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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C., MARCH 18, 1943 SELECTED BUSINESS INDICATORS S T E E L INGOT PRODUCTION MEMBER BANK RESERVE B A L A N C E S ELECTRIC POWER PRODUCTION ( 1 9 3 5 - 3 9 • 100) (BILLIONS OF DOLLARS) (BILLIONS OF KIUOWATT HOURS) n i l It n I t > .1 • . . Ii t n t . • .1 . i n I . t I I . 1 I I in . 1. . . K n V A L U E OF MANUFACTURERS' INVENTORIES AND SHIPMENTS 300 PRICES OF 3 5 4 INDUSTRIAL STOCKS (1935-39-100) MONTHLY DATA 260 w 220 s i iipments ISO 140 tnvemfories 100 60 1 1 T T T R . T r . r t. 1 i i 1 i t 1 i t -t i 1 1 i 1 1942 . i t 1 I i i 1 i . t .i 1 i i 1940 WEEKLY BUSINESS STATISTICS# ,11)12 1D43 .1912 - 1 9 1 3 , Mar.l3'Mar.6 Feb. 27 Mar.14 Mar. 7 Mar.13 Mar.6 Feb. 27 Mar.14 Mar. 7 Finance—Continued. Commodity prices, wholesale: 96.9 97.1 Federal Reserve reporting member banks: p 102.9 *102.7 All commodities 1926= 100. Deposits, demand, adjusted ..mil. ofdol-. 32,116 31,305 31,129 25,129 122.0 1 2 1 . 2 102.3 101.5 Farm products do 95, 41,861 41,470 41,353 31,034 95.8 106.4 106.0 Loans and investments, total do Food do 95.1 95.2 U. S. Govt, obligations<? do..__ 29,108 28,657 28,438 15,935 1*96.6 *96.5 All other do Commercial, industrial, and agricul28 basic commodities©.-August 1939=100.. 176.3 176.6 175.4 166.1 165.7 .193 .211 tural loans. mil. o f d o l . . 5,804 5,736 5,816 .193 .211 .211 Cotton, mid, ^ i e " , 10 mkts.t-.dol. per l b . . 224 103 111 9t 1.22 1.38 1.22 1.41 1.42 Failures, commercial number.. Wheat,No.2,hd. win. (K. C.).dol. per bu._ 3.38 3.21 3.22 3. 21 125 150 131 Bond yields (Moody's)t percent.142 Department store sales. .1935-39=100-64.4 87.3 86.5 86.9 Stock prices (Stan. & Poor) A-1935-39=100. Finauce: Production: Bank debits, member banks in 101 cities: f 2,058 2,113 1,842 Bituminous coalt thous. of short tons.. 12,302 9,702 8,724 10,041 Total.. mil. of dol.. 3,947 3,893 3,357 Electric power mil. of kw-hr._ New York City _-_.do___. 3,942 4,891 3,848 3, f~" 3,910 3,887 3, 873 3,515 Petroleum J thous. of bbl.„ 16, 204 1 6 , 1 6 2 16,006 11,525 11,525 Currency in circulation!-...—do 1G0.5 189.5 185.3 Steel® 1935-39=100. _ 6,390 6,130 6,223 2,347 2,402 Federal Reserve bank credit, t o t a l — d o 7831 749 799 12,835 12,917 13,122 1 2 , " " Freight carloadings, total thous. of cars.12,935 Member bank reserve balances do 374 350 374 Miscellnncous . . do.. . 1.877 1.786 1.788 3.266 3, 208 Excess reserves; estimated do ©Thursday prices. JDaily average. ©Index for week ended March 20,192.G. • D a t a do not cover calendar weeks in all cases. » Preliminary, cfDirect and guaranteed. A402 stocks. 1 Debits to demand deposit accounts, except interbank and U. S. Government accounts, in loi cities. 24,815 30,918 15,874 6,902 263 3.37 68.8 1,711 3,392 3,934 185.0 771 358 MONTHLY BUSINESS STATISTICS 1943 Earlier data are available in monthly issues of the Survey and the 1942 Supplement February 1942 February 1943 Decern* January ber 113.1 111.9 113.1 113.1 105.1 106.7 102.7 108.1 105.3 108.1 111.2 112.6 105.3 112.6 115.5 112.2 114.3 110.8 115.5 112.2 105.3 112.6 115.5 112.2 CONSTRUCTION AND REAL ESTATE Engineering construction: Contract awards (E. N. R.)§. .thous. of dol„ 306,242 Concrete pavement contract awards: 6,872 Total thous. sq. y d s . . 5,644 Airports do— 649 Roads , do 579 Streets and alleys. do.... Construction cost indexes: American Appraisal Co.: 249 Average, 30 cities 1913=100. 253 Atlanta do... 251 New Y o r k . . . do 230 San Francisco do 242 St. Louis do. 515242—43 226,826 634,823 903 7,734 5,074 1,488 1,171 6,237 5,065 541 631 231 225 241 215 230 248 250 251 230 242 249 253 251 230 242 3,464 1,451 1,110 § Data for December 1942 are for 5 weeks; other months, 4 weeks. February 1943 1942 February December January CONSTRUCTION AND REAL ESTATE—Continued COMMODITY PRICES Retail prices (Fairchild's index): Combined index Dec. 31, 1930=100.. Apparel: Infants' do.. Men's — do.. Women's do Home furnishings do Piece goods -.do— 1943 Earlier data are available in monthly issues of the Survey and the 1942 Supplement Construction cost indexes—Continued. Associated General contractors—1913=100_. Engineering News Record (all t y p e s ) . d o . . . . DOMESTIC TRADE Retail trade, mail-order and store sales: Montgomery Ward & Co....thous. ofdol.. Sears, Roebuck & Co ....do.... FINANCE Bank debits, total (141 centers).mil. of dol... N e w York City do... Outside N e w York City _.do... Security markets: Bonds: Average price of all listed bonds (N. Y. S. EJ_ .dollars. Domestic -—do... Foreign. do... Value, issues listed o n N . Y . S . E . : Face value, all issues mil. of dol— Domestic —<)o.._ Foreign ...do... 214.1 285.2 204.0 269.7 213.5 283.5 213. 7 283.5 41,443 57,857 37,969 61,671 86,472 106,941 39,983 56,699 47,640 19,635 28,005 37,785 14,242 23,543 59,483 23,921 35,562 50,140 19,877 30,263 97.79 99.03 70.01 95.13 97.18 57.40 96.70 98.04 66.11 97.47 98.72 68.88 72,962 69,837 3,125 60,532 57,411 3,121 72,993 69,934 3,059 , 72,880 ' 69,831 3,049 2 MONTHLY BUSINESS STATISTICS—Continued 1943 Earlier data are available in monthly issues of the Survey and the 1942 Supplement February 1942 February 1943 December January Earlier data are available in monthly issues of the Survey and the 1942 Supplement FINANCE—Continued B U S I N E S S INDEXES—Continued Security markets—Continued. Bonds—Continued. Value, issues listed on N . Y. S. E.: Market value, all issues mil. of dol. Domestic do... Foreign .do... Stock prices: Average price of all listed shares (N. Y. S. E.) Dec. 31, 1924=100. Shares listed, N . Y. S. E.: Market value, all listed shares mil. of dol. Number of shares listed millions. Manufacturers' orders, shipments, and inventories—Continued. Inventories, total avg. month 1939=100.. Durable goods do Automobiles and equipment do Iron and steel and their products.do Electrical machinery do Other machinery ...do Transportation equipment (except automobiles) . . .average month 1939=100.. Other durable goods do Nondurable goods do Chemicals and allied products...do Food and kindred products do Paper and allied products ..do Petrbleum refining do Rubber products. 1 do Textile-mill products do...: Other nondurable goods ...do 71,346 69,159 2,188 57,584 55,793 1,791 70,584 68,562 2,022 71,039 68,939 2,100 56.1 47.8 1,470 35,234 1,467 38,812 1,471 41,411 1,470 130 145 189 129 142 90 58 48 137 141 127 154 135 170 113 61 193 153 129 132 184 153 110 76 96 47 135 139 116 150 159 131 95 100 187 151 126 124 135 193 117 138 98 55 50 132 135 119 TRANSPORTATION Class I steam railways: Freight carloadings (Federal Reserve indexes) : Combined index, unadjusted 1935-39 = 100. Coal do... Coke do— Forest products do... Grains and grain p r o d u c t s . . . . . . . d o . . . Livestock do Merchandise, 1. c. 1 do... Ore do... Miscellaneous. do Combined index, adjusted do— Coal do... Coke .do.. Forest products -do Grains and grain products do Livestock .do... Merchandise, 1. c. 1 -do— Ore do... M iscell aneous do 132 193 122 130 113 56 59 135 134 116 177 137 143 117 59 210 146 161 130 157 102 57 202 149 P E T R O L E U M A N D COAL P R O D U CTS Coal production: Anthracite Bituminous thous. of short tons— do 5,092 48,920 4,772 44,374 4,611 49,595 4,314 47,029 331 854 4,335 1,499 392 891 1,407 476 982 6,778 2,175 340 928 5,431 1,724 6,521 96 7,303 97 7,409 '97 METALS AND MANUFACTURES Steel ingots and steel for castings: Production thous. of short tons— Percent of capacity - 6,812 TEXTILE PRODUCTS Cotton consumption.. bales.. 878,154 Rayon: Consumption: 38.7 Yarn.... mil. of l b 12.5 Staple fiber _ —do Stocks, producers', end of month: 7.4 Yarn do.... 2.5 Staple fiber do.... 892,288 935,511 915,479 36.0 11.3 41.0 13.2 '37.9 12.7 4.4 2.1 8.7 3.3 January r 8.9 3.0 1942 1943 January November December BUSINESS INDEXES Manufacturers' orders, shipments, and inventories: New orders, 4otal-_ Jan. 1939«100. Durable g o o d s . . . .do... Iron and steel and their products . d o — Electrical machinery do— Other machinery do— Other durable goods do.— Nondurable goods _.do.__ Shipments, total average month 1939=100. Durable goods do Automobiles and equipment do— Iron and steel and their products d o — Electrical machinery —.do— Other machinery do— Transportation equipment (except automobiles).-.average month 1939=100.. 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— ' Revised. p Preliminary. January ""177.5 "i210.5 * 234.9 <135.2 J>321.4 * 221.9 1942 January 161.9 179.2 190.8 127.2 243.9 187.5 November December 177.9 207.7 244.1 137.4 326.1 213.0 f1,059.6 * 131.9 p 148.6 » 155.5 J» 152.3 p 139.4 p 105.6 <") * 148.8 975.0 134.2 151.8 155.1 160.1 146.5 107.2 174.4 153.1 * 161.S 693.9 139.5 146.9 147.8 163.6 134.4 113.4 149.7 151.5 145.4 Financial operations (class I steam railways): Operating revenues, total thous. of dol.. Freight do Passenger do— Operating expenses do Net railway operating income do.... 671,334 514,316 111,725 424,201 105,304 480,688 392,568 55,697 348,739 66,851 690,108 534,762 108,060 406,389 148,949 C H E M I C A L S A N D ALLIED PRODUCTS Paint sales: Paint, varnish, lacquer, and fillers: Total thous. of dol— Classified, total do Industrial.. do Trade. do— Unclassified do— 37,843 33,677 16,221 17,456 4,166 47,044 42,032 19,190 22,842 5,012 38,122 34,315 16,221 18,094 36,991 411 784 897 31,746 4,063 40,035 451 565 1,352 35,084 2,223, 35,247 415 305 901 28,974 3,424 1,595 1,403 2,078 3,875 9,844 15,660 1,164 161.8 TRANSPORTATION LEATHER AND PRODUCTS LEATHER AND PRODUCTS Hides and skins: Livestock slaughter (Federally inspected): Calves ..thous. of animals. C at tie do,.. Hogsdo Sheep and lambs -do 1943 239 350 * 257 » 345 p 234 p 603 p 168 414 245 347 414 719 174 279 415 2G4 586 381 619 192 255 '361 '233 '353 '361 '574 187 p 226 *303 p 243 p 205 p 368 f 330 184 214 152 200 211 229 232 300 223 214 351 337 '240 '320 '240 '239 '408 '351 p 1,876 * 195 829 176 161 170 160 171 141 131 184 150 1,692 213 179 183 185 143 154 214 202 171 ' 1,775 r 214 '178 185 ' 184 144 '139 222 204 p 9 p 166 9 187 p 176 * 140 »139 p 192 p 134 ' 166 • Data for December are the latest available. 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— Government shoes do— r Civilian shoes: Boys' and youths* do Infants' do Misses' and children's do— Men's do Women's do Slippers and moccasins for housewear thous. of pairs— All other footwear do— 2,086 2,856 7,049 14,097 2,462 2,003 2,743 7,119 12,521 1,8 3,! 664 4,956 2,822 2,134 3,503 1,145 2,358 4,930 2,796 2,134 6,078 1,544 4,534 150,551 35,723 134, 778 46,357 172,862 9,278 139,213 10,744 METALS AND MANUFACTURES Iron and steel scrap:* 5,031 Consumption, total.—thous. of short tons.. 2,856 Home scrap. —do— 2,175 Purchased scrap do— 6,233 Stocks, consumers', end of mo. f total-do 1,653 Home scrap do— 4,580 Purchased scrap -do— Castings, steel, commercial: Orders, new, total, net ...short t o n s - 204,152 23,008 Railway specialties do 148,331 Production, total do Railway specialties — — d o — 11,428 PAPER AND PRINTING Paper: Total paper, incl. newsprint and paperboard: Production short t o n s Paper, excl. newsprint and paperboard: Orders, new —short tons.. Production do— Shipments do— Fine paper: Orders, new -do— Orders, unfilled, end of month do— Production do— Shipments do— Stocks, end of month do— Printing paper: Orders, new do Orders, unfilled, end of month do— "Production do.... Shipments do.— Stocks, end of month do— Wrapping paper: Orders, new__ do— Orders, unfilled, end of month do— Production do— Shipments.— do— Stocks, end of month do— 1,124,9SC '1,407,036 '1,097,445 509,930 478,812 489,252 566,317 • 510,260 584,046 • 467,090 579,148 •471,924 55,949 53,169 50,067 51,080 42,201 66,766 ' 52; 106 115,090 '48,101 61,766 ' 48,274 62,792 '47,885 '39,255 '49,017 163,549 119,959 162,943 164,377 73,233 198,910 ' 174,633 144,829 ' 111,631 205,536 r 160,457 204,034 ' 164,263 ' 74,166 ' 86,651 190,145 156,074 173,517 179,100 107,581 205,436 167,838 211,630 211,880 70,689 187,773 13S, 215 163,393 164,521 118,742 12,560 8,641 21,347 3,732 12,360 9,115 23,168 5,020 ,16.241 '14,627 12,234 2,831 S T O N E , CLAY, A N D GLASS Portland cement: Production thous. of b b l . . Shipments do..._ Stocks, finished, end of month .do Stocks, clinker, end of month do— •New series. See note on corresponding item in the February 1943 SURVEY.
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