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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 19, 1942 SUMMARY OF BUSINESS TRENDS T he general price level consttnues to advance. For the week ended March 7, the Bureau of Labor Statistics' over-all index of wholesale prices stood at 96.9 (1926=100), up about 2.S percent since the beginning of the year. The past month, however, accounted for onl^ 1.3 percent of this increase. The prices of such important items as fuels and lighting materials, metals, chemicals, and building materials, most of which are subject to control by the Office of Price Administration, advanced but slightly. Food and farm products are still among the leaders of the general price advance, having climbed during the past month an additional 2.2 and 1.4 percent, respectively. Textile prices advanced 1.7 percent. The continued rise in commodity prices is a reflection of increasing shortages of consumer goods and large scale buying as a result of increased consumer income. In retail trade, February buying continued strong with special emphasis being devoted to goods expected to be in short supply. Purchasing failed to match the extraordinary January volumes, however, and the Federal Reserve's adjusted index of department store sales dropped to 125 (192-325 = 100) from the January peak of 138. In terms of the unadjusted index, department stores sales for February were up nearly 21 percent from the February 1941 total. Despite the fact that the nation has been called upon to pay the largest tax bill in its history, the evidence indicates that sales are continuing relatively strong. As factories are being converted, the resulting shortages of durable consumer goods are increasing the demand pressure on nondurables. Yet, while the dollar volume of sales continues unabated, the physical volume for the first quarter is expected to be nearly 10 percent less than that of the first quarter of the previous year. The value of manufacturers' inventories continues to rise. The Department of Commerce index reached a new high, increasing in January to 162 (1939=100) from the December level of 159. This represents an increase of 2.2 percent or $350 millions from the year end. Continuing the trend, nondurable goods industries increased the value of their holdings by a somewhat larger amount than the scarcity-hampered durable goods group. Part of the current rise stems from intensified efforts to convert industrial resources to war production. Many inventories which ^ould ordinarily flow through the productive process.to consumers have been frdzen pending ultimate use for war purposes. In addition, an increasing number of materials frozen in such inventories may not be sold to other manufacturers except on orders bearing specified preference ratings. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION FREIGHT-CARLOADINGS ELECTRIC POWER PRODUCTION (PERCENT OF CAPACITY) 140 120 (THOUSANDS OF CARS) (BILLIONS OF KILOWATT HOURS) 4.5 4.0 100 3.5 1941 ~* 80 3.0 60 2.5 1 > 40 . 1 , i l l 2.0 . CRUDE OIL RUNS - T O - STILLS (MILLIONS OF BARRELS- DAILY AVERAGE) 5.0 BITUMINOUS COAL PRODUCTION MISCELLANEOUS CARLOADINGS (DAILY AVERAGE-THOUSANDS OF TONS) (THOUSANDS OF CARS) 2500 2000 4.5 194 2 1500 4.0 \ 35 7 *r t94t~^ 500 3*CL 25 1940** 1000 ^1940 f . 1 i . i , i i i 0 t i IT COMMERCIAL LOANS F.H.A. HOME MORTGAGES (BILLIONS OF DOLLARS) (NUMBER SELECTED FOR APPRAISAL ON HOMES TO BE BUILT) 9 WEEKLY WHOLESALE U926-I00) PRICES e 7 6 5 4 INDUSTRIAL COTTON CONSUMPTION PRODUCTION (SEASONALLY ADJUSTED, 1935-39 - IQO) 200 (OAILY AVERAGE - THOUSANDS OF BALES ) MONTHLY DATA MONTHLY DATA (80 /*—"A-J *-• 160 140 120 100 80 , , I..1 . . . . . 1940 447940—42 ., 1 . . 1 . . 1 . . ,. 1 . . 1 . . 1 . . 1942 .. 1 , . 1 , . 1 , . . , i . , ! , , i , , . . i.. 1941 i. . i , , 1942 2 WEEKLY BUSINESS INDICATORS * Weekly average, 1936-39=100, except as indicated; data beginning January 1939 for most of the series on a 1935-39 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] 1943 1941 1943 1940 Business activity:! New York Times§ 132.3 136. 7 133.7 134.9 122. 2 121. 7 99.8 100.0 141.0 143.5 141.8 142.1 131.1 129.3 103.8 104.0 Barron's. 1923-25=100 173.2 171.5 151.0 149.6 107.5 107.9 173.3 1 Business Week§, 1923-25=100. Commodity prices, wholesale: Dept. of Labor. 96.2 80.9 80.6 78.2 78.3 96.9 96.8 Combined index, 1926=100.. 101.5 102.0 101.9 100.7 70.9 70.5 68.0 68. 5 Farm products 95.8 95.5 94.8 94.0 74.3 73.4 70.4 69.9 Food ;___ , 95.1 95.0 94.8 94.6 84.9 84.8 83.0 83.1 Allother 28 basic commodities© 128.5 124.9 115.4 116.4 165.7 165. Fisher's index, 1926=100: 103.6 103.4 103.1 103.1 102.6 86.6 85.9 84.3 84.2 Combined index 112.9 112.9 112.9 112.9 112.9 112.9 112.9 108 108.1 Copper, electroly tic \ Cotton, average, 10 marketst... 177.7 177.7 177.6 177.8 176.6 97. 94.6 97.4 99.0 95.3 143.7 146.6 199.3 1 Construction contracts! Distribution: 118.2 119.8 118.8 120.0 116.3 113.9 95.0 95.2 Carloadings 125 119 110 116 105 99 Department store sales 1941 1940 Mar. Mar. Feb. Feb. Feb. Mar. Mar, Mar. Mar. 15 14 7 28 21 14 16 Mar. Mar. Feb. Feb. Feb. Mar. Mar. Mar. Mar 14 7 28 21 14 15 8 16 Employment, Detroit, factory, 1923-25=100_ .. Finance: Bond yieldst Stock prices j ... Banking: Debits, outside N. Y. C . t — Federal Reserve reporting member banks: Loans, total Currency in circulation! Failures, commercial, 1939=100. Production:t Bituminous coal? Electric power PetroleumJ Steel© 104.6 110.6 102.5 123.6 83.5 83.2 83.0 82.7 83.5 88.6 63.6 66.8 67.9 67.7 68.9 81.2 80.4 99.5 99.8 132.5 160.7 158.3 143.8 130.1 112.3 134.2 98.9 111.6 133.2 132.8 133.0 132. 7 132.2 113.1 112.0 181.6 181.6 180.3 179.0 178.4 139.1 138.9 79.2 92.9 76.0 84.5 74.2 94.7 85.2 129.6 ;9.2 124.3 185.3 185.0 144.6 160.1 126.8 183. 100.6 100.3 117.9 118.0 98.9 141.1 139.9 143.0 137.9 108.3 104.8 160. 7 160. 7 140.1 141.1 119.7 119.9 128.8 128.8 115.7 114.8 122.9 120.9 183.1 181.7 178.6 176.3 113.1 113.0 •Data do not cover calendar weeks in all cases. ^Seasonally adjusted. JDaily average. ©Index for week ended Mar. 21, is 186.3. §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 are first shown in this issue. ©Thursday prices; August 1939=100. flndex of cotton manufacturing heretofore shown in the Weekly Supplement has been discontinued by the compiling source. WEEKLY BUSINESS STATISTICS* 1943 1941 Mar. 14 | Mar. 7 | Feb. 28 | Feb. 21 COMMODITY PRICES, WHOLESALE Copper, electrolytic. New Yorkt dol. perlb. Cotton, middling,* Ms '-average, lOmarketsfJ do... Food index (Dun & Bradstreet).. do... Iron and steel, composite dol, per ton. Wheat, No. 2, Hard Winter (Kansas City).dol. per bu. 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 JJ. 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 loanst percent.. Interest rates, timeloansj _ do Currency in circulation\ mil. of dol.. Exchange rates: Pound sterling} dollars.. Failures, commercial. number. Security markets: Pond sales (N. Y. S E.) thcus. of dol. par value Bond yields (Mcody's) (120 bcnds)t percent Stock sales (IV. Y. S. #.)._ thous. of shares. Stock prices (N. Y. Times)t. ...dol. per share Stock prices (Stand, and Poor's) (402) ^1935-39 = 1C0 Industrials (354) ...... .do... Public utilities (28) do... Railroads (20) ....... do... PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production.-0 Bituminous coalt.. thous. of short tons.. Electric powerA mil. of kw-hr.. Petroleumf thous. of bbL. Steel© . ... pet. of capacity.. Construction 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.._. Wheat at primary markets thous. of bu.. 1940 Feb. 14 Mar. 15 Mar. 8 Mar. 16 1939 Mar. 9 Mar. 18 0.118 .193 3.59 38.15 1.22 0.118 .193 3.57 38.15 1.22 0.118 .193 3.56 38.15 1.24 0.118 .193 3.55 38.15 1.24 0.118 .192 3.53 38.15 1.22 0.118 .106 2.61 38.29 .84 0.118 .103 2.59 38.26 .81 0.113 .106 2.31 36.86 1.00 0.113 .108 2.32 36.83 1.00 0.110 2.29 36.39 2.34 36.39 3,790 5,547 3,989 6,732 3.449 5.527 3,007 6,024 3,134 5,448 3,457 4,706 3,866 5,620 3,581 4,141 3,552 4,675 4,112 4,019 3,755 3,896 2,347 2,253 12,968 3,266 2,402 2,262 12,835 , 3,208 2,392 2,262 12,521 2,887 2,404 2,250 13,058 3,4C0 2,331 2,243 12,905 3,357 2,244 2,184 14,211 6,483 2,237 2,184 14,136 6,435 2,524 2,477 12,439 5,777 2,515 2,477 12,367 5,733 2,595 2,564 9,077 3,443 2,565 2,564 8,985 3,407 25,129 5,153 19,623 13,215 2,720 11,411 6,959 1.00 1.25 11,525 "4.035 224 24,815 5,188 19,544 13,151 2,723 11,374 6,902 1.00 1.25 11,525 "4.035 263 24, 712 5,188 19,551 13,132 2,723 11,392 6,902 1.00 1.25 11,443 • 4.035 215 24,961 5,191 19,163 12, 730 2,719 11,369 6,889 1.00 1.25 11,355 • 4.035 239 24,731 5,197 19,130 12,717 2,716 11,322 6,862 1.00 1.25 11,317 M.035 210 23,487 5,462 17,055 10,519 2,776 9,689 5,374 1.00 1.25 8,827 •4.032 268 5,470 17,076 10,458 2,774 9,592 5,287 1.00 1.25 8,814 <* 1.032 241 19,507 5,343 14,821 8,943 2,387 8,616 4,367 1.00 1.25 7,480 3.766 254 19,341 5,303 14, 764 8,900 2,400 8,591 4,355 1.00 1.25 7,487 3.903 2S0 16,143 5,198 13,541 16,086 5,224 13,450 8,176 2,030 8,338 3,773 1.00 1.25 6,755 4.690 286 58,450 3.38 2,026 68.83 64.4 65.4 59.8 64.3 48,300 3.37 2,473 72,31 69.8 69.8 63.9 67.9 36,940 3.37 1.684 73.54 68.5 69.4 64.0 68.2 49,310 3.36 1,994 73.28 68.5 69.5 64.1 67.4 33,660 3.35 1,946 74.58 69.6 71.0 64.0 67.0 45,480 3.38 2,514 87.92 80.8 80.1 88.1 70.3 37,680 3.39 1,913 87.06 79.2 78.4 86.6 69.5 36,990 3.59 4,121 107.75 96.9 97.4 102.3 76.7 33,840 3.60 3,653 108.02 96.9 97.6 101.3 77.7 40,060 3.72 5,593 103.09 97.7 98.5 100.9 78.2 51,220 3.73 5,561 105.94 100.3 . 101.0 103.2 84.1 97.4 1,683 3,392 3,934 97.2 1.878 3,410 4,016 96.3 1,833 3,424 4,077 96.2 13, fill 1,817 3,422 4,079 95.5 13, 786 1,858 2,984 3,662 98.8 1,791 3,005 3.633 97.5 1,407 2,550 3,890 64.7 8,963 1,362 2,553 3,829 64.6 1,299 2,276 3,384 55.7 8,823 1,358 2,285 3,353 55.1 770,697 159,137 43,137 38,356 148,519 13,341 357,518 781,419 176,955 45,328 37,351 10,470 143,542 12,853 354,920 774,595 173,166 44,976 36,103 9,947 150,030 13,039 347,334 782,699 168,827 47,603 38,745 11,197 151,515 12,920 351,892 758,693 176,337 39,444 32,562 10,189 159,289 13,265 327,610 742,617 173,055 38,385 31,113 9,914 158,910 12,602 318,638 619,388 135,619 30.877 31,577 10,639 147,527 10,485 252,664 620,596 132,248 31,564 30,548 10,972 149, 289 10,402 255,573 591,166 120,268 26,142 29,985 11,220 152,321 8,932 242,298 588,426 121,963 25,951 31,211 10,175 152,408 7,527 239,191 198 291 4,320 210 310 3,800 192 278 4,006 211 320 4,169 163 300 2,572 157 276 2,406 167 365 4,538 162 307 5,476 2,891 3,083 4,526 2,023 8,281 3,794 1.00 1.25 6,763 4.6S5 29S tDaily 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 cotton prices beginning August 1939. 0Rate for week ended Mar. 21 is 97.9; 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. tComparable 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. ©Automobile production data formerly shown are not available for publication. Mar. 11 MONTHLY BUSINESS STATISTICS arlier data are available in monthly issues of the Survey and the 1940 Supplement 1942 February 194:1 February 1943 Decemher January Earlier data are arailable in monthly issues of the Survey and the 1940 Supplement C O M M O D I T Y PRICES TRANSPORTATION-Continued Cost of living: National Industrial Conference Board: Com binnd indexf - - -1923= 100.. Clothing do.,.. Foodf . __do,... Fuel and light do... Housing do Sundries do— Retail prices: Fairchild's index; Combined index Dee. 31,1940=100 Apparel: Infants' do... Men's do... Wotnen's do... Home furnishings ...do... Piece goods - do^.. Class I steam railways—Continued. Freight carloadings (Fed. Res. indexes)—Con. Combined index, unadj.—Continued. Livestock 1923-25=100., Merchandise, 1. c. 1 do Ore._ do._.. Miscellaneous. _ do 95.2 84.5 95.8 00.4 90.4 102.9 86.1 73.1 78.8 8fJ.4 87.7 98.2 93.2 80.1 92.6 90.3 89.9 102.2 94.5 82.4 95.2 '90.3 90.1 102.5 111.9 94.5 108.3 110.2 106.7 102.7 111. 2 114.3 110.8 97.6 89.3 93.3 96.0 87.6 103.7 98.1 107.7 110.2 105.0 104. 9 101.1 109.1 112.7 107.1 CONSTRUCTION A N D REAL ESTATE Engineering construction: 1 Contract awards (E. N . R.)--tbous. of dol. 634,823 424,269 269,6S9 Highway construction: Concrete pavement contract awards: 8,176 3,464 2,083 Totalf thous. of sq. yd_. 2,964 227 1,451 Airports* -do. 3,197 819 1,110 Roads do 2,015 1,037 903 Streets and alleys _'_, do Construction cost indexes: 203.3 193.3 204.0 Asso. General Contractors. 1913-100.. 267.6 250.7 Engineering News Record (all t y p e s ) . . d o — 269.7 628,780 4,726 2,490 1,139 1,098 203.3 269.4 DOMESTIC T R A D E Retail trade: Variety-store sales, combined sales, 7 chains: Unadjusted 1935-39=100.. p 108.1 p 136.1 Adjusted ^ do. Mail-order and store sales: Total sales, 2 companies thous. of dol_. 99,640 37, 969 Montgomery Ward <fe Co do Sears, Roebuck & Co ..do 61,671 249.6 113.9 97.0 132.3 83,832 204,339 33,841 85,269 49,992 119,069 111,481 41,854 69,627 92.1 116.2 FINANCE Banking: • Bank debits, total (141 cities)...mil. of dol.. New York City ..do,... Outside New York City ..do.... Savings deposits, savings banks in N . Y. State: Amount due depositors mil. of doL. Life insurance: Association of Life Insurance Presidents: Insurance written: Policies and certifs., total number thousands.. Group do. Industrial.—, do. Ordinary do-.__ Value, total thous. of dol_. Group do.,_. Industrial do Ordinary do Security markets: Bonds: Prices: Average price of all listed bonds (N. Y. S. E.)_. dollars.. Domestic do. Foreign do. Value, issues listed on N . Y. S. E.: Face^yalue,.all issues .mil. of dol.___ Domestic issues • do.JZ. Foreign issues do Market value, all issues ..do Domestic issues do Foreign issues do Stocks: 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. TRANSPORTATION 37, 773 14,242 23,531 32,726 13,268 19,457 51,717 20,598 31,118 44,261 17,247 27,014 5,401 5,652 5,549 5,433 770 1,193 677 726 33 246 32 30 404 598 418 464 334 349 227 231 650,649 588,359 1,141,316 g55,353 50,231 43,240 298,817 49,076 126,492 136,166 186,190 119,820 473,926 408,953 656,309 786,457 56.27 95.24 97.31 58.45 60, 532 54,225 58t 237 ' 57,411 49,891" • 55,080 3,157 4,334 3,121 57,584 50,277 55,034 55,793 48,307 53,257 1,777 1,971 1,791 59,076 55,924 3,152 56,261 54,419 1,842 48.7 M9.2 95.13 97.18 57.40 47.8 92.72 96.82 45.47 53.8 94.50 1941 1942 February December 183 148 93 101 181 131 101 100 246 149 63,721 159,973 16,462 119,381 114,436 ' 83.106 201,613 r165,018 521 73,694 88,482 307 45,239 71,458 984 98,444 4,448 [,118,552 791,910 326, 642 163,321 549 95,538 117,805 717 135,478 7,936 655,049 1,313 1,964 1,789 •-826 ••477 220 1,129 816 443 1.116 660 310 93 January 97 186 152 FOODSTUFFS Stocks, cold storage, end of month: Butter, creamery thous. of lb_. Cheese, total do Eggs: Shell thous. of cases.. Frozen . thous. of lb_. Fish, total (15th of month) do.... Total, meats.. mil. of lb_. Beef ...thous. of lb_ Lamb and mutton do Pork, total. do Fresh and cured do— Lard -.do.-.. Poultry do Livestock: Cattle and calves: Receipts, principal markets _ thous. of animals... Disposition: Local slaughter _ do Shipments, total do— Stocker and feeder do— Hogs: Receipts, principal markets do . Disposition: Local slaughter do Shipments, total do Stocker and feeder do Sheep and lambs: Receipts, principal markets do— Disposition: Local slaughter do— Shipments, total. do— Stocker and feeder do— Raw sugar, United States: Meltings, 8 ports long tons.. Stocks at refineries, end of month do 894 146,326 8,149 854,194 623,044 231,150 178.829 1,467 973 479 199 2,463 2,513 1,748 710 51 • 1,814 '699 48 1,535 907 629 126 331 ' 76,293 * 99,979 ••888 142,599 '8,228 823,129 613,659 186,511 209,470 218,392 206,120 3,704 2,692 935 2,670 1,033 60 1,416 1,719 1,791 ••848 '569 128 ' 1.016 699 199 1,036 754 197 18.1,387 323,430 199 66: 296,796 318,644 291,839 350,074 218,993 METALS AND MANUFACTURES Pig iron and iron manufactures: Pig iron: Furnaces in blast, end of month: Capacity short tons per day.. 160,360 220 Number.. 4,458 Production thous. of short tons _. Steel, crude and semimanufactured: Steel ingots and steel for castings: 6,525 Production. thous. of short tons. 96 Percent of capacity Nonferrous metals: Copper: Production: Mine or smelter (including custom in80,303 take) short tons. 81,724 Refinery do... Deliveries, refined, total d o . . . 107,616 77,329 Stocks, refined, end of month do... 148,555 202 4,198 6,238 97 162,140 159,270 216 217 5,012 4,971 7,164 98 7,129 95 79,240 88,463 '88,205 93,654 89,940 90,017 112,819 138,585 130,467 97,689 75,564 81,371 PAPER A N D P R I N T I N G Newsprint: -Canada: •— — Production short tons. Shipments from mills do... Stocks, at mills, end of month do.— United States: Production do... Shipments from mills do... Stocks, end of month: At mills do... 278,101 264,621 156,957 245,607 300,823 311,904 239,745 319,282 291,998 176,137 123,571 143,477 76,234 75,247 79,720 81,241 81,680 83,998 84,628 80,787 12,414 16,917 7,586 11,427 TEXTILE PRODUCTS 35,234 1,467 39,398 1,455 35, 786 1,463 36,228 1,467 Cotton: Consumption bales. Rayon: Deliveries (consumption), yarn*..mil. of lb. Stocks, yarn, end of mo —do... Class I steam railways: STONE, CLAY, AND GLASS Freight carloadings (Fed. Res.indexes): PRODUCTS 129 128 115 126 Combined index, unadj 1923-25=100-. 13fi Plate glass, polished, production 125 129 130 Coal do. thous. of sq. ft. 184 182 183 180 Coke. do. 140 Window glass, production 129 thous. of boxes. 128 150 Forest products ..do. _ 125 113 85 Percent of capacity -108 Grains and grain products do 95 97 75 75 Livestock do 93 96 TRANSPORTATION EQUIPMENT 9S 94 Merchandise, 1. c. 1 do 46 69 45 46 Ore.. __ do 131 American Railway Car Institute: 138 118 133 Miscellaneous. do..-. 140 137 124 136 Shipments: Combined index, adjusted -do. 119 111 113 114 Freight cars, total number Coal _. do. 153 167 149 147 Domestic _ .do... Coke do 156 145 133 156 Passenger cars, total do.. Forest products do..-. 142 124 102 129 Domestic __ do.. Grains and grain products do ' Revised. •-•••• * Preliminary. i D a t a for January are for 5 weeks; other months, 4 weeks. •New series. See note on corresponding item in the February 1942 SUBVEY. fRevised series. See note on corresponding item in the February 1942 SURVEY. 1942 February 893,745 793,428 887,326 945,909 35.9 4.4 31.6 10.0 39.3 3.8 41.2' M.8 5,600 1,457 89.7 15,664 1,397 86.1 10,311 1,696 104.5 9,143 1,639 100.9 7,752 7,652 24 20 4,122 4,057 7,183 7,181 35 29 6,150 6,150 42 42 MONTHLY BUSINESS STATISTICS—Continued 1942 Earlier data are arailable in monthly issues of the Survey and the 1940 Supplement January January DOMESTIC TRADE Retail trade: Chain-store sales, indexes: Chain-store Age, combined index (20 chains) average same month 1929-31=100. Apparel chains do Drug chain-store sales:* Unadjusted 1935-39=100.. Adjusted _do Grocery chain-store sales: Unadjusted 1929-31 = 100.. Adjusted... do— 1943 1941 Earlier data are available in monthly issues of the Survey and the 1940 Supplement January January ber « 164.0 188.0 124.0 133.0 151.0 162.0 157.0 178.0 121.7 127.0 104.1 107.7 116.9 116.4 165.0 121.3 162.1 167.1 118.4 122.0 148.0 148.0 156.6 152.1 41.5 35.74 .860 41.6 36.08 247, 966 23, 670 11,949 53,168 159,179 414,137 90,148 24, 757 84, 397 214,835 121, 539 123,355 124, 985 128.293 G2, 745 35, 082 200, 602 42,546 158,056 63,378 35,596 203, 423 43, 154 160,269 29,666 16,230 31,127 17,142 25,118 42,261. 24,855 38,895 EMPLOYMENT AND WAGES National Industrial Conference Board: Average weekly hours per worker in fac40.2 414 tories --_hours.. 30.61 37.59 Factory average weekly earnings....dollars.. .759 Factory average hourly earnings. do FINANCE Life insurance: Premium collections, total ©..thous. of dol.. 295,827 285, 226 39,681 38,921 Annuities do 15,336 17,842 Group .do 60,863 61,281 Industrial __ .do... Ordinary do.... 177,783 169, 346 FUELS AND BYPRODUCTS Petroleum and products: Crude petroleum: 110, 683 Consumption (runsto stills).thous. of bbL. 110, 647 Production do_. 83 Refinery operations pet. of capacity-. Stocks, end of month: California: 70.474 Heavy crude and fuel.. -thous. of bbl.. 35,961 Light crude do 219,905 East of California, total.. do 42,760 Refineries do 177,145 Tank farms and pipe lines do. -. Refined petroleum products: Gas and fuel oils: Production: 27,880 Residual fuel oil do 17,018 Gas, oil and distillate fuels, total.do Stocks: 22,060 Residual fuel oil do 28,034 Gas, oil and distillate fuels, total.do Motor fuel: 45,344 Demand, domestic do 52,542 Production, total. do 313 Benzol do 21,353 Straight run gasoline ..do 25,992 Cracked gasoline __ do.... 4,884 Natural gasoline. ._ .do 4,016 Natural gasoline, blended do_.. Stocks, gasoline, end of month: 83,310 Finished gasoline, total do... 55,562 At refineries do 5,490 Natural gasoline. do... Kerosenc: 7,769 Consumption, domestic do... 6,661 . Production do.... 8,312 Stocks, refinery, end of month do... Lubricants: 2,367 Consumption, domestic. do... 2,943 Production do.... Stocks, refinery, end of month do. ... LEATHER AND PRODUCTS Leather: Production: 994 938 Calf and kip .___thous. of skins.. 2,182 2,645 Cattle hides __.thous. of hides.. 2,968 4,287 Goat and kid thous. of skins.. 4,163 3,544 Sheep and lamb do Stocks of cattle hides and leather, end of month: Total thous. ofequiv. hides.. 14,170 14,063 9,588 In process and finished do 9,037 4,475 Raw . .do 5,133 LUMBER AND MANUFACTURES National Lumber Mfrs. Assn.: 2,298 2,396 Production, total .mil. of bd. ft. 360 Hardwoods do.-. 376 1,938 Softwoods.. do... 2,020 2,480 2,592 Shipnients, total.. __ do... 393 Hardwoods do... 3S1 2,087 Softwoods do._. 2,211 6,384 Stocks, gross, end of month, total do..6,110 l t 455 Hardwoods do... 1,349 4,929 Softwoods do.._ 4,761 Softwoods: Southern pine: 773 Orders, new. do... 1,050 511 796 Orders, unfilled, end of month do—825 Production ...do.-. 763 875 Shipments do.,. 760 1,375 Stocks, end of month ___do.-_ 1,506 516 519 263 418 1,566 425 394 262 411 1,663 387 345 436 443 1,779 491 421 357 415 1,721 861 926 717 701 991 676 675 681 855 590 587 670 613 929 946 827 740 717 971 81,089 68, 742 65,884 60,745 66, 738 56, 587 71,311 70. 744 370 1.454 76.7 1,444 63 1.762 1,586 77.3 lT604 25 2,047 1,859 90.7 1.851 34 3,787 3,618 3,152 3,422 6,840 3,912 4,612 7,105 4,338 924 779 804 858 1,678 1.016 1,365 1,058 38,433 4,652 40,930 4,291 40,901 4,977 54,658 55,711 47, 248 41,566 45,980 13,671 48,829 50,680 20,185 2,640 10,174 1,030 2,239 13,731 1,955 3,163 14.654 2,216 44,332 887 17,666 37,668 1,498 20,222 31,663 984 20,809 5,648 2,368 2,459 M E T A L S AND M A N U F A C T U R E S <) 61,243 287 24, 244 30,718 5,994 4,717 63,573 323 24,913 32, 255 6,082 4,622 79,378 49,351 4,557 86, 413 56,325 4,275 () 6,682 10,843 3,607 7,752 8,127 1,002 2,438 3,836 4,408 1,048 ' 2,572 4,441 4,303 14,277 8,780 5,497 • 13,989 " 8,852 ' 5,137 2,315 364 1,951 2,257 373 1,884 6,169 1,234 4,935 '2,494 382 2,113 2,489 371 2,118 6,306 1,355 4,951 597 603 650 627 800 621 809 782 1,425 *• Revised. • Data not available. *New series. See note on corresponding item in the February 1942 SURVEY. L U M B E R AND M A N U F A C T U R E R S — Continued 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 Stocks, end of month . do.... Pig iron and iron manufactures: Castings, malleable: Orders, new short tons 105, 556 Production do 6St741 Shipments do... 65,217 Steel, manufactured products: Barrels and drums, steel, heavy types: Orders, unfilled, end of month-thousands.. 1,977 Production do 1,939 88.8 Percent of capacity 1,940 Shipments thousands.. 33 Stocks, end of month __do Furniture, steel: Office furniture: 4,490 Orders, new thous. of dol_. 7,335 Orders, unfilled, end of month do 4,236 Shipments do Shelving: 1,082 Orders, n e w . . ..do 1,405 Orders, unfilled, end of month do 1,042 Shipments ...do Lead: Ore: Receipts, lead content of domestic ore short tons.. 43, 224 3,231 Shipments, Joplin district do Refined: 43,3C7 Production from domestic ore do 53,037 Shipments (reported) do Stocks, end of month do 20,531 Machinery and apparatus: Electric overhead cranes: Orders, new thous. of dol.. 5,927 Orders, unfilled, end of month do 18.415 Shipments . do 2,079 Pumps and water systems, domestic shipments: Pitcher, other hand, and windmill pumps 36,899 units.. 1,150 Power pumps, horizontal type do 17,423 Water systems, including pumps.. do Pumps, steam, power, centrifugal, and rotary: Orders, new thous. of dol.. 4,138 P A P ^ R AND P R I N T I N G Paper: Total paper, incl. newsprint and paperboard: Production short tons.. Paper. excl. newsprint and paper board: Orders, new short t o n s . . Production do Shipments. __. do Fine paper: Orders, new do Production ..do Shipments do Stocks, end of m o n t h . . do Wrapping paper: Orders, new do Production do Shipments.. do Stocks, end of month do Paperboard: Consumption, waste paper.— do Orders, new._ do Orders, unfilled, end of month do Production. __ do Percent of capacity _ Waste paper stocks, at mills short tons.. TEXTILE 1,243,811 1,002,800 1.161,122 1,177,426 574,332 488,585 494,691 623,096 579,124 466,697 541,855 550,696 578,262 471,114 541,125 557,951 66,905 61,705 62,677 39,379 49,492 45,169 46,750 66,826 52,773 58,242 60,053 42,430 51,948 60,176 60,881 41,318 205,571 177,007 171,950 195,773 211,650 172,622 186,799 197,408 211,880 172,176 188,076 196,880 70,689 89,015 68,960 70,422 425,878 581,502 406,348 580,059 96.8 181,456 322,408 419,770 437,902 520,931 527,829 521,866 160,561 433,788 404,121 446,979 536,646 545,050 92.6 76.1 98.5 264,393 167,424 186,522 PRODUCTS Clothing: Hosiery: Production. thous. of dozen pairs._ Stocks, end of m o n t h . __ do Miscellaneous products: Pyroxylin-coated textiles (cotton fabrics);Orders, unfilled, end of mo. thous. linear y d , Proxylin spread .thous of lb._ Shipments, billed ..thous. linear y d . . 13,147 22,304 12,747 24,527 12,501 21,367 12,555 22,026 6.652 6(042 6,611 3,896 5,993 5,881 8,206 6,698 7,097 7,825 6,637 7,398 ®40 companies through 1940 and 39 companies in 1941 having 81 percent of total life insurance outstanding in all United States legal reserve companies. U, 5. GOVERNMENT MINTING OFFICEi tt4Z
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