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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 13, 1941
SUMMARY OF BUSINESS TRENDS
ETAIL trade in October did not maintain the exceptionally
fast pace of the summer months. The Federal Reserve's
unadjusted index of department store sales dropped to 111
(1923-25 average^lOO) for October from 125 in September
(August 106). The adjusted index declined to 104 in October
from 116 in September, and 134 in August. The adjusted index
is now at about the level maintained during the first half of the
year, well above the 94 of October 1940.
The October drop in retail trade is largely the aftermath of
the anticipatory buying wave of the past few months. This
buying was in anticipation of: (1) price advances resulting, among
other things, from the excise tax levies effective October 1, (2)
from the inauguration of installment-buying regulations, and
(3) from the prospective curtailment of output of some products.
Reflected in the curtailed purchasing is resistance to increased
prices and possible shortage of certain types of goods. No real
decline in retail trade is expected so long as income payments
continue to expand.
Upward pressure of wholesale prices is more manifest. In the
last week of October, the weekly all-commodity price index rose
to)91.6 (1926=100), after having declined from 91.7 to 91.2 in
the preceding week. The fluctuation is largely due to a comparable movement in the prices of farm products and foods.
During this period, other important price groups, such as hides
and leather products, textiles, metals and metal products, build-
R
ing materials, chemicals, and housefurnishings maintained their
high level or continued to advance.
Reports on foreign trade show some decline in September from
the high volume in August. The value of total exports decreased
from $455 million in August to $417 million in September. The
value of experts in September was 41 percent larger than in
September 1940, and 55 percent above the average for the 5-year
period 193G-40. United States exports increased from $2",962
million in the first 9 months of 1940 to $3,237 million in the
corresponding period of 1941. Manufactured articles constituted
68 percent of total domestic exports in the first 9 months of 1941,
compared to 57 percent in the same period of 1940.
Shipments of foodstuffs have increased steadily since the enactment of the Lend-Lease Act in March. The value of agricultural
products exported in September was more than three times as
large as in September 1940.
Imports for consumption were off from $274 million in August
to $265 million in September, but they were 35 percent above
this month last year. More than 70 percent of these imports in
September consisted of crude materials and semimanufactures.
Increases in these types of imports accounted largely for the rise
of almost 25 percent in the import total from $1,872 million in the
first 9 months of 1940 to $2,316 million for the first 9 months of
this year.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
ELECTRIC POWER PRODUCTION
FREIGHT-CARLOADINGS
(PERCENT OF CAPACITY)
(BILLIONS OF KILOWATT HOURS)
(THOUSANDS OF CARS)
120
100
80
60
—<
40
20
^1939 ^
-
i
AUTOMOBILE PRODUCTION
BITUMINOUS COAL PRODUCTION
(THOUSANDS OF VEHICLES)
(DAILY AVERAGE-THOUSANDS OF TONS)
MISCELLANEOUS CAR LOADINGS
(THOUSANDS OF CARS)
1941
IS*
V
l
200
WEEKLY WHOLESALE PRICE INDEX, ALL COMMODITIES
(1926- 100)
100
95
.
(1935-39 • 100)
no
too
90
WEDNESDAY CLOSE
—w
90
A.
85
1 * 1
30
80 •v.
70
75
70
>
PRICES OF 354 INDUSTRIAL STOCKS
1 , , ( , , ,,!,, 1
- i h i
t i l i i
l,,l
60
., 1 , ,
EXPORTS OF U.S. MERCHANDISE
1 ,
•
1 , ,
,. i , , 1
.. t . . I .
DEPARTMENT STORE SALES
(.MILLIONS OF DOLLARS )
(SEASONALLY ADJUSTED 1923-25•100)
500
MONTHLY DATA
A
A
—A«
1938
434776-41
1939
1940
1941
.
1938
1,,i. , . .1 , » 1., 1 ..
1940
1939
. . 1.. 1.. 1..
1941
WEEKLY BUSINESS INDICATORS*
[Weekly average, 1923-25=100, except as indicated]
1941
1941
1939
1940
1940
1939
Nov. Nov. Oct. Oct. Oct. Nov. Nov. Nov. Nov.
2
11
4
8
1
25 18 11
Nov. Nov. Oct. Oct. Oct. Nov. Nov. Nov. Nov.
2
11
4
8
1
25 18 11
Finance—Continued.
Business activity:!
Stock pricesj
127. fi 126.9 126.2 126.5 116.2 113.6 113.1 110.2
New York Ttmes§
87.5
89.1 91.5 100.9 100.2 111.5 113.6
Banking:
139.5 139.5 139.5 138.2 119.5 118.8 115.4 112.7
Barron's
Debits, outside N. Y. C.?.___ 137.0 124.4 151.5 124.4 119.7 114.9 100.8 88.5 100.0
159.9 159.4 159.2 159.3 140.1 133.0 123. 5 122.0
Business WeekA
Fcderal Reserve reporting
Commodity prices, wholesale:
member banks:
Dept. of Labor:
79.3 79.3
Loans, total
91.6 91.2 91.7 91.6 78.8
89.7 90.0 88.6 72.1 71.3 68.2 68.2
Combined index, 1926-100...
67.8 67.5
Interest rates:
89.5 88.1 89.8 90.5 67.2
Farm products.
_
24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2
89.2 71.7 70.8 72.4
87.5
Call loans?.
Food
84.4 84.4
28.6 28.6 28.6 28.6 2S.6 28.6 28.6 28.6 28.6
83.9
93.1 93.0
Time loans?
All other
214.7 212.8 211.8 211.7 211.0 172.7 170. S 152.5 151.8
115.3 113.6 120.5 121.3
Currency in circulation?
28 basic commoditiesO
154.0
Production:
Fisher's index, 1926=100:
83.9 84.0
116. S 108.9 100.6 157.0 150.2 109,i. 6 105.2
Automobiles
.....
98.6 98.3 97.' 98.3 98.4 83.7
Combined index
8 107.2 109.1 95.8 84.8 107. S 103.6
85.5 85.5 85.5 89.1 89.1
Bituminous coal?
.
85.5 85.5 85.5 85.
Copper, electrolytic?
151.3 159.4 154.
. 0 125.9
64.3 37.1 36.0 36.8 35.3
62.9 63.!
Cotton consumptionf
--63.
Cotton, middling, spot
i. 2 135.3
54.9 153.7
156.8 154.9
Electric powerd1
109.7
Construction contracts?
...
54.3
61.1 67.8 64.0 63.8
Lumber
Distribution:
203.1 201.9 203.3 203.9 201.9 177.7 172.6 188.3 173.6
Petroleum?.
93.9 95.9 96.9 94.9 81.7 83.4 82.0 84.1
Carloadings
.
Steel ingots®
_._
_ 176.9 179.9 176.1 177.2 176.7 164.6 164.1 158.9 156.3
11
116 123
122
130
131
130
137
Department store sales*
Receipts, primary markets:
114.8
Employment, Detroit, factory
120.:
118.1 ISO. 4 178.5 172.7 160.4 160.4 226.9 185.8 215.4
Cotton.
.
Finance:
53.4 67.9 82.3 88.1 102.7 31.2 45.6 31.4 41.2
Wheat.
56.5 56.7 56.8 56.8 56.8 59.4 59.8 64.3 65.0
Bond yields?
-.
• Data do not cover calendar weeks in all cases.
^Seasonally adjusted.
JDaily average.
& Weekly average, 1935-39=100.
{Computed normals 100. Index revised beginning Jan. 8,1938; revised data not given in the issue of Jan. 23,1941, and subsequent issues will be shown later.
ARevised beginning Jan. 4, 1941.
tRevised seasonally adjusted index on 1935-39 baso compiled by the N. Y. Cotton Exchange.
©Thursday prices, August 1939=100.
0Index for week ended Nov. 15 is 174.0. Data for 1941 are based on production of steel ingots and steel for castings.
* 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*
1940
1941
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York?..
dol. per lb._
Cotton, middling, spot, New York
do
Food index (Dun & Bradstreet)
_
do
Iron and 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 fully guaranteed by U. S. Government
.mil. of doL.
Loans, total §
do
Commerc'l, indust'l, and agricult'l loans §~do__
Interest rates, call loans X
percent..
Interest rates, time loans ?
do..
Exchange rates: Pound sterling X
--dollars..
Failures, commercial
-..number-.
Currency in circulation X
- --mil. of dol..
Security markets:
Bond sales (N. Y. S. E.)
thous. of dol. par value..
Bond yields (Moodft) (120 bonds)?.
.percent..
Stock sales (N. Y. S. E.)~—
thous. of shares..
Stock prices (N. Y. Times)t
dol. per share..
Stock prices (Stand, and Poor's) (402)1.. 1935-39=100..
Industrials (354)
do....
Public utilities (28)
do....
Railroads (20)
do....
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles (Ward's)
number.
Bituminous coal J
thous. of short tons.
Electric power A
.mil. of kw.-hr_
Petroleum t
_
thous. of bbl.
Steel ingots©
pet. of capacity.
Construction contract awards JL
tbous. of dol.
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 calvesf.
thousands..
Hogsf
_
...do
Cotton into sight
..thous. of bales..
Wheat, at primary markets
...thous. of bu..
1939
193S
Nov. 8
Nov. 1
Oct. 25
Oct. 18
Oct. 11
Nov. 9
Nov. 2
Nov. 11
0.118
.172
3.28
38.15
1.13
0.118
.171
3.28
38.15
1.12
0.118
.172
3.26
38.15
1.13
0.118
.170
3.29
38.15
1.10
0.118
.175
3.32
38.15
1.13
0.11$
.101
2.39
38.06
.82
0.118
.098
2.34
38.06
.81
0.123
.100
2.43
37.53
.87
0.123
.096
2.43
37.62
.85
0.110
.092
2.40
36.29
.64
0.110
.089
2.38
36.56
.64
4,399
6,355
4,330
5,769
4,758
7,024
3,865
5,763
3,706
5,548
3,802
4,632
3,581
4,674
2,739
4,106
4,123
4,638
2,565
3,522
4,145
4,490
2,247
2,184
12,594
3,409
2,250
2,184
12,632
4,602
2,291
2,184
12,749
4,655
2,313
2,184
13, 321
5,234
2,265
2,184
13,290
5,209
2,362
2,327
13,979
6,732
2,381
2,333
14,177
2,721
2,687
11,749
5,354
2,765
2,721
11,814
5,376
2,569
2,564
8,546
3,132
2,582
2,564
23,876
5,452
18,285
11,683
24,258
5,440
18,379
11,318
24,382
5,439
18,406
11,310
24,640
5,436
18,141
11,043
24,400
5,444
18,056
10,985
21,592
5,383
15,721
9,410
21,858
5,349
15,693
9,374
18,660
5,250
14, 314
8,720
18,556
5,249
14,207
8,684
15,711
5,137
13,037
8,141
15,766
5,155
13,081
8,132
2,923
11,238
6,573
1.00
1.25
-4.034
196
10,424
3,330
11,203
6,554
1.00
1.25
•4.033
187
10,335
11,212
6,556
1.00
1.25
• 4.033
178
10,285
3,334
11,244
1.00
1.25
•4.033
178
10,280
3,322
11,076
6,501
1.00
1.25
• 4.033
210
10,247
9,008
4,827
1.00
1.25
•4.036
256
8,385
2,627
8,909
4,773
1.00
1.25
•4.034
262
8,296
2,250
8,521
4,330
1.00
1.25
3.8S2
269
7,404
2,232
8,521
4,310
1.00
1.25
3.992
318
7,370
1,679
8,327
3,897
1.00
1.25
4.748
1,686
8,327
3,892
L.00
1.25
4.757
6,757
6,720
38,140
3.26
3,181
85.02
79.3
80.4
76.4
71.7
36,500
3.27
3,023
85.56
79.0
80.1
76.7
69.3
46,190
3.28
3,197
86.93
79.5
SO. 6
77.6
69.5
29,460
3.28
2,726
S6.57
79.6
80.6
78.4
70.1
39,130
3.28
2,960
88.86
81.4
82.5
79.5
71.2
38,940
3.43
7,388
98.00
85.9
85.4
93.0
72.7
33,580
3.45
4,801
97.35
86.8
86.2
95.1
73.2
27,980
3.71
4,624
108.29
99.7
100.5
102.1
83.6
37,830
3.75
6,530
110.35
100.2
101.2
101.4
85.1
36,030
3.96
8,043
109,25
103.7
106.5
97.2
84.4
40,120
3.98
5,854
106.10
99.5
102.1
94.9
78.8
4,096
98.2
92,879
1,750
3,339
4,071
99.9
91,855
1,818
3,299
4,099
97.8
85,600
1,825
3,273
4,111
98.4
79,065
1,858
3,315
4,071
98.1
123,448
1,632
2,858
3,584
96.0
118,092
1,444
2,882
3,480
95.7
17,616
86,200
1,835
2,589
3.797
92.5
1,764
2,609
3,501
91.0
86,094
1,482
2,277
3,243
61.0
11,747
75,830
1,372
2,271
3,629
56.8
894,739
175,051
44,472
35,852
19,821
158,921
59,378
401,244
913,605
178,360
45,917
35,083
20,378
159,828
68,455
405,584
922,884
180,655
46,317
37,564
22,805
159,285
68,808
407,450
903,877
184,853
44,832
36,553
20,226
160,718
64,096
392,599
778,318
140,900
38,799
33,815
16,576
156,337
55,604
330,287
794,797
137,655
40,872
35,592
19,830
155,303
62,042
343,503
781,588
162,699
35,823
37,697
17,650
156,816
55,876
315,027
801,108
167,115
37,380
37,530
19,809
159,160
56,976
323,138
636,446
672,967
134,330
284
297
469
5,400
286
264
404
6.547
316
316
449
7,012
278
265
417
8,168
214
341
417
2,478
373
590
3,628
483
2,495
560
3,280
349
3,616
22,045
307
4,245
Nov. 4
Nov. 12
134,159
26,843
32,003
18,061
152,202
16,7S0
256,398
JDaily average. *Data do not cover calendar weeks in all cases. tt Free rate. J Revised series. Earlier weekly data will be shown in a subsequent issue.
$Data for 1938 not strictly comparable with data for later years; see note on corresponding data shown on p. 51 of the 1940 Supplement.
®Rate for week ended Nov. 15 is 96.6; data beginning with July 1941 are based on estimated capacity as of June 30,1941, of 86,148,700 tons.
fReceipts at Buffalo and Cincinnati are now included and receipts at Oklahoma City and Wichita, formerly included, are omitted.
AData revised beginning in the June 19,1941 issue to include certain additional governmental and Industrial power generation not previously reported.
Nov. 5
3,217
39,460
19,152
157,834
23,496
270,357
456
5,051
MONTHLY BUSINESS STATISTICS
1941
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
DOMESTIC TRADE
Receipts, postal:
50 selected cities-thous. of dol.
50 industrial cities.
__
_do__.
Retail trade:
Department stores:
Sales, total U. S., unadjusted.. 1923-25=100,
Atlantaf
1935-39-100.
Boston
1923-25=100.
Chicagof-l
1935-39=100.
Cleveland
1923-25=100.
Dallas
_....do...
Kansas City__
1925-100.
Minneapolis!
1935-39-100.
New York.
1923-25-100.
Philadelphia
do.,.
Richmond
do...
St. Louis
do,..
Sales, total U. S.f adjusted!
do...
Atlantat
1935-39-100.
Chieaeotdo. _
Cleveland
1923-25=100.
Dallas
do.._
Minneapolis!
.1935-39=100.
New York..__:_„_
.1923-25=100.
Philadelphia..
do...
St. Louis..
do...
Mail-order and store sales:
Total sales, 2 companies
thous. of dol.
Montgomery Ward & Co
do—
Sears Roebuck & Co
do...
1940
1941
1941
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
October October
35,234
4,194
30,442
3,712
33,087
3,948
106
144
82
122
120
128
106
127
100
80
139
106
134
163
154
145
166
145
134
'125
'158
'100
*146
M30
'151
"119
M06
M10
M17
* 97
"79
101
125
91
112
97
111
95
127
108
87
149
101
94
112
107
94
99
106
95
75
164,394
68,138
96,256
36,948
4,424
97
M24
P107
P140
"111
*>92
167
FINANCE
Banking:
Bank debits, total (141 cities), .--mil. of dol.. 46,463
19,148
New York City
,
do
27,315
Outside New York City...
do
Federal Reserve Banks, condition, end of mo.:
Assets, total
mil. of dol._ 24,211
Reserve bank credit outstanding, total
2,309
mil. of dol..
0
Bills bought
do
6
Bills discounted
-do
2,184
United States securities
do
20,841
Reserves, total
_
do
20,572
Gold certificates
do
Liabilities, total
_
d o . . . . 24,211
Deposits, total
d o . . . . 15,466
12,580
Member bank reserve balances—do
4,557
Excess reserves (estimated)
do
7,432
Federal Reserve notes in circulation .do
91.0
Reserve ratio.percentMonetary statistics:
Foreign exchange rates:
Argentina
dol. per paper peso..
.061
Brazil, official
dol. per milreis..
.302
British India..dol. per rupee..
.888
Canada
dol. per Canadian dol-,.
.570
Colombia
dol. per peso.,
.206
Mexico.
do
4.033
United Kingdom
dol. per £ . .
Gold, monetary stock, U. S.
mil. of dol.. p 22,799
P 10,363
Currency in circulation, total.
do
Public finance (Federal):
Debt, gross, end of month
mil. of dol.. 53,584
Public issues:
46,377
Interest bearing
do
544
Noninterest bearing
.do
Special issues to government agencies and
6X664
trust funds
mil. of dol..
-ObllgattonsTulty guaranteed by TJ. s.~ Govt.l
6,938
Total amount outstanding
mil of doL_
Expenditures, totalt
thous. of dol..
...
__. do.
1,527,001
National defense*
Agricultural adjustment program*. ..do
57,865
Unemployment relief*...
do
109,414
Transfers to trust accountst
do
45,010
Interest on debt*
do
74,604
Debt retirements.._
do
6,710
All other*
d o . . . . 268,731
Receipts, total
do
488,758
Receipts, net*
d o , . . . 445,293
Customs
do
34,040
Internal revenue, total
d o — 431,294
Income taxesf
do
68,308
Social security taxes
do.... 48,910
Security markets:
••114
'142
••125
*94
'153
'128
'116
M46
P132
107
141
'124
'136
'124
1-120
»94
'120
[33,857
56,937
76,920
145,519
57,803
87,716
145,495
59,780
85,714
36,317
14,952
18,267
39,102
15,079
24,023
39,964
15,654
24,31U
22,865
23,833
24,026
2,412
0
4
2,333
19,632
19,289
22, S65
16,218
14,208
6,960
5,577
90.1
2,275
0
11
2,184
20,571
20,314
23,833
15,521
12,794
4,796
7,080
91.0
2,264
0
11
2,184
20,712
20,461
24,026
15.489
13,227
5,169
7,234
91.2
.061
.302
.863
.570
.203
4.033
21,506
8,300
.061
.301
.890
.570
.205
4.032
22,719
9,995
.29S
.061
.301
.891
.570
.205
4.033
22,761
10,163
44,140
50,921
51,346
38,462 43,901
550
. 577
5,102_
44,133
556
5,810
570,241
297,356
95,920
144,990
6,882
73,241
1,244
250,607
365,351
333,258
29,371
318,578
44.C39
37,614
—
6,937
1,563,712
1,124,095
26,764
105, 707
14,311
8,556
34,223
250,054
553,833
396,510
34,511
500,189
&S, 674
172.696
6,937
1,882,011
1,319,955
32,456
108,493
6,200
169,359
7,951
237,599
1,136,079
1,134,914
36,114
1.076,506
779,917
37,197
1940
1941
October October August
TRANSPORTATION AND COMMUNICATIONS
Class I steam railways:
Freight carloadings (Fed. Res. indexes) :f
144
125
Combined index, unadj
1935-39^100
127
110
Combined index, adjusted
do
121
91
Coal...
_
do.
149
175
Coke
do
128
140
Forest products
do
100
97
Grains and grain products
..do
95
Livestock
do.
97
Merchandise, 1. c. 1
do.
178
181
Ore
_
do.
116
133
Miscellaneous
do
42
Freight-car surplus, total.
thousands..
18
Box cars
__.do.
10
Coalcars.
..do.
FUELS AND BYPRODUCTS
Coal production:
4,355
5,382
Anthracite
thous. of short tons
49,800 38, 700
Bituminous
do.
TRANSPORTATION EQUIPMENT
Automobiles:
Sales (General Motors Corporation):
World sales:
By U. S. and Canadian plants.number.. 179,120 226,169
United States sales:
To dealers
do.
162,543 207,934
To consumers..
do.
103,854 186,016
SepSeptember tember
FINANCE
Security markets:
Bonds:
Prices, (Standard and Poor's Corporation):
Composite (00 bonds)..dol. per $100 bond-.
Industrials (20 bonds)
..do.,..
Public utilities (20 bonds)
....do....
Rails (20 bonds)
do....
131.2
Domestic municipals (15 bonds)
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
thous. of dol-. 105, SOS
177,029
Faee value...
do
On New York Stock Exchange:
89,563
Market value
do
155,537
Face value...
do
Yields (Standard and Poor's Corporation):
Domestic municipals (15 bonds) ..percent
Stocks:
Prices (Standard and Poor's Corporation) :t
Combined index (402 stocks). 1935-39=100., 83.6
84.8
Industrials (354 stocks)..do
87.8
Capital goods (116 stocks)—
do
82.9
Consumer's goods (191 stocks)...do
81.3
Public utilities (2S stocks).
do—
72.6
Rails (20 stocks)
do—
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value..
thous. of dol— 512,750
Shares sold
thousands-. 24,682
On New York Stock Exchange:
Market value
thous. of dol.. 426,839
Sharessold
thousands-- 18,021
FOREIGN TRADE ~~
Exports, indexes:
110
Total: Value, unadjusted
1923-25=100105
Valuc, adjusted
do
Imports, Indexes:
81
Total: Value, unadjusted
do
86
Value, adjusted
...do
Exports, value:
Total, including reexports
thous. of doL. 417,139
406,057
U. S. merchandise, total
do
39,813
Crude materials.
do
15,052
Cotton, unmanufactured
do
51,099
Foodstuffs, total
—
do.
10,380
Crude foodstuffs
--do
40,719
Mfd. foodstuffs and beverages
_do
5,952
Fruits and preparations
do
16,302
Meats and fats
..do
4,609
Wheat and
flour.
..do
Semimanufactures
d o — 61,296
253,849
Finished manufactures
do
22,520
Autos and parts
-do
7,915
Gasoline
-do.
54,208
Machinery
do.
By individual commodities:
Automobiles assembled, total
number, . 15,678
2,279
Passenger cars
do.
13,399
Trucks
do.
Coal:
404
Anthracite;
thous. of long tons-2.3S3
Bituminous
-do
Coke..
.-do.
Copper, renned.and mfrs
short tons- 10,198
82.7
87.8
100.6
59.7
122.3
be
g
140
139
158
199
152
103
84
99
155
141
47
19
11
145
130
133
176
138
111
84
97
149
135
41
15
10
5,246
45,650
'5,143
'46,880
29,268
89,300
19,690
84,969
81,169
52,829
July
August
86.3
91.1
101.0
66.6
130.4
86.0
91.0
101.2
65.9
131.0
94,701
L48,956
116,272 87,766
222,973 160,891
78,398
[29,205
98,274
201,056
74,506
144,101
2.03
2.00
83.2
84.2
88.4
80.2
81.8
73.8
83.2
84.3
88.0
81.2
81.0
74.4
85.5
84.6
87.8
87.8
94.7
71.6
472,742
20,728
611,464 415,088
29,073 22,087
406,925 522,475 346,227
16,206 22,226 15,858
78
74
94
107
120
130
60
63
.86
93
87
91
295,245
238,270
22,724
5,138
15,331
4,974
10,357
1,813
1,729
2,153
78,575
171,639
15,735
5,690
52,658
358,649 455,257
348,890 438,264
29,824 30,393
5,843
4,516
45,763 42,264
7,291
6,758
38,472 35,506
3,554
3,240
17,324 15,899
3,054
2,048
53,279 67,587
220,025 298,019
17,522 25,306
5,213
3,244
45,510 64,438
Prices (U. S. Treasury bonds)t..-.dollars..
112.0
108.8
111.1
111.1
Yields:
Moody's:
Domestic corporate.
...percent..
3.27
3.46
3.29
3.30
By ratings:
Aaa
do.—
2.73
2.79
2.74
2.75
5,753 12,975 20,616
Aa. .
do
2.87
3.01
2.90
2.91
6,706
2,591 6,958
A
_do—
3.21
3.48
3.24
3.24
3,162
6,017 13,910
Baa
_
do....
4.28
4.56
4.27
4.30
By groups:
304
221
223
Industrials..
do.—
2.85
3.06
2.90
2.88
2,325
1,488 1,973
Public utilities
....do.—
3.05
3.18
3.06
3.07
61
79
61
Rails do
3.93
4.15
3.92
3.95
10,589
15,658 11,077
U. S. Treasury bonds.
do....
1.88
2.10
1.94
1.94
•Data for August are the latest available.
^Preliminary.
*• Revised.
•New series. See note on corresponding item in the October 1941 SURVEY.
tRevlsed series. Earlier data for revised indexes of stock prices will be shown in a subsequent Issue of the SURVEY. For .other Indicated series se^ nota on corresponding
item in the October 1941 SUBVEY.
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
1940
SepSeptember tember
FOREIGN TRADE—Continued
Exports, by individual commodities—Con.
Cotton (excluding linters)
..bales. 189,215 90,555
Cotton cloth
-thous. of sq. yd_ 46,985 24,413
Fertilizers, total
long tons. 136, 503 144,348
Nitrogenous
do... 13,196 29,729
Phosphate materials
do._. 105,919 100,713
Prepared fertilizers
_
do™
536
2,879
Gold—
thous. of dol_
13
5
Grains, inel. flour and meal
thous. of bu.
5,789
9,116
Corn, including meal
do...
2,372
2,834
Wheat, including
flour
do
3,044
5,767
Wheat only
do,.,. 3,771
988
Wheat
flour
thous. of bbL
425
437
Kerosene
—do...
173
295
Leather, sole
thous. oflb.
18
1,36S
Leather, upper
thous. of sq. ft.
1,971
3,346
Lumber, total sawmill products . . . M bd. ft. 61,163 89,940
Sawed timber
do...
7,2.50 12,271
Boards, planks, scantlings, etc
do... 34,090 69,356
Meats, total
..thous. of lb. 97,285 16,237
Beef and veal
do...
1,280
3,181
Pork, including lard
.do... 97,285 13,854
Lard.
do__. 46,976
9,956
Methanol, refined
.gallons.
9,340 198,332
Milk:
Condensed (sweetened)
thous. of lb.
3,402
6,300
Evaporated (unsweetened).
do
45,875 16,017
Powdered
...
do.... 4,155
796
Motor fuel
thous. of bbl..
1,844
Silver...
thous. of dol..
139
348
Sugar, refined..
long tons.. 10,253
7,420
Tobacco, unmanufactured
thous. of lb.. 23,380
7,644
Vegetable oils, total
--do
9,680
7,428
Wood pulp, total, all grades
short tons.. 13,828 32,256
Imports, value:
General imports, total.
.thous. of dol. 262,680 194,928
Imports for consumption, total
do... 265,162 196,312
Crude materials
.*.
. . d o . . . 117,024 80,113
Crude foodstuffs.__
do... 16,992 18,098
Mfd. foodstuffs and beverages
.do..., 25,499 19,026
Semimanufactures
do
70,257 46,510
Finished manufactures
do
35,389 32,565
By individual commodities:
Aluminum (bauxite)
_
long tons.. 86,462 46,850
Cheese
thous. of lb__ 1,464
1,534
Cocoa
long tons.. 24,257 24,935
Coconut oil
..thous. of lb_. 44,695 21,684
Coffee
thous. of bags. .
994
72
Copper, total
,
..—
short tons.. 70,581 40,710
For smelting, refining, and exports...do
15,546 27,498
Copra
_
-do
33,766 11,980
Cotton (excluding linters)
bales.. 25,413 '3,992
Cotton cloth
thous. of sq. yds.. 5.535 6,919
Fertilizers, total
long tons.. 118,139 71,038
Nitrogenous, total..
.
do
108,759 61,456
Nitrate of soda
do
67,594 370,610
Phosphates
do.
364
780
Potash
do.
7,787
5,951
Flaxseed
thous. of bu.. 1,853
24
Gold..—..
thous. of dol.. 65,707 334,113
Hides and skins, total
thous. oflb.. 48,944 28,111
Calf and kip skins
do.
1,253
1,815
Cattle hides
do.
34,023 16,170
Goatskins
do
3,661
5,463
Sheep and lamb skins...
do
5,458
5,096
Iron ore
thous. of long tons..
164
206
Lead, total, except manufactures (lead content)
short tons
65,519 10,739
Lumber, total sawmill prod
M bd. ft.. 152,190 71,374
Manganese ore (manganese content)
thous. of long tons..
49
62
Newsprint
short tons.. 212,570 239,679
Petroleum, crude
thous. of bbl. _ 4,790
4,059
Rayon
,
thnus. of lb.. 42,959 23,557
Rubber, crude, inch latex
long tons_. 83,151 78,972
Silk, raw
thous. oflb.. 1,003
3,739
Silver
.. thous. of doL. 3,356 4,656
Tea
thous. of lb_. 6,915
7,783
Tin, bars, blocks, etc...
long tons.. 12,1P6 14,604
Tobacco, unmanufactured
thous. of lb.. 7,451
6,230
Vegetable oils, total...
. d o . . . . 93,221 57,977
Paint oils
.do
2,745
1,114
All other vegetable oils
do
55,232
92,107
Wood pulp, total, all grades
short tons.. 08,027 65. 554
Sulphate, total
do
14,530 11,253
"Unbleached.
do
7,062
9,757
Sulphite, total
do
65,158 40,18S
Bleached
do
32,524 21,247
Unbleached
do
32,634 18,941
Groundwood
do
16,804 13,1S7
Wool, unmanufactured-,t
thous. oflb.. 61.65S 21,831
1941
July
August
61,110
41,194
164,695
15,675
141,557
201
13
4,042
1,370
2,413
30
507
95
11
4,363
84,272
7,557
67,635
105,774
5,473
80,005
53,819
21,605
34,967
49,576
295,885
17,783
270,646
407
6
5,037
1,211
3,137
769
504
52
24
4,889
61,793
11,371
46,586
91,063
4,029
70,508
44,634
7,545
7,111
60,153
6,336
1,212
353
2,482
26, 793
4,729
35,3S7
8,865
40,687
2,760
1,355
207
7,232
20,975
7,185
19,378
277,847
264,685
119,260
22,886
24,320
62,248
35,971
282,513
273,898
126,480
24,472
22,975
63,989
35,982
95,794
2,094
25,218
30,973
591
69,838
16,470
17,259
17,243
4,275
33,638
32,591
16,350
25
3
1/051
37,055
50,686
1,205
32,471
6,072
9,180
196
90,960
1,758
16,841
46,369
444
71,153
13,373
25,487
43,322
3,075
69,096
67,406
32,148
457
20
1,139
36,979
61,899
2,083
38,419
6,092
12,761
223
22,160
135,018
47,891
178,887
33
247,103
4,657
575,530
97,081
2,347
4,689
10.(579
14,765
6,042
69,615
8,557
61,058
90,501
11,858
7,7£9
57.369
28,930
28,439
20,149
72,003
65
254,895
4,319
228,185
106,540
332
3,5*1
7,766
11,575
5,725
94,750
1,519
93,237
109,831
15.255
10,552
75,111
38,055
37,056
17,626
63,010
85,446
05,503
47,402
10,035
06,315
493,674
410,213
40.773
313,843
111,318
TRANSPORTATION
Financial operations (Class I steam railways):
Operating revenues, total
.thous. of dol._
Freight
do
Passenger...
do....
Operating expenses.
..do
Net railway operating income
do
88,979 ^382,715
11,241 316.148
43,521 36,094
12,287 260,240
01,050 74,715
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
TRANSPORTATION—Continued
Waterway traffic:
Clearances, vessels in foreign trade:
Total 17. S. ports
thous. of net tons.
Foreign...
do
United States
__
do....
1940
SepSeptember tember
6,011
3,978
2,033
5,405
3,727
1,678
1941
July
6,716
4,5S4
2,132
August
6,646
4,418
2,229
CHEMICALS AND ALLIED PRODUCTS
Vegetable oils and products:
Oleomargarine:
Consumption (tax-pd. withd'Is)-thous. oflb.. 33,095 25,719 25,909
Production
_
do
33,124 26,542 27,365
Cellulose plastic products:
Nitro-cellulose, sheets, rods, and tubes:
229
280
Consumption
thous. oflb..
284
1,479 1,093 1,309
Production
do
1,565 1,113 1,353
Shipments
do
Cellulose-acetate sheets, rods, and tubes:
19
Consumption.
do
14
Production,....
_
_
do
507
826
585
Shipments...1.
do
541
755
622
Moulding composition:
2,991 1,709 2,467
Production
do
2,813 1,501 2,346
Shipments...
do
25,174
24,803
243
1,437
1,510
17
573
580
2,670
2,506
FUELS AND BYPRODUCTS
Bituminous coal:
Industrial coasumption, total
thous. of short tons.. 32,008 26,783 31,510 32,400
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons.. 57,092 51,122 47,051 52,801
48,142 42,122 40,451 • 45,011
Industrial, total
do
7,790
Retail dealers, total
do
8,950 9,000 6,600
LEATHER AND PRODUCTS
Leather manufactures:
Production, boots, shoes, and slippers:
Total
_
thous. of pairs..
Athletic
do....
All fabric (satin, canvas, etc.)
do
Part fabric and part leather
do
High and low cut, leather, total
.do
Boys' and youths'
...do
Infants'
do
Misses'and children's
do
Men'st
--.
do
Women's
do
Slippers and moccasins for bousewear. do
All other footweai
.do
43,376 35,092 44,794 -44,985
506
513
3S0
509
225
316
309
258
'816
479
684
935
35,270 28,310 37,850 '37,459
1,810 1.3G6 1,825 '1,696
2,372 1.808 2,50S ' 2,45S
4,021 3,399 4,256 '4,048
U,7f>9 8,687 11,493 '11,577
15,298 13,051 17,* 69 ' 17,671
5,919 5,419 4,824
5,538
433
6i4
189
METALS AND MANUFACTURES
NonfeiTous metals:
Lead:
Ore:
Receipts, lend content of domestic ore
short tons.Refined:
Production from domestic ore
do
Shipments (reported)
do
Stocks, end of month
.
do
TEXTILE PRODUCTS
Clothing:
Hosiery:
Production
thous. of dozen pairs..
Stocks, end of month
do
Cotton:
Stocks, domestic cotton in the United States,
total
thous. of bales..
On farms and in transit
do
Warehouses...
do
Mills
do....
Wool:
Consumption (scoured basis) :§
Apparel class..
thous. of ibs_.
Carpet class
do
Machinery activity (weekly average) :§
Looms:
Woolen and worsted:
Broad..
.thous. of active hours..
Narrow
_
..do
Carpet and rug
.do
Spinning spindles:
Woolen
_
do
Worsted
.do
Stocks, scoured basis, end of quarter, total
thous. oflb..
Woolen wools, total
..do
Domestic
.do
Foreign
do
Worsted wools, total
do....
Domestic
do....
Foreign...
do
Pyroxylin-coated textiles (cotton fabrics):
Orders, unfilled, end of mo. thous. linear yd..
Pyroxylin spread
thous. oflb..
Shipments, billed
thous. linear yd..
' Revised.
1 Data for 1941 include a small number of pairs of shoes other than men's leather (misses, athletic, etc.), made for Government contract.
§ Data for July 1941 are for 5 weeks; other months, 4 weeks.
1941
38,259 35,916
41,373 41,528
47,093 53,456
13,148 41,292
36,464
38,228
42,048
54,067
19,172
39,100
55,005
15,330
11, M9
22,107
11,257 12,897
24,258 26,192
11,495
23,904
20,992
7,990
11,453
1,549
21,325 12,031
9,890
590
10,703 9,610
732 1,801
21,628
10,774
9,233
1,621
42,856
10,120
28,609
7,941
46,750
11,320
39,824
11,144
2,537
91
240
1,744
60
177
2,418
82
213
2,602
91
251
113,468
123,512
83,721 107,592 118,533
87,902 117,393 125,902
188,493
62,445
34,765
27,680
27,546
41,338
29,450
11,888
8,747
6,874
7,800
2,860
5,128
5,106
25,652 86,208
57,334 57,219
68,318
8,070
6,473
7,493
10,038
' 7,142
'7,703
@FedFRASER