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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C, MAY 1, 1941
SUMMARY OF BUSINESS TRENDS
T TNITED STATES foreign trade registered a substantial ad- offset by the decrease in Federal operations as the initial Army
^ v a n c e during March as exports of United States rrerchandise cantonment program moved toward completion. Employment
rose to $351 million from $298 million in the shorter month of in the construction industry has been very high throughout the
February. The March total is $35 million above the average for
however, and despite a decrease of 28,000 workers from
the previous 8 months and only slightly below the volumes winter,
reached early in 1940 when agricultural shipments were very February to March, it still registers the largest percentage gain
large and continental European markets were open to American of all groups over the comparable month last year.
The chief gain of the month again was that in factory employproducts. Agricultural exports were only $29 million in March.
The heavy movement of industrial products, machinery, and ment and pay rolls, both of which reached the highest totals on
record.
An upsurge in durable-goods employment, together
war materials to the British Empire expanded further in March
partly as a result of the inauguration of lease-lend aid. Ship- with a substantial rise in the nondurable field, brought an inments of aircraft, firearms and ammunition, and machinery crease in the adjusted index of total factory employment to 119.3
were all larger in March than in the previous month. March from 118.5 in the previous month. Defense industries—foundimports for consumption were the heaviest in almost 4 years, ries, machine shops, electrical machinery, shipbuilding, aircraft,
rising to $255 million from $217 million in February. Sizable etc.—led the expansion.
Pay-roll advances again exceeded those in employment as
increases occurred in receipts of such strategic and critical
materials as crude rubber, copper, tin, manganese, chrome, and longer hours of work, overtime payments, and wage increases
became more widespread. Since March 1940 employment has
other ferro-alloying ores.
Data on March employment show that almost 300,000 new increased 15 percent as against a 31 percent advance in pay rolls.
. workers were added to nonagricultural pursuits in that month as This rise in pay rolls, together with the general expansion in
both factory and trade employment made more than the usual business, again produced a more than seasonal increase in income
seasonal gains. All types of nonagricultural employment moved payments. On an adjusted basis, the gain was equal to that of
upward from February totals, with the exception of construction the previous month, the index of total income payments (1929=
where a small rise in non-Federal construction was more than 100) reaching 97.8 compared with 97.3 in February.
SELECTED BUSINESS INDICATORS
(THOUSANDS OF CARS)
(BILLIONS OF KILOWATT HOURS)
(PERCENT OF CAPACITY)
AUTOMOBILE PRODUCTION
BITUMINOUS COAL PRODUCTION
(THOUSANDS OF VEHICLES)
(DAILY AVERAGE - THOUSANDS OF TONS)
ISO
FREIGHT-CARLOADINGS
ELECTRIC POWER PRODUCTION
STEEL INGOT PRODUCTION
COMMERCIAL LOANS
(PILLIONS OF DOLLARS)
120
90
60
30
~0
PRICE:
160
THURSDAY
EXPORTS OF U.S. MERCHANDISE
OF 28 BASIC COMMODITIES
INDEX (AUG.
• 100)
(MILLIONS OF DOLLARS)
1939
500
400
FIGURES
140
J
s
120
100
300
200
100
1
80
UOHTHVt DATA
1,, 1,,
t . .
1,
. 1 . 1
0
• , » •
. i . .
105
100
. • . . • 1 . ,
1 , ,
1 ! ' ' ' 1 • • ' ' '
, , ! , . 1 , (_LL_1_
FACTORY EMPLOYMENT & PAYROLLS
INCOME PAYMENTS
(1923-25-100)
(SEASONALLY ADJUSTED 1929» 100 )
UONTHLY DATA
95
90
85
^ —
80
75 r , 1 , , 1 ,1 .
1938
311439—41
1
1 1
1 1
L
I . .1 , .
1939
i)ili(
1940
i,^,,
1941
70
1938
1939
1940
1941
WEEKLY BUSINESS INDICATORS*
[Weekly average, 1923-25=100, except as Indicated]
1941
Apr. Apr.
29
22
X
Business activity:J
New York Times§
_„
Barrons'
BusinessWeek
_—
Commodity prices, wholesale:
Dept. of Labor:
Combined index, 1926=100.
Farm products
Food
All other
28 basic commodities©
Fisher's index, 1926^100:
Combined index
___
Copper, electrolyticX
-.
Cotton, middling, spot
Construction contracts^
_
Distribution:
Carloadings
Department store sales A
Employment, Detroit, factory. _.
Finance:
Bond yields*
Stock pricesf
118.6 120.6 121.. 7 124.3 100.1 99.6 92.3 91.6
130.7 131.2 132.2 133.3 1.8 99.5 83.4 81.6
137.5 138.0 139.2 144.3 105.4 105.2 94.5 94.3
83.0
75.0
77.8
86.0
82.9
74.9
77.5
85.9
137.4 138.5 137.4
82.2
72.7
76.7
85.8
135.4
82.0
73.2
76.4
85.4
133.7
79.0
71.6
72.8
82.5
115.9
78.5
69.6
71.9
82.6
117.4
76.1
63.9
68.6
80.8
76.0
63.9
68.7
80.7
89.9 89.7 89.2 88.7 88.3 84.6 84.8 80.1 80.3
80.4 81.9 71.7 74.6
85.5 85.5 86.2 85.5
40.8 40.8 33.8 32.7
41.5 42.3 40.8
85.1
90.9 62.3 88.1
74.4 71.4 71.7 83.1 67.7 66.0 61.5 58.6
93
117 136 131 117 98
98
108.9
122.5 108.8
1941
1939
1940
Apr. Apr. Apr. Apr. Mar. Apr. A]
26 19 12
5 29
96.0
61.4 61.5 66.6 66.7
58.9 58.8
58.8
86.8 87.6 89.5 91.7 90.5 111.8 111.6 94.3 93.9
1939
1940
Apr. Apr. Apr. Apr. Mar. Apr. Apr. Apr. Apr.
26
19
12
5
29
29
22
27
20
Finance—Continued.
Banking:
Debits, outside N . Y. C.t—_
Federal Reserve reporting
member banks:
Loans, total.
_
Interest rates:
Call loans*
_.
Time loans}
Currency in circulation*
_
Production:
Automobiles
Bituminous coalj
Cotton consumption!
Electric powerf
Lumber
Petroleum J
Steel ingots®
Receipts, primary markets:
Cattle and calves
Hops
_
Cotton
Wheat..
-
116.6116.2 103.4 132.9 112.4 91.2
88.2
78.7 79.0 78.8 78.6 78.4 69.2
64.8
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
185.3 185.3 185.3 184.4 182.5 155.1 155.2 141.8 141.5
137.6 127.1 126.2 147.9 157.9 129.0 131.9 110.2 114.8
13.7 11.7 36.4 115.5 76.8 71.4 33.1 26.1
26.
176.8 165.81165.3 114.8 119.9 110.7 112.1
162.2 163.3 166.8 168.2 143.9 145.4 131.0 132.0
55.3 55.2 53.6 56.8 51.6 49.0 48.9 46.7
6.1 178.7 174.3 185.8 190.7 191 176.9 174.9
168.9 172.9 174.7 174.5 175.6 102.9 104 83.5 87.4
60.6
45.4
56.5
46.4
62.7 56.5
46.8 40.0
77.7 60.8 61.9
51.2 51.9 45.9
63.1
46.6
57.3
42.4
59.2
39.6
53.1
101.2
56.6 63.4 52.7
37.7
36.3
41.9 25.4 21.5
82.4 56.1 48.0
• D a t a do not cover calendar weeks in all cases.
^Seasonally adjusted.
tDaily average.
tWeekly average, 1928-30=100.
§ Computed normal=100. 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 May 3 is 165.9. Data for 1941 are based on production of steel ingots and steel for castings.
©Thursday prices; August 1939=100.
A Weekly average 1935-39=100. The index is compiled by the Board of Governors of the Federal Reserve System; it Is not adjusted for seasonal variations.
WEEKLY BUSINESS STATISTICS*
1941
Apr. 26
COMMODITY PRICES, WHOLESALE
Copper, electrolytic. New York*
dol. per l b .
Cotton, middling, spot, New Y o r k . . .
do...
Food index (Bun & Bradstreet)
do...
Iron and steel, composite
..dol. per ton
Wheat, No. 2, Hard Winter (Kansas City)..dol. per b u . .
Banking:
FINANCE
Debits, New York City
_
mil. of dol
Debits, 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 do!-.
Loans, total§
...do...
Commercial, industrial, and agricultural loans §
mil. of dol. .
Interest rates, call loansj
percent..
Interest rates, time loans*
do
Exchange rates: Pound sterling^
dollars..
Failures, commercial
_ _ number
Currency in circulation?
mil. of dol."
Security markets:
Bond sales (JV. Y. S.1 E.)
.thous. of dol. par valueBond yields (Moody s) (120 bonds) %
percent
Stock sales (N. Y. S. E.)..
thous. of sbares..
Stock prices (N. Y Times) J__.
dol. per share
Stock prices (Standard and Poofs) (420)
1926*= 100..
Industrials (350)
__
_
do
Public utilities (40)..
do
Railroads (30)
__.....
_do.
PRODUCTION, CONSTRUCTION, AND
Production:
DISTRIBUTION
Automobiles^.
number..
Bituminous coalt
-thous. of short tons~Electric power...
mil. of kw.-hr
PetroleumJ
thous. of b b L .
Steel ingots©
.pet. of capacity..
Construction contract awards J
thous. of doL 1
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 calves
thousands..
Hogs
do
Cotton into sight
.
thous. of bales
Wheat, at primary markets
thous. of bu_.
Apr. 19
Apr. 12
1940
Apr. 5
1939
Mar. 29
Apr. 27
Apr. 20
0.111
.111
36.57
1.08
0.113
.111
2.30
36.56
1.08
Apr. 29
1938
Apr. 22
Apr. 30
0.099
.092
2.27
36.26
.71
0.103
2.28
36.29
0.098
.088
2.36
38.54
.83
0.098
.090
2.37
38.58
0.118
.115
2.77
38.15
0.119
.111
2.75
38.15
.88
0.118
.115
2.72
38.15
0.118
.114
2.69
38.29
.87
3,752
5,405
3,243
4,794
4,720
6,160
3,706
5,214
4,228
3,640
4,621
2,831
3,832
3,270
4,091
3,741
5,387
3,127
3,887
2,239
2,184
13,506
5,760
2,286
2,184
13,979
6,264
2,235
2,184
13,656
6,027
2,244
2,184
13,506
5,941
2,221
2,184
13,633
6,011
2,501
2,467
12,883
6,116
2,514
2,467
12,757
6.048
2,580
2,564
9,903
4,124
2,591
2,564
9,743
2,586
2,564
7,661
2,579
2,583
2,564
7,547
2,492
23,762
5.443
17,715
10,810
23,577
5,450
17,292
10,739
23,430
5,457
17,292
10,726
23,093
5,441
17,124
10,578
23,259
5,444
17,120
10,583
19, 764
5,313
14,934
8,975
19,655
5,312
14,936
9,002
16,742
5,235
13,675
8,270
16,619
5,213
13,684
8,273
14,598
5,230
12,257
7,987
14,451
5,221
12,224
7,977
3,101
9,831
2,755
9,871
2,751
9,846
2,753
2,751
9,798
2,427
8,650
2,406
8,653
2,030
8,100
2,030
8,124
1,199
8,587
1,179
8,585
5,509
1.00
1.25
*4.024
272
8,997
5,530
1.00
1.25
« 4.014
267
8,997
5,494
1.00
1.25
-4.029
240
5,465
1.00
1.25
-4.030
267
8,956
5,420
1.00
1.25
° 4.032
302
8,864
4,419
1.00
1.25
"3.513
311
7,531
4,430
LOO
1.25
-3.510
262
7,538
3,844
1.00
1.25
4.681
326
6,885
3,858
1.00
1.25
4.680
316
6,871
4,187
1.00
1.25
4.988
4,208
1.00
1.25
4.993
6,378
6,373
44, 540
3.39
2,406
84.34
72.4
84.0
69.8
26.7
34,610
3.41
2,466
85.10
73.6
85.4
71.3
26.6
37,090
3.40
2,326
86.91
74.5
86.3
72.7
26.8
79.680
3.39
3,186
89.01
76.4
88.8
73.8
27.5
59,900
3.40
2,554
87.88
76.0
88.1
74.1
27.1
29,840
3.54
4,623
108.56
92.4
108.7
86.9
29.0
33,210
3.55
6,750
108.42
92.2
108.4
87.6
28.6
24,190
3.84
2,858
91.57
81.0
94.6
80.5
24.1
24,880
3.85
2,467
91.16
80.0
93.fi
78.9
23.7
26,170
4.38
2,495
79.26
74.0
88.1
67.4
21.6
39,310
4.50
4,329
81.73
73.8
88.4
65.4
21.2
108,165
99,945
233
2,702
3,753
98.3
99,260
200
2,721
3,604
99.3
13,669
116,255
620
2,779
3,514
99.2
124,165
1,967
2,802
3.747
99.8
20,737
101,405
1,308
2,39S
3,845
60.0
14,597
103,725
1,216
2,422
3,859
60.9
10,004
. 86,640
564
2,183
3,568
48.6
14,147
90,280.
444
2,199
3,527
50.9
11,073
50,755
851
3,396
32.0
11,239
57,363
855
1,951
3,440
32.4
7,214
708,651
42,556
40,894
33,512
11,502
161,009
74,345
344,833
41,070
39,282
33,69fi
10,788
161,667
45,951
347,354
683,402
69,001
38,682
35,405
10,837
348,297
792,125
182,612
40,025
36,954
10,395
161,119
16,502
344,518
644,520
124,638
33,718
35,933
12,352
148, 638
20,806
268,395
628,468
121,482
32,096
34,163
11,304
148,150
15,178
266,095
585,190
80,154
29,253
35,229
14,106
153,432
15,890
257,126
557,867
72,608
28,450
30,752
13,309
152,035
12,813
247,900
543,089
80,0S9
26,568
35,338
12,630
149,957
10,928
227,579
523,748
79,204
24,162
32,767
12,276
148,075
9,442
217,822
198
304
158
4,130
178
259
161
3,6,53
191
295
147
3,690
200
302
149
3,370
187
257
138
8,049
179
245
109
6,551
200
258
66
4,461
166
235
56
3,817
210
264
82
3,188
212
231
90
3,066
0.118
.113
2.78
38.15
.86
96.0
202
4,071
162,942
18,238
1,939
#
{5 a i l y * a v e r a B e *
Data do not cover calendar weeks in all cases.
^Source: Ward's Automotive Reports.
a
§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.
©Rate for week ended May 3 \s 94,3; data for 1941 are based on capacity Dec, 31,1940, of open-hearth, Bessemer, and electric ingots and steel for castings.
Apr,
MONTHLY BUSINESS STATISTICS
Monthly statistics through December 1939, together with explanatory notes and references
to the sources of the data, may be found in the
1940 Supplement to the Survey
BUSINESS INDEXES
Page 6
Income paymentsrt
Indexes adjusted:
Total income payments
1929=100..
Salaries and wages
do
Total nonagricultural income
do
Total
mil. of dol
Salaries and wages:
Total
do
Commodity-producing industries
mil. of dol._
Distributive industries
do
Service industries
do
Government
do .^
Work-relief wages
do _
Direct and other relief
do ..
Social-security benefits and other labor inooTTift
mil. nf dol
Dividends and interest
do *.
Entrepreneurial income and net rents and
royalties
mil. of dol
Total nonagricultural income
do
C O M M O D I T Y PRICES
Cost of living (U. S. Department of Labor):
Combined index*
1935-39—100
Clothing*..:.... : . : .
-• — do
Foodt
do
Fuel, electricity, and ice*
do
House furnishings*
,
-~~ do
Rent*
-._
do
Miscellaneous*
do._
DOMESTIC TRADE
Postal business: Pages 26, 80
Money orders:
Domestic, issued (50 cities):
Number
thousands.
Value
tbous. of dol
Domestic, paid (50 cities):
Number
thousands.
Value
thous. of dol
Retail trade:
Rural sales of general merchandise:
Total, U . S., unadjusted
1929^31 =100.
East
do
South
do.. Middle West
do...
Far West
do...
Total, U. S., adjusted
do...
East
do
South
do._.
MiddleWest
. . do _.
Far West
do
EMPLOYMENT CONDITIONS AND
WAGES
Pages 31, 32, 33, 34, 37, 40, 41, 43, 44
Employment:
Employment estimates (U. S. Dept. of
Labor):*
Civil nonagricultural employment, total
thousands..
Employees in ncnagricultural establishments, total
thousands..
Manufacturing
do....
Mining
do...
Construction
do
Transportation and public utilities.do.. _
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 goodst
-- do
Nondurable goodst
-- do
Factory, adjusted (FederalReserve)t—do...
Durable goodst
-— do
Nondurable goodst
-..do
Nonmfg., unadjusted (U. S. D e p t . of Labor):
Mining:
Anthracite.-.
1929=100
Bituminous coal
....do...
Metalliferous
. . do..^
Petroleum, crude, producing
do__
Quarrying and npnmetallic.
___do__.
Public utilities:
Electric light and powert
do.__
Street railways and bussest
do...
Telephone and telegraphf
do...
Trade:
Retail, totalt
-- d o . . .
Wholesale
.. do...
P a y rolls (V. S. Dept. of Labor):
Factory, unadjustedt
1923-25=100.
Durable goodst
do
Nondurable goodst
do...
March
1941
1940
1941
March
May
April
June
July
August
Septem- October Novem- December
ber
ber
January
February
88.4
87.0
89.3
5,987
88.2
86.2
88.7
5,965
88.6
87.3
89.8
5,689
88.7
87.9
90.7
6,288
89.3
88.8
91.1
6,103
90.5
90.4
92.3
5,791
91.7
91.5
93.0
6,467
92.5
92.2
93.4
6,681
93.6
93.9
94.7
6,240
95.8
97.0
96.9
7,390
' 96.8
'98.1
'97.5
' 6,544
'97.3
'99.3
'98.3
' 6,187
3,784
3,784
3,838
3,871
3,766
3,841
4,030
4,178
4,169
4,290
' 4,218
'4,281
v 124
J>89
1,352
900
845
539
148
94
1,356
900
845
540
143
92
1,391
908
854
548
137
89
1,419
915
860
557
120
86
1,423
923
854
452
114
87
1,493
917
859
455
117
87
1,562
940
867
550
111
84
1,604
963
882
602
127
86
1,597
958
888
609
117
86
1,642
1,004
900
620
124
88
'1,633
949
'891
'614
131
'90
' 1,700
'943
892
'624
122
'90
925
155
820
152
799
166
472
166
1,050
167
901
164
485
150
897
145
845
144
494
145
1,573
155
811
150
443
* 1,255
p 6,250
1,134
5,519
1,138
5,479
1,124
5,211
1,115
5,821
•1,182
5,562
1,214
5,232
1,306
5,818
1,427
5,909
1,347
5,570
1,294
6,797
1,270
' 5,994
'1,223
'5,684
101.2
—102.1
98 4
100 7
101.6
105.1
101.9
99.8
"102.0
95 6
100 6
100 5
104.5
100.8
100.4
- 101. G
97.2
99.3
100.3
104.7
101.4
100.2
101.6
96.2
99.9
100.4
104.7
101.6
100.1
101.6
95.9
100.3
100.6
104.7
101.7
100.7
101.0
97.3
100.7
100.4
104.9
101.8
'100.8
'100.7
97.8
'100.8
' 100.1
105.0
101.9
100.8
--10G.4
97.9
' 100.6
'100.4
105.1
101.9
5,553
53,309
4,664
42,937
4.503
41,548
4,309
40,028
4,151
38,218
4,226
40,144
3,901
39,041
4,527
42,719
4,373
41,646
4,914
45,154
4,879
44,982
4,496
43,005
16,096
128,610
14,373
106,197
13,624
100,793
13,928
103,120
13,138
97,435
13,106
100,955
13,106
102,390
12,469
99,068
15,096
119,500
14,177
111, 864
15,876
123,430
14,541
111,638
13,530
104,754
130.7
138.5
160.5
117.7
138.4
148.9
154.2
177.8
132.8
168.1
119.9
120.0
151.6
110.9
120.2
136.6
133.6
167.9
125.1
146.0
115.3
115.2
134.4
105.1
127.0
125.4
120.8
152.5
112.5
142.2
122.8
126.3
135.8
114.0
138.4
133.8
137.3
160.1
120.4
153.9
125.5
133.1
132.6
116.4
146.7
137.7
145.0
164.9
123.3
153.9
96.4
95.7
102.6
88.1
121.9
132.1
134.4
151.1
119.4
148.6
119.4
120.4
121.2
110.2
150.5
146.0
151.1
168.1
133.6
163.4
135.1
136.7
163.8
117.7
163.5
127.8
139.0
148.4
114.9
139.7
158.4
167.1
207.9
138.3
165.9
122.0
129.8
140.3
108.9
138.2
179.4
176.0
233.9
164.5
186.5
137.9
136.6
170.3
125.5
153.8
233.7
256.2
268.3
210.6
245.2
146.1
153.9
178.7
135.0
150.2
110.9
112.3
139.0
102.3
110.5
145.7
147.7
175.7
133.7
150.3
122.0
128.0
161.8
110.3
111.1
150.8
156.5
177.4
138.7
150.1
37,218
' 34,852
' 34,882
' 35,163 '35,425
' 35,454
*• 35,902 ' 36,528
'36,867
' 36,986 ' 37,608
' 36,621
' 36,928
P97.8
*>99.7
J>98.9
J> 6,785
v 1,743
P967
*>895
p
31,075
11,147
862
1,650
3,054
6,242
4,184
' 3,936
1,343
100.5
101.7
98 3
98.6
100.1
104.6
100.6
._
' 28.709 ' 28,739
' 9,832
'9,926
849
835
991
1,118
2,940
2,956
6,122
6,201
4,100
4,160
3,702
3,716
461
457
'29,020
' 9,776
845
1,240
3,000
6,197
4,202
3,751
464
. ...
'29,282 '29,311
'9,824
'9,832
838
837
1,321
1,378
3,032
3,059
6,254
6,159
4,218
4,214
3,799
3,828
474" — 516
4 134
39,472
' 29,759
f
10,163
839
1,443
3,081
6,168
4,226
3,839
549
' 30,385
'10,479
846
1,511
3,120
6,321
4,255
3,853
634
' 30,724 '30,843
' 10,668 ' 10,735
853
856
1,709
1,654
3,065
3,121
6,433
6,362
4,167
4,187
3,881
3t876
822
733
'31,465
' 10,856
855
' 1,720
3,039
6,884
4,180
3S931
884
'30,478 ' 30,785
' 10,797 ' 10,982
'854
852
' 1,678
1,623
*• 3,028
3,012
•* 6,173
6,165
4,142
'4,164
3t887
1,145
958
'115.4
118.3
112.7
118.3
121.1
' 115. 6
'117.8
'121.0
114.7
' 118.5
'122.1
115.2
50.3
90.2
'72.5
'60.5
'41.7
60.6
90.8
73.0
60.0
42.3
91.3
68.4
79.7
'90.5
'68.3
'80.4
89.6
6S.0
80.5
96.3
91.8
108.1
92.5
'90.5
'91.2
116.4
125.1
106.6
122.4
131.6
112.1
120.7
131.9
108.0
90.6
91.3
' 126.9
r 139.4
'112.9
119.9
123.5
116.4
119.3
122.8
116.0
104.4
99.1
109.5
104.0
98.6
109.2
103.2
98.7
107.5
102.8
' 97.7
107.6
102.5
99.2
1C5.6
102. 8
97.9
107.4
103.1
99.8
106.2
103.9
99. p
r 108.5
103.2
98.4
107.9
105.1
100.4
109.6
107.4
102.4
112.2
107.4
104.3
110.2
111.4
1C8.2
114.4
108.9
107.4
110.3
113.8
112.8
114.8
111.4
111.2
111.5
114.7
115.5
113.9
114.2
114.6
113.8
116.2
117.6
'114.8
116.6
117.5
115.7
50.2
91.4
74.0
60.5
44.1
52.2
89.7
66.2
63.2
41.0
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. £
47.9
50.5
84.9
71.0
63.7
48.1
49.9
86.0
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
90.4
68.3
81.8
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
92.1
91.7
91.1
90.5
89.8
89.3
91.2
88.9
91.9
89.6
89.1
89.2
88.7
90.1
92.8
90.9
94.3
91.0
131.0
144.2
116.3
99.8
98.7
101.0
97.0
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
r
retail food prices beginning 1913, see table 51, p. id of the November 1940 Survey. For revised data for the indicated series on nonmanufacturmg emplo
Revisions appear
marked with a *'t'' on p. 27 of the April 1941 Silryey. Factory employment and pay-roll indexes revised to adjust data to preliminary 1939 Census figures.
Jn table 12, p. 18 of the March 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 March
1940 Supplement to the Survey
EMPLOYMENT, ETC.—Continued
Pay rolls—Continued.
Nonmfg., unadjusted (U.S. Dept. of Labor):
Mining:
Anthracite
...1929=100..
Bituminous coal
do....
Metalliferous
_
do
Petroleum, crude, producing
do
Quarrying and nonmetallic
do
Public utilities:
Electric light and powerf
do
Steel railways and bussest
do
Telephone and telegraphf
do.
Trade:
Retail, tctalf
do.
Wholesale
..do.
FOREIGN TRADE
Exports:
Pages 77, 78, 80, 81
Total: Value, unadjusted
1923-25=100..
Value, adjusted
do.
Imports:
Total: Value, unadjusted
do
Value, adjusted
do
Value:
Exports, including reexports thous. of dol..
General imports, total...
do...
Imports for consumption, total
do...
CHEMICALS AND ALLIED PRODUCTS
Page88
Chemicals:
Alcohol, denatured;
Consumption
thous. of wine gal..
Production
do
Stocks, end of month
do
Alcohol, ethyl:
Production
thous. of proof gal..
Stocks, warehouses, end of month
do
Withdrawn for denaturing
~_do
Withdrawn, tax-paid
do
FOODSTUFFS
Page 100
Alcoholic beverages:
Fermented malt liquors:
Production
thous. of bbl..
Tax-paid withdrawals
do
Stocks
do....
Distilled spirits:
Production
thous. of tax gal..
Tax-paid withdrawals
do
Stocks
do....
Whisky:
Production
do
Tax-paid withdrawals...._
do
Stocks...
do....
Rectified spirits and wines, production, total
thous. of proof gal...
Whisky
....do....
Indicated consumption for beverage purposes:
All spirits.
thous. of proof gal._
Whisky
do....
METALS AND MANUFACTURES
Pages 130,131, 133
Pig iron and iron manufactures:
Castings, malleable:
Orders, new
short tons..
Production
do
Percent of capacity
Shipments
short tons..
Boilers, range, galvanized:
Orders, new, net
number of boilers..
Orders, unfilled, end of month
do
Production
do
Shipments
...do
Stocks, end of month
do
Steel, manufactured products:
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month, .thousands..
Production
do
Percent of capacity
Shipments
thousands..
Stocks, end of month
do
RUBBER PRODUCTS
Page 149
Pneumatic casings:
Production
Shipments, total
Stocks, end of month
Inner tubes:
Production
Shipments, total
Stocks, end of month
1941
1940
March
April
May
June
July
August
St
f e e r m - October
De c e m
b e r "
™
January
February
42.4
95.0
72.7
56.8
40.2
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
43.9
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
'72.8
55.9
42.4
38.5
'87.8
••70.4
••56.2
'36.9
45.2
91.0
'72.7
56.3
37.9
106.8
72.8
106.8
102.3
69.5
98.1
103.3
69.2
98.7
104.2
69.2
98.8
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
106.0
73.1
103.5
' 105.1
'70.7
' 103.9
104.9
70.6
102.9
82.2
82.0
77.8
82.3
77.4
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
'80.5
'84.0
80.8
94
93
92
91
85
90
85
91
92
104
83
95
92
100
78
74
66
61
65
64
83
75
357, 565
267,784
254, 553
75
80
85
84
72
60
69
78
64
71
63
69
79
70
78
352, 272 324,008 325,306 350,458 317,015 349,928 295, 245 343,485 327,685 322, 257 325,355
216, 732 212, 240 211,382 211,390 232,258 220, 217 194,928 207,141 223,430 253,099 228, 636
206,719 202,974 203, 702 205, 397 217.828 214,106 196,312 213,133 217,175 238,275 223.595
67
60
72
73
303,413
233,702
216,623
13, 339
13,192
1,313
9,494
9,524
1,392
9,791
9,994
1,591
10, 037
10,037
1,586
9, 625
9,707
1,662
9,497
10, 443
2,605
11,195
11,510
2,919
14,157
13,694
2,445
15,566
15,098
1,975
13,544
13,158
1,586
12, 441
12,215
1,360
10, 499
10,610
1,468
10,558
10,556
1,465
21, 702
11,127
23,705
2,735
20,676
16,730
2,012
20,218
20,957
17, 610
2,035
20,948
21,921
17,752
1,782
21,423
21,799
17, 490
3,380
22,457
22,393
19,621
2,020
24,094
23,645
20,918
1,424
21,559
18,480
24,218
2,045
23,350
13,471
25,552
2,357
23,354
10,027
23,110
2,959
23,762
9,503
22,056
2,128
24,224
11,963
19,434
1,742
22,030
12,166
19,070
1,766
4,434
3,786
8,255
4,385
3,811
8,393
5,124
4,187
9,127
5,485
4,884
9,509
5,597
5,856
9,019
5,851
5,320
9,324
5,074
5,393
8,776
4,001
4,300
8,314
3,915
4,194
7,840
3,396
3,765
7,325
3,606
3,777
7,001
3,863
3,200
7,483
3,660
3,185
7,787
15,475
8,458
541,932
13,232
8,398
517,589
7,581
10,658
0,742 16,701 21,487 17,567 15,712 16,015
10,862
7,634
8,176 11,494 13,173
4,850
8,958
6,043
525,395 523,596 521,601 519,017 518,638 518,35S 522,699 530,859
15,131
6,974
536,917
12,602
6,637
495,735
10,588 11,233 11,492
5,773
5,827
6,461
473,278 477,873 480, 599
13, 949 13,926
7,793
7,522
522, 515 525,441
5, 200
6,762 10,303 11, 761 12.265 13,532 12,658
3,252
6,354
5,475
8,9S2 10,529
3,617
7,331
5,834
5,019
479,189 477,484 476,980 476,298 475,611 479,102 486,133 491,301
4,392
5,239
4,182
2,389
6,749
6,114
3,111
4,563
3,380
4,218
3,446
3,501
5,856
1,630
5,356
3,755
2,833
2,533
14,691
10,142
6,413 10,350 14,525 16,856 12,293
9,116
8,056
12,637
9,060 13,074 15, 232 10,894
8,348
5,003
7,068
8,108
8,187
8,331
4,196
3,480
2,669
3,721
" 2,764
3,466
2,694
11,345
9,547
10,513
10,186
8,136
9,720
8,221
86,293
66,208
81.8
67,415
35, 730
39,881
48.7
42,975
35,290
40,529
50.1
41,975
35,563
37,511
45.2
40,919
36,503
34,700
42.7
33,323
45,025
38,872
46.7
34, 226
52,994
48,926
58.8
43,216
53,079
49,804
61.4
45,943
71,129
62,293
75.0
61,161
04,612
57, 717
71.2
56,321
66,665
60,155
74.2
60,127
81,089
68,742
83.6
65,8S4
76,055
63,331
78.5
62,066
94,992
60,419
82,820
85.350
35,386
55,339
19,161
59,319
60,710
34,862
51,062
18t 507
51,012
51,716
34,158
72, 725
23,048
68,816
68,184
34,790
75,427
31,158
70,452
67,317
37,925
85,139
38,194
77,879
78,103
37,701
64,831
27,315
76,467
75,710
3S,458
73,821
32,119
68,522
69,017
37,963
106, 716
42,094
97,266
96,741
38,488
75,369
35,220
80,371
82,243
36,616
70,989
38, 795
72,245
67,414
41,447
89, 748
45, 615
SO, 705
82,928
39,224
50,777
74,113
75,421
37,91 fi
314
1,072
56.6
1,077
47
243
852
49.0
854
34
235
951
54.7
949
37
292
930
53.5
916
51
377
1,098
63.1
1,102
47
350
1,081
62.2
1,075
53
436
958
55.1
9G4
47
700
1,305
75.1
431
1,520
87.4
1,534
40
402
1,457
78.9
1,455
42
486
1,452
77.8
1,442
52
'370
1,454
76.7
1,444
63
276
1,035
54.6
1,046
52
thousands.
do. _.
do._
5,687
5,529
10,168
5,007
4,346
10,747
5,106
5,010
10,881
5,415
5,720
10,576
5,148
6,927
8,881
4,676
4,284
9,299
4,704
4,245
9,732
4,495
4,572
9,890
5,082
5,561
9,448
4,838
5,137
9,118
4,999
4,972
9,179
5,472
4,847
9,797
5,165
4,910
10,072
do...
do...
do...
5,357
5,186
8,070
' 4,371
'4,091
-* 8,247
4,618
4,543
8,258
4,739
4,739
8,243
4,359
5,721
6,841
4,028
3,797
4,327
3,615
7,802
4,115
3,991
7,950
4,557
4,878
7,647
4,111
4,692
7,055
4,665
4,646
7,014
5,168
4,527
7,733
4,993
4,713
8,004
TRANSPORTATION EQUIPMENT
Pa e 159
Automobiles:
&
Production:
17,930 14,468 13,993 15,475 21,151 23,621 23,364 23,195 23,710
26,044 16,612 19,687 21,277
Canada, total
number.
7,056 10,814 11,653 11,990 10,647
3,410
8,739
13,487 12,677
1,510
3,397
12,093 12,025
Passenger cars
do...
United States (factory sales), total...do... 507,868 423,620 432, 746 391,215 344,636 231,703 75,873 259,108 493,223 487,352 483,567 500,931 485,523
Passenger cars
d o . . . 410,258 352,922 362,139 325,076 286,040 168,769 46,823 224,470 421,214 407,091 396,531 411,258 394,483
Com'l cars, trucks, road tractors.. . d o . . .
97,610 70.698 70.607 65.539 58,596 62,934 29,050 44,638 72.009 80.261 87,036 89. G73 91,040
'Revised.
t Revised series. Telephone and telegraph pay-roll indexes revised beginning 1932, other indicated indexes revised beginning 1929; see p. 17 of April 1940 Survey.
@FedFRASER