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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 27, 1941
SUMMARY OF BUSINESS TRENDS
T^ACTORY employment increased by about the usual
Jt/ seasonal amount during February, the Federal Reserve
Board's adjusted index advancing only fractionally to 118.4
from 118.3 in the previous month. A small rise in the adjusted
index of durable goods employment offset a decline in the index
for nondurables to register this smallest rise in the total index
since the current upswing began in May 1940. On an unadjusted basis relatively large employment gains were recorded in
defense industries such as shipbuilding, aircraft, machine tools,
and the production of engines and turbines. Advances in other
durable-goods lines, however, were less marked, with declines
taking place in agricultural implements, aluminum, railroad cars,
and some types of home furnishings and office equipment. Payroll increases were larger than those- for employment, a rise of 2
percent in the index for total factory employment during the
month being accompanied by a 5-percent rise in the pay-roll
index. As a result, there was a further rise in the adjusted
index of income payments in February to 96.8 from 96.3 in the
previous month.
Data now available for March indicate a continued moderate
upward movement in production although the rate of advance
on a seasonally corrected basis has lessened for some industries
and has been reversed for others. Because of the close approach
to capacity limits, steel-ingot production has not scored its usual
seasonal rise despite a rate of 99.8 percent of capacity for the
current week. Automobile production also continues to hold
relatively steady instead of showing the usual seasonal increase
for this month, while output of lumber has declined slightly
according to the latest weekly data available. Crude petroleum
output is holding close to the expected seasonal pattern, with
operations at refineries somewhat below the level reached
in February. Production of bituminous coal has advanced
steadily so far in the month against the usual heavy seasonal
decline.
Sensitive commodity prices continued their rapid rise in the
past week with both domestic and import commodities sharing
about equally in the upward movement. The Bureau of Labor
Statistics' 28-commodity index (1939—100) advanced to 132.2
on March 21 from 129.1 a week earlier, cotton, sugar, wool tops,
copper, lead, and zinc being the only commodities in the index
which failed to rise. Recent heavy demands for metals, However, have been reflected in price advances in secondary markets.
This has resulted in the action of the price-stabilization division
of the National Defense Advisory Commission in fixing price
ceilings for aluminum scrap and secondary aluminum ingots,
and in the division's statement that similar action would be
taken in other secondary markets should unwarranted price
increases occur.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
ELECTRIC POWER PRODUCTION
(PERCENT OF CAPACITY)
120
FREIGHT-CARLOADINGS
(BILLIONS OF KILOWATT HOURS)
(THOUSANDS OF CARS)
100
80
60
40
20
AUTOMOBILE PRODUCTION
BITUMINOUS COAL PRODUCTION
COMMERCIAL LOANS
(THOUSANDS OF VEHICLES)
(DAILY AVERAGE-THOUSANDS OF TONS)
(BILLIONS OF DOLLARS)
PRICES OF 3 5 0 INDUSTRIAL STOCKS
PRICE INDEX OF 2 8 BASIC COMMODITIES
160
(AUG. 1939-100)
140
THURSDAY FIGURES
120
140
120
r"
J
100
100
80
(INDEX. 1926-100)
WEDNESDAY CLOSE
V
80
FACTORY EMPLOYMENT a PAYROLLS
(1923- 25 • 100)
(SEASONALLY ADJUSTED 1929- 1 0 0 )
105
100
,,,,,,
60 , . i , . l , , i . ,
, , 1 . , 1 , . 1 , , , , 1 . . \ . . 1 , , . , 1 . ^ 1 . . I . ^_
INCOME PAYMENTS
ItONTHUT DATA
95
90
85
80
75
, , 1 , , l . , - l
1938
300980-41
1939
t
.
. . ( , .
l , , l .
1940
i i i t
1941
1938
1939
1940
1941
WEEKLY BUSINESS
INDICATORS'
[Weekly average, 1923-25-100]
122.1121.7 122.6 121.6 99.4 99.8 94.5
131.1 129.3 131.0 130.0 102.5 103.8 94.1
144.8 144.3 144.3 143.7 105.8 107.5 99.2
Commodity prices, wholesale:
Dept. of Labor, 1926^100:
Combined index
Farm products
Food
Allother....
_
Fisher's index, 1926=100:
Combined index
Copper, electrolytic!
_.,
Cotton, middling, spot
Construction contracts t_
Distribution: Carloadings
Employment, Detroit, factory.
Finance:
Bondyieldst..,
Stock prieest--
80.6
70.9 70.5
74.3 73.4
84.9 84.8
80.5 80.4 77.9 78. 76.6 76.7
70.4 70.2 67.5 68.0 66.7 67.1
73.1 73.2 69.9 70.4 70.8 70.7
84.7
82.9 83.0 80.6
87.8 86.6 85.9 86.0 85.9 84.1 84. 79.8 79.9
85.5 85.5 85.5 85.5 85.5 81.2 81.9 79.7 79.7
41. 40.8 40.1 40.1 40.1 40.4 40.8 32.7 31.6
87. 78.4 78.5 55.8 90. 55.0
77.9 79.4 71.: 65.1 65.0 63.2 62.1
122.1
110.6
99.7
58.6
58.8 59.1 59.3 62.0 62. 65.2 64.5
90.1 88.3 110.4 111.0 101.9 106.2
90.6 90.5
Finance—Continued.
Banking:
Debits, outside N. Y. 0 4 - - - Federal Reserve reporting
member banks:
Loans, total.
Interest rates:
Call loans!
Time loans*
Currency in circulation!
Production:
Automobiles
Bituminous coal %
Cotton consumption^
Electric powerf
Lumber
Petroleum!..
Steel ingots©
Receipts, primary markets:
Cattle and calves
Hogs
Cotton—.
Wheat
1939
Mar. Mar.
25 18
Mar. Mar. Mar. Mar. Feb.
22 15
8
1
22
Mar. Mar. Mar. Mar. Feb. Mar. Mar. Mar. Mar.
18
22 15
8
1
22 23 16 25
Business activity:!
New York Times§.
Barron's
Business Week
1940
1941
1939
1940
1941
125.4 101.4 121.2 119.8 120.2 103.2 89.3 90.3 86.7
77.7 77.5 76.7 76.0 75.4 68.9 68.9 65.'
66.3
24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6
182.0 181.8 181.5 180.3 179.2 154.3 154.0 139.3 139.3
158.7 167.1 160.1 161.0 162.5131.5 134.5113.7 110.3
78.4 82.6 73.8 76.3
109.1 154.3
105.9 151.6
105.6 157.5
101.1
.5 116.7 118.5 111. 1 109.8
169.1 170.2 169.6 169.3.3 145.5 147.7 132.0 133.6
52.9 52.4 51.5 55.7 45.9 46.4 38.4 38.9
181. 6 180. 180.1 180.0 192.0 192.9 167.7167.8
174.9 173. 8 171.5169.4166.4107.0 111.0 95.2 95.7
54.0 53.0 56.9 59.6 56.2 54.5 63.0 57.6
46.0 42.1 43.1 50.8 46.5 55.2 36.3 36.1
86.9 82. 57.3
51.9 60.0 79.2 36.5 38.5
40.8 32.3 30.:
24.0 51.1 56.4 42.5 36.3
•Data do not cover calendar weeks in all cases.
^Seasonally adjusted.
iDaily average.
tWeekly average, 1928-30=100.
^Computed normal=lOO. Index revised beginning Jan 8,1938; revised data not given in the issue for Jan. 23,1941, and subsequent issues will be shown later.
©Index for week ended Mar. 29 is 175.6. Beginning Jan. 11,1941, index is based on production of steel ingots and steel for castings.
WEEKLY BUSINESS
STATISTICS*
1941
1940
1939
1938
ITEM
COMMODITY PRICES', WHOLESALE
Copper, electrolytic, New York!
dol. p e r l b .
Cotton, middling, spot, New York
do___
Food index (Bradstreet's)
do.__
Iron and steel, composite.
dol. per tonWheat, No. 2, Hard Winter (Kansas City)_dol. per bu.
FINANCE
Banking:
Debits, New York City
mil. of dolDebits, outside New York City (140 cities)
do...,
Federal Reserve banks:
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
U. S. Government direct obligations
do
Obligations fully guaranteed by U. S. Government
.mil. of dol.
Loans, total§_.
_
-_do_.
Commercial, industrial, and agricultural loans§
mil. of dol.
Interest rates, call loans1
__
...percentInterest rates, time loans!
..do...,
Exchange rates: Pound sterling!
dollars.
Failures, commercial
...number.
Currency in circulation!
mil. of dol.
Security markets:
Bond sales (N. Y. S. K).--thous. of dol. par value..
Bond yields {Moody's) (120 bonds)X
percent..
Stock sales (iV. Y. S. E.)
...thous. of shares..
Stock prices (AT. Y. Times)tdol. per share..
Stock prices (Standard and Poor*s) (420)
1926=100
Industrials (350)
do
Public utilities (40)
do.\~_.
Railroads (30)
do...
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles^
number
Bituminous coalj
thous. of short tons..
Electric power
_
mil. of kw.-hr .
Petroleumt
_
thous. of bbl
Steel ingots®
pet. of capacity
Construction contract awardst~
thous. of dol
Distribution:
Freight-carloadings, total
cars..
Coal and coke
_
__<jo
Forest products
.do
Grains and grain products
do
Livestock...
_
do
Merchandise, 1. c. 1
do
Ore
._
'.
__
_
do
Miscellaneous.
_
do
Receipts:
Cattle and calves
_
thousands
Hogs
_
_
do....
Cotton into sight
thous. of bales..
Wheat, at primary markets
thous. of bu..
Mar. 22
Mar. 15
0.118
.112
2.65
38.29
.85
0.118
.111
2.61
38.29
.84
4,514
5,816
Mar. 1
Feb. 22
Mar. 23
Mar. 16
Mar. 25
0.118
.109
2.59
38.26
.81
0.118
.109
2.55
38.23
0.118
.109
2.55
38.23
.76
0.112
.110
2.29
36.84
1.03
0.113
.111
2.31
36.86
1.00
0.110
0.110
2.31
36.42
2.29
36.39
0.098
.087
2.46
38.75
.90
0.098
.086
2.48
38.78
.91
3,457
4,706
3,866
5,620
3,444
4,631
3,604
5,574
3,598
4,787
3,581
4,141
3,509
4,189
4,112
4,019
3,197
3,819
3,747
4,079
2,259
2,184
13,741
6,106
2,244
2,184
14,211
6,483
2,237
2,184
14,136
6,435
2,223
2,184
14,175
6,542
2,235
2,184
14,021
6,440
2,520
2,475
12,256
5,594
2,624
2,477
12,439
5,777
2,573
2,564
3,364
2,595
2,564
9,077
3,443
2,608
2,564
7,328
1,460
23,186
5,449
17.129
10,588
23,487
5,462
17,055
10,519
23,362
6,470
17,076
10,458
23,431
5,454
16,955
10,334
23,157
5,466
16,958
10,420
19,251
5,333
14,792
8,941
19,507
5,343
14,821
8,943
15,976
5,212
13,533
8,238
16,143
5,198
13,541
8,280
2,592
2,564
7,333
1,559
14,301
5,231
12,107
7,876
2,755
9,714
2,766
9,689
2,774
9,592
2,766
9,495
2,760
.9,423
8,606
2,387
8,616
2,036
8,209
2,023
8,281
1,166
8,805
1,164
5,414
1.25
«4.032
255
8,837
5,374
1.00
1.25
«»4.032
268
8,827
5,287
1.00
1.25
«4.032
241
8,814
5,227
1.00
1.25
- 4.031
305
8,755
5,220
1.00
1.25
4,379
1.00
1.25
3.732
253
7,492
4,367
1.00
1.25
3.766
254
7,480
3,805
1.00
1.25
4.682
350
6,765
3,794
1.00
1.25
4.685
298
6,763
4,306
1.00
1.25
4.961
4,335
1.00
L25
4.970
52,600
3.38
2,554
87.97
76.5
89.0
74.4
26.6
45,480
3.38
2,514
87.92
76.5
88.7
75.4
26.5
37,680
3.39
1,913
87.06
75.0
86.8
74.1
26.2
35,510
3.41
1,947
87.52
73.3
84.9
72.5
25.4
26,350
3.42
1,892
85.73
73.3
84.9
72.5
25.4
23,150
3.58
2,782
107.23
91.1
107.2
86.5
36,990
3.59
4,121
107.75
91.8
107.8
87.6
28,9
32,130
3.76
4,995
99.00
86.7
102.1
81.8
27.1
40,060
3.72
5,593
103.09
92.5
109.0
86.4
29.5
36,640
4.42
6,654
80.50
71.9
85.7
64.6
21.3
39,310
4.34
4,874
87.16
77.4
92.3
68.0
24.6
124,805
131,410
1,858
2,818
3,662
*98.8
125,915
1,804
2,835
3,633
>975
126,550
1,798
2,826
3,632
*96.3
14,083
127,740
1,722
2,820
3,630
*94.6
12,586
103,395
1,335
2,424
3.871
62.4
12,605
105,720
1,407
2,460
3,890
64.7
89,400
1,257
2,199
3,382
55.4
14,489
86,725
1,299
2,225
3,384
55.7
8,823
52,600
907
1,975
3,406
33.7
53,055
989
2,018
3,434
32.1
758,693
176,337
39,444
32,562
10,189
159,286
13,265
327,610
741,922
.173,055
38,375
31,113
9,914
158,910
12,602
317,953
756,670
174,551
40,743
34,058
10,506
159,365
12,182
325,265
678,493
164,901
36,691
27,233
9,662
139,280
12,025
288,701
619,886
126,575
33,346
31,441
10,797
147,685
10,444
259,598
619,388
135,619
30,877
31,577
10,639
147,527
10,485
252,664
601,948
117,441
28,121
31,679
11,315
153,719
7,577
252,096
591,166
120,268
26,142
29,985
11,220
152,321
8,932
242,298
572,952
85,518
27,501
10,619
152,811
7,649
250,956
540,365
92,281
26,443
30,452
11,524
150,821
7,895
220,949
171
298
215
2,572
168
273
149
2,406
180
280
197
2,040
188
330
135
1,908
178
302
156
4,065
172
358
206
4,483
199
235
95
3,380
182
234
100
2,891
214
246
112
2,159
226
247
157
2,408
1.00
226
Mar. 8
M.028
294
8,701
Mar. 18 Mar. 26 Mar. 19
6,328
©Rate for week ended Mar. 29 is 99.8.
t Daily average.
«Data do not cover calendar weeks in all cases.
1 Source: Ward's Automotive Reports.
§ Data for 1938 not strictly comparable with data for later years; see note on corresponding data shown on p. 51 of the 1940 Supplement.
• Free rate.
• Based on estimated capacity Dec. 31,1940, including open-hearth, Bessemer, and electric furnace ingots, and steel for castings produced by any process.
14,335
5,223
12,255
8,089
MONTHLY BUSINESS STATISTICS
1940
gether with explanatory notes and references
to the sources of the data, may be found in the Febru1940 Supplement to the Survey
ary
F
u
^ "
March
April
May
June
July
1941
August
October
N
°bveerm-
January
BUSINESS INDEXES
Pages 6, 7,8, 9,10
Income payments: t
Indexes adjusted:
88.7
'95.8
91.7
90.5
88.2
92.5
88.6
88.4
93.6
89.3
Total income payments
1929=100
89.7
'90.6
87.9
'97.0
92.2
91.5
90.4
87.3
86.2
93.9
88.8
87.0
Salaries and wages
do_..
87.5
J>98.7
'97.8
93.4
90.7
-•96.9
94.7
93.0
92.3
91.1
88.7
89.3
89.6
*>97.8
Total nonagricultural income
do._.
'97.3
6,681
6,240 ' 7,390 ' 6,525
6,103
6,288
6,467
5,791
5,965
5,987
5,604
Total
....mil. ofdoL. v 6,145
Salaries and wages:
4,178
3,841
' 3,871
"4,290 '4,200
4,169
4,030
3,784
3,784
v 4, 245
3,742
Total...
do,
3,766
Commodity-producing industries
1,604
1,562
1,419
1,391
1,597 ' 1,642 ' 1,614
1,493
1,423
1,356
1.352
mil. of dol-. p 1,670
963
940
915
908
1,004
958
917
923
900
900
Distributive industries...
do—
938
949
882
867
860
854
900
888
859
854
845
845
Service industries
do
845
890
602
550
557
548
'620
455
452
540
539
Government
do
536
'616
127
111
120
137
'124
117
114
143
148
Work-relief wages
do....
140
'131
84
87
87
92
94
Direct and other relief
do
95
Social-security benefits and other labor in144
145
come
..___.mil. of doL.
145
164
152
150
166
167
166
155
P 150
151
155
494
845
1,573
897
Dividends and interest
do
472
485
901
1,050
799
820
P443
447
811
Entrepreneurial income and net rents and
1.294 '1,270
1,347
1,427
royalties
mil. of doL. p 1,221
1,306
1,115
1,124
1,214
1,182
1,138
1,134
1,169
5,909
5,570 ' 6,797 f 5,975
5,211
Total nonagricultural income
...do
5,818
5,821
5,232
5,562
5,479
5,519
5,108
* 5, 550
Agricultural marketings:
Cash income from farm marketings:
Crops and livestock, combined index:
Unadjusted
. . . 1924-29=100..
96.5
117.0
86.0
95.0
62.5
62.5
79.0
66.0
'74.5
60.5
75.0
60.0
Adjusted...,.
_,_„
do._.
79.5
80.5
85.5
75.5
70.0
81.5
71.0
80.0
84.0.
»83.5
'86.5
71.0
76.0
66.5
69.0
Crops
:':
do._.
72.0
• 64,5
"6175 —-37.-S
77.0
-59.-0^73.5
*66.5
81.0
72.5
'73.0
91.5
90.5
Livestock and products._.do._.
98.0
85.5
78.0
85.5
81.5
85.5
86.5
83.0
79.0
98.5
99.5
93.5
Dairy products
do... P 102.5
104.0
92.0
82.0
89.5
90.0
84.5
94.0
84.0
89.5
99.5
91.0
94.5
96.0
Meat animals...
do... P102.5
88.0
79.0
88.0
82.0
90.5
82.0
88.0
75.0
'101.0
74.5
70.5
89.5
Poultry and eggs
...do...
67.0
64.0
70.5
65.0
70.5
80.0
65.0
70-0
78
85.0
Industrial production (F. R.):\
134
Combined index, unadjusted...1935-39=100
135
135
129
121
116
120
112
118
112
113
p 138
133
136
137
Manufactures, unadjusted
do...
139
130
120
122
116
118
112
112
114
*142
'137
119
122
Minerals, unadjusted
.do
114
124
117
121
118
118
111
112
J" 115
110
M13
132
129
Combined index, adjusted.....
_do
121
138
125
121
121
115
116
*141
111
139
113
135
131
122
Manufactures, adjusted
do
121
'142
127
116
x-145
122
114
'143
110
112
133
76
130
87
129
*156
Automobiles
do
134
109
106
101
103
149
120
134
113
113
123
108
*134
Textiles and products
.do
'140
116
107
104
100
134
100
117
114
120
114
M18
113
Minerals, adjusted
.do
118
116
118
••117
••113
119
117
COMMODITY PRICES
Pages 12,13,15,130, 132
Cost of living (U. S. Department of Labor):
100.2
100.4
100.1
100.7
Combined index*
1935-39=100.
100.7
100.5
100.8
101.6
101.6
101.6
101.6
Clothiug*
do_.._
100.2
101.7
99.9
102.0
96.2
97.2
95.9
••97.3
97.8
98.3
97.9
Foodf
—do....
95.6
99.9
99.3
100.3
100.7 ' 101.1
•100-9
98.6
Fuel, electricity, and ice*.._
.do
100.6
100.4
100.3
100.6
100.4
100.1
99.8
100.1
Housefurnishings*
.do.
100.5
104.7
104.7
104.7
105.1
104.9
105.0
104.6
104.5
Kent*
..do.
101.6
101.4
101.7
101.9
101.8
'101.9
100.6
100.8
Miscellaneous*
do
Wholesale prices (U. S. Department of Labor):
78.7
78.0
80.0
79.6
77.4
80.8
78.4
77.7
77.5
78.6
78.7
Combined index
1926=100..
78.4
80.6
Economic classes:
82.1
82.6
82.8
81.5
83.5
81.0
80.9
80.5
81.2
81.4
Finished products
do
81.3
83.5
81.1
71.4
73.6
72.6
70.5
74.6
69.8
70.7
73.0
Raw materials
do
70.7
72.7
72.0
74.0
72.0
79.4
80.7
80.7
77.6
81.3
77.0
77.9
78.2
Semimanufactures
do
77.8
79.9
78.3
81.6
79.7
66.4
69.7
66.2
71.6
68.2
65.6
66.2
69.4
Farm products,.
_
.do
66.5
68.7
67.9
70.3
67.9
Commodities other than farm products*
81.3
82.1
81.9
80.4
82.7
79.9
1926=10080.0
79.8
80.5
80.5
80.5
82.7
80.8
71.1
73.5
72.5
73.7
71.5
70.1
Foods
._
do
70.3
71.4
71.6
73.5
70.3
70.2
71.1
Commodities other than farm products and
84.1
83.5
84.1
84.3
82.3
foods
1926=100..
82.0
84.4
82.2
82.5
82.3
82.5
83.2
82.9
Pig iron:
22.50
22.90
23.50
22.50
Basic (valley furnace)
dol. per long ton..
22.50
22.50
22.50
22.50
22.50
23.50
22.50
22.50
22.50
23.15
23.15
23.15
Composite
__
do
24.17
23.15
23.15
23.15
23.15
23.15
23.15
24.20
23.15
23.15
Foundry, No. 2, northern (Pittsburgh)
25.29
24.89
25.89
24.89
dol. per long ton..
24.89
24.89
24.89
24.89
25.89
24.89
24.89
24.89
24.89
Steel: '
.0265
Composite, finished steel
dol. per lb
.0265
.0265
.0265
.0265
.0265
.0262
.0265
.0265
.0265
.0265
.0265
.0265
Steel billets, rerolling (Pittsburgh)
dol. per long ton..
34.00
34.00
34.00
34.00
34.00
34.00
34.00
34.00
34.00
34.00
34.00
34.00
34.00
Structural steel (Pittsburgh) doUperlb—
.0210
.0210
.0210
.0210
.0210
- . 0210- -.0210. _0210 ...0210
...0210 ^ 0 2 1 0 . ^02J0
_.Q210
20.60
19.25
Steel scrap (Chicago)
dol. per gross ton..
16.88
15.33
'20.00
19.22
18.03
"19.75 "20.06
16.75
17.35
18.19
15.69
CONSTRUCTION AND REAL ESTATE
Pages 16, 20
Contract awards:
F. W. Dodge Corp. (37 States):
Construction, total value
thous. of dol,_ 270,373 200,574 272,178 300,504 328,914 324,726 398,673 414,941 347,651 383,069 380,347 456,189 305,205
206,517 145,423 195,443 224,241 236,076 227,269 279,384 272,177 253,667 284,874 301,205 341,893 230,063
Building, total value §
do
Construction cost Indexes:
American Appraisal Co.: t
212
212
208
2QS
206
202
202
202
203
202
203
212
202
Average, 30 cities
.1913^100..
208
202
198
198
195
192
192
190
191
191
191
209
Atlanta™
do—
189
231
230
227
228
225
220
220
221
220
220
221
231
New York....
_
do.--.
221
194
194
191
191
190
184
183
184
184
184
184
194
183
San Francisco
do
216
217
214
214
212
209
210
209
208
208
211
216
210
St. Louis.....
do
Associated General Contractors (all types)
193
193
192
191
189
189
187
188
187
188
187
187
1913=100..
DOMESTIC TRADE
Page 26
Newspaper advertising:
Linage, total (52 cities)..—.-thous. of lines^. 93,963 93,240 114,255 .111,989 119,883 103,290 84,440 92,041 106,701 118.784 113,191 122,786 93,171
21,918. 21,353
21,071
22,786
22,328
.20.690
19,295
22,945
23,083
23,936
23,216
21,194
21.964
Classifled , - - . . „ . _
...r...do
Display, total..
do—.. 73,272 , 73,945 91,309 88,906 95,948 80,074 63,246 70,077 84,373 95,997 92,119 100,868 71,818
3,663
4,973
6,471
4,124
5,035
5,250
4,224
5,620
7,007
7,812
5,639
3,628
3,619
Automotive
.....do
2,295
1,359
1,606
1,742
1,322
1,432
1,494
1,799
1,838
1,477
1,485
1,827
1,196
Financial
,
do
12,544
16,796
18,511
13,549
14,546
15.740
17,645
17,824
19,427
17,069
13,043
12,046
General...
_
d o . . . . 14,806
53,315
68,992
69,409
81,452
63,469
52,487
66,246
62,237
67.231
55,880
44,748
53,216
RetaiL,
do...- 51,784
p. 17 of the November 1939 Survey.
^Preliminary.
§ D a t a beginning 1925 are shown in ti
'Revised.
Department of Labor's index of prices of
*New series. Earlier d a t a for t h e D e p a r t m e n t of L a b o r ' s cost of living series will b e published in a subsequent Survey.
commodities otherthan farm products beginning 1913, see table 36, p. 18 of the September 1940 Survey.
.
tRevised series. For revised data on income payments and industrial production, Department of Labor's index of retail food prices, and index of American Appraisal
Co., see footnotes on corresponding items, pp. 65,67, and 69f respectively, of the February 1941 Survey.
MONTHLY BUSINESS STATISTICS—Continued
Monthly statistics through December 1939, to- 1941
gether with explanatory notes and references
to the sources of the data, may be found in the Febru1940 Supplement to the Survey
ary
1940
February
March
April
*>36,584
34,381
34,578
34,607
f 30,441
*10,671
»857
»1,657
9 Z, 015
* 6,170
» 4,155
* 3,916
v 1,145
28,238
9,699
854
939
2,941
6,026
4,084
450
28,435
9,652
849
991
2,940
6,201
4,100
3,702
457
28,464
9,557
835
1,118
2,956
6,122
4,160
3,716
461
28,755
9,511
845
1,249
3,000
6,197
4,202
3,751
464
117.7
120.8
114.7
118.4
121.8
115.2
105.0
99.2
110.5
105.8
100.2
111.1
104.4
99.1
109.5
104.0
98.6
'109.2
103.2
98.7
107.5
102.8
97.7
107.6
50.6
90.8
73.0
60.0
42.3
51.6
91.7
66.3
63.0
38.3
52.2
89.7
66.2
63.2
41.0
89.6
68.0
80.5
68.7
75.9
90.6
91.3
1941
August Septein- October
No
January
™m-
June
July
35,146
35,176
35,617
36,233
36, 572
36,685
37,299
29,003
9,545
838
1,321
3,032
6,254
4,214
3,799
474
29,033
29,474
9,878
839
1,443
3,081
6,168
4,226
30,090
10,184
846
1,511
3,120
6,321
4,255
3,853
634
30,429
10,373
856
1,654
3,121
6,362
4,187
3,876
733
30,542
10,434
853
1,709
3,065
6,433
4,167
3,881
822
31,156 '• 30,176
10,553 ' 10,495
855
'852
' I', 714 ' 1 , 6 2 3
3,039 ' 3,012
6,884 '6,165
4,1808 ' 4,142
3,931 '3,887
884
958
102.5
99.2
105.6
102.8
97.9
107. 4
103.1
99.8
106.2
rlO3.9
99.0
108.4
103.2
98.4
107.8
105.1
100.4
109.6
107.4
102.4
112.2
107.4
104.3
110.2
111.4
108.2
114.4
108.9
107.4
110.3
113.8
112.8
114.8
111.4
111.2
'lll.fi
114.7
115.5
113.9
114.2
114.6
113.8
116.2
117.6
' 114.9
116.6
117.5
115.7
*• 115.5
' 118. 3
'112.7
'118.3
* 121.1
' 115.2
51.2
86.2
67.7
63.1
44.5
51.8
85.1
69.2
63.3
46.9
49.7
83.8
70.3
63.8
47.9
50.5
84.9
71.0
63.7
48.1
49.9
86.6
71.5
63.6
48.5
49.8
87.7
72.5
63.0
48.9
49.4
89.2
72.6
62.4
48.8
50.4
89.8
72.5
61.3
47.2
50.8
••90.1
72.2
'60.7
'45.4
50.3
89.9
72.4
60.2
41.3
89.3
68.2
76.0
90.3
68.3
76.7
90.6
68.4
77.3
91.2
68.5
77.8
92.2
68.4
78.8
93.0
68.4
79.0,
92.7
68.5
78.9
92.3
68.7
79.1
91.8
68.7
79.2
91.3
68.4
'79.7
90.7
68.2
80.0
87.0
90.2
91.1
90.5
91.2
88,9
91.9
89.3
89.1
89.2
88.7
90.1
92.8
90.9
94.3
91.0
96.3
91.8
' 108.1
'92.5
91.2
90.9
126.4
138.6
112.6
99.3
97.8
101.0
99.8
98.7
101.0
97.9
98.4
97.3
97.8
98.7
96.8
99.5
101.4
97.4
98.2
97.4
99.1
105.5
106.5
104.4
111.6
115.1
107.7
116.2
123.4
108.1
116.4
125.1
106.6
122.4
131.6
112.1
'120.7
'131.9
'108.0
45.2
91.0
72.2
56.3
37.9
32.9
87.0
64.2
59.0
30.8
38.4
78.3
63.2
58.4
34.1
36.3
72.2
63.5
59.0
38.1
40.0
75.3
65.7
58.7
42.7
40.6
'73.9
65.4
58.8
36.5
75.2
63.7
59.1
43.5
33.1
82.5
68.5
59.0
45.2
39.3
83.2
69.5
58.2
46.2
32.3
83.6
71:4
57.6
46.7
37.6
84.5
69.8
56.8
42.3
42.7
••91.4
'72.9
••55.9
'42.4
38.5
86.7
' 70.5
56.5
36.2
104.9
70.6
102.9
102.2
71.5
96.9
102.3
69.5
98.1
103.3
69.2
98.7
104.8
70.5
100.0
105.8
70.0
101.3
108.1
70.4
100.4
105.8
71.5
101.8
107,0
70.7
102.2
106.9
70.3
103.2
r 106.0
'73.1
'103.5
105.5
71.0
103-6
84.2
80.8
79.1
77.1
82.0
77.8
82.3
77.4
104.2
69.2
98.8
83.4
77.4
84.8;
78.4.
82.6
78.3
81.5
78.7
85.1
81.1
85.8
80.2
87.1
80.7
'97.3
'83.4
••83.7
80.3
281.1
295.9
236.6
135.7
183.2
145.2
129.1
127.5
133.9
164.9;
174.2
138.3'
194.4
209.8
147.8
165.4
167.2
160.0
161.2
162.0
158.6
264.0
284.8
201.8
254.2
278.8
188.7
257.8
276.1
203.2
285.3
301.8
235.8
8,368
43.5
7,472
25,316
5>6
5,041
24.8
4,907
25,894
6,304
7,918
36.3
7,716
26,118
6,487
10,043
47.5
10,829
25,348
6,606
12,633
58.0
13,206
24,758
6,071
12,490
58.9
13,223
24,010
5,907
12,290
56.0
13,442
22,855
5,559
12,712
57.8
14,018
21,549
5,158
13,105
61.8
14,741
19,921
4,829
13,935
63.7
15,776
18,008
4,470
12,725
60.1
10,372
20,353
4,558
11,195
51.2
8 t 192
23,381
9,025
42.4
7,986
24,420
' 5,092
15,664
13,175
14,302
12,367
11,721
12,533
14,091
17,070
16,059
17,491
19,350
1,099
67.7
1,107
68.2
1,023
63.1
1,068
65.8
9,783
908'
55.9
8,522
1,397
86.1
994
61.1
993
61.1
1,002
61.7
1,349
83.1
1,264
78.0
1,458
89.8
1,561
96.2
22,769
8,920
365
115.4
22,801
8,267
33J
99.7
22,553
7,920
318
94.6
22,289
7,995
321
92.0
22,213
8,035
324
89.4
21,955
6,960
281
87.9
21,919
7,548
305
86.6
22,078
7,872
318
90.4
22,278
7,867
320
96.7
22,457
9,276
378
103.3
22,686
8,614
352
105.9
22,818
8,657
353
105.0
22,821
9,901
404
112.1
23,710 18;193 16,612 19,687 21,277 17J-930
8,739
10,647 12,779 12,025 13,487 12,677
485,523 404,032 423,620 432,746 391,215 344,636
394,483 337,756 352,922 362,139 325,676 286,040
70,607 65,539 58,596
91,040 66.276
14,468
3,397
231,703
168,769
62,934
May
EMPLOYMENT CONDITIONS AND
WAGES
Pages 31,32,33,34,37,40,41,43,44
Employment:
Employment estimates (U. S. Dept. of Labor)
Nonagricuitural employment, total*
thousands..
Employees in nonagricuitural establishments, total
..^thousands-.
Manufacturing
_.do
Mining.:
do
Construction.
__do.._,
Transportation and public utilities d o . . . .
Trade
do..-.
Financial, service, and misc
do.- -.
Government
_.
do
Military and naval forces*
.
do..-.
Factory, unadjusted (U. S. Department of
Labor)t
....1923-25=100..
Durable goodsf
_
do
Nondurable goodst
-.do.__
Factory, adjusted (Federal Reserve)!--do
Durable goodst
-do
Nondurable goodst
-do
Nonmfg., unadjusted (U. S. Dept. of Labor):
Mining:
Anthracite.'
..1929=100Bituminous coal
.
do
Metalliferous
do
Petroleum, crude, producing
do
Quarrying and n o n m e t a l l i c .
.do
Public utilities:
Electric light a n d powert
* -do
Street railways a n d bussest-do
Telephone and telegraph^.—
.-do
Trade:
Retail, totalt
~
..do....
Wholesale
.do....
P a y rolls (U. S. Dept. of Labor):
Factory, unadjustedt
1923-25=100..
Durable goodstdo
Nondurable goodst
do
Nonmfg., unadjusted (U. S. Dept. of Labor):
Mining:
Anthracite1929=100..
Bituminous coal
do
Metalliferous..
do
Petroleum, crude, producing
.do
Quarrying and nonmetallic
...do
Public utilities:
Electric light and powert
- do— 1 Steel railways and bussest
do....
Telephone and telegrapht
do-.--1.
Trade:
Retail, totalf
do....
Wholesale
i
do... I
METALS AND MANUFACTURES
Page 138
F o u n d r y equipment:!
New orders, total..
1937-39=100.
New equipment
do...
Repairs
do.-.
9,554
837
1,378
3,059
6,159
4,218
3,828
516
STONE, CLAY, AND GLASS
PRODUCTS
Pages 150,151
Portland cement:
Production
thous. of b b l .
Percent of capacity
Shipments
_.
thous. of b b L
Stocks, finished, end of month
do-._
Stocks, clinker, end of month
do...
Plate glass, polished, production
thous. of sq. ft.
Window glass:
Production
•___
-thous. of boxes.
Percent of capacity
TEXTILE PRODUCTS
Page 155
Cotton:
Spindle activity:
Active spindles
_.thousandsActive spindle hours, total
mil. of h r .
Average per spindle In place
hours.
Operations
*pct. of capacity.
TRANSPORTATION EQUIPMENT
Pago 159
Automobiles:
Production:
Canada, total...
_...:.._.
number.
Passenger cars
do...
United States (factory sales), t o t a l s . d o _ _
Passenger cars
do...
Com'I cars, trucks, road tractors. . . . d o . . .
23,195
13,993 15,475 21,151 23,621 23,364
11,990
1,510
7,056 10,814 11,653
3,410
75,873 259,108 493,223 487,352 483,567 '500,931
46,823 224,470 421,214 407,091 396,531 '411,258
29,050 44,638 72,009 80,261 87,036 ' 89,673
'Revised.
. ,
*New series. Data beginning 1929 are shown in table 11, p. 17 of the March 1941 Survey.
tRevised series. For revised data for the indicated series on nonmanufacturing employment and pay rolls, see footnotes marked with a "f" on pp. 27 and 28 of the November 1940 Survey. Factory employment and pay-roll indexes revised to adjust data to preliminary 1939 Census figures. Revisions appear in table 12, p. 18 of the March
1941 Survey. For revised index of total foundry equipment orders, see footnote marked with a " t " on p. 96 of the February 1941 Survey
@FedFRASER