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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
W A S H I N G T O N , D . C., M A R C H 11, 1943
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
ELECTRIC POWER PRODUCTION
(1935 - 39 •
(B1LU0NS OF KILOWATT
INCOME PAYMENTS TO INDIVIDUALS
RUNS-TO-STILLS
(MILLIONS OF BARRELS-DAILY AVERAGE)
DEPARTMENT STORE SALES AND STOCKS
(SEASONALLY ADJUSTED, 1 9 3 5 - 3 9 - 100)
250
CRUDE OIL
HOURS)
160
MONTHLY DATA
MONTHLY DATA
225
140
200
Sates
A
120
Salaries and Wai
175
100
80
150
• Total Income Payments
125
100 1 1 1 , 7 1 7 7 7 ,
Stocks
60
1 1 U _ J . 1 1 I I | | . 1 t 1 1 1 1i . 11 1i .T1 i i 1 M
1941
40
1 1 1 1 1 1 1 1. .I 1 .1, .11 . . 1 . . u h i l n h l
. .1 ..1 . . 1 , .
WEEKLY BUSINESS STATISTICS'
1943
1943
Commodity prices, wholesale:
All commodities1926=100..
Farm products
do
Food
do—.
All other
do....
28 basic commodities*,..August 1939=100.
Cotton, mid, 15/16", 10 mkts.t--dol. per lb.
" Wheat, No. 2, hd. win. (K. C.).dol. per bu..
Department store sales
1935-39=100.
Finance:
Bank debits, member banks in 101 eities:1
Total
mil. of dol..
New York City
do
Currency in circulation J
__.do
Federal Reserve bank credit, t o t a l . d o
Member bank reserve balances
do
Excess reserves, estimated
do
p 102.7 * 102.4
121.2 120.0
106.0
105.7
>96.5 * 96.4
176.6 175.4 175.2
.211
.211
.207
1.42
1.38
1.37
150
146
101.5
95.8
95.1
165.7
.193
1.22
125
1943
1943
Mar. 6 Feb. 27 Feb. 20 Mar. 7 Feb. 28
96.8
102.0
95.5
95.0
165.2
.193
1. 24
* 119
12,302 9,702 10,232 10,041 8,380
4,891 3,848 4,115 3,910 3,371
16,162 16,006 15,868 11,525 11,443
6,130 6,223 6,214 2,402 2,392
12,935 12,917 13,093 12,835 12,521
1,786 1,!— 1,992 3,208 2,887
Mar. 6 Feb. 27 Feb. 20 Mar. 7 Feb. 28
Finance—Continued.
Federal Reserve reporting member banks:
Deposits, demand, adjusted.„mil. of dol.. 31,305 31,129 30,620 24,815 24,712
Loans and investments, total
do
41,470 41,353 41,365 30,918 30,943
U. S. Govt, obligations©1
do
28,657 28,438 28,424 15,874 15,855
Commercial, industrial, and agricultural loans
—mil. of dol.. 5,736 5,816 5,856 6,902 6,902
215
103
111
96
263
Failures, commercial.....
. . . . .number..
3.37
3.21
3.22
3.23
3.37
Bond yields (Moody's) t
percent. .
87.3
68.5
86.5
85.5
Stock prices (Stan. & FOOT) A-1935-39=100..
Production:
2,113 2,027 1,711 1,909
Bituminous coalt
thous. of short tons..
3,893 3,949 3,392 3,410
Electric power
mil. of kw-hr..
3,873 3,874 3,934 4,016
Petroleum%_
thous. of bbl_.
Steel®
1935-39=100.. 190.5 189.5 190.7 185.0 183.2
782
783
752
771
Freight carloadings, total
thous. of cars..
355
374
357
358
Miscellaneous
do
0 Data do not cover calendar weeks in all cases.
* Preliminary.
©Thursday prices.
tDaily average.
®Index for week ended March 13,192.2.
1 Debits to demand deposit accounts, except interbank and U. S. Government accounts, in 101 cities.
<f Direct and guaranteed. - A402 stocks. -
MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of
the Survey and the 1942 Supplement
1943
1942
January
C O M M O D I T Y PRICES
Prices received by farmers:
U. S. Department of Agriculture:
Combined index.
__
190&-14=100.
Chickens and eggs
do...
Cotton and cottonseed
do
Dairy products
do
Fruits
J
do...
Grains
do...
Meat animals
do
Truck crops....
do
Miscellaneous
:
do
Earlier data are available in monthly issues of
the Survey and the 1942 Supplement
1943
1942
Febru- Febru- Decem- January
ber
ary
ary
DOMESTIC TRADE—Continued
178
170
163
179
156
138
214
301
158
145
135
150
147
98
121
173
161
133
178
183
162
175
151
124
196
293
211
182
185
164
177
139
134
205
277
217
DOMESTIC TRADE
Department stores:
Sales, total U. S., unadjusted.... 192&-25=100._ p 130
99
222
111
Atlantai
1935-39-100.. p 1 8 2
127
286
* 150
Boston
1923-25—100.90
74
181
'89
Chicago
:
1935-39=100..
148
114
246
p 121
*154
120
252
Clevelandf
do
'r 132
108
280
Dallas
1923-25=100.. p 184
155
'Revised.
'Preliminary.
t Revised series. See note on corresponding item in the February 1943 Survey.
X See note on corresponding item in the February 1943 Survey.
513970—43
1943
1943
Febru- Febru- Decemary
ber
ary
Department stores—Continued.
Sales, total U. S., unadjusted—Con.
Kansas City
1925=100.
Minneapolis
1935-39=100..
New York.
1923-25=100..
Philadelphia
1935-39^100..
Richmond
.
.do...,
St. Louis..
- 1923-25-100..
San Francisco
1935-39=100..
Sales, total U. S., adjusted
1923-25=100..
Atlantaf
1935-39=100..
Chicago
do.—.
Cleveland!do....
Dallas
- 1923-25=100..
Minneapolis
1935-39=100..
New York*
1923-25=100..
Philadelphia
1935-39=100..
Richmond
do—
St. Louis.
1923-25=100..
San Francisco
1935-39=100!
p 134
p 120
»110
* 137
>153
P 137
p 189
P 165
p 206
* 176
p 192
p 216
* 169
p 136
p 185
p 222
p 159
P 237
77
95
94
117
161
101
132
126
144
135
150
127
134
116
157
165
117
166
231
p 216
215
r
262
304
212
296
125
166
146
146
r
162
140
119
* 140
164
129
173
p 122
118
r
97
r
112
•"135
' 114
f 148
'143
r
194
p 154
179
'204
p 147
' 123
T
157
f 199
' 142
p 192
P
2 MONTHLY BUSINESS STATISTICS—Continued
1943
Earlier data are available in monthly issues of
the Survey and the 1942 Supplement
FINANCE
Federal Reserve Banks, condition, end of mo.:
Assets, total
mil. of dol.
Res. bank credit outstanding, total
do...
United States securities
.do...
Reserves, total
do...
Gold certificates
do...
Liabilities, total
do...
Deposits, total
do...
Member bank reserve balances
do...
Excess reserves (estimated)_
do...
Federal Reserve notes in circulation..do...
Reserve ratio
percent..
Monetary statistics:
Gold, monetary stocks, U. S
mil. of dol..
Currency in circulation, total
do
Public finance (Federal):
Debt, gross, end of m o . . .
do
Public issues:
Interest bearing
do
Noninterest bearing
do—
Special issues to Government agencies and
trust funds
mil. of dol..
Obligations fully guaranteed by U. S. Gov't.:
Total amount outstanding
mil. of dol__
Expenditures, total
do
War activities*
do
Agricultural adjustment program
do
Unemployment relief
do
Transfers to trust accounts!
do
Interest on debt..
do
Debt retirements
do
All other
do
Receipts, total
do....
Receipts, net
do—
Customs
-do
Internal revenue, total
.do
Income taxes
do
Social security taxes
.do
Security markets:
Bonds:
Prices, U. S. Treasury
dol. per $100 bond..
Yields:
Domestic corporate (Moody's)
percent..
B y ratings:
Aaa
do
Aa
j
do....
A
do
Baa
do___.
B y groups:
Industrials
do
Public utilities.
do
Rails
do
U. S. Treasury bonds:
Partially tax-exempt
do
Taxable*.
do....
Stocks:
Cash div. payments and rates (Moody's):
Total annual payments at current rates
(600 companies).
mil. of dol..
Number of shares, adjusted
millions
Dividend rate per share (weighted average)
(600 companies)
dollars..
Banks (21 companies)...
do
Industrials (492 companies)
do
Insurance (21 companies)...
do
Public utilities (30 companies)
do
Rails (36 companies)
do.
Prices:
Dow Jones & Co. Inc. (65 stocks)
dol. per share..
Industrials (30 stocks).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..
Banks (15 stocks)
.do.
Industrials (125 stocks)
.do.
Insurance (10 stocks)
do.
Public utilities (25 stocks)...
do.
Rails (25 stocks)
do
1942
1943
Febru- Febru- Decemary
ber
ary
January
28,515
6,296
5,871
20,859
20,476
28,515
14,308
13,067
1,925
12,627
77.4
24,322 29,019
2,412 ' 6,679
2,262
6,189
20,846 20,908
20, 515 20,554
24,322 29,019
14,441 15,194
12,619 13,117
2,969
1,988
8, 559 12,193
90.6
76.3
28,556
6.339
5,969
20,931
20,520
28, 556
14,805
13,630
2,387
12,265
77.3
v22,644
p 16,095
22,705 22,726
11,485 '15,410
22,683
' 15,590
114,024
62,434 108,170
111,069
103,286
1,173
54,759
486
98,276
862
100,852
1,045
9,565
7,190
9,032
9,172
4,275
6,119
5,770
92
23
2
35
(')
198
1,190
955
5,673
2,630
2,208
97
92
9
12
4,283
6,501
5,825
70
4,277
6,372
5,947
86
29
35
54
210-
215
2,702
2,710
24
2,649
1,972
50
1
1,075
380
343
937
758
27
879
283
257
109.4
108.9
3.23
3.35
26
12
25
353
1
824
788
25
724
306
52
109.4
3.32
2.81
2.77
2.89
3.17
4.08
2.85
2.98
3.29
4.29
2.88
3.02
3.78
2.98
3.15
3.94
2.94
3.07
2.06
2.09
2.39
2.09
2.36
2.32
(*)
222
2.96
3.23
4.28
3.27
2.79
2.93
3.20
4.16
2.90
3.05
3.86
2.06
2.32
1,686.26 1,857.45 1,677.20 1,682.83
942.70 938.08 942.70
942.70
1.79
2.82
1.72
2.64
1.75
2.16
1.98
2.88
1.99
2.69
1.81
1.77
1.78
2.82
1.71
2.64
1.75
2.12
1.79
2.82
1.71
2.64
1.75
2.12
42.78
127.40
16.87
29.80
88.18
153.76
22.61
36-79
107-28
13.83
27.85
74.46
128- 67
20.26
38.81
117.16
14.02
26.83
81.51
142.86
20.18
40.73
121.52
15.57
28.59
84.67
147.75
21.59
5.1
4.4
4.7
4.1
6.3
7.3
7.1
5.6
7.2
4.6
7.7
7.4
5.7
5.0
5.3
4.2
7.2
5.4
4.5
5.0
4.1
3,056
705
60
3,123
629
57
185
154
42
597
52
1,407
59
22
20
2,834
612
. 57
148
176
63
340
30,357
5,670
17,803
41,389
6,783
31,811
8.6
6.8
7.9
TRANS POUT ATION
Freight-car loadings (A. A. R.):l
Total cars
Coal
Coke
Forest products
Grain and grain products
Livestock
Merchandise, 1. c. 1
Ore
Miscellaneous
Freight-ear suplus, total
Box cars
Coal cars
.thousands..
do
do
do
do
do
do
do
do
do
...do
do
160
203
51
370
55
1,453
41
19
66
1,371
3,531
790
75
172
237
66
421
71
1,698
67
35
20
FOODSTUFFS
Grain receipts, principal markets:
Corn
thous. of bu_. 37,303
Oats
do
7,894
Wheat
. . . . . . d o . . . . 36,106
35,929
6,353
35,398
Earlier data are available in monthly issues of
the Survey and the 1942 Supplement
BUSINESS INDEXES
Income payments:^
Indexes, adjusted:
Total income payments
1935-39=100. p 196.5
Salaries and wages
d o . . . f 217.4
Total nonagricultural income
d o . . . * 190. 2
Total
mil. of dol. J>]0,769
Salaries and wages, total
d o . . . *7,627
Commodity-producing industries
do.. _ p 3,489
f 19
Work-relief wages
do...
P83
Direct and other relief
_do...
p
184
Soc. sec. benefits and other lab. inc
do...
p 786
Dividends and interest
.do...
Entr'l inc. and net rents and royal's
d o . . . P 2,089
Total nonagricultural income
. d o . . . *9,643
Cash income from farm marketings:!
Crops and livestock, combined index:
Unadjusted.
1935-39=100. p 191.0
Adjusted
d o . . . p 225.5
Crops
:do._. J" 237.0
Livestock and products
d o . . . p 217.5
Dairy products
. . . d o . . . p 171.5
Meat animals
d o . . . P 225.5
Poultry and eggs
_do... p 286.0
DOMESTIC TRADE
Retail trade:
All retail stores, total sales t
mil. of dol.
Durable goods stores..
do...
Nondurable goods stores t
do...
All retail stores, indexes of sales:
Unadjusted, combined index f-1935-39 =100.
Durable goods stores
do...
Nondurable goods stores tdo...
Adjusted, combined index f
do...
Durable goods stores
do...
Nondurable goods stores t
do...
1942
1943
January
Janu- Novcm- Decemary
ber
ber
'155.5
' 164.5
' 153.0
' 8.487
' 5,719
' 2,545
77
94
'173
'777
'1,723
' 7,662
' 189.4
'208.4
' 183.6
10, 593
'7,463
' 3,493
24
84
'174
'522
'2,350
' 9,141
r
151.5
180.5
184.0
178.5
148.0
192.5
199.0
265.5
224.0
248.5
208.0
168.0
239.0
204.0
4,481
652
3,829
4,355
793
3,562
4,893
776
4,116
139.1
82.7
157.4
158.6
103.6
176.5
131.4
97.9
142.3
149.7
119.6
159.5
159.0
103.4
177.0
154.0
119.5
117.5
119.5
105.4
115.7
110.5
89.9
31.7
99.2
106.7
104.1
86.9
24.1
103.2
113.8
108.3
87.6
29.6
2.27
2.33
2.20
79.7
82.3
81.1
79.7
69.3
73.7
72.6
74.3
78.6
68.8
66.1
69.0
75.2
77.2
77.3
74.1
66.2
73.0
4.21
4.23
17,651
11,242
6,110
15,646
11,050
4,595
16,459
10,726
5,733
1,900
384
1,516
2,213
465
1,748
4,129
1,350
2,779
2,385
454
, 1,931
2,552
458
2,094
6,802
1,998
4,804
2,395
410
1,985
2,562
490
2,072
4,759
1,485
3,274
7,361
7,246
7,775
6,755
'5,886
10,228
6,206
6,252
8,119
101.2
171.1
FINANCE
Security markets (Standard and Poor's Corp.):
Bond prices:
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"...
Rails (20 bonds)
do...
Defaulted (15 bonds)
.do...
Bond yields:
Domestic municipals (15 bonds)
percent.
Stock prices:
Combined index (402 stocks).... 1935-39=100.
Industrials (354 stocks)
.do...
Capital goods (116 stocks).
do...
Consumer's goods (191 stocks)
do...
Public utilities (28 stocks)
do...
Rails (20 stocks)
do...
Stock yields:
Preferred stocks, high-grade (15 stocks)
percent.
ELECTRIC POWER
Electric power, production, total_.mil. of kw. hr.
Fuel
J
..do...
Water power
do...
LUMBER AND MANUFACTURES
National Lumber Mfrs. Assn.:
Production, total...
Hardwoods
Softwoods
Shipments, total...
Hardwoods
Softwoods
Stocks, gross, end of month, total
Hardwoods
Softwoods
..mil. bd. ft.
do. _ _
do...
do...
...do...
.^do...
do...
do...
do...
S T O N E , CLAY, A N D GLASS
Glass containers:
Production
Shipments, total
Stocks, end of month
thous. of gross.,
do....
do...,
TEXTILE PRODUCTS
Wool:
Consumption (scoured basis)
Apparel class
thous. of lb.. 55,895 44,480 44,388
3,036
5,828
2,665
Carpet class.
—
—do....
Machinery activity (weekly average) :1
Looms:
Woolen and worsted:
2,850
2,650
Broad
thous. of active hours.. 2,667
71
89
63
Narrow
do—
Carpet and rug:
122
63
66
Broad....
j —
105
42
40
Narrow..
—do—
Spinning spindles:
Woolen
_do_._. 123,830 118,654 125,194
Worsted
d o . . . . 112,578 120,806 115,344
Pyroxylin-coated textiles (cotton fabrics):
9,959
6,606
Orders, unfilled, end of m o . ..thous. linear yd.. 10,212
3,570
6,210
Pyroxylin spread
thous. of lb.. 3,747
4,248
7,033
Shipments, billed
thous. linear yd.. 4,283
' Revised.
* Preliminary.
« Less than $500,000.
§Data revised beginning 1939. Revisions not shown above will be published in the March 1943 SURVEY.
•New series. See note on corresponding item in the February 1943 SURVEY.
JData for January 1943 are for 5 weeks; other months, 4 weeks.
JFor revisions beginning July 1941, see p. 5-17 of the November 1942 SURVEY.
fRevised series. See note on corresponding item in the * ebruary 1943 SURVEY.
U. S . GOVERNMENT P R I N T I N G O F F I C E :
1943
@FedFRASER