.1
89.8
Reserve ratio
percent..
Monetary statistics:
22,687 '22,691
Gold monetary stock, U. S
mil, of dol.. "22,714 22,575
11,566 '11,767
9,357
* 12,072
Currency in circulation, total._.
do
Public finance (Federal):
Debt, gro<s, end of month
-.do
68,571 47,737 62,419 64,961
Public issues:
54,606 57,139
Interest bearing
do—. 60,591 41,342
465
561
Noninterest
do
462
. 480
Special issues to government agencies and
7,358
5,834
trust funds
_
mil. of dol_.
7,518
7,333
Obligations fully guaranteed by
U. S. Govt.:
5,666
6,359
5,667
Total amount outstanding^1 t-.mil. of dol..
5,666 3,755,299
l.,142,207
Expenditures, totaltthous. of dol.. 3,954,968
3,553,676 857,091 3,436,301 3,230,780
National defense*... J._:
——..do
62,257 27,295 2,796,958 65,699
Agricultural adjustment program*..do
82,081 14L 554 81,384 91,019
Unemployment relief*
do
95,887 48,260
5 11,580
Transfers to trust accountst
do
22,113 76,598
19,203 11,503
Interest on debt*
do
2,289
1,335 204,886
1,500
Debt retirements
do..-.
91,850
15,392 240. 653
236.246
All other*...
do....
Receipts, total
do.-.. 764,037 541,159 219,681 732f 237
Receipts, net*
do—. 562,666 393.683 3,547,800 695,433
Customs
d o — 29,608 41,060 3,547,169
Internal revenue, total
do.... 708,059 482,858 3,493,082 683,522
216,135 63,271 3,082.627 335,370
Income taxesf
..
do
Social security taxes
do.... 222,134 165,204 48,576 43,232
Security markets:
Bonds:
Yields (Moody's):
3.34
3.37
3.37
3.36
Domestic Corporate
percent..
By ratings:
2.83
2.86
2.81
2.85
Aaa
do....
2.98
3.00
2.99
3.00
Aa
do
3.30
3.32
3.34
3.31
A
do—.
4.26
4.30
4.27
4.32
Baa.
do
By groups:
2.96
3.00
3.02
2.97
Industrials
..do
3.13
3.17
3.13
3.13
Public utilities
do..-.
3.95
3.94
3.95
Rails
do—.
Stocks:
Cash dividend payments and rates
(Moody's):
Total annual payments at current rates
' (600 companies)
mil. of dol.. 1,701.40 :. 821.651,850.15 1,805.62
Number ol shares, adjusted
millions.. 938.08 938.08 938.08 938.08
' Revised.
> Preliminary.
•New series. See note on corresponding item in the May 1942 Survey.
f Revised series. See note on corresponding Item in the May 1942 Survey.
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1942
1941
May
May
1942
March
April
FINANCE-Continued
PRICES
Prices received by farmers:
- U . S. Department of Agriculture:
Combined index
1909-14=100,.
Chickens and eegs
.
do
Cotton and cottonseed
do
Dairy p r o d u c t s . .
_
do
Fruits
do....
Grnlns
...
_
do
Meat animals
do
Truck crop?
_
do
Miscellaneous.——
.do
DOMESTIC
1942
Security markets—Continued.
Stocks—Continued.
Cash dividend payments and rates—Con.
Dividend rato per shnro (weighted average) (600 companies)
..dollars..
Banks (21 companies)
do
Industrials (492 companies)
do
Insurance (21 companies)
...do
Puhlirutilities (30companies)...do
Rails (36 companies)
...do
Prices:
Dow-Jones & Co., Inc. (65 stocks)
dol. per share..
Industrials f30stocks)...
do...,
Public utilities (15 stocks)
do....
Rails (20 stocks)
_.
do.—
New York Times (50 stocks)
do...,
Industrials (25 stocks)
do—
Railroads (25 stocks)
do...
Yields:
Common stocks (200) Moody's.percent.
Bnnks (15 storks)
do—
Industrials (125 stocks)
do—
Insurance HO stocks)..
do—.
Public utilities (25 stocks).
do—
Rails (25 stocks)
do
TRANSPORTATION
Freight-car loadings (A. A. R . ) : 1
Total cars
.thousands.
fc
Coal
do...
Coke
—
do—
Forest products
._.do—
Grains and grain products
do—
Livestock
_
.do—
Merchandise, 1. c. 1_
_do...
Ore
..doMiscellaneous
_do—
Freight-car surplus, total
_do—
Box cars
__
do...
Coalcars
_do___.
FUELS AND BYPRODUCTS
Coal production:
Anthracite
thous. of short tons.
Bituminous
..do...
1.81
2.81
1.79
2.09
1.75
1.66
1.94
3.01
1.93
2.54
1.94
1.57
1.97
2.81
1.93
2.69
1.80
1.77
1.92
2.81
1.93
2.69
1.77
1.77
33.12
9S.42
11. OS
24.29
6S.30
119. 25
17.35
39.73
116.44
17.30
2S.25
84.71
149.00
20.42
34.54
101.62
12.15
26.09
69.17
119.65
18.69
32.92
97.79
11.06
24.56
67.52
117.45
17.59
6.9
5.7
6.7
4.9
8-2
7.8
6.4
4.9
6.5
4.3
6.8
6.5
7.7
6.0
7.7
5.0
8.5
8.2
7.8
6.1
7.7
5.3
8.9
8.3
4,171
830
70
245
174
62
-192
420
1,878
70
42
10
'4,160
676
64
205
184
57
795
387
1,792
72
34
17
3,171
610
55
184
146
43
584
72
1,477
58
23
17
3,351
645
56
196
141
50
525
235
1,503
56
28
12
4,843
48,250
3,858
43,400
5,085
47.400
'5,153
49,000
1943
1941
April
April
1942
Febru- March
ary
BUSINESS INDEXES
—
Manufacturers' orders, shipments, and inventories:
New orders, total
January 1939=100Durable goods
J-do
Electrical machinery
....do
Other machinery
do....
Iron and steel and their products . d o
Other durable goods_.do—.
Nondurable goods
do—
Shipments, total...average month 1939=100Durable goods
do
Automobiles and equipment
do—
Electrical machinery
do.—
Other machinery
do
Iron and steel and their p r o d u c t s - d o . —
Transportation equipment
do....
Other durable goods
..do—
Nondurable goods
do
Chemicals and allied p r o d u c t s . . . . d o
Food and kindred products
do
Paper and allied products..
do....
Petroleum refining
do.—
Rubber products
..do,—
Textile-mill products
do.—
Other nondurable goods
do.—
Inventories,total
do....
Durable goods
do....
Automobiles and equipment
do
Electrical machinery
do....
Other machinery
do
Iron and steel and their p r o d u c t s . _ d o . . . .
Transportation equipment
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
do.,.Textile-n.il] products.
do—
Other nondurable goods.
do.—
"293
"449
"549
"4f>6
"281
»669
* 193
»199
"237
" 130
"259
"2S1
»206
"1,090
»192
»168
"173
»157
* 165
* 132
* 159
"215
» 112
»167.7
"187.5
" 202.9
'264.2
"199.1
" 127.2
»759.7
»142.6
"150.4
" 158.0
* 159.0
» 140.7
"114.5
"154.3
p
157.3
* 152.7
196
277
288
255
304
247
144
154
183
173
195
191
179
367
161
132
151
122
140
109
150
154
125
126.0
140.2
155.2
172.9
140.0
122.5
375.1
114.6
113.6
118 9
113.0
119.4
102.7
140.4
124.2
104.1
292
463
452
648
256
645
182
199
232
133
249
260
208
1,004
194
173181
171
173
133
144
204
172
163.0
180-8
190.0
250.3
191.4
125.5
709.1
140.6
147.4
150.9
158.9
137.8
115.5
149.6
154.1
147.3
'274
'427
'477
'442
'256
'673
'176
'199
'235
'131
'257
'270
'211
'1,018
'196
'171
'176
rl62
'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
EMPLOYMENT
Labor turn-over in mfg. establishments:
Accession rates.,mo. rate per 100employees..
7-12
6.04
6.00
Separation rate, total
do.—
8.12
3.89
4.78
Discharges
do
35
.25
.29
Lay-offs
do—
1.31
1.19
1.35
Quits and miscellaneous
do
4.46
2.45
3.14
cTThe total includes guaranteed debentures of certain agencies not shown
rately.
6.99
5.36
.33
1.19
3.84
sepa-
MONTHLY BUSINESS STATISTICS—Continued
1943
1941
194!
Earlier da*a *re aTailabxe in monthly issues of the
Surrey and the 1910 Supplement
Apri!
April
February
March
FINANCE
LUMBER AND MANUFACTURES-Con.
Securities issued (Sec. and Exch. Com.):
Estimated gross proceeds, total
mil. of dol
By types "of security:
Bonds, notes, and debentures
do..
Preferred stock.„
do..
Common stock
„
do..
By types of issuers:
Corporate, totaL.
do,.
Industrial..
.do,.
Public utility
— .
do..
Eail
.*
doOther
do._
Non-corporate. total.
do—.
U. S. Government and agencies do._
State and municipal
do.Foreign Government
do..
Non-profit agencies
.
do—
New corporate security Issues:
Estimated net proceed*, total
do..
Proposed uses of proceeds:
New money, total
do..
Plant and equipment
do...
Working capital
do..
Repayment of debt and retirement ol
srock, total
_
..mil. of dol
Funded debt
do...
Other debt
do...
Preferred stock
do...
Other purposes
do—.
Security markets:
Bonds:
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
1
do..
Stocks:
Sales (Securities and Exchange Commission)
Total on all registered exchanges:
Market value.
thous. of doh
Shares sold
thousands.
On New York Stock Exchange:
Market value
.thous. of dol.
Shares sold
thousands.,
Softwoods—Continued.
Western pine:
Orders, new
mil. of bd. ft.
Orders, unfilled, end of month
.do...
Production
do.—
Shipments
do...
Stocks, end of month
do...
West coast woods:
Orders, new
do...
Orders, unfilled, end of month.
-do—
Production
.do...
Shipments
__ do...
Stocts, end of month
-do...
950
2,335
935
10
2,315
19
121
Hi
1
145
68
71
587
53
805
702
102
142
70
lfl
55
4!
12
36
0
C)
102
4
49
6
2,257
2,216
C>
118
709
607
558
49
0
1
76
100
39
34
39
35
4
61
41
15
5
113
90
C)
C>
99,075 133,274 89,449
202,862 269,892 178,409
137.003
306,812
86,629 109,867 78.643
186,165 242,720 165,002
121,066
286,211
U6,674 296,408
20,217 14,018
341,230
16,391
26,187 347.710 251,187
10,079 15,356 10,610
287,785
12,175
272,889
13,613
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—
572,515
468,007
66,116
366, 781
101,995
375,008 462,486
105,230 377,593
38,348 54,746
274,938 327,653
•52,075 66,486
540,118
445,490
59,106
360.011
92,359
CHEMICALS AND ALLIED PRODUCTS
Vegetable oils and products:
Oleomargarine:
Consumption (tax-pd. withd 'Is), thous. of lb__ 26,759 30,583 31,767 29,721
Production.
-do— 28,641 32,200 32,541 30,768
FOODSTUFFS
Dairy products, production:
Butter, creamery (factory)
thous. of lb_.
[64,384 .18,780 137,010
Cheese, total (factory)...
- d o — .03,030 71,070 72,105 88,770
Condensed and evaporated milk, case goods:
Condensed, sweetened..thous. of lb_ 4,407 8,601
3,853
5,426
Evaporated, unsweetened
do—. 356,799 252,679 296,877 335,203
FUELS AND BYPRODUCTS
Coke:
Production:
Beehive
thous. of short tons655
Byproduct.
do
6,069
Stocks, end of month:
Byproduct plants, total
do—. 1,454
At furnace plants
_
do..-.
963
At merchant plants
_
do
491
LUMBER AND MANUFACTURES
National Lumber Mfrs. Assn.:
Production, total
mil. of bd. ft— 2,645
Hardwoods
do
386
Softwoods.
do
2,259
Shipments, total
do
3,087
Hardwoods
do
383
Softwoods.
_
do
2,704
Stocks, gross, end of month* total..
do
4,958
Hardwoods
_
do
1,072
Softwoods
do
3f886
Softwoods:
Southern pine:
Orders, new.. ^
do
995
Orders, unfilled, end of month
do
943
Production
do.—.
707
Shipments
_
do.—.
992
Stocks, end of month.
do
1,007
' Revised.
• Less than $500,000.
98
4,460
610
4,716
'652
"-5,200
1,401
694
706
1,386
869
513
1,430
920
509
2,248
372
1,878
2,796
396
2,400
2,726
390
2,336
6,649
1,550
5,099
2,461
369
2,093
5,930
1,353
4,577
2,410
361
2,049
2,733
368
2,365
5,603
1,346
4,257
580
956
861
1,737
858
738
806
2,307
974
940
787
892
1,202
1943
1943
1941
AprU
March
April February
667
609
469
529
1,275
602
490
468
478
1,469
323
468
279
374
1,471
474
480
365
467
1,342
1,030
1,029
747
877
875
749
735
750
770
888
710
894
658
692
968
759
891
682
742
929
60,857
71,150
68,112
84,751
76,170
73,066
1,797
2,037
113 3
2,046
50
428
1,463
80.2
1,474
37
2,230
1,845
101.1
1,84S
34
1,893
2,416
132.4
2,420
29
3,736
1,596
2,339
1,336
2,371
1,035
0,709
2,824
2,755
4,155
4,130
3,889
5,210
4,010
3,194
6,340
4,18S
3,751
5,530
4,560
1,418
2,273
1,015
1,340
1,383
1,066
1,094
1,490
094
1,510
1,870
1,130
,089.5
1,307.7
432,1
377.2
405.3
292.fi
567.9 1,122.3
636.6 1,352.7
361.4
428.8
10,883
16,334
ll«00
34,784
62
23,642
15,266
22,819
23,701
33
16,006
16,423
17,996
28,124
22
* 14,844
'17,051
"14,412
'29,947
43
9,573
9,924
7,808
10,972
Earlier data are available in monthly issues of the
Survey and the 1940 Supplement
METALS AND MANUFACTURES
Pig iron and iron manufactures:
Castings, malleable:
Orders, new.
short tonsProduotion
do...
Shipments
do—.
Steel, manufactured products:
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month—^thousandsProduction
do...
Percent of capacity
-----Shipments
thousands.
Stocks, end of month
do...
Boilers, steel, new orders:
Area....'
thous. of sq. ft.
Quantity
numberFurniture, steel:
Office furnitures:
Orders, new
—thous. of doL
Orders, unfilled, end of month
do.—
Shipments
do . .
Shelving:
Orders, new
*
do
Orders, unfilled, end of month
do—
Shipments
do—_
Machinery and apparatus:
Foundry equipment:!
New orders, net, total
1937-39=100.
New equipmentdo...
Repairs
_
do—
Fuel equipment and heating apparatus:
Oil burners:
Orders, new, net
number.
Orders, unfilled, end of month
do
Shipments
do—.
Stocks, end of month
do
Pulverizers, orders, new
do—
Mechanical stokers, sales:
Classes 1, 2, and 3
numberClasses 4 and 5:
Number
..
Horsepower
Pumps and water systems, domestic.shlpments:
Pitcher, other hand, and windmill pumps
units..
Power pumps, horizontal type
do
Water systems, Including pumps
do
Pumps, steam, power, centrifugal, and rotary:
Orders, new
thous. of dol..
416
89,318
66,292 '62,979
65,140 ' 69,737
62,724 '65,866
310
222
296
55,387 81,890 ••77,770
37,738 43,601 37,012
359
219 1,483
27,919 27,241 24,376
40,342
167
26,638
4,334
3,923
5,784
8,668
1,100
1,557
6,175
5,839
5,999
9,958
1,113
1,116
4,553
1,156
1,027
4,809
1,141
1,299
5,892
5,481
5,358
8,143
1,051
1,099
4,678
1,129
986
5,026
12,729
20,390
12,871
24,530
12,204
21,749
12.951
21,194
44,512
2,524
13,370
40,972 '53,580
6,555
6,784
RUBBER AND PRODUCTS
Pneumatic casings:
Production
Shipments, total
„
Stocks, end of month_._
Inner tubes:
Production
Shipments, total
Stocks, end of month...-
thousands-.
do.—.
do.—.
do
do
do
TEXTILE PRODUCTS
Clothing:
Hosiery:
Production
thous. of dozen pairs..
Stocks, end of month-.
—
do
Wool:
Consumption (scoured basis) :^
Apparel class
thous. of lb..
Carpet class.
__
do
Machinery activity (weekly average) :\
Looms:
i Woolen and worsted:
Broadf--J
tbous. of active hours..
t f Narrow!
do.
Carpet and rugf
do.—
Spinning spindles:
Woolent
.do—.
Worstedf
do.—
Pyroxylin-coated textiles (cotton fabrics):
Orders, unfilled, end of mo...thous. linear yd..
Pyroxylin, spread
thous. of lb—
Shipments, billed-..
thous. linear yd..
2,749
86
2,616
85
211
'2,602
'95
'177
124,423 102,740 117,130
114,475 [17,593 101,015
116,996
'99,935
7,584
5,659
0,46*
'7,797
5,403
6,652
7,300
5,669
2,457
94
244
5,588
7,165
7,550
fRevised series. See note on corresponding item in the May 1942 Survey.
iMarch 1942 and April 1941 are for 5 weeks; other months, 4 weeks.
@FedFRASER