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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 14, 1942
SUMMARY OF BUSINESS TRENDS
i^ONTINUOUS expansion of the war program is reflected by
V/ the rapid increase in war expenditures. For the month of
April, national defense expenditures as reported by the Treasury
Department totaled $3.2 billion, up nearly 60 percent on a daily
average basis from January and 19 percent from March. Included in these expenditures, of course, are the government
outlays for planes, tanks, guns, and ammunition, as well as
many other direct and indirect military items.
In addition to these Treasury expenditures are disbursements
of the Reconstruction Finance Corporation and its affiliates,
bringing the total war. expenditure to a record of $3.4 billion.
Large R. F. C. disbursements have been made for plants in
the United States engaged in making vital materials. Furthermore, the output of copper, lead, and zinc is being stimulated
by substantial premium payments for marginal production.
Domestic copper production, for example, is expected to be
increased 200,000 tons per year as a result of R. F. C. premium
payments and capital commitments for expansion of capacity.
On the other hand, Federal unemployment relief expenditures
dropped to $91 million in April, the lowest for any month since
the inception of Federal relief in 1933 save for the first few months
before the program was well established. This is another indication that the rapidly expanding war program has been sufficiently large to offset curtailment of civilian goods output.
The large volume of government spending is chiefly responsible
for the continued increase in income payments. In March (the
latest data available) income payments amounted to nearly
$8.7 billion compared with $7.1 billion in March 1941 and a 1941
average of $7.7 billion.
Expanded income payments combined with a fear of shortages
and of further price advances led to exceptionally heavy dollar
vnlnmp. of .retail trade* Dollar sales rose from $3.7 billion in
February to $4.3 billion in March. The Department of Commerce seasonally adjusted index, however, declined slightly from
140.2 (193^-39=100) in February to 139.3 in March. Apparel
store sales increased 52 percent over the already high February
level, as buyers stocked up in anticipation of wool and cotton
shortages for civilian uses and of the advent of spring. Since
price increases have been substantial over the past year, however,
the March physical volume of goods sold actually decreased by
approximately 14 percent from the March 1941 quantity.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
ELECTRIC POWER PRODUCTION
(PERCENT OF CAPACITY)
(THOUSANDS OF CARS)
CRUDE OIL RUNS - TO- STILLS
BITUMINOUS COAL PRODUCTION
MISCELLANEOUS CARLOADINGS
(MILLIONS OF BARRELS- DAILY AVERAGE)
(DAILY AVERAGE-THOUSANDS OF TONS)
(THOUSANDS OF CARS)
4..5
120
4.0
100
80
3.5
- ^
1941"
3.0
60
40
5.0
4.5
TOTAL FREIGHT CARLOADINGS
(BILLIONS OF'KILOWATT HOURS)
140
2.5
•
.
1
.
.
.
.
.
2.0
1942
y
4.0
3.5
\ jt>OLA.
y y
'1940
\
3.0
,
1
.
.
1
1
COMMERCIAL LOANS
F. H.A. HOME MORTGAGES
(BILLIONS OF DOLLARS)
(NUMBER SELECTED FOR APPRAISAL ON HOMES TO BE BUILT)
I
, ! .
i
,
.
WEEKLY WHOLESALE PRICES
(1926- 100)
20
110
100
^1942
90
1941
2~"
80
140
t
70
i
1
1940 ~"
j
i
.
2000
DEPARTMENT STORE SALES
NATIONAL DEFENSE-TREASURY EXPENDITURES
(SEASONALLY ADJUSTED 1923-25*100)
(BILLIONS OF DOLLARS)
MONTHLY DATA
130
120
110
A \
A
I
\
i\t\
t.
100
90
80 , . i . . 1 . . i . . . . 1.. 1.. 1..
1940
1939
458151—42
.. i.. i..
1941
i..
..... 1 ..I.,'
1942
1939
1940
t?4l
1942
.
2
WEEKLY BUSINESS INDICATORS'
[Weekly average, 1935-39=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
1943
1940
1941
Business activity:!
New York Times §
Barron's, 1923-25=100
..
Business Week §, 1923-25=100.
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, electrolytic!
Cotton, average, 10 marketst...
Construction contracts?.
Distribution:
Carloadings
_
Department store sales
L33. 1132.9 132.6 132.5 126.2 123.7 103.0101.5
147.5 147.5 146.5 146. 2 131.5 130.9 102.3 10L0
180.0 178.5 179.6 178.5 152.8 148.7 109.1 106.9
84.0
75.1
79.0
86.9
141.7
i8.7 98.6 98.3 98.1
104.8104.8 105.2104.6
97.0
95.6 95.6 95.5 95.6
167.4 166.7 167.0 166.9 167.3
83.2
74.4
78.0
6.4
137.7
78.4
69.2
71.6
82.5
114.7
78.9
71.3
72.5
82.6
115.1
84.0 84.3
106.3 106.5 106.3 105.6 105.4 90.7
112.9 112.9 112.9 112.9 112.9 112.9 112.9 104.L 3 105.3
185.5 184.1 185.5 186.1 187.4 110.0 104.3 95.1
207.6
189.5 188.4
131.7 132.1 129.8 124.9 128.4 121.8 104.4
134
129
135
120
128
124
114
102.1
108
1940
1941
May May Apr. Apr. Apr. May May May May
9
2
25 18 11 10
3
11 4
May May Apr. Apr. Apr. May May May May
11
4
2
25 18 11
Employment, Detroit, factory,
1923-25*-100
Finance:
82.7
Bondyieldst62.4
Stock pricesj
Banking;
Debits, outside N . Y . C . *_.___ 165.6
Federal Reserve reporting
member banks:
Loans, total.
128.5
Currency in circulation X
186.8
Failures, commercial, 1939=100. 76.3
Production:
Bituminous cpalt
Electric power.
Petroleum!
187.6
Steel©
115.1
120.3
83.0 82.5 82.5 82.5 83.2 83.5
60.6 61.2 62.5 64.5 78.4 77.6
150.9 150.1 145.4 130.2 126.8
86.9
99.9
130.1 99.0
112.2
129.5 131.2 132.3 132.8 115.5 115.2 101.0 101.1
185.2 183.7 183.4 183.1 144.3 143.3 119.7119.5
70.3 82.3 79.2 76.0 87.6 96.1 102.1 103.2
145.0
155.2
105.3
188.2
147.5
153.7
113.1
185.7
147.7
155.3
112.0
185.0
144.6120.6 >. 7 100.3
155.9 141.0138.33 118.1
111. 9 118.6 110.8 120.8
187.6 175.0 170.5 115.1
102.5
117.6
116.2
108.1
•Data do not cover calendar weeks in all cases.
^Seasonally adjusted.
JDaily average.
©Index for week ended May 16 is 189.5.
§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 J941 and 1942; 1941 data are correct as published only beginning
with the issue of Feb. 5T1942; 1942 revisions were first shown in the issue of Mar. 19.
©Thursday prices; August 1939=100.
WEEKLY BUSINESS STATISTICS *
COMMODITY PRICES, WHOLESALE
Copper, electrolytic.i New YorkJ
do), perlb..
Cotton, middling, * Mc" average, 10 markets! t_ ..do
Food index (Dun and Bradstrcct)
...do
Finished steel, composite*
dol. per ton..
Wheat, No. 2, Hard Winter (Kansas City).dol. perbu_.
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
U. S. Government direct obligations.
do...
Obligations guaranteed by XJ. S. Govt.
do...
Loans, total
__
do...
Commerc'l, indust'l, and agricult'l loans,..do.,.
Interest rates, call loans %
percent..
Interest rates, time loans J
do...
Currency in circulation %
...mi], of dol.
Exchange rates: Pound sterling^..
dollars.
Failures, commercial....
.
number.
Security markets:
Bond sales (N. Y. S. #.).-thous. of dol. par value.
Bond yields (Moody's)tpercent.
Stock sales (N. Y. S. E,)..
thous. of shares.
Stock prices (N. Y. Times)X
dol. per shareStock prices (Stand, and Poor's) (402)t-~l935-39=l00.
Industrials (354).
do
Public utilities (28)....
do ...
Railroads (20)
do ...
PEODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Bituminous coalt
thous. of short tons.,
Electric powerA
..mil. of kw.-hr.,
Petroleum!
thous. of bbL
Steel®.....
pet. of capacity..
Construction contract awards!-.
thous. of dol..
Distribution:
Freight carloadings, total
cars..
Coal
_
...do
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
Hogsf
...do...
Wheat at primary markets.
thous. of bu .
May 2
1940
1941
1943
May 9
Apr. 25
Apr. 18
Apr. ll
May 10
May 3
May 11
0.118
.202
3.68
56.73
1.17
0.118
.200
3.68
56.73
1.15
0.118
.202
3.66
56.73
1.13
0.118
.203
3.65
66.73
1.14
0.118
.204
3.63
56.73
1.16
0.118
.120
2.85
56.73
1
0.118
.114
2.80
56.73
.8?
0.109
.104
2.33
56.60
1.05
4,830
6,938
3,887
6,319
3,715
0,285
3,807
0,091
3,143
5,455
3,703
5,310
3,691
5,445
2,572
2,436
12,444
2,G91
2,443
2,350
12,662
2,815
2,400
2,296
12,470
2,752
2,415
2,259
12,502
2,384
2,243
12,715
3,169
2,229
2,184
13,440
5,711
24,854
5,127
20,127
13,792
2,679
11,008
6,649
25,358
5,121
20,111
13,730
2,675
11,094
6,726
25,145
5,115
20,151
13,768
2,667
11,242
6,874
1.00
1.25
11,655
- 4. 035
24,725
5,118
20,170
13,764
2,682
11,332
6,948
1.00
1.25
11,637
« 4.035
224
24,799
5,117
19,502
13,080
2,696
11,351
6,975
1.00
1.25
11.616
• 4. 035
215
1.00
1.00
d.ioo
2.28
56.10
.75
56.50
.75
4,146
3,489
4,697
2,930
3,830
4,i36
4,465
2,234
2,184
13, 524
5,771
2,507
2,467
12,877
6,131
% SCO
2,467
12,870
6,107
2,575
2,564
9,067
4,186
2,572
2,564
9,872
4,084
23,616
5,440
17,709
10,910
3,111
9,892
5,568
1.00
1.25
9,155
* 4.030
248
23,712
5,452
17,680
10,812
3,115
9,870
5,532
1.00
1.25
9,095
• 4.030
272
19,741
5,318
14,922
16,719
5,249
16,660
5,248
13,714
8,341
2,026
8,071
3,841
1.00
1.25
2,434
8,654
4,404
1.00
1.25
5,305
14,881
. 8,960
2,427
8,661
4,409
13,634
8,334
•3.313
1.25
7,585
• 3.494
292
2,010
8,085
3,852
1.00
1.25
6,916
4.681
321
47,490
3.38
2,137
83.96
75.9
75.5
79.7
70.8
34,540
3.50
5,410
107.35
96.6
97.2
101.8
75.9
30,460
3.52
3,999
108.13
96.4
96.9
101.8
75.3
28,290
3.78
2,655
93.79
88.3
88.2
96.7
67.4
26,340
3.82
2,639
93.23
87.8
87.8
95.3
66.0
1,567
3,004
3,756
96.8
867
2,945
3,507
94.3
19,517
1,303
2,516
3,825
65.8
1,331
2,504
3,679
61.8
181
2,239
3,403
47.0
11,275
467
2,225
3,581
147.8
814,233
160,646
13,768
46,867
33,861
11,117
132,367
51,007
364,600
837,149
139,058
12,853
40,567
35,118
12,193
162,887
78,400
356,073
794, 299
92,786
10,273
42,674
33,854
12,835
163,691
79, 271
358,915
118,837
8,008
33,351
32,224
11,493
149,047
51,651
665,547
122,544
7,685
31,215
33,173
13,071
149,902
35,478
272,479
554.644
42,499
4,455
30,589
34,367
12,783
152,168
24,928
252,855
572,025
59,934
5,368
30,121
34,016
13,876
153,808
16,612
258,290
205
272
3,083
202
304
4,253
207
311
4,056
310
8,222
45,703
3.35
1,665
67.51
62.5
63.8
56.4
61.1
40,591
3.36
1,742
65.51
60.8
62.4
53.1
60.1
38,747
3.34
1,743
66.19
62.7
64.2
56.3
60.3
37,227
3.34
2,008
67.62
63.2
64.6
57.0
60.2
47,901
3.34
1,724
65.3
66.9
58.3
63.0
58,780
3.37
3,097
84.83
77.1
77.1
79.0
72.7
1,883
3,305
3,335
1,916
3,273
3,581
97.6
17,841
1,919
3,308
3,545
97.2
17,718
1,879
3,321
3,543
98.6
858,904
169,419
14,056
50,407
36,193
13,885
112, 736
78,997
383,211
861,353
169,659
14,048
51, 260
35,677
13,785
123,580
70,911
382,433
846,562
166,618
13,925
49, 718
36,172
12,803
129,436
58, 257
379,633
220
320
3,017
220
305
3,181
203
278
3,027
7,594
276,017
164
1.00
182
340
8,564
5,411
{Daily average. • Data do not cover calendar weeks in all cases. • Free rate.
^Re vised series. See table 32, pp. 24-26 of the November 1941 SURVEV for stock prices beginning January 1939 and cotton prices beginning August 1939.
*New series. This series replaces the iron and steel composite price, which has been discontinued by the compiling source.
©Rate for week ended May 16 is 99.6; 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.
fComparable 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.
May 6
0.099
1.25
11,751
« 4.035
199
3,329
O.iio
ao7
May 13
2.34
56.60
1.05
1.25
11,835
M.035
• 216
98.6
1939
May 4
6,923
4.681
281
4,758.
MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1942
1941
April
April
1943
"
March
CONSTRUCTION AND REAL ESTATE
Engineering construction:^
Contract awards (E. N. R.)---thous. of dol_.
Construction cost indexes:
Asso. General Contractors
1913—100..
Engineering News Kecord (all types).do
207.3
272.3
381,563
634,823
729,485
195.2
255.6
204.0
269.7
206.5
271.8
DOMESTIC TRADE
Retail trade:
Department stores:
Sales, total U. S.f unadjusted .1923-25=100..
Atlanta
1935-39^100...
Boston
1923-25^100..
Chicago
1935-39=100.
Cleveland
1923-25=100..
Dallas
do.__.
Kansas City
1925=100..
Minneapolis
1935-39=100..
New York
1923-25=100..
Philadelphia
i935-39=100_.
Richmond*
do.__.
St. Louis
1923-25=100..
$an Francisco
1935-39=100.
gales, total U. S., adjusted..1923-25=100.
Atlanta..
.
1935-39=100.
Chicago
do...
Cleveland
i923-25=100.
t>allas
do...
Minneapolis
1935-39=100.
NewYork
1923-25=100.
Philadelphia
1935-39=100.
Richmond*
do,._
St. Louis
1923-25=100$an Francisco
1935-39=100.
Mail-order; and store sales:
Total sales, 2 companies
thous. ofdol.
Montgomery Ward & Co
do...
gears Roebuck <fe Co
do...
» 114
* 147
93
*131
"125
P123
M03
"124
"103
"131
"163
"117
"147
"117
"151
"129
"114
"124
"121
"106
"138
"156
"112
"152
106
137
86
120
115
117
93
122
100
126
143
111
128
104
141
118
105
118
119
103
133
137
105
132
'152
122
'94
74
'135
114
'126
103
108
'129
85
'110
95
'125
94
'107
117
J-140
114
161
101
'125
132
'148
126
'124
141 , r 152
135
'139
130
'140
127
'133
134
'123
116
'121
157
i»149
165
166
117
'130
166
161
133,905
57,604
76,301
133,787
58,068
75,719
99,640 131,894
37,969 55,856
81,671 76,038
••118
FINANCE
Banking I
Federal Reserve batiks, condition, end of mo.:
24,187
24, 322
23,686
Assets, total
mil. of doL _ 24,359
Res. bank credit outstanding, total
2,355
2,412
2,234
2,468
tnil, of doh.
9
5
2
7
Bills discounted
do.
2,244
2,262
2,184
2,357
United States securities
_..do.._.
20,821
20, 846
20, 533
20,824
Reserves, total
do
Gold certificates
do,... 20,510 20,204 20, 515 20,495
24T187
24, 322
23,686
Liabilities, total
_•
do._.. 24,359
14, 268
14, 441
16, 220
14,204
Deposits, total
do
12,575
12,619
13,524
12,658
Member bank reserve balances _ _ do
3,073
2,969
5,771
2,791
" Excess reserves (estimated) _ _ .do
Federal Reserve notes in circulation
8,635
8,559
6,282
8T821
mil. of doL.
90.9
90.6
91.3
Reserve ratio..
percent-.
00.6
Monetary statistics:
Foreign exchange rates:
.298
.298
Argentina
dol. per paper peso.,
.061
.061
.061
Brazil, official
dol. per milreis..
.061
.301
.301
.301
British India.
...dol. per rupee-.
.301
.877
.884
.877
Canada
dol. per Canadian dol__
.872
.570
.570
.570
Columbia
dol. per peso..
.570
.206
.206
.205
Mexico
do
.206
4.035
4.035
4.025
United Kingdom
dol. per £._
4.035
Gold monetary stock, U. S
mil. of dol_ »22,690 22,506 22,705 22,687
'11,566
9,071
Currency in circulation, total
do
*11,766
11,485
Public finance (Federal): ..."
_.
62,419
47,236
64,961
Debt, gross, end of month__
do
62,381
Public issues:
54,606
40,972
57,139
Interest bearing
do
54,705
480
557
465
Noninterest
do
Special issues to Government agencies and
7,333
7,190
5,707
7,358
trust funds—
mil. of dol_
Obligations fully guaranteed by U. S. Govt:
5,666
5,673
6,550
Total amount outstanding eft-mil, of dol.. 5,666
Expenditures, totalt
-thous. of dol_. 3,755,299 1,316,452 2,629,839 3,436,301
3,230,780 782,010 2,201,081 2,796,958
National defense*
do
81,384
60,866
06,930
65,699
Agricultural adjustment program*.do
95,887
92,262
91,019 143,965
Unemployment relief*. _
do
22,113
28,075
9,360
48,260
Transfers to trust accountt—
-do
12,136 204,886
73,335
76,598
Interest on debt*
do
15,392
1,070
1,171
2,289
Debt retirements
do
240,653 227,030 217,000 219,681
Allother*
do
Receipts, total
dol-_, 732, 237 602,443 937,281 3,547,800
695,433 565,418 757,976 3,547,169
Rcceipts, net*
.do
32,559
27,284
49,197
Customs...
_.do
32,386
Internal revenue, total.
...do
683,522 362,005 879,417 3,493,082
Income taxest
do
335,370
74,881 282,506 3,082,627
Social security taxes
d o . . . . . 43,232 43,053 256,955 48,576
Security markets:
Bonds:
Prices:
U. S. Treasury bondsf
dol. per $100 bond.
110.5
110.8
108.9
110.2
' Revised.
» Preliminary.
*New series. See note on corresponding item in the April 1942 SURVEY.
tRevised series. See note on corresponding item in the April 1942 SURVEY.
cfThe total includes guaranteed debentures of certain agencies not shown separately.
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
FINANCE—Continued
Security markets—Continued.
Bonds—Continued.
Yields:
Moody's:
Domestic corporate-...percentBy ratings:
Aaa
.,
do_
do
Aa
_
„_
do.
A
_
..do
Baa.
_
By groups:
do
Industrials
do.
Public utilities
do
Rails
do.
U. S. Treasury bonds*
Stocks:
Yields:
Common stocks (200) Moody's
percent.
do
Banks (15 stocks)
do...
Industrials (125 stocks)..
do...
Insurance (10 stocks)
do...
Public utilities (25 stocks)
do.-Rails (25 stocks)
_
TBANSPOBTATION
Class I steam railways:
Freight carloadings (Fed. Res. indexes):
Combined index, unadj
1935-39=100..
Coal
-.
do....
Coke
-....„_
do....
Forest products
_
do
Grains and grain products
do
Livestock
do
Merchandise, I. c. 1
do
Ore
—
do-..
Miscellaneous—
do
Combined index, adjusted—1935-39*=100..
Coal
do
Coke
do
Forest products
do
Grains and grain products
do
Livestock
do
Merchandise, 1. c. ] . .
do
Ore
-do....
Miscellaneous
do....
Freicht-car surplus, total
thousands..
Boxcars
do....
Coal cars
—do-..
FOODSTUFFS
Grains and grain products, stocks:
Barley
—- thous. of bu.
Corn
_
..
do—
Oats
.-do
Rye
.
do...
Wheat:
Canada (Canadian wheat)
do—
United States, commercial
do—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...
__mlL of lb.
Beef and veal
thous. of lb.
Lamb and mutton
.—do...
Pork, total
_
do...
Fresh and cured.
do
Lard
--do
Poultry
*-..do—
FUELS AND BYPRODUCTS
Coal production:
Anthracite
thous. of short tons.
Bituminous
do_.
LEATHER AND PBODUCTS
Hides and skins:
Livestock (federally inspected slaughter):
Calves
thous. of animals.
Cattle
do._.
Hogs_..--do-.Sheep and lambs.
do...
METALS AND MANUFACTUBES
Steel ingots and steel for castings:!
Production
thous. of short tons.
Percent of capacity..
Nonferrous metals:
Zinc:
Production, slab, at primary smelters
short tons.
Shipments, total
•do...
Domestic
do...
Stocks, refinery, end of month
do...
1943
1941
April
April
3.34
1943
February-
March
3.35
3.37
2.83
2.98
3.30
4.26
2.82
3.04
3.38
4.33
2.85
2.98
3.29
4.29
2.86
3.00
3.32
4.30
3.95
3.13
2.86
1.98
3.06
3.16
3.96
1.96
2.98
3.15
3.94
2.09
3.00
3.17
3.94
2.00
7.8
6.1
7.7
5.3
8.9
8.3
6.4
4.8
6.6
4.4
6.7
6.3
7.1
5.6
7.2
4.6
7.7
7.4
7.7
6.0
7.7
5.0
8.5
8.2
136
135
176
159
100
V0
81
218
142
143
160
200
159
117
101
80
267
141
56
28
12
108
38
120
130
b6
82
103
203
131
112
45
' 137
130
113
93
- 102
266
130
190
31
139
129
132
184
153
110
76
96
47
135
139
116
150
159
131
95
100
187
151
59
22
20
129
125
175
149
102
77
92
73
139
136
122
168
149
119
97
92
282
143
58
23
17
9,656
59,884
7,483
17,029
8,324
60,973
6,344
63,361
4,640
17,330
5,157
65,463
4,473
4,951
17,551
229,406
420,880
139,119 249,891 237,777
439,533 458,692 446,983
37,183
204,307
17,795 63,701 '45,045
108,335 160,073 188,333
1,79S
107,397
62,005
l,04&
147,514
126,347
7,048
696,871
570,817
120,054
96,441
3,031
99,531
35,757
1,294
85,563
4,718
1,123,574
795,876
327,698
101,129
529
73,766
82,677
1,097
150,410
8,122
823,169
616,604
206,565
179,0S3
8,180
772,420
590,416
182,004
139,677
5,138
49,000
3,198
5,975
4,772
43,840
r5,085
47,400
502
956
4,196
1,570
507
792
3,807
1,436
392
891
3,892
1,407
491
929
4,134
1,669
7,122
6,754
6,521
7,393
77,034
76,177
63,819
22,559
68,543
70,414
65,035
11,474
73,476
74,775
59,957
22,626
79,139
80,063
61,564
21,702
4,650
159,176
48,579
937
§Data for April 1942>re for 5 weeks;tothermonths, 4 weeks.
JPartiallyJtax-exempt bonds.
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1943
1941
March
March
1942
January
February
BUSINESS INDEXES
Manufacturers' orders, shipments, and inventories:*
New orders, total
January 1939=100_.
Durable goods
do—
Electrical machinery
do
Other machinery
do—
Iron and steel and their products-do
Other durable goods..
do—
Nondurable goods
do—
Shipments, total §_Average month 1939=100.
Durable goods..-do—
Automobiles and equipment
do—
Electrical machinery
do—
Other machinery—
.do....
Iron and steel and their products..do....
Other durable goods
..do....
Nondurable goods
do—
Chemicals and allied products
do,..
Food and kindred products
do— „,
Paper and allied products
do
Petroleum refining
do—..
Textile-mill products
do
Other nondurable goods.
do
Inventories, totaL.Average month 1939=100.
Durable goods
do....
Automobiles and equipment
do^..
Electrical machinery
do
Other machinery
do
Iron and steel and their products.do
Other durable goods
__do—
Nondurable goods
".
do—
Chemicals and allied products
do
Food and kindred products
do
Paper and allied products
do
Petroleum refining
do
Textile-mill products
do
Other nondurable goods
do
LUMBER
*256
*388
M74
M44
»243
"198
*>234
*129
»258
*269
»214
"193
" 169
" 175
*161
M72
"130
»201
"180
* 166.1
"183.5
* 192.1
» 255.3
' 196.2
"124.8
"141.4
" 150.1
M55.3
'155.5
" 140.1
"115.2
" 157.9
"156.0
194
285
296
267
304
263
136
148
177
183
177
180
175
152
126
137
117
131
103
147
128
124.1
137.2
149.5
165.4
136.0
122.8
113.0
112.6
119.1
109.3
120.4
101.7
122.7
105.6
268
414
347
414
245
719
174
1S3
212
152
211
229
200
176
161
170
160
171
141
184
150
161.9
179.2
190.8
243.9
187.5
127.2
139.5
146.9
147.8
163.6
134.4
113.4
151.5
145.4
'292
'463
'452
'648
'256
'645
'182
'199
'232
133
249
260
208
194
173
181
171
173
133
204
172
'163.0
'180.8
' 190.0
' 250.3
p
191.4
' 125.5
' 140.6
' 147.4
' 150.9
' 158.9
'137.8
'115.5
'154.1
'147.3
CHEMICALS AND ALLIED
PRODUCTS
Vegetable oils and products:
Oleomargarine:
Consumption (tax-pd. withd'ls)
thous. oflb..
Production
do
Paint sales:
Paint, varnish, lacquer, and fillers:!
Total
thous. of doL.
Classified, t o t a l . . .
_
.do....
Industrial
do
Trade
do__..
Unclassified
_
do—
thous. of short tons.
do...
29,721
30,768
34,322
33,898
35,848
35,071
31,767
32,541
48,070
42,617
18,898
23,719
5,453
40,185
36,599
17,033
19,566
3,586
47,044
42,032
19,190
22,842
5,012
45,176
39,745
17,619
22,126
5,431
652
5,200
586
1,040
2,624
4,326
4,595
13,318
8,795
4,523
647
5,224
010
4,516
1,151
2,168
3,414
3,779
922
2,630
4,226
4,163
974
'2,502
'4,005
4,555
13,165
8,963
4,202
14,118
8,818
5,300
'13,957
' 8,828
' 5,129
LEATHER AND PRODUCTS
Leather:
Production:
Calf and kip
thous. of skins..
Cattle hides
thous. of hides..
Goat and kid
thous. of skins..
Sheep and lamb
do
Stocks of cattle hides and leather, end of
month:
Total
thous. of equiv. hides..
In process and finished
do
Raw
_
do....
LUMBER AND MANUFACTURES
Lumber—all types:
National Lumber Mfrs. Assn.f
Production, total
mil. of bd. ft-.
Hardwoods
__
do
Softwoods
do
Shipments, total.
do
Hardwoods
do
Softwoods
do
Stocks, gross, end of month, total...do
Hardwoods
do....
Softwoods
do
Softwoods:
Southern pine:
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Western pine:
Orders, new
do
Orders, unfilled, end of month
do
Production.
do
2,410
361
2,049
2,733
368
2,365
5,603
1,346
4,257
2,610
338
2,272
2,599
371
2,228
6,557
1,545
6,012
376
2,020
2,592
381
2,211
6,110
1,349
4,761
2,248
372
1,876
2,461
369
2,093
5,930
1,353
4,577
074
940
787
892
1,202
839
553
931
828
1,642
1,050
796
825
875
1,375
858
738
806
1,307
474
480
365
480
466
343
516
519
263
323
468
279
' Revised. » preliminary.
*New series. See note on corresponding item in the April 1942 Survey.
tRevised series. See note on corresponding item in the April 1942 Survey.
1942
1941
March
March
1942
January
February
AND MANUFACTURES—
Continued
Softwoods—Continued.
Western pine—Continued.
467
414
Shipments
mil. of b d . ft_.
1,342
Stocks, end of month
-.-do
1,479
West coast woods:
759
799
Orders, new
_
__•__.do
891
746
Orders, unfilled, end of month
..do
682
760
Production
___
do
742
Shipments
___
_.__.do
767
929
Stocks, end of month
do
Redwood, California:
Orders, new
M bd. f t . . 55t 566 38,172
75,009 50,930
Orders, unfilled, end of month
_do
31,622
Production...
__
do
43,560 33, 233
Shipments..
do
240,342 262, 805
Stocks, end of month
do
418
1,566
374
1,471
861
926
717
701
991
710
894
658
692
968
41,252 40,942
49,873 61,104
35, 642 33,128
32,292 30, 208
249,176 249,377
METALS AND MANUFACTURES
Machinery and apparatus:
Fuel equipment and heating apparatus;
Oil burners:
,
Orders, new, net
number..
Orders, unfilled, end of month
do
Shipments
do
Stocks, end of month
do
Mechanical stokers, sales:
Classes 1, 2, and 3
do..-..
Classes 4 and 5:
Number
Horsepower
Pumps and water systems, domestic, shipments:
Pitcher, other hand, and windmill pumps
units..
Power pumps, horizontal type
..do
Water systems, including pumps
do
Pumps, steam, power, centrifugal, and rotary:
Orders, new
_
..thous. of dol..
14,683
16,833
14,278
29,896
22,013
14,443
18,160
22, 871
19,784
18,588
19,253
27,639
16,006
16,428
17,996
28,124
10,972
9,717
' 6,350
7,808
290
79,450
215
52,894
'246
67,011
316
81,890
40,342
167
41,318
917
23,476
36,899
1,150
23,700
37,012
359
24,376
8,668
4,820
4,138
5,784
PAPER AND PRINTING
FUELS AND BYPRODUCTS
- Coke:
Production:
Beehive
Byproduct
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
Paper:
Total paper, inch newsprint and paperboard:!
Production
.
short tons..
Paper, exel. newsprint and paperboard.t
Orders, new
short tons..
Production
do
Shipments
do
Book paper:
Coated paper:
Orders, new
short tons..
Orders, unfilled, end of month
do
Production..
.do
Percent of standard capacity
,
Shipments
__
short tons..
Stocks, end of month..
do....
Uncoated paper:
Orders, new
do....
Orders, unfilled, end of month
do
Production
do....
Percent of standard capacity
Shipments
..short tons.,
Stocks, end of month
do
Fine paper:t
Orders, new
___do
Production
do...
Shipments
....do,..,
Stocks, end of month
do
Wrapping paper:t
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.
1,222,877
,050,768 [,249,536 1,132,459
534,927
564,012
543,329
561,312
478,284
488, 394
13, 708
6,523
17,200
6L5
17,027
13,696
21,862
9,076
22,167
80.8
22,059
14,397
119,348
81,642
133,316
105.0
130,266
49,733
133,970
70,048
120,879
93.8
125,404
56,721
55,044
62,013
60,987
38,191
56,550
47,598
47,819
65,187
570,428 491,412
584,849 525,616
678,862 524,482
21,354
13,138
25,439
87.6
25.3S0
13,719
14,769
9,413
19,661
76.2
19, 958
13,408
137,942 110,708
106,153 92,394
143,583 129,403
108.9
109.3
141,828 128,712
45,968 46,738
66,828
61,687
62,492
39,674
53,267
55,601
57,759
37,517
203,361 214,238
208,188 174,357
203,323 177,163
74,091 87,556
205,436 181,150
211,630 187,990
211,880 185,348
70,689 70,039
438,591
542,432
349,434
577,942
98.6
241,178
371,253
543,988
252,611
485,758
85.4
253,009
425,878 390,276
581,502 508,272
406,348
580,059 530,609
96.8
98.1
181,456 198,659
7,115
5,252
6,519
5,520
6,759
7,100
TEXTILE PRODUCTS
Pyroxylin-coated textiles (cotton fabrics):
Orders, unfilled, end of month
thous. linear yd.
Pyroxylin spread.thous. oflb.
Shipments, billed.
thous. linear yd.
••7,112
'6,181
'6,745
6,594
5,659
6,464
26,044 21,751
12,093
4,249
507.834 238,261
410,196 147,858
97,638 90,403
20,181
3,989
134,134
52,200
.81,934
TRANSPORTATION EQUIPMENT
Automobile production:
Canada, total.
number.
Passenger cars
do...
United States (factory sales), total
do...
Passenger cars
do...
Trucks
do._.
20,188
3,192
94,510
6,216
88,294
§ Manufacturers' shipment data revised beginning 1939; revisions "will be shown
in a subsequent issuej>f the Survey.
U, 9 . GOVERNMENT PRINTING OFFICE: 1 1 4 2
@FedFRASER