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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON, D. C , NOVEMBER 12, 1942 SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION BITUMINOUS COAL PRODUCTION ELECTRIC POWER PRODUCTION (1935-39- 100) (BILLIONS OF KILOWATT HOURS) DEPARTMENT STORE SALES t DAILY AVERAGE-THOUSANDS OF TONS)/* VALUE OF MANUFACTURERS* INVENTORIES (SEASONALLY ADJUSTED !323-25-10Q) 140 (AVERAGE MONTH. 1 9 3 9 - 1 0 0 ) 180 MONTHLY DATA A 130 'A L MONTHL* DATA 160 120 y 140 110 120 100 . — ^ 100 90 , . i , . 1 . . » , . 80 1940 , , t , . 1. , 1,, 194? .. i . . i . . 1942 i.. 80 , , 1 . , 1 , . 1 . ., . 1 , . 1 . . 1 . . 1942 WEEKLY BUSINESS STATISTICS' Commodity prices, wholesale: All commodities 1926=100. Farm products— ..do__. Food _ do.. Allother do... 28 basic commoditiesO-.-August 1939=100 Cotton, mid., *Mo, 10 mkts.j---dol. per lb._ Wheat, No. 2, hd. win. (K. C.)-dol. per bu_ Department store sales 1935-39*=100._ Finance: Bank debits, member banks in 101 cities: 1 Total mil. ofdoL New York City. do.,. Currency in circulationt do.,. Federal Reserve bank credit, total do... Member bank reserve balances do.,. Excess reserves, estimated do... »99.7 97 108.7 109.1 103.1 103.0 »95.7 »95.6 170.0 169.4 .190 .190 170.4 .194 1.22 1.20 1.20 157 163 91.7 89.6 "88.8 93.1 164.0 .163 1.13 91.6 89.5 88.2 93.1 153.2 .162 1.12 138 10,538 10,077 11,363 10,419 4,320 4,316 3,216 14,142 14,009 4,680 4,578 4,494 12,211 12,246 12,304 2,352 2,158 2,118 1941 1943 1941 1943 Nov. 7 Oct. 31 Oct. 24 Nov.SNov.l Nov. 7 Oct. 31 Oct. 24 Nov. 8 Nov. 1 9,656 4,252 10,424 10,335 2,247 2,250 12,594 12,632 3,409 4,602 Finance—Continued. Federal Reserve reporting member banks: Deposits, demand, adjusted...mil. of dol.. 23,593 37,924 Loans and investments, total .do 24,120 U. S. Govt. obligationsd* do Commercial, industrial, and agricultural loans mil. of dol.. 6,314 136 Failures, commercial _ number.. Bond yields (Moody* t)i percent-. 3.30 Stock prices (Stan. & Poor) A-1935-39*= 100-. 75.3 Production: Bituminous coalt thous. of short tons. Electric power _. _ .mil. of kw*hr. PetroleumJ tbous. of bbl.. Steel®. 1935-39=* 100. 190.9 Freight carloadings, total thous. of cars.Miscellaneous,.. do.-.. 28,431 23,876 24,258 37,549 37,714 29,523 29,582 23,786 23,931 14,606 14,648 6,316 6,347 6,573 6,554 187 196 145 158 3.26 3.27 3.31 3.31 79.3 79.0 75.0 74.3 1,812 1,937 1,902 1, 3,380 3,775 3,753 3,901 3,917 4,096 4,071 193.7 193.5 181.8 184.9 874 895 903 890 383 401 433 431 • Data do not cover calendar weeks in all cases. » Preliminary. 0 Thursday prices. J Daily average. ® Index for week ended November 14,190.9. J Debits to demand deposit accounts, except interbank and IT. S. Government accounts, in 101 cities. d*Direet and guaranteed. A 402 stocks. MONTHLY BUSINESS STATISTICS 1942 Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1941 1942 1943 SepOctober October August tember COMMODITY PEICES Prices received by farmers: Combined index Chickens and eggs Cotton and cottonseed ' - ^ D airy products ..".... Fruits ."" Truck crops Miscellaneous Cost of living (N. I. C. B.); Combined indext Clothing Foodf Fuel and light Housing ,.___ Sundries , .. 1941 1943 Sei > October October August teml DOMESTIC TBADE-Continued 1909-14* 100.do do do . do do . . do . . do .do - 169 173 158 165 134 117 200 226 185 139 146 144 145 107 101 154 161 144 163 156 151 151 126 115 200 256 173 163 166 156 156 129 119 195 191 172 .1923=100do do do ...do ___do _ 99.5 88.5 105.4 90.5 90.8 104.8 92.0 78.3 90.7 90.0 89.2 101.5 98.1 8S. 2 101.1 90.4 90.8 105.0 98.6 88 4 102 8 90 5 90.8 104.7 1923-25*100— 1935-39=100- M3S M71 112 145 103 144 M33 '171 DOMESTIC TRAI>E Department stores; Sales, total U. S., unadjusted Atlantaf ' Revised. p preliminary, 492191—42 Earlier data are available in monthly issues of the Survey and the 1940 Supplement Department stores—Continued. Boston .1923-25=100._ Chicagof 1935-39=100Clevelandf do .1923-25=100.. Dallas 1925=100.. Kansas City . . 1935-39=100.. MinneSDoiist 1923-25=100.. New York 1935-39=100Philadelphiaf do M12 >146 M57 '156 p 150 »124 *>158 08 123 134 127 106 140 112 136 165 119 145 105 137 118 128 113 117 99 119 134 106 138 75 117 134 127 114 115 94 112 147 114 158 130 169 148 157 165 131 123 152 194 152 173 105 155 161 r 171 f 133 t 145 r 120 r 143 r 174 t 131 P 184 123 r 161 r 141 r 146 r 154 126 r 112 r 133 T 170 r 122 9 176 r „ 1923-25=100.. M35 St. Louis. San Franciscof 1935-39=100.. MS3 Sales total U S . adjusted t 1923-25=: 100.. F 1 2 9 M62 1935-39 ^ 1 0 0 ^ Atlantaf do . Chieazot d o . . . . »150 Clevelandf 1923-25=100.. Dallas 1935-39=100.. Minneapolisf 1923-25=100.. Mil New York 1935-39=100.. M3S Philadelphiaf _ do M89 Richmond* M19 1923-25=100.. St. Louis M74 1935-39=100.. San Franciscof •New series. S ee note on corresponding item in the October 1942 Survey. fRevised series. See note on corresponding item in the October 1942 Survey. MONTHLY BUSINESS STATISTICS—Continued Earlier data are available in monthly issues of the Surrey and the 1840 Supplement 194S 1941 1943 Earlier data are available in monthly issues of the Survey and the 1940 Supplement Sep. October •etober August tember 1U, -±UU 12, 580 4,557 7,432 91.0 Mfrs.' orders, shipments, and inventories:* 25, 298 25,754 New orders, total Jan. 1939=100.. ' 3, 565 3,774 Durable goods do-.._ ' 3, 426 3, 567 Nondurable goods do »184 20,803 20,808 Shipments, total average month 1939=100.. P224 20, 575 20,576 Durable goods. ...-.._.. ...do.... Nondurable goods do 25,298 25,754 13, 952 13,660 175.3 Inventories, total . do Durable goods.. . do 12, 338 11, 592 P200.3 1,690 Nondurable goods _do 2,143 '153.4 10,157 10,658 85.6 CONSTRUCTION AND REAL ESTATE 22,800 22, 756 10,364 13,200 22,754 13,703 53,608 81,685 46,401 72,982 441 544 77,338 637 6,664 8,262 8.509 6,930 2,089 1,537 57 109 45 75 4,567 5,215 4,883 30 52 19 7 4,552 6,931 5,384 35 40 5 224 259 489 445 34 431 68 49 224 797 587 22 748 155 232 112.0 109.9 August thousands. __.do— do.do... do.-. do... do... do-.. ,,-.do— ...do... ...do..\ do... 109.8 3.34 3.33 2.81 2.99 3.27 4.28 2.80 2.98 3.26 4.26 2.85 3.05 3.93 1.88 2.94 3.09 3.98 2.02 2.95 3.08 3.95 2.03 1,840.31 1,646.14 938. OS ,643.75 938.08 l!fi8 1.75 2.81 1.71 2.69 1.74 1.75 1.75 2.81 1.70 2.69 1.73 1,79 41.26 121.18 17.65 28.54 87.37 153.71 21.04 35.46 106.08 11.51 26.19 73.10 126.93 19.26 36.00 107.41 11.76 26.76 74.40 128.65 20:16 6.3 5.0 6.4 4,1 6.6 6.5 6.3 5.1 6.0 4.7 8.0 7.5 6.1 4.9 5.8 4.5 7.9 7.3 4,512 '4,553 837 ••837 71 '66 244 ••228 247 ••185 118 "102 460 ••800 373 '331 2,162 -•2,004 39,067 42,162 24,508 18,245 4,661 10,265 4,351 825 69 270 228 68 449 440 2,001 58,561 39,651 5,445 3,504 661 56 199 188 71' 347 336 1,647 42,649 28,354 4,446 27,835 24,041 20,126 13,125 6,720 16,918 45,416 31,498 38,951 22,183 17,414 53,694 FOODSTUFFS Grain receipts, principal markets: Corn -—thous. of bu. Oats ... ..* do— Wheat do..- High grade (15 b o n d s ) t . . . . d o l . per $100 b o n d . M e d i u m and lower grade :f Composite ( 5 0 b o n d s ) . . do Industrials (10 bonds) _ do Public utilities (20 bonds) do..-. Rails (20 b o n d s ) . _ do.... Defaulted ( 1 5 b o n d s ) t _ do Domestic municipals (15 bonds) do Bond yields: Domestic municipals (15 bonds) percent.. Stock prices: Combined index (402 s t o c k s ) . . . 1935-39=100_ Industrials (354 s t o c k s ) . . . do.... Capital goods (116 s t o c k s ) - . . do.... Consumer's goods (191 stocks) do. Public utilities (28 s t o c k s ) . . . do.,.. Rails (20 s t o c k s ) , do.... Stock yields: Preferred stocks, high-grade (15 stocks) percent.. M 2.73 2.87 3.21 4.28 9 Preliminary. • Less than $500,000. 'Revised. ^Partially tax-exempt. •New series. See note on corresponding item in the October 1942 Survey. fRevised series. See note on corresponding item in the October 1942 Survey. 202 260 165 185 212 164 143.4 160.5 128.4 256 399 163 207 264 163 174.2 195.8 155.3 '233 ••334 ••167 '212 '270 -•167 175.0 198.0 154.8 124.4 121.5 130.2 116.5 114.4 120.7 123.7 121.2 128.5 124.0 121.2 129.4 119.0 118.1 118.9 118.7 100.7 109.8 105.8 86.4 29.4 125.9 98.0 105.1 107.2 84.5 24.4 131.2 98.9 10S.4 104.5 83.9 25.5 124.4 99.3 108.7 104.1 85.2 27.1 125.4 2.25 1.99 2.32 2.28 £9.6 66.7 83.6 84.8 87.8 82.9 81.3 72.6 68.2 70.6 71.5 69.2 58.4 62.9 4.27 4.04 4.32 4.27 .46,069 86,552 15,385 169,620 104,008 10,105 290,634 1,178 580,536 63,094 534,503 92,231 8,970 326,331 1,447 506,516 66,916 773,247 139,042 9,832 277,969 1,329 613,620 72,821 642.827 106,660 1,025 2,392 2,728 4,150 1,084 2,405 4,113 4,508 1,053 2,601 3,037 4,147 '1,093 '2,364 ' 2,423 '4,287 11,753 8,618 3,135 13,186 8,223 4,963 Security markets (Standard and Poor's Uorp.): Bond prices: 2,528 2,527 20 2,476 2,126 43 3.27 1.96 2.99 1.97 2.62 Construction cost indexes: Federal Home Loan Bank Board:f Standard 6-room frame house: Combined index. 1935-39=100.. Materials ...do.. Labor , do. FINANCE W TRANSPORTATION 1942 July BUSINESS INDEXES FINANCE Federal Reserve banks, condition, end of mo.: Assets, total mil. of doL. 26, 953 Res; bank credit outstanding, total...-do..„. 4,959 4,667 United States securities do... Reserves, total do... 20,813 Gold,certificates _. . . . d o . . . 20^569 Liabilities, t o t a l s . do.-. 26,953 H 313 Deposits, total do Member bank reserve balances d o . . . 12, 735 Excess reserves (estimated) do... 2,644 11, 220 Federal Reserve notes in circulation do 81.5 Reserve ratio.. .____percent.Monetary statistics: Gold, monetary stocks, U. S mil. of dol— 22,740 14,224 Currency in-circulation, total do. Public finance (Federal): 92,904 Debt, gross, end of month do Public issues: 83,680 Interest bearing do 639 Noninterestr bearing-.... do.... Special issues to Government agencies and trust funds ,«.^_.mil. of doL-. 8,585 Obligations fully guaranteed by U, S. Gov't: Total amount outstandingcf t mil. of dol.~ 4,243 5,937 Expenditures, totalf. ..do 5,481 National defense* _ do 48 Agricultural adjustment program* do 35 Unemployment relief* do 56 Transfers to trust accountsf do 70 Interest on debt*. do. Debt retirements — __-do. <•). All other* do. 247 Receipts, total do. 648 Receipts, net*.. -.-.. •-„__•„•_do. 607 Customs. do.. 24 Internal revenue, total do 603 206 Income taxesf:..--. - . r , . : - . . . . J . . . —do 48 Social Security taxes do Security markets: Bonds: Prices, U. S. Treasuryf__dol. per $100 bond.. 109.5 Yields: 3.31 Domestic corporate (Moody's) percent-. By ratings: 2.80 Aaa .do 2.95 Aa,_..do 3.24 A-r---. -. ..do.... r-_ Baa—._V. ..--.»_.: --.. _ .do. v. . 4.24 By groups: 2.94 Industrials do 3.07 Public utilities—_ do.... 3.92 Rails.,,.__ do 2.05 U. S. Treasury bondst.... do Stocks: Cash div. payments and rates (Moody's): Total annual payments at current rates (600 companies).,. _ mil. of dol.. 1,645.97 Number of shares, adjusted millions.. 938.08 - Dividend rate per share (weighted average) 1.75 (600 companies)— dollars.. 2.81 Banks (21 companies) ...do... 1.70 Industrials (492 companies) ___do_.. 2.69 Insurance (21 companies) _.do__. 1.73 Public utilities (30 companies) do—. 1.85 Rails (36 companies)... ._ do... Prices: Dow-Jones <t Co., Inc. (65 stocks) 38.37 dol. per share. Industrials (30 stocks) do...' 113.51 13.35 Public utilities (15 stocks).....do... 28.65 Rails (20 stocks).._ _.V.:—...:.".._.do.:". 79.06 New York Times (50 stocks).... do... Industrials (25 stocks). :. ..do-_. 136.56 21.55 Raiiroads (25 stocks) __do._. Yields: 5.8 Common stocks (200), Moody's...percent. 5.0 Banks <15 stocks). _jdo._. 5.5 Industrials (125stocks).-. do... 4.4 Insurance (10stocks) — do... 7.2 Public utilities (25 stocks) do.... 7.0 Rails (25stocks).. , do... Freight-car loadings (A. A. R.):l Total cars _ Coal _ Coke. -..— Forest products. _ Grains and grain products Livestock Merchandise, 1. c. 1 Ore i Miscellaneous.. Freight-car surplus, total Boxcars Goal cars 1942 1941 SepSep. tember ;ember FOODSTUFFS 71.6 71.3 D a i r y products, production: B u t t e r , creamery (factory)t -thous. of lb_. AO, 130 Cheese, total ( f a c t o r y ) f . . . d o . _ . 86,100 Condensed and evaporated milk, case goods :t Condensed (sweetened). thous. of lb_. 8,589 226,695 Evaporated (unsweetened) _ do 1,449 Meats, production, total .mil. of lb_. Beef and veal thous. of lb_. 341,531 L a m b and m u t t o n . d o . ~ . 86,982 Pork, including l a r d . d o . . . . 720,437 Lardf.d o . . . 118,236 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 jof month: Total thous. of equlv. hides. In process and finished. „ , do... Raw _ do... METALS AND MANUFACTURES Pig iron and iron manufactures: Castings, malleable: Orders, new .short tons. Production do... Shipments _ do... Boilers, range, galvanized: Orders, new, net.. ...number of boilers. Orders, unfilled, end of month do... Production... _ do... Shipments. do... Stocks, end of month _ ....do.,. Barrels and drums, steel, heavy types: Orders, unfilled, end of month thousands. Production do... , Percent of capacity ... Shipments thousands Stocks, end of month .do.. STONE, CLAY, AND GLASS Glass containers: Production thous. of gross. Shipments, total. do.. Stocks, end of month do.. TEXTILE PRODUCTS Clothing, hosiery: Production thous. of dozen pairs Stocks, end of month. do.. Miscellaneous products: Pyroxylin-coated textiles (cotton fabrics): Orders, unfilled, end of mo.. thous. linear yd. Pyroxylin spread-. thous. of lb. Shipments, billed thous. linear yd. 70.6 71.0 68.8 65.4 11,622 ' 11,706 8,762 '8,678 2,860 '3,027 85,181 64,283 58,687 69,175 56,664 67,532 63,651 61,434 59,120 63,978 56,304 56,651 41,779 80,046 35,879 01,016 43,410 58,635 45,224 65,481 7,832 21,615. 22,955 34,672 40,131 40,935 '46,025 39,324 40,454 41,373 &&& 93.9 1,402 1,760 96.5 1,760 42 1,506 1,536 84.2 1,538 40 6,370 6,968 7,321 5,946 6,333 9,528 6,585 6,902 9,139 12,335 11,97^ 12,067 22,148 22,236 22,598 11,982 22,462 8,74' 7,097 8,017 4,686 4,275 4,734 1,704 1,838 100.7 8 1,492 11713 I 6,297 6,879 8,490 ^752 2,766 4,61' 4,937 4,430 4,530 d"The total includes guaranteed debentures of certain agencies not shown separ IDatafor October 1941, and August and October 1942,5 weeks; September, 4 weeks. U. S . GOVERNMENT PRINTING OFFlCEl
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