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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 5, 1942 SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION (BILLIONS OF KILOWATT HOURS) (1935-59- 100) CRUDE OIL R U N S - T O - S T I L L S (MILLIONS OF BARRELS- DAILY AVERAGE) b.O 45 4.0 /t94S > ^* v * 194 t-y -. 3.5 i ?S zoo INCOME PAYMENTS (SEASONALLY ADJUSTED 1935-39-100) . , 1 i . . i , , FACTORY EMPLOYMENT AND PAYROLLS (1923-25- 100) MONTHLY DATA 180 160 140 120 - ' 100 80 , . 1 , . 1 . , 1 . . . . 1 , . 1 , , 1 . . . , 1 , , 1 , . 1 , . 1939 , , 1 , , 1, . 1.. 1942 1940 1940 WEEKLY BUSINESS STATISTICS 1943 1941 1942 1941 Oct. 31 Oct. 24 Oct. 17 Nov. 1 Oct. 25 Oct. 31 Oct. 24 Oct. 17 Nov. 1 Oct. 25 Commodity prices, wholesale: Finance—Continued. AH commodities * 1926=100.. Federal Reserve reporting member banks: 91.2 91.6 Farm products _ _ do. Deposits, demand, adjusted..mil. of dol— 28,639 28,431 28,183 88.1 108.7 107.9 89.5 Food... .do. 37,549 37,714 35,908 Loans and investments, total do 87.5 103.1 103.1 88.2 All other.. _.do. 23,786 23,931 22,149 93.0 93.1 "95.6 P 9 5 . 6 U. S. Govt. obligations^1 .do 28 basic commodities©.. .August 1939=100. _ 169.4 170.0 169.7 153.2 152.2 Commercial, industrial, and agriculCotton, mid., i$f«, 10 mkts.t dol. per 1b .163 .162 .190 .189 .190 tural loans. mil. of dol.. 6,316 6,347 6,353 Wheat, No. 2, hd. win. (K. C.).dol. per bu 132 158 1.13 145 1.12 1.20 1.20 Failures, commercial number... 130 Department store sales 1935-39=100.. 133 152 153 Bond yields (Moodu's)t percent.. 3.31 3.31 3.30 Finance: Stock prices (Stan. & Poor)A-1935-39=100. 74.3 75.0 74.9 Bank debits, member banks in 101 cities:! Production: 1,892 1,900 Total... _ mil. of dol.. 10,077 11,363 9,656 11,216 Bituminous coalf; thous. of short tons._ 3,753 3,717 New York C i t y . . . . do...- 3,659 4,320 3,377 4,252 4,707 Electric power.. mil. of kw-hr._ Currency in circulation^ . ...do 3,917 3,902 14,142 14,009 13,939 10,335 10,285 Petroleum t thous. of bbl. Federal Reserve bank credit, total...do 4,578 .4,494 4,042 2,250 2,291 Steel®... 1935-39=100. 193.7 193.5 192.0 901 903 12,246 12,304 12,303 12,632 12,749 Freight earloadings, total Member bank reserve balances.do thous. of carsExcess reserves, estimated do 432 .433 2, lfiS 2,352 2,713 •4,602 4,655 Miscellaneous ^ . do~.• Data do not cover calendar weeks in all cases. » Preliminary. O Thursday prices. t Daily average. ®Indei for week ended November 1 1 Debits to demand deposit accounts, except interbank and U. S.- Government accounts, in 101 cities. o Direct and guaranteed. A 402 stocks. 24,258 24,382 29,582 29,618 14,648 14,653 6,554 187 3.27 79.0 6,556 178 3.28 79.5 1,812 3,380 4,071 184.9 895 401 7,190.9. 1,863 3,341 4,099 181.0 914 406 MONTHLY BUSINESS STATISTICS Earlier d*t* are AT&ilable in monthly issues of the Survey and the the 1940 Supplement 19453 1941 SepSep. tember tember BUSINESS INDEXES Income payments: Indexes, adjusted: Total income payments.. 1935-39«= 100.. »173.0 ' 191.1 Salaries and wages do »169.3 Total nonagricultural income do Total _ mil. of dol— "10,128 *6,S62 Salaries and wages, total. ...do '3,278 Commodity-producing industries do »30 Work-relief wages do Direct and other relief. _ do 85 Soc.-sec. benefits and other lab. inc do »162 Dividends and interest. ...do * 1,000 Entr'l inc. and net rents and royal's..-do > 2,019 *8,855 Total nonagricultural income do July August Earlier data are available in monthly issues of the Surrey and the 1940 Supplement 1943 1941 SepSeptember tember 1942 July August 2,108 3,519 6,504 4,355 5,184 '2,181 3,533 '6,496 '4,371 '5,323 '142.4 ' 161.2 135.0 151.6 95.4 121.4 107.4 '73.4 '93.1 65.6 '211.8 165.4 167.4 197.4 '145.9 '165.4 '134.8 '150.6 '96.7 '124.9 '108.4 '73.6 '92.4 '65.7 ' 217.1 '163.3 ' 170.7 '211.4 EMPLOYMENT AND WAGES—Con. 143.1 160.1 141.3 8,280 5,431 2,481 79 89 151 918 1,691 7,328 EMPLOYMENT AND WAGES Employment: Employment estimates, unadj. (TJ. S. Dept. of Labor) :f Employees in nonagricultural establishments, total thousands36,056 Manufacturing ..do 15,235 13,571 911 Mining „. „ do—— 984 Preliminary. ' Eevised. 491123-42 1942 Em ploy ment— Continued. Employment estimates, unadj.—Continued. '168.7 '171.6 Employees in nonagricultural establishments, ••185.1 '188.6 total—Continued. ••166.4 '168.1 Construction thousands- 2,119 2,184 3,539 3,418 --9,329 ' 9,157 Transportation and public utilities...do 6,562 7,008 '6,486 '6,639 Trade do 4,391 4,325 ••3,089 '3,209 Financial service and misc do 4,566 5,M6 45 35 Government do 86 86 Manufacturing, unadjusted (U. S. Dept. of 172 167 Labor)f 1923-25=100.. 148.2 135.2 168.2 142.1 ••827 417 Durable goodsf do 140.5 134.4 Iron and steel, etc., not incl. machy_.do 1,758 '1,848 148.9 149.4 Blast fur., steel wks., and roll, mills-do 8,341 '8,069 116.0 97.2 Hardware do 125.8 109.5 I Struc'l and ornam'l metal work do 145.0 106.0 Tin cans and other tinware .do 72.1 80.4 Lumber and allied products do 92.4 107.6 Furniture do. 63.6 70.4 Lumber, sawmills do. 220.8 179.3 Machinery, excl. transp. equip do 37,234 '37,802 Agric'l implements (incl. tractors)..do.... 158.5 170.7 171.4 147.0 14,641 '14,980 Foundry and machine-shop prod...do 223.3 212.5 923 Eadios and phonographs do 918 fBevised series. See note on corresponding item in the October 1942 SURVEY. MONTHLY BUSINESS STATISTICS—Continued Earlier data are available in monthly issues of the Survey and the 1940 Supplement 1942 1942 1941 SepSeptember tember July August Earlier data are available in monthly issues of the Survey and the 1940_Supplement EMPLOYMENT AND WAGES—Continued FOODSTUFFS—Continued Employment—Continued. Manufacturing, unadjusted—Continued. Durable goods—Continued. Metals, nonferrous, and products 1923-25=100. Stone, clay, and glass products do.-Brick, tile, and terra cotta. _do-.. Distilled spirits: Production thous. of tax gallons.. Tax-paid withdrawals do... Stocks ido... Whisky: Production do.... Tax-paid withdrawals do... Stocks do™.: Rectified spirits and wines, production, total thous. of proof gal.. Whisky ...do. Glass •-. - - ^ i , . - - , - - - - _.._-_ - . d o . - - Transportation equipment! do... Automobiles.. ... do... Nondurable goods!. do... Chemical, petroleum and coal prod..do.... Chemicals.* .do... Paints and varnishes ".do..Petroleum refining. do... Rayon and allied products do.~ Food and kindred products do_~ Baking.. do... Slaughtering and meat packing do Leather and its manufactures do..; Boots and shoes do... aper and printing do. Paper do Paper and pulpp u i l p d do.— o Rubber products do-.. Rubber tires and inner tubes do Textiles and their products}., do.-.. Fabrics!-.— do... Wearing apparel do.-.. Tobacco manufactures ._do Manufacturing, adjusted (Fed. Res.)!--.do.-.. Durable goods!. ..do.... Nondurable goodsf do.... Pay rolls (U. S. Department of Labor): Manufacturing, unadjusted! _do.... Durable goods! _ ...do... Iron and steel, etc., not inch mach__.do.-Blast fur., steel wks., androll.mills.do..Hardware do Struct'l and ornamt'l metal work..do Tin cans and other tinware do Lumber and allied products do Furniture do Lumber, sawmills do Machinery, eicL transp. equip do Agric'l implements (incl. tractors).do Foundry and machino-shop prod__.do..-. Radios and phonographs do.._. Metals, nonferrous, and products do Stone, clay, and glass products do Brick, tile, and terra cotta do. _.. Glass do.... Transportation equipment! do.... Automobiles... . do.... Nondurable goodsf__ do.-.: Chemical, petroleum, and coal prod.do.-. Chemicals ...do Paints and varnishes do Petroleum refining . do Rayon and allied products do Food and kindred products do Baking . do.... Slaughtering and meat packing do Leather and its manufactures do Boots and shoes do Paper and printing do Paper and pulp do Rubber products L..do Rubber tires and inner tubes .do Textiles and their products! .-.do Fabrics! do Wearing apparel!-----r - -do Tobacco manufactures ...do 146,6 '92.1 '69.1 '115.5 150.0 92.3 66.2 119.1 326.4 103.2 129.2 163.4 193.2 125.6 133.8 310.6 179.3 165.3 149.2 91.4 SS.2 114.7 118.8 107.4 88.3 103.8 102.5 118.2 66.9 145.0 167.2 123.8 146.4 101.8 79.1 130.3 191.1 124.1 128.7 147.6 182.4 143.9 128. 5 327.0 163.2 153.5 123.6 98.9 95.2 124.9 128.4 111.5 86.5 115.5 103.3 131.3 63.9 132.3 141.3 123.8 220.5 274.9 194.3 206.9 155.1 176.6 153.3 93.7 110.9 83.4 375.1 245.9 200.1 340.0 236.3 103.6 71.0 151.9 555.3 162.3 159.6 246.0 307.4 163.6 198.7 402.5 209.3 189.5 186.4 110.5 105.7 130.3 163.6 157.6 140.6 128.9 132.1 114.7 83.7 162.6 183.3 170.6 178.4 148.7 123.6 187.6 90.8 118.0 77.5 249.6 230.7 187.8 254.4 185.6 105.4 76.2 160. 5 252.9 159.3 139.5 188.5 250.9 169.9 166.4 374.3 170.5 157.4 145.8 101.6 95.3 133.3 163.0 134.8 107.3 123.4 118.0 126.3 70.4 -•128.3 162.3 ' 147.0 ••131.0 124.3 129.9 r 105. 7 '78.3 556 27 54 77 355 43 5,473 268 646 1,661 2,276 622 -735 46 39 123 460 67 9,393 447 594 4,189 3,239 924 764 52 63 120 465 64 8,548 '916 584 2,078 3,950 1,021 697,792 546,791 104,971 399,706 154,632 [88,979 111,241 43,521 312,288 104,358 665,182 683,807 537,412 91,939 103,463 390,477 399, 292 33,001 135,264 6,587 6,208 8,593 5,341 5,296 8,381 6,984 6,864 8,487 ' 292.2 95.0 ' 124. 6 ' 158.4 'r 196.0 126. 3 133.9 309.1 " 156.7 ' 159.9 150.7 96.2 93.5 115.6 121.5 '101.9 '82.9 108.2 r 104.1 * 112.6 64.5 143.7 161.8 126.4 'r 204.6 252. 7 ' 188. 2 ' 202.0 150.7 159.0 146.7 '92.7 109.6 '83.3 ' 351.1 255.4 250.3 293.1 'r 223.1 101.0 71.9 ' 145.9 ' 475.3 147.9 ' 150.8 ' 233.4 ' 313.8 161.6 186.5 392.6 186.5 '1SL9 188.1 110.2 103.4 FINANCE C ommercial failures:! Grand totaL_ number.. Commercial service, total... .do Construction, total. do Manufacturing and mining, total .do Retail trade, total ... do Wholesale trade, total. do.._. Liabilities, grand t o t a l s . .thous. of dol__ Commercial service, total do Construction, total do Manufacturing and mining, total do Retail trade, total - do _ Wholesale trade, total .do.— 47 66 119 405 61 6,781 538 520 2,249 2,475 FOODSTUFFS Fermented malt liquors: Production. Tax-paid withdrawals Stocks _ r thous. of bbl.. do _. _do Revised. • Not including high-proof spirits produced at registered distilleries. 6,814 8,651 1941 SepSeptember tember 1942 July August "6,526 21,201 "7,968 «6,893 15,129 '11,985 12,801 15,380 '521,243 547,678 '537,737 •529,089 ' 149.0 '92.5 4,945 '68.2 10,068 '117.9 500,147 '311.2 '98.8 7,756 f 127.2 6,753 'r 159. 9 194.4 FUELS AND BYPRODUCTS 'r 125. 6 Coal: 134. 5 Bituminous: ' 307.3 Industrial consumption, total ' 167.4 thous. of short tons.. 35,055 ' 162.7 Stocks, industrial and retail dealers, end of ' 150.2 month, total thous. of short tons.. 87,297 94.1 Industrial, total do 77,247 91.6 10,050 Retail dealers, total.. do '115.0 Coke: '119.5 Production: 105.1 692 Beehive... do 86.3 Byproduct do 5,163 ' 109.6 Stocks, end of month: '103.4 1,614 Byproduct plants, total do '118.9 1,021 At furnace plants _ .do '66.3 At merchant plants. do 593 ' 145.0 ' 165.7 LEATHER AND PRODUCTS ' 125.2 Production, boots, shoes, and slippers: r 214. 7 Total I thous. of pairs.. 36,906 ' 266.7 452 Athletic do. ' 192.1 237 All fabric (satin, canvas, etc.) do. ' 202.8 716 Part fabric and part leather do. ' 153.9 30,921 nigh and low cut, lcathor, total do. ' 174.6 3,283 Government shoes*. do. ' 152. 9 Civilian shoes: '97.0 1,419 Boys' and youths' do. '112.9 2,074 Infants' do. '87.2 3,050 Misses' and children's do. 7,498 ' 367.1 Men's do. 13,596 ' 259. 5 Women's do 4,217 ' 261.1 Slippers and moccasins forhousewear_.do 362 '313.4 All other footwear do. ' 232.0 ' 105. 5 METALS AND MANUFACTURES 72.5 ' 157.3 Steel manufactured products: ' 519.1 Boilers, steel, new orders: ' 157.6 Area thous of sq. ft... ' 153.6 Quantity.. 1 ...number.. 2,346 '237.4 Foundry equipment:! ' 309.1 New orders, net total 1937-39=100.. 446.4 452.4 ' 162.8 New equipment _ ...do. 428.4 ' 189.6 Repairs do. '400.4 PAPER AND PRINTING ' 196. 7 ' 186.7 '185.9 Wood pulp: Production, total, all grades short tons.. 751,412 '107.4 Sulphate, total do.. 360,614 '101.9 302,746 __bleached ..do '129.9 Unblc total * ' Sulphite, __do.... 165.1 133,068 Bleached . do '154.0 44,562 Soda . ..do '135.4 119,270 Groundwood do ' 131.1 180,522 Stocks, end of month, total, all grades do ' 133.4 76,128 Sulphate, total... _ do '118.6 69,372 Unbleached do '84.1, 42,041 Sulphite, total . do 26,427 Bleached _ ..do Soda d o . . . . 5,104 Groundwood d o — 57,249 TBANSPORTATION Financial operations (class I steam railways): Operating revenues, total thous. of dol.. Freight do Passenger do Operating expenses do Net railway operating income-. do 1943 5,744 9,543 7,039 9,204 8,585 10,144 499,503 515,847 507,493 •6,401 6,199 ' 4,830 5,499 7,548 6,652 31,928 34,306 ' 34,686 56,994 77, 583 • 82,6S6 48,044 69,003 ' 73,186 9,500 8,950 8,580 606 4,811 5,278 5,315 1,580 881 1,469 999 470 1,564 1,026 539 43,815 41,689 ' 38,796 424 .459 512 175 146 273 611 671 1,017 35,558 35,912 ' 33,046 1,324 3,678 ' 3,879 1,812 2,403 4,025 10,473 15,522 6,019 436 1,562 f 1,392 2,125 2,151 3,602 '3,224 8,578 '7,446 16,341 '14,980 3,850 '4,080 ••460 650 1,566 1,106 2,316 1,091 ••1,832 '906 '363.8 372.0 339.2 800.8 909.1 474.0 510.8 536.7 433.0 753,629 361,272 310,525 225,818 132,651 41,584 124,955 173,728 41,340 37,383 42,313 24,151 27,332 4,456 4,325 36,646 85,750 796,070 385,750 328,767 241,701 145,693 '4,651 123,968 190,631 64,881 60,293 48,568 32,386 5,013 72,169 797,725 366,776 312,949 243,713 142,000 50,008 137,228 95,622 15,921 11,480 TEXTILE PRODUCTS Cotton manufactures: Finished cotton cloth, production: Bleached, plain thous. of yd.. 179,363 Dyed, colors . '_._: do__._ 157,074 5,472 Dyed, black do Printed do.— 65,606 Rayon: 38.3 Deliveries (consumption), yarn* mil. of lb._ 7.8 Stocks, yarn, end of mo do.... TRANSPORTATION EQUIPMENT Railway equipment (Assn. of Amer. R. R.): Freight cars, end of month: Number owned thousands. _ 1,737 46 Undergoing or awaiting cl. rep do 2.7 Percent of total on line Orders, unfilled _._cars.. 35,637 28,352 Equipment manufacturers do 7,285 Railroad shops do Locomotives, steam, end of month: Undergoing or awaiting cl. rep number, - 2,381 6.1 Percent of total on line 314 Orders, unfilled number. _ Equipment manufacturers -do— Railroad shops do...- 85,786 189,214 178,185 38,437 150,832 149,159 5,J21 5,730 98,757 55,732 60,073 40.0 6.G '38.1 7.4 1,676 1,737 55 73 3.2 4.4 86,943 35( 442 63,607 24,974 23,336 10,468 1,737 53 3.1 34,195 24,626 9,569 2,593 6.6 323 256 67 37.0 4.9 4,022 10.2 309 263 46 2,669 6.8 334 284 50 •New series. See note on corresponding item in the October 1942 Survey. fRevised series. See note on corresponding item in the October 1942 Survey.