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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 28, 1942 SUMMARY OF BUSINESS TRENDS "TJESPITE the adjustments necessitated by the war program, business failures are running below last year. From the beginning of the year through April, the number of failures as reported by Dun and Bradstreet, Inc. totaled 3,864 compared with 4,613 for the first 4 months of last year. Failures so far have averaged 966 per month compared with the 1941 monthly average of 987, a decline of approximately 2 percent. Likewise, liabilities have averaged $10 million per month compared with the 1941 monthly average of over $11 million. Failures in commercial service and construction lines have not followed the general trend. In these fields both the number of failures and the amount of liabilities involved have been greater than the 1941 average. On the other hand, despite the reduction in the physical volume of retail trade, failures of retail establishments for the first 4 months of 1942 have averaged 19 percent less than for the same period last year. Available data do not yet reveal the effects of the general price regulation upon the position of retail outlets. The fulfillment of the war program demands that building construction continue in large volume, despite the fact that all nonessential civilian construction has been drastically curtailed and that such construction will diminish still further in the future. Some indication of construction activity is revealed by the F. W. Dodge Corporation reports of contracts awarded. For the first 4 months of 1942, the value of all contracts awarded in the 37 States covered by the Dodge reports amounted to nearly $1.9 billion compared with $1.5 billion for the similar period in 1941. During April the value of these contracts amounted to $499 million, down from the March figure of $611 million. Public construction accounted for 71 percent of the total in April and 77 percent in March. The situation in the lumber industry continues to be characterized by both orders and shipments running ahead of production. For the 17 weeks ended May 2, lumber production for 137 mills was 5.3 percent less than for the comparable period in 1941. At the same time, new orders ran 10.4 percent and shipments 4.8 percent greater. The decline in production is serious in view of the war requirements for lumber. It can be attributed mainly to unfavorable weatjier especially in the Southern districts and to some extent to the increasing labor shortage. Because of the urgency of immediate needfc in combination with the tightness of mill stocks, the W. P. B. on May 13 prohibited sales and deliveries of softwood construction lumber, except for essential purposes to such agencies a.- the Army, Navy, and Maritime Commission. The order applies only to the larger producers of lumber and is effective for a period of 60 days. SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION TOTAL FREIGHT CARLOADINGS (PERCENT OF CAPACITY) (BILLIONS OF KILOWATT HOURS) (THOUSANDS OF CARS) CRUDE OIL RUNS-TO-STILLS BITUMINOUS COAL PRODUCTION (MILLIONS OF BARRELS- DAILY AVERAGE) (OAILY AVERAGE-THOUSANDS OF TONS) MISCELLANEOUS CARLOADINGS (THOUSANDS OF CARS) 140 120 100 80 60 40 5.0 4.5 (942 4.0 3.5 3.0 2.5 COMMERCIAL LOANS F. H.A. HOME MORTGAGES (BILLIONS OF DOLLARS) (NUMBER SELECTED FOR APPRAISAL ON HOMES TO BE BUILT) WEEKLY WHOLESALE PRICES (1926-100) 1940' 2000 PRICES OF 354 INDUSTRIAL STOCKS no COST OF LIVING (1935-39- 100) (1935-39 - 100) MONTHLY DATA too -•— — * *" , . 1 . , 1 . . 1 . ,. . 1 . , 1 . . 1 , ., . 1 . , 1 , . 1 . . . . 1 . . 1 . . 1 . . 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] 1942 1942 1940 1941 May M a y M a y May Apr. May May May. May 24 17 25 18 9 23 16 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... . Another 28 basic commodities© Fisher's index, 1926=100: Combined index _. _.. Copper, electrolytic! Cotton, average, lOmarketst— Construction contracts^ Distribution: Carloadings----. Department store sales 1941 1940 May May May May Apr. May May May May 16 25 24 17 17 25" 18" Employment, Detroit, factory, 1923-25=100 117.3 115.7 123.8 104.8 Finance: 83.0 83.0 82.7 83.0 82.5 83.2 83.0 Bond yieldst— _ 62.5 62.6 62.4 60.5 61.2 78.6 78.2 79.6 87.6 Stock prices*Banking: 85.0 84.6 77.8 Debits, outside N. Y. C.t.._. 98.6 98.7 165.6 150.9 150.1 122.5 114.5 107.3 Federal Reserve reporting 104.3 104.0 104.8 104.8 77.3 76.3 66.8 member banks: 98.2 99.3 99.9 99.6 79.5 79.5 79.7 79.7 70.7 71.7 2 117.3 116.2 99.9 100.9 Loans, total ,. __ 128.5 128.4 128.5 129. 95.9 95.8 95.6 95.6 87.7 87.3 87.3 82.7 82.9 Currency in circulation^ 187.6 187. 0 186.8 185.2 183.7 144.9 144.5 120.1 119.9 167.2 167.4 166.7 167. 0 143.6 143.6 110.5 114.4 Failures, commercial, 1939=100. 81.3 76.0 76.3 70.3 82.3 101.1 101.1 104.9 94.0 106.3 106.3 106- 5 106.3 92.4 91.7 83.4 84.0 Production: Bituminous coalj 112.9 112.9 112.9 112.9 112.9 112.9 106.2 107.2 147.3 146.5 144.5 147.5 134.3 127.5 100.6 96.8 Electric power... ... 185.2 185.5 184.1185.5 118.0 115.5 90.5 89.2 119.7 157.6 158.0 155.2 153. 7 142. 7 141.4 Petroleum^ 245.2 189.7 158.1 206.2 128.5 128.5 110.0 111.9 105.3 113.1119.2 119.5 121.2 121.1 188.8 189.5 187.6 188.2 Steel© 180.6 179.3 127.7 122.4 128.7 128.7 131.7 132.0 132.8 132.1 105.4 104.1 . 115 136 134 129 117 _ 110 97 132.6 132.6 133.1 132.9 128.4 127.9 104.4 103. 146.6 147.3 147.5 147.5 133.1 132.3 104.4 103.5 178.5 179.3 179.4 178. 5 155.1 153.9 114.1 111.2 166.9 106.6 112.9 182.8 •Data do not cover calendar weeks in all cases. ^Seasonally adjusted. JDaily average. ©Index for week ended May 30 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 1941 and 1942; 1941 data are correct as published only beginning with the issue of Feb. 5, 1942; 1942 revisions were first shown in the issue of Mar. 19. ©Thursday prices; August 1939=100. WEEKLY BUSINESS STATISTICS* 1943 COMMODITY PRICKS, WHOLESALE Copper, electrolytic, New York* dol. perlb. Cotton, middling, 1:}W average, 10 markets 1t--do___ Food index (Dun and Bradstreet).._ do... Finished 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_-_U. 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 loansj percent. Interest rates, time loanst do... Currency in circulation! ....mil. of dol. Exchange rates: Pound sterling!-.dollars. Failures, commercial ...number. Security markets: Bond sales (iV. Y. S. E.) thous. of dol. par value. Bond yields (Moody's)tpercentStock sales (iV. y. S. E.) . thous. of sharesStock prices (N. Y. Timcs)t--dol. per shareStock prices (Stand, and Poor's) (402)1.-1935-39=100. Industrials (354).. do... Public utilities (28) : do.__ Railroads (20)— -do— P R O D U C T I O N , CONSTRUCTION, A N D DISTRIBUTION Production: Bituminous coalt -... thous. of short tons.. Electric power A mil. of k w.-lir.. 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.. Hogst —— do.... Wheat at primary markets thous. of b u . . 1941 1940 1939 May 25 | May 18 May 27 May 20 May 23 | May 16 May 9 May 2 Apr. 25 May 24 May 17 0.118 .202 3.68 56.73 1.16 0.118 .202 3.68 56.73 1.17 0.118 .200 0.118 .128 2.95 56.73 0.118 .126 2.93 56.73 .92 0.111 0.098 2.20 56.60 0.112 .097 2.27 56.60 0.098 56.73 1.15 0.118 .202 3.66 56.73 1.13 2.25 55.70 2.27 55.70 .76 4,830 6,938 3,887 6,319 3,715 6,285 3,529 5,740 3,145 5,127 3,699 4,791 3,114 4,493 3,071 3,779 3,340 4,161 0.118 .199 3.69 56.73 1.13 2,578 2,445 12,486 2,565 2,612 2,484 12,667 2,925 2,572 2,436 12,444 2,691 2,443 2,350 12,662 2,815 2,400 2,296 12,470 2,752 2,237 2,184 13,732 5,855 2,239 2,184 13,458 5,689 2,520 2,477 13,223 6,373 2,518 2,474 13,094 6,300 2,576 2,564 10,097 4,304 2,576 2,564 10,005 4,244 25.396 5,113 20,876 14,549 2,661 11,012 6.613 1.00 1.25 11,443 •4.035 230 25,241 5,116 20,221 13,910 2,666 11,001 24,854 5,127 20,127 13,792 1.00 1.25 11,864 -4.035 215 LOO 1.25 11,853 M.035 216 25,358 5,121 20,111 13,730 2,675 11,094 6,726 1.25 11,751 M.035 199 25,145 5,115 20,151 13,768 2,667 11,242 6,874 1.00 1.25 11,655 •4.035 233 24,265 5,426 17,752 10,972 3,019 10,046 5,639 1.00 1.25 9,197 -4.031 270 23.846 5,435 17,789 10,952 3,137 9,953 5,604 1.00 1.25 9,170 M.030 286 19,928 5,315 14,949 9,088 2,387 8,643 4,414 1.00 1.25 7,610 • 3.219 266 16,955 5,247 13,548 8,264 2,046 8,125 3,837 1.00 1.25 6,908 4.681 16,681 5,247 13,563 8,304 2,031 8,046 3,845 1.00 1.25 6,916 4.681 36,512 3.36 2,018 67.64 63.0 64.4 57.6 59.4 34,066 3.36 1,535 67.74 62.5 64.0 56.2 60.1 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 30,900 3.37 2,062 85.06 77.6 78.0 79.0 70.0 39,250 3.36 2,113 84.59 77.2 77.3 79.1 70.6 20,201 5,312 14,982 9,105 2,389 8,562 4,394 1.00 1.25 7,622 •3.216 297 44,870 3.77 10,378 86.19 74.2 73.9 83.2 54.9 57,800 3.63 17,103 94.87 83.4 83.6 90.0 63.1 33,290 3.78 25,080 3.79 2, £01 92.16 85.6 *5.4 94.9 63.7 99.2 1,913 3,357 3,484 99.6 1,903 3,365 3,544 98.6 1,877 3,305 3,335 98.9 23, 053 1,916 3,273 3,581 97.6 17,841 1,745 3,040 3,773 99.9 •14,868 1,656 3,011 3,784 99.2 19,390 1,307 2,589 3,836 73.0 12,087 1,257 2,550 3,835 70.0 12,082 1,028 2,278 3,585 48.5 849 2,235 3,438 45.4 12,019 839,052 169,007 14,046 49,854 34,964 11,994 97,219 83,793 378,175 839,253 167,809 14,316 50,618 35,145 11,698 98,433 86,800 374,434 858,904 169,419 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 70,911 382,433 866,017 151,878 13,732 41,718 40,130 10,429 162,254 76,601 369,275 860,802 147,453 13,112 41,342 38,905 12,936 162,499 76,548 36S,007 687,480 116,951 8,971 34,667 29,432 10,506 148,909 59,071 278,973 679,065 113,183 8,457 34,777 30,754 11,861 148,918 48,935 282,180 623,542 96,242 4,834 29,759 33,910 10,706 152,859 43,670 251,562 612,888 89,717 4,462 30,085 34,169 11,811 152,783 36,225 253,636 185 307 4,018 303 3,329 163 220 320 3,017 220 305 3,181 194 284 9,096 195 298 6,151 180 340 5,532 178 300 6,307 6,291 6,362 4,854 2,679 11,008 6,649 1.00 3,871 95.18 89.3 89.2 98.0 07.9 JDaily average. «Data do not cover calendar weeks in all cases. • Free rate. IReversed series. t See table 32, pp. 24726 of the November 1941 SURVEY 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 30 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. 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. MONTHLY BUSINESS STATISTICS Earlier data are available in monthly issues of the Survey and the 1940 Supplement ' 1942 1941 April April 1943 February March Earlier data are available in monthly issues of the Survey and the 1940 Supplement BUSINESS INDEXES COMMODITY PEICES-Continued Agricultural income: Wholesale prices of individual commodities— Cash income from farm marketings: Consinued. Crops and livestock, combined index; Cottonseed oil, refined, summer, yellow, prime, 90.5 T74.0 '100.5 Unadjusted 1924-29=100.. 7 CN. Y.) . dol. per lb.. 127.0 93.0 Adjusted _do *>93.0 ' 127.0 Dairy products: 105.5 77.5 Crops do J>77.5 104.0 Butter, 92score (N.Y.). do... 146.5 107.0 Livestock and products do * 107.0 r 147.5 Cheese, No. 1 American, (N. Y.) do... 132.0 108.5 U08.5 Dairy products do ' 129.0 Milk: 156.0 114.5 1114.5 Meat animals do '154.5 Condensed (sweetened) (N. Y.) 144.5 82.5 Poultry and eggs dO—- P82.5 '157.0 dol. per case.. Tndustrial production (Federal Reserve) :f Evaporated (unsweetened) (N. Y.)__do Unadjusted: Fluid, dealers, stand, gr dol. per 100 lb._ r 167 144 168 Combined index 1935-39=100Flaxseed, No. I (Mpls.) dol. per bu_. 174 153 177 Manufactures.. ___do— Grain and grain products: r220 181 '227 Durable manufactures do Corn: 181 198 193t Iron and steel. do No. 3 yellow (Chicago) do. 130 128 t 129 Lumber and products* do No. 3 white (Chicago) do. 135 146 '147 Furniture*.. do^-.. Weighted avg. 5 mkts.. all grades do 128 118 '120 Lumber* do Wheat: 194 255 '265 Machinery* do No. 1 Dark Nr. Spring (Mpls.) do. 184 '185 '190 Nonferrous metals* do No.2, Red Winter (St. Louis) do.... 140 '142 rl32 Stone, clay, and glass products*..do No. 2, Hard Winter (K. C.) do.... 142 47 43 Polished plate glass do Weight avg., 6 mkts., all grades do 206 r313 '327 Transportation equipment* do.... Wheat flour: 130 138 M37 Nondurable manufactures do.... Standard patents (Mpls.) dol. per bbl_. 136 158 165 Chemicals* .do Winter straights (K. C.) +. do. 119 131 '128 Leather and products ...do Hides: 125 126 '129 Shoes* ...do Packers',.heavy,native steers...dol. per lb,... -112 ^123 Manufactured food products*.;.;do-:i: Calfskins, packers, 8 to 151b .do. 119 135 Meat packing do '131 Iron and steel: 137 152 155 Paper and products* do_'_ — Pig iron: 140 1-160 161 Paper and pulp* do Basic (valley furnace) dol. per long ton.. 120 129 122 Petroleum and coal products* do.... Composite do 133 161 Coke* ...do.... '160 Foundry No. 2, northern (Pitts.) do.._ 119 124 Petroleum refining.__ ...do 116 Steel: 124 126 Printing and publishing* .do '126 150 Composite, finished steel dol. perlb. 157 Textiles and products... ___do 152 1G1 Steel billets, rerolling (Pittsburgh) 174 Cotton consumption* do 169 158 dol. per long ton. 174 Rayon deliveries* do 175 152 Structural steel (Pittsburgh)...dol. per lb.. 155 Wool textile production* do.... 148 113 Steel scrap (Chicago) dol. p e r l b - . . 121 Tobacco products do.... 117 96 Lard in tierces: rl24 Minerals.. do. 118 87 Prime, contract (N. Y.). dol. perlb.. Fuels* do 130 122 7G Refined (Chicago). _ do Anthracite do. 121 116 18 Leather: Bituminous coal do 141 140 116 Sole oak, scoured backs (Boston) do.... 127 Crude petroleum do 115 149 Chrome, calf, B, comp dol. per sq. ft_. '90 Metals*: _ do... '98 156 Linseed oil (N. Y.) dol. perlb.. 160 Copper* do... '165 Livestock: Adjusted: Beef steers (Chicago) dol. per 1001b.. 172 144 Combined index: do... 172 Steers, corn fed do. 153 180 Manufactures do... '180 Calves, vealers do. 180 Durable manufactures._ _do... '230 '226 Hogs, heavy (Chicago) do. 181 Iron and steel _do.... 193 198 Sheep, ewes (Chicago) do. 132 144 Lumber and products* __do. 134 Sheep, lambs do. 139 140 Furniture*—.. __do. '145 Lumber: 128 143 '128 Lumber*. do. Douglas fir: 194 255 '265 Machinery*... _ do. Dimension, No. 1, comp.dol. per M bd. ft._ 183 •"190 Nonferrous metals* do '184 Flooring, " B " and better do 141 Stone, clay, and glass products*...do '171 rl90 Ponderosa pine, 1x8, No. 3, common*_do 142 Polished plate glass. .do 41 49 Southern pine: 196 Transportation equipment* do '327 '313 Boards, No. 2t common, 1 x 8* do 131 Nondurable manufactures do '139 142 Flooring, a B " and better, F. G., 1x4* 133 Chemicals* do '161 158 do.— 115 Leather and products do '120 120 Meats: 119 Shoes* do '116 117 Beef, fresh, native steers (Chi.)...dol. per lb._ 123 Manufactured food products* do P137 P141 Hams, smoked (Chicago) __do 126 Meat packing do. '144 141 Nitrate of soda, 95 pet. (N. Y.)...dol. per cwt._ 134 Paper and products* do 150 149 Nonferrous metals and products: 136 156 '155 Paper and pulp* do Aluminum scrap, casting (N. Y.). dol. per lb.. 121 Petroleum and coal products*.. _ do 126 Copper, electrolytic (N. Y.) ___do—_ 131 133 Coke* _do '160 Lead, refined, pig. desilverized (N.Y.).. do 161 119 Petroleum refining. _.do 120 Tin, Straits (N. Y.) do... 126 118 Printing and publishing* do '121 . Zinc, prime western (St. Louis). do 125 150 ' Textiles and products _..do 152 Brass sheets, mill ...do 157 161 Cotton consumption* do 169 Oleomargarine, stand., uncolored (Chi.).do 174 158 Rayon deliveries*__.do 175 Petroleum and products: 174 152 Wool textile production* _do 148 Crude petroleum (Kans. Okla.) 155 120 Tobacco products _do 125 dol. per bbl 130 95 Minerals do. 127 Fuel oil (Pennsylvania)* dol. per gal 129 86 Fuels* _do. 122 Gasoline, tank wagon (N. Y.) .do 125 71 Anthracite do 113 Gasoline, refining (Okla.) do 110 22 Bituminous coal ...do 146 Kerosene, water white, 47°, refinery do 120 113 Crude petroleum. __.do 114 Lubricants, cylinder, re finery (Penn.) do 128 149 Metals do '154 Potatoes, white (N. Y.) dol. per 1001b.. ••151 152 Copper*-do '162 Rayon, viscose, 150 denier, first quality mini* 158 mum filament dol. perlb.. COMMODITY PRICES Sugar, raw, 96°, centrifugal (N. Y.) do Wholesale prices of individual commodities: Sugar, refined, granulated (N. Y.) do— Brick, com., comp (f. o. b. pi.). ..dol. per tbous.. 13.209 12.320 13.165 13.215 Turpentine, gum, spirits (Sav.)___dol. per gal.. Coal: Vog. shortening, tierces (Chi.) .dol. per lb._ Anthracite, chest, comp._.dol. per short ton. 10.114 9.799 10.288 10.2S0 Wool: Bituminous, mine run, comp.. do 4.774 4.375 4.737 4.753 Raw, territory, fine scoured .do Bituminous, prepared sizes, comp .do 4.819 4.533 4.924 4.897 Raw, Ohio and Ponn. fleeces -..do .134 Coffee, Rio. No. 7 (N. Y.) dol. perlb.. .099 .134 .134 Suiting, unfinished worsted, 13 oz. (at mill) .113 Cotton, middling (N. Y.)._ _ do. .202 dol. per yard.. Cotton cloth: Worsted yarn, 2/32's, crossbred stock (BosMill margins __cents perlb.. 20.29 20.32 19.81 20.25 ton) _ dol. perlb.. Print cloth, 64x60... dol. per lb.. .089 .072 .087 .088 Purchasing power of the dollar: Shceting, unbleached, 4 x 4 do .107 .0S4 .104 .105 Wholesale prices—1923-25=100. Cotton yarn: Retail food prices do 22/1 cones (factory) . dol.perlb..425 .413 .338 419 Prices received by farmers do 40/s, southern, Boston do .516 .504 .419 .506 Cost of living do. • Data not available. • New series. See note on corresponding item in the May 1942 SURVEY. v Preliminary. ' Revised. t Revised series. See note on corresponding item in the May 1942 SURVET. 1942 1941 April April •FebruMarch ary 1943 0.0S6 0.139 0.140 .33 .19 .35 .25 .35 .24 5.90 3.80 2.75 2.62 5.00 3.23 2.27 1.93 5.90 3.85 2.74 2.33 5.90 3.85 2.75 2.60 .82 .97 .81 .72 .62 1.24 1.30 1.21 1.19 0.140 .82 .97 .80 1.19 1.21 1.15 1.14 .95 .87 .90 .96 .78 1.25 1.31 1.23 1.21 5.95 5.40 5.01 3.93 6.33 5.74 6.17 5.63 .155 .218 .137 .240 .155 .218 .155 .218 23.5C 24.2( 25. St 23.50 24.15 25.89 23.50 24.15 25.89 23.50 24.17 25.89 .0265 .0265 .0265 .0265 34.00 .0210 18.75 34.00 .0210 18.95 34.00 .0210 18.75 34.00 .0210 18.75 .126 .144 .083 .097 .121 .136 .125 .138 .449 .529 .141 .409 .495 .107 .448 .531 .119 .453 .531 .133 13.26 14.09 13.13 14.26 7.24 11.38 10.67 12.31 11.34 8.42 6.75 12.39 12.66 13.50 12.49 6.48 11.25 12.59 13.36 13.80 13.51 6.91 11.00 32.340 44.100 31.01 24.990 32.340 35.280 44.100 27.72 31.46 32.340 44.100 30.000 31.560 30.653 31.52 49.534 54.708 30.770 51.000 .214 .321 1.503 .170 .238 1.470 .196 .303 1.503 .0875 .1178 .0650 .5200 .0825 .195 .150 .1100 .1182 .0585 .5196 .0725 .195 .130 .0869 .1178 .0650 .5200 .0825 .195 .153 53.798 .200 .315 1.503 .0875 .1178 .0650 .5200 .0825 .195 .150 1.110 .057 .157 .054 .063 .160 2.250 1.010 .045 .135 .049 .054 .100 1.590 1.110 .052 .152 .060 .063 .160 2.719 1.110 .055 .153 .055 .063 .160 2.525 .550 .037 .055 .645 .170 .530 .034 .050 .419 .111 .550 .037 .053 .761 .165 .550 .037 .053 .733 .165 1.20 .52 1.08 .45 1.16 .52 1.18 .52 2.599 2.030 2.320 2.599 . 1.800 1.550 1.800 1.800 101.9 105.8 98.0 104.7 121.0 125.8 133.7 117.1 104.1 108.3 101.4 107.0 103.2 106.6 100.7 105.8 MONTHLY BUSINESS STATISTICS—Continued Earlier data are arailable in monthly issues of the Survey and the 1940 Supplement 1943 April 1941 April 1942 February March Earlier data are arailable in monthly issues of the Survey and the 1940 Supplement CONSTRUCTION AND SEAL ESTATE FINANCE—Continued Contract awards: Value of contracts awarded (F. It. indexes): Total, unadjusted 1923-25=100. Residential, unadjusted.. do... Total adjusted do... Residential, adjusted do___ Construction cost indexes: American Appraisal Co.: f Average, 30 cities __ .1913=100. Atlanta... do... New York. do... San Francisco do... St. Louis. do... E. H. Boeckh and Associates, Inc.: S Apartments, hotels, and office bui Brick and concrete: Atlanta.. U. S. av., 1926-29=100 New York do... San Francisco . do... St. Louis.._ do__ Commercial and factory buildings: Brick and concrete: . Atlanta __do._. New York . do..., San Francisco do St. L o u i s . . . . ....do-... Brick and steel: Atlanta do New York do..., San Francisco--. do St. Louis do.... Residences: Brick: Atlantm do New York <io___ San Francisco do St. Louis do Frame: Atlanta do New York do San Francisco ,do... St. Louis—. do.... Federal Home Loan Bank Board: Standard 6-room frame house: < Combined index 193.5-39=100.. Materials ...do Labor....do.... Liabilities—Continued. Retail trade, total. thous. of dol. Wholesale trade, totaL „ -.-.do... Security markets: Bonds: Prices (Standard and Poor's): High grade (15 bonds) | dol. per $100 bond. Medium and lower grade:t Composite (50 bonds) do._. Industrials (10 bonds) do Public utilities (20 bonds) do.-.. Rails (20 bonds) do.-. Defaulted (15 bonds)t—-do..-. Domestic municipals (15 bonds)_..do.--. Yields (Standard and Poor's): Domestic municipals (15 bonds) percent.. Stocks: Prices (Standard and Poor's) :f Combined index (402 stocks) 1935-39=100.. Industrials (354 stocks) do.... Capital goods (116 stocks) do Consumer's goods (191 stocks) 1935-39=100.. Public utilities (28 stocks) do.... Rails (20 stocks) do.... Yields (Standardand Poor's): Preferred stocks, high-grade (15 stocks) percent.. DOMESTIC TRADE Newspaper advertising: Linage, totr-l (52 cities) thous. of lines Classified do... Display, total do.... Automotive ^ _ _ do Financial... do General _ do Retail do.... Chain-store sales, indexes: Grocery chain-store sales: Unadjusted 1929-31=100 . Adjusted do.... Variety-store sales, combined sales, 7 chains: t Unadjusted 1935-39=100-. Adjusted ._ do Rural sales of general merchandiser Total U. S.f unadjusted 1929-31 =• 100.. Total U. S., adjusted ...do.... FINANCE Commercial failures:! Grand total number.. Commercial service, total do Construction, total-.— do Manufacturing and mining, total...do Mining (coal, oil, miscellaneous)..do Chemicals and allied products do Food and kindred products do Iron and steel products do Leather and leather products .do Lumber and products do Machinery ^_do Paper, printing, and publishing..do Stone, clay, and glass products...do Textile-mill products and apparel.do Transportation equipment do Miscellaneous do.. Retail trade, total do.. Wholesale trade, total. do.. Liabilities, grand total thous. of dol Commercial service, total do.. Construction, total.... do.... do ; Manufacturing and mining, total Mining (coal, oil, miscellaneous)...do Chemicals and allied productsdo Food and kindred products do Iron and steel and products do Leather and leather products do... Lumber and products do Machinery do. Paper, printing, and publishing do.... Stone, cla ' ' Textile-m Transports ...... Miscellaneous do, 131 99 115 84 117 93 103 80 128 100 U25 9 '125 '95 238 232 248 221 237 213 213 230 196 216 231 225 241 215 230 237 232 247 221 236 105.4 137.7 125.7 124.4 99.8 134.0 119.6 121.0 101.4 137.0 124.2 123.9 101.9 137.5 125.6 124.4 105.7 139.0 126.7 124.9 101.7 136.6 123.0 121.3 102.9 138.4 125.3 124.5 103.2 138.8 126.6 124.9 106.4 137.1 128.6 124.8 100.8 133.7 122.1 122.1 102.5 136.2 127.1 124.3 102.8 136.8 128.5 124.7 111 103.7 139.3 122.3 122.8 95.6 132.1 114.5 118.0 137.9 120.0 122.1 103.2 141.1 119.5 122.5 93.7 131.9 110.9 117.0 98.5 139.4 117.7 121.7 122.4 120.5 125.9 111.2 108.7 116.1 121.2 119.3 125.0 April 4,232 1,027 4,813 1,369 117.8 116.8 117.1 116.7 99.3 107.1 102.3 88.4 26.7 122.1 99.5 103.1 106.0 89.5 20.7 126.8 106.9 104.4 "87.7 25.6 120.1 98.8 106.1 101.8 88.6 27.6 119.7 2.44 2.20 2.55 2.5S 63.3 64.8 67.8 77.9 77.3 79.8 71.0 74.8 66.0 67.2 70.8 61.8 56.5 61.1 76.8 83.1 71.2 66.2 64.5 68.4 63.9 60.5 65.0 4.52 4.10 4.24 4.38 100.3 138.3 121.9 122.5 5,170 4,557 8,645 4,438 3,763 8,148 5,154 4,577 8,491 Fermented malt liquors: Production _thous. of bbls. 5,728 Tax-paid withdrawals do 5,030 Stocks do 8,950 98.8 Distilled spirits: 139.8 Production... ...thous. of tax gallons.. •9,716 118.9 Tax-paid withdrawals do 9,641 122.1 Stocks... ...do-.-. "543,512 Whisky: Production.. do 9,058 122.0 Tax-paid withdrawals do 6,631 ••120.0 Stocks do,... 521.503 •" 126.0 Rectified spirits and wines, production, total thous. of proof gal4,625 Whisky do.... 3,902 21,975 84,932 1,938 1,849 16,268 64,878 Iron ore (Lake Superior district): Consumption by furnaces thous. of long tons.. 6,8 Stocks, end. of month, total do & 20,695 At furnaces __.do M8,165 On Lake Erie docks do 2,529 '175.3 P170.2 136.9 132.9 169.6 168.8 M67.9 P 123.0 9 127.0 116.1 116.4 108.1 136.1 ' 116.1 '133.6 Cotton .spindle activity: Active spindles .thousands.. ActAve spindle hrs., total mil. of hours.. Average per spindle in place ..hours.. Operations pet-of capacity.. P 175.6 * 191.1 151.7 165.1 151.1 186.8 185.6 211.4 44 7 4 18 13 14 6 36 3 30 745 108 13,827 573 1,120 4,421 202 103 1,493 257 20 451 271 240 250 434 55 645 70 9,631 927 920 2,525 182 73 470 116 119 456 66 214 33 319 22 455 14,726 8,027 547,018 12,903 «»10,571 9,413 11,312 577,140 <*542,884 11,800 6,147 500,097 11,486 10,020 7,501 6,417 519,790 520,765 4,399 3,418 6,250 4,881 6,481 5,627 METALS AND MANUFACTUBES 87,944 18,192 69,752 1,560 1,339 14,662 52,191 916 59 57 141 5 8 31 5 5 13 8 15 2 24 2 April 3,970 3,743 119,230 24,911 94,31S 6,906 1,976 17,625 67,811 1,149 35 70 191 1942 Febru- March ary 3,829 1,132 107,055 21,649 85,406 2,416 1,704 17,321 63,464 38 65 146 4 8 36 4 5 15 8 18 3 29 3 13 624 65 9,282 335 1,033 2,953 48 156 936 64 53 263 162 429 98 316 204 224 1941 FOODSTUFFS 5,802 16,937 15,002 1,935 6,403 >6,900 27,526 ^19,551 23,835 616,921 2,629 3,691 23,100 11,463 476 135.3 22,807 10,299 423 120.1 23,078 10,457 435 135.9 1942 1941 March FebruMarch January ary TEXTILE PRODUCTS 1,048 48 77 188 6 4 43 7 8 25 10 24 4 36 3 18 650 85 12,011 1,194 896 3,739 299 22 1,102 166 204 390 191 493 124 427 25 296 23,096 11,374 473 134.3 1942 METALS AND MANUFACTUBES Electrical equipment: Domestic appliances, sales billed: Combined index, excluding refrigerators:* Unadjusted.1936^100Adjusted. do— Electrical products: Industrial materials, sales billed do.--. Motors and generators, new orders do Transmission and distribution equipment, new orders 1936*= 100PAPER AND PRINTING Total paper, incl. newsprint and paperboard: Production.._ snort tonsPaper, excl. newsprint and paperboard:t Orders, new short tonsProduction doShipments doFine paper :f Orde rs, new : do— Production do— Shipments. do— Stocks, en d of month do— Wrapping p aper:t Orders, new do— Production -doShipments do— Stocks, e n d of month do— r Revised. » Preliminary. • Excludes high-proof spirits. •New series. See note on corresponding item in the May 1942 SURVEY. tRevised series. See note on corresponding item in the May 1942 SURVEY. 5See footnote on p. S-5 of the May 1942 SURVEY. * Excludes data for Canadian lake-shore furnaces not yet available, included In earlier figures. 1942 107.0 81.0 192.1 145.6 109.9 138.1 136.0 145.0 283.0 909.0 223.3 r 340.0 264.6 468.8 247.0 343.0 402.0 250.9 286.4 299.0 1,222,877 1,050,768 1,249,536 1,132,459 534,927 ' 561,312 570,428 491,412 564,012 '478,284 584,849 525,616 548,329 488,394 578,862 524,482 55,044 62,013 60,987 38,191 56,550 47,598 47,819 65,187 66,828 61,687 62,492 39,674 63,267 55,601 57,759 37,517 203,361 214,238 205,436 208,188 174,357 211,630 203,323 177,163 211,880 74,091 87,556 70,689 181,150 187,990 185,348 O. S. GOVERNMENT MINTING fcFFlCtt t t * t 70,039
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