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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C , OCTOBER 2, 1941
SUMMARY OF BUSINESS TRENDS
USINESS moved ahead very slowly in September as material shortages became more widespread and indications
that ceilings had been reached in many lines continued to
appear. Data available on a weekly basis show few changes
beyond the usual seasonal movement in aggregate industrial
output. Steel production continued at slightly better than 96
percent of capacity during the month, while the automobile industry, hampered by minor parts and material shortages, has
been slow in regaining its stride since the model changeovers.
Petroleum output and cotton manufacturing were both somewhat higher than in August, with lumber production being little
changed. Other evidences of irregularity in the over-all business
picture appear in the failure of coal production, carloadings, and
factory employment, to register their usual seasonal gains, and
in the smaller rate of increase in income payments to individuals.
Freight carloadings advanced toward the fall traffic peak,
but the rise was far less than the seasonal movement which
usually occurs at this time of year. Loadings are now well
above 900,000 cars weekly, however—higher than at any time
since 1930. Largely responsible for the less-than-seasonal rise
has been the exceptionally high volume of shipments maintained
throughout the summer under the pressure of the defense
effort. But in addition, the failure of loadings to rise strongly
at this time reflects the capacity and material problems which
B
beset the drive for larger industrial output. Only agricultural
shipments made larger than seasonal gains in September, other
classes of freight falling off on an adjusted basis.
Compared with an average monthly rise of almost 3 points in
the preceding three months, the adjusted index of income payments in August rose less than a point to 133 percent of the
1935-39 average. While the index is now at a new high, the
August increase was the smallest since last March—a development which mainly reflects the failure of industrial employment
to advance by the full seasonal amount in August.
The Federal Reserve adjusted index of factory employment
(1923-25=100) remained at 133 in August, marking the first
time that the index has not advanced since May 1940. Again,
the high level of employment and industrial activity in earlier
months partly accounts for the less-than-seasonal rise in August.
However, an increasing shift from civilian to defense activity is
apparent within the total, rising defense employment offsetting
declines in the adjusted indexes for such industries as radios and
phonographs, and automobiles. In the machinery group,
electrical machinery, engines and turbines, and machine tools—
preponderantly defense lines—continue to advance sharply,
while lines in which civilian needs are more heavily represented,
e. g., the broadly inclusive foundry and machine shop products
group, were laggard.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
ELECTRIC POWER PRODUCTION
(PERCENT OF CAfflClTV)
FREIGHT-CARLOADINGS
. (BILLIONS OF KILOWATT HOURS)
(THOUSANDS OF OARS!
1939'
5001
AUTOMOBILE PRODUCTION
BITUMINOUS COAL PRODUCTION
MISCELLANEOUS CAR LOADINGS
(THOUSANDS OF VEHICLES)
(DAILY AVERAGE-THOUSANDS OF TONS)
(THOUSANDS OF CARS)
WEEKLY WHOLESALE PRICE INDEX, ALL COMMODITIES
(1926- 100)
100
95
INDUSTRIAL PRODUCTION
(SEASONALLY ADJUSTED, 1935-39- 100)
180
90
140
/
85
80 *w-
120
-
75
100
—
70
/
~
80
60
, , ! , , ! , , 1 , ,
FACTORY EMPLOYMENT AND PAYROLLS
150
MONTHLY DATA
60
MONTHLY DATA
130
PAYROLLS
(UNADJUSTED)
120
80
. . 1 . . 1 . . 1..
140
160
140
100
'
. . 1 . . 1 . . 1 ... .i.. i., i,.
INCOME PAYMENTS
(SEASONALLY ADJUSTED 1 9 3 5 * 3 9 -»OO)
(1923-25* 100)
180
MONTHLY DATA
160
EMPLOYMENT _
(ADJUSTED)
X,
""""
—-£i*
_
120
*<»
_ _
rjH*S^
^
110
^
100
90
1 t f . , 1 1 , 1 , ,
1938
416680-41
1939
1940
1941
~~~• H i d .
1938
IJLJ-U . , 1 M 1 t 1 1 .1 1..
I939
i . . 1 . . r. i
I940
1 t l . L j l l_l_Ll_i_
I94I
WEEKLY BUSINESS INDICATORS'
[Weekly average, 1923-25=100. except as indicated]
1940
1941
Business activity: 1
New York Times§
Barren's
Business Week
__.
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, middling, spot
Construction contractst____Distribution:
Carloadings
Department store sales A
Employment, Detroit, factory...
Finance:
Bond yields*
91.6
91.6
89.1
91.6
91.0
89.1
88.6
91.4
90.6
88.6
88.2
91.1
155.6 156.6 156.5 153.8 152.7
77.7
65.7
70.8
82.6
77.7
65.7
71.1
82.5
110.1 103.8
79.5
69.3
74.4
83.3
125.5
79.5
69.5
75.1
83.0
125.9
98.4 97.9 97.7 82.1 81.9 83.6 83.2
98.7
85.5 8^5 85.5 85.5 85.5 82.6 80.4 85.5 85.5
33.5
fi4.0 36.4 36.4
63.2 66.2
340.4 74.9 78.6
95.! 95.9
131 133
114.9
122
71.1
95.8 86.3 85.4 87.1 85.0
152 120 117 119 107
107.1
116.0 111.6
57.4 57.2 57.0 57.0 57.0 60.5 60.8 68.8 68.6
1939
Sept. Sept. Sept. Sept. Aug. Sept. Sept. ept. Sept.
T
Finance—Continued.
Stock pricest
_
Banking:
Debits, outside N . Y. C.t—
Federal Reserve reporting
member banks:
Loans, total...
._
Interest rates:
Call loans*
_
__
Time loanst
Currency in circulationt
Production:
Automobiles
Bituminous coalt
--Cotton consumption!
Electric power &
Lumber.--.
Petroleum!
,
_
Steel ingots®
Eeceipts, primary markets:
Cotton..
Wheat
-
128.3 130.!2 129.1.3 130. 5 111..7 111. 5 107.'. 3 105.8
j . 9 137.1 114.0 112.6 105.7 103.LI
7 136.
138.4
154.6 137/
154. 5 152.8 154.3 132.9 133.1 119.3 117.1
91.5
91.2
88.5
91.8
1940
1941
1939
ept. Sept.
Sept. Sept. Sept. Sept. Aug. Sept. Sept. Se]
21
30
23
27 20 13
6
30 28
20
13
30
6
28
21
30
93.7 94.0 93.6 94.5 94.2100.6
23
115.3 113.2
123. 1137, 2 110.1 129.9 114.0 92. o 105.3 89.1 101.0
87.6 87.4 87.8 87.2 85.6
19.5 66.8 66.6
24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6
207.7 207.1 206.8 206.7 204.6 167.0 166.6 149.6 149,2
99.9 77.1 67.6 41.9
97.2 107.9 113.2
180.5 184.2
151.7 154.0 145.3
63.0 62.7 51.5
202.0 200.0
100.0 189.2
1
174.3 173.1 174.5 173.4
50.8
107.4
182.3
151.4
57.1
198.6
173.8
122.1
99.8
130.9
132.2
100.2 81.9 70.4
91.3
91.4
132.3
130.0
59.0
188.4 179.6
158.6 159.3
132.7
120.1
59.8
181.4
143.9
130.0
119.2
54.1
182.5
136.2
168.8 109.2 114.6 68.5 37.3 147.7119.2 257.3 254.2
128.2 104.1 120.0 116.4 145.2 97.8 121.7 83.7J10O.0
•Data do not cover calendar weeks in all cases.
^Seasonally adjusted.
JDaily average.
c?Weekly average, 1935-39=100.
§Computed normal^lOO. Index revised beginning Jan. 8, 1938; revised data not given in the issue of Jan. 23, 1941, and subsequent issues will be shown later.
®Index for week ended Oct. 4 is 174.5. Data for 1941 arc based on production of steel ingots and steel for castings. ©Thursday prices: August 1939=100.
AWeekly 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 •
1041
COMMODITY PRICES, WHOLESALE
Copper/electrolytic, New YorkJ___
_dol. per l b . .
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..
Banking
FINANCE
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
__
dp
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
Commercial, industrial, and agricultural loans §
mil. of dol_.
Interest rates, call loanst
percent..
Interest rates, time loanst
-do
Exchange rates: Pound sterling!
dollars..
Failures, commercial
number
Currency in circulation^
mil. of dol-.
Security markets:
Bond sales (iV. Y. S. £?.)._.thous. of dol. par value..
Bond yields (Moody'*) (120 bonds)}
percent..
Stock sales (N. 7Y. S. E.)
thous. of shares
Stock prices (A . Y. Times) t
dol. per share..
Stock prices (Standard and Poor's) (420)....1926=100..
Industrials (350)
do...
Public utilities (40)
do.
Railroads (30)
do
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles!.. _
number..
Bituminous coalt
...thous. of short tons..
Electric power A
mil. of kw-hr__
Petroleumt
.
thous. of bbl__
Steel ingots®
.pet. of capacity.
Construction contract awards
_
thous. 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
Receints:
'•
Cattle and calvesf
.thousands..
Hogsf
.__.
^.__
do
Cotton into sight
_„thous. of bales..
Wheat, at primaryi markets
thous. of bu..
Sept. 27
Sept. 20
Sept. 13
0.118
.172
3.33
38.15
1.13
0.118
.180
3.33
38.15
1.14
0.118
.186
3.34
38.15
1.16
3,442
5,704
4,304
6,357
2,279
2,184
13,273
5,202
1940
1939
1938
Aug. 30
Sept. 28
Sept. 21
Sept. 30
Sept. 23
0.118
.180
3.28
38.15
1.12
0.118
.174
3.26
38.15
1.08
0.114
.099
2.31
37.98
.77
0.111
.099
2.31
37.96
.76
0.118
.093
2.46
37.44
.85
0.118
.091
2.46
37.16
0.102
.083
2.43
36.58
.67
0.101
.083
2.42
36.44
.66
2,944
5,105
3,280
5,020
3,304
5,286
3,112
4,292
3,045
4,136
3,630
4,687
2,561
3,599
3,650
4,269
2,316
2,184
13,328
5,249
2,255
2,184
13,158
5,111
2,241
2,184
12,884
4,857
2,281
2,184
12,998
4,994
2,472
2,434
13,703
6?645
3,111
4,884
2,495
2,434
13,624
6,531
2,846
2,804
11,621
5,332
2,883
2,826
11,549
5,275
2,597
2,564
8,197
2,889
2,596
2,564
8,014
2,744
24,390
5,431
18,166
11,070
24,375
5,430
18,181
11,088
24,503
5,431
18,255
11,183
24,349
5,426
18,335
11,251
24,453
5,431
18,410
11,292
21,080
5,352
15,477
9,203
20,984
5,355
15,592
9,305
18,333
5,231
14,069
8,437
18,175
5,225
14,020
8,428
15,508
5,180
12,999
8,111
15,288
5,216
13,011
8,131
3,327
10,954
3,320
10,917
3,313
10,975
3,316
10,903
3,316
10,697
2,576
2,583
2,232
8,350
2,230
8,319
1,675
8,241
1,672
8,254
6,389
1.00
1.25
• 4.033
181
10,085
6,362
1.00
1.25
« 4.033
180
10,057
6,310
1.00
1.25
« 4.033
169
10,041
6,222
1.00
1.25
* 4.033
145
10,035
6,183
1.00
1.25
« 4.032
200
9,936
4,575
1.00
1.25
•4.037
258
8,109
4,578
1.00
1.25
-4.035
216
8,080
4,229
1.00
1.25
4.010
204
7,265
4,201
1.00
1.25
3.930
239
7,244
3,891
1.00
1.25
4.769
3,889
1.00
1.25
4.807
6,599
6,565
33,190
3.31
3,319
90.97
79.0
93.9
69.1
26.9
33,200
3.30
3,577
91.27
80.1
95.4
69.6
27.5
33,350
3.29
3,454
90.91
78.4
93.0
69.5
27.0
26,800
3/29
2,340
91.82
79.3
93.9
70.0
28.0
35,430
3.29
2,206
91.45
78.9
93.4
69.8
28.1
37,230
3.49
3,503
97.68
82.2
95.5
81.0
27.3
31,310
3.51
2,280
95.89
80.7
93.4
80.7
26.9
80,040
3.97
8,825
111.98
95.8
113.3
85.2
34.4
70,870
3.96
9,663
109.90
94.4
112.2
83.7
3L1
43, ICO
4.22
7,643
95.29
82.6
100.0
69.6
25.4
31,230
4.18
5,035
95.13
86.0
104.0
72.3
25.1
78, 535
60,615
1,655
3,232
4,074
96.1
53,165
1,838
3,281
4,034
96.9
32,940
1,927
3,096
3,815
96.3
39,965
1,829
3,224
4,005
96.5
54,647
95,990
1,700
2,816
3,800
92.5
12,026
78,820
1,554
2,769
3T621
92.9
12,622
64,365
1,702
2,559
3,658
83.8
13,498
55,350
1,557
2,538
3,681
79.3
11,416
25,405
1,350
2,208
3,232
46.7
15,541
20,390
1,343
2,211
3,251
47.3
13,085
907,969
171,865
45,364
44,839
15,482
160,224
69,721
400,474
913,952
184,698
45,655
45,045
14,453
158,787
74,448
797,740
162,767
912,720
183,808
47,750
43,536
12,462
158,311
76,548
822,434
170,174
40,668
39,392
17,517
158,034
67,215
329,434
813,329
155,585
41,022
40,943
18,592
157,201
68,397
331,589
254
219
284
8,283
254
226
219
202
178
9,256
247
245
97
11,554
256
320
384
7,779
275
289
310
9,682
439
10,202
9,549
Sept. 6
36,878
12,617
138,398
70,802
337,592
j 809,752
175,407 163,445
37,116
35,755
46,791
45,370
19,551
20,252
162,404 ,162,098
58,269
60,400
328,747 323,843
6,655
661
7,954
Oct. 1
Sept. 24
696,908 669,704
137,907 136,457
32,405
31,903
41,581
39,577
17,205
16,509
157,991 153,638
' 29,182 27,079
280,637 264,541
:
6,992
546
7,115
tDaily average. • Data do not cover calendar weeks in'oll cases. 5 Source: Ward's Automotive Reports.
« Free rate.
§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 Oct. 4, is 96.9; data beginning with July 1941 are based on estimated capacity as of June 30,1941, of 86,148,700 tons of open-hearth, Bessemer, and,
electric ingots and steel for castings- - •
• ' '
•
'
tRecelpts at Buffalo and Cincinnati are now included and receipts al Oklahoma City and Wichita, formerly included, are omitted.
£ D a t a revised beginning in the June 19,1941, issue to include certain additional governmental and industrial power generation not previously reported.
MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
BUSINESS INDEXES
Income payments:t
Indexes, adjusted:
Total income payments
1935-39=100_.
Salaries and wages
_.do
Total nonagricultural income
-.do
Total
.
miLof dol-.
Salaries and wages, total
_do
Commodity-producing industries
do
Distributive industries
do
Service industries..
do
Government
-do
Work-relief wages
do
Direct and other relief...
do
Soc.-sec. benefits and other lab. inc
do
Dividends and interest..
do
Entr'I inc. and net rents and royal's,..do
Total nonagricultural income
do
Cash income from farm marketings:
Crops and livestock, combined index:
Unadjusted.,...
...1924-29=100..
Adjusted
.do.,..
Crops
-...
do:...
Livestock and products
._
do....
Dairy products
do
Meat animals
.,..do
Poultry and eggs._.____:____:.-:__..do...COMMODITY PRICES
Cost of living (Natl. Ind. Con. Bd.):
Combined index!
1923=100.Clothing
.do
Food!
do
Fue] and light
_
do....
Housing
do
Sundries
.
do
Purchasing power of the dollar:
Wholesale prices
1923-25=100Retail food prices
do
Prices received by farmers
do
Cost of living
do
CONSTRUCTION AND REAL ESTATE
Value of contracts awarded (F. R. indexes):
Total, unadjusted..!—
...1923-25=100-.
Residential, unadjusted
do
Total, adjusted
_
...do
Residential, adjusted
do....
F. W. Dodge Corporation (37 States):
Total valuation
thous. of doL.
Building, total
......do
Families provided for and indicated expenditures
for building construction (based on bldg.
permits), U. S. Dept. of Labor indexes:
Number of families provided for
1929=100..
Indicated expenditures for:
Total building construction..
do
New residential buildings..
.do,.-.
New nonresidential buildings
do
, Additions, alterations, and repairs do
Construction cost indexes:
Federal Home Loan Bank Board:
Standard 6-room frame house: f
Combined index
_„_._..1935-39=100..
Materials
do—
Labor
_
--do
1941
1940
1941
August August June
July
1941
1940
August iugust
1941
June
July
EMPLOYMENT CONDITIONS AND
p 144.o
p 135.2
v 7,216
» 5,026
v 2,299
» 1,094
941
P14S
P444
1, 506
P6,427
P
113.3 ' 131.0
117.1 '141.3
114.6 ' 132. 9
7,6
5,906
5,049
4,036
2,227
1,618
1,077
969
930
874
.711
451
101
121
92
90
161
163
1,094
429
1,275
3,183
7,076
5,356
'132.6
'143.3
' 134.5
* 7.454
'4,968
' 2, 255
'1,085
937
••604
87
92
152
890
' 1,352
'6,807
*• 109.5
p 113.0
114.5
P87.0
79.0
71.0
59; o
81.5
90.0
82.0
65.0
86.0
. 96.0
81.0
110.0
107.5
117.5
90.0
'99.0
'98.5
'83.5
'112.5
'107.5
r
122.5
90.5
89.4
74.5
87.3
88.6
88.6
98. S
85.4
73.0
77.-4
84.8
86.9
98.1
88.5
73.6
85.5
86.7
88.2
98.6
88.9
73.8
86.2
87.8
88.4
98.7
lll.fi
117.1
112.2
113. S
130.1
131.4
153.1
119.0
115.6
119.5
124.5
114.9
113.4
118.6
117.6
114.4
157
122
150
123
94
81
90
82
135
111
11
101
'153
'118
'139
'117
p 122.0
p 102.0
760,233 414,941 539,106 577,392
518,270 272,177 406,090 425,661
100.4
80.4
44.5
75.0
11.6
60.9
55.5
55.5
40.9
60.4
54.9
80.7
19.7
53.0
76.4
20.1
64.0
114.9
112.4
120.0
102.1
101.4
103.6
112.4
109.2
118.6
113.6
110.7
119.3
.104.4
DOMESTIC TRADE
Retail trade:
Automobiles, value of new passenger-car sales: t
'169
214
78
Unadjusted,
—
-...1935-39=100..
182
'196
113
Adjusted...^..
_..:
do.
^ Chain-store sales, indexes:
Grocery chain-store sales:
135.5 ' 133.7
110.0
Unadjusted
_'_. .1929-31=100.. p 136.8
133.5 ' 136.4
Adjusted—
___
do... P 142.6 114.6
Variety-store sales, combined sales, 7 chains:!
111.3 r 111.9
95.8
- Unadjusted...
.
1936-39=100.. * 113.1
Adjusted
do... P 128.9
109.2
116.8 '122.2
Rural sales of general merchandise:
129.7
Total U. S., unadjusted.
1929-31=100.
148.7
119.4
170.7
151.1
East
do...
163.2
120.4
186.0
134.1
South......
do...
163.3
121.2
183.9
120.9
143.4
110.2
153.3
Middle West..
do...
131.6
143.6
150.5
Far West
do...
194.
177.7
163.2
Total U. S.f adjusted
_.do
146.0
208.
212.2
177.7
151.1
East
-_
do.
233.3
197.5
203.1
South
„
do.
168.1
255.0
163.9
151.9
133.6
185.8
Middle West,.
do.
160.5
150.7
163.4
211.4
Far West.
_
doEMPLOTMENT CONDITIONS AND
WAGES
Employment:
Employment estimates (U. S. Dept. of Labor):
35,902 38,858 •39,281
Civil nonagri. empl., total*
thousands.. 39,54
Employment innonagri.estab., total.do— 33,399 29,759 32,715 - 33,138
10,163 11,775 ' 11,995
12,146
Manufacturing
',
do_
'888
876
839
904
Alining
;
tio—
1,816 > 1,895
1,443
1,921
Construction
...do *
3,239 ' 3,290
3,081
3,323
Transportation and public utilities.do_.6,530 '6,512
6,168
6,543
Trade
do
4,353 r 4,394
4,226
4,394
Financial, service, and misc.—
do
4,126 * 4.161
3,839
4,168
Government
^.
___.do.
1,857
1,740
549
1,944
Military and naval forces*.'
do.
' Revised. * Preliminary. •
.
•
*New series. See note on corresponding item in the September 1941 Survey,
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
WAGES—Continued
E m ployment—Continued.
Manufacturing, unadjusted (U. S. Dept. of
107.4
132.5
Labor)!-.1923-25= 100_.
102.4
137.6
Durable goodsf
do..
Iron and steel and their products, not in140.1
110.7
cluding machinery
1923-25=100.,
149.3
122.1
Blast fur., steel wks., and roll, mills, do
117.7
H5.8
Hardware
do_
109.3
79.9
Struc'l and ornam'l metal work
do.
144.4
108.1
Tin cans and other tinware
do
71.3
81.
Lumber and allied products
do
91.0
108.2
Futniture
do
64.
70.
fe
Lumber, sawmills
do
119.2
175.
Machinery, excl. transp. equip
-.do
131.2
172. C
Agric'l. implements (incl. tractors).do
106.6
167.7
Electrical machinery, etc.
do
176.0
313. £
Engines, turbines, etc
do
100.5
143.7
Foundry and machine-shop prod...do
237.5
351.
Machine tools*
do
157.1
199.0
Radios and phonographs
do
113.8
145.1
Metals, nonferrous, and products
do
138.2
193 3
Brass, bronze, and copper products, .do
84.5
101. f
Stone, clay, and glass products
do
64.4
Brick, tile, and terra cotta
do.
79.0
106.9
Glass
_
__.do
131.0 f
105.0
Transportation equipment
do
168.1
Aircraft*..
d o . . . . 7,983.6 3,478.6
85.5
Automobiles
do
106.0
181.1
Shipbuilding*
do-376.5
112.2
Nondurable goods!.
.
do
127.4
119.4
141.2
Chemical, petroleum, and coal p r o d . . d o
141.6
180.
Chemicals
do
123.5
144.
Paints and varnishes
do
122.7
128.0
Petroleum refining. __
do.
307.7
329.3
Rayou and allied products
do
145.7
158.2
Food and kindred products
do.
146.6
153.2
Banking
do
106.8
117.1
Slaughtering and meat packing
do
92.0
101.0
Leather and its manufactures
..do
91.1
Boots and shoes...
.do
115.2
Paper and printing
_
do
123.
116.
9
127.9
Paper and p u l p . . .
do
85.9
111.
Rubber products
do
70.5
86.4
Rubber tires and inner tubes
do
99.7
115. C
Textiles and their products!
do
90.4
106. S
Fabrics!
do
116.
120.3
Wearing apparel
do-...
64.4
65.
Tobacco manufactures
do
107.4
132.7
Manufacturing, adjusted (Fed. R e s . ) ! . . . d o
104.3
140.6
Durable goodst
.-..--...do
111.1
140.
. Iron acd steel, etc., not incl. mchy
do
123
15C
Blast fur., steel wks., and roll, mills, do
98
12:
Hardware
...do
78
106
Struc'l and ornam'l metal work
do
9S
13:
Tin cans and other tinware
.do.
69.0
Lumber and allied products.
—do
78.4
90
Furniture
do.
10'
62
Lumber, sawmills
.
.do.
68
120.0
Machinery, excl. transp. equipment, . d o . - - 176.6
139
Agric'l implements (incl. tractors)..do
182
Electrical machinery, etc
do
107
169
176
Engines, turbines, etc
do.
314
101
Foundry and machine-shop prod.__do.
144
Maohire tools*
do.
247
366
14E
Radios and phonographs
do
184
115.7
Metals, nonferrous, and products
do
147.5
140
Brass, bronze, and copper products.do
195
81.8
Stone, clay, and glass products
do
60
Brick, tile, and terra cotta
do
131
107
Glass
do
188.2
120.9
Transportation equipment
..---.do
7,984
3,479
Aircraft*
do
133
107
Automobiles
do
38!
186
Shipbuilding*
do.
110.2
125.:
Nondurable goods!
do
122.2
Chemical, petroleum, and coal prod..do
144.1
141
Chemicals
—
do
18C
126
Paints and varnishes
do
14'
122
Petroleum refining
do
127
300
Rayon a r d allied products
do
328
129.0
Food and kindred products
do
139.
146
Baking.
__•
do.-..
15!
111
Slaughtering and meat packing
do
11
Leather and its manufactures
do
97.
Boots and shoes
do.
9
116.
Paper and printing..
__
do.
124.
117
Paper and pulp
-._..do.
12?
87.0
Rubber products
do.
113.
Rubber tires and inner tubes
do.
7:
8
Textiles and their products!
do.
117.
Fabrics!
__
do._ _
109.
Wearing a p p a r e l . . . .
.do
116.
129.
Tobacco manufactures
do_._
64.
Nonmfg., unadj. (U. S. Dept. of Labor):
Mining:
50.
49.
Anthracite
....1929=100.
92.
86.
Bituminous coal
_
do.^.
SO.
71.5
Metalliferous
_
do...
62.
63.
Crude petroleum producing
do...
48.5
54.
Quarrying and nonmetallic
do._.
Public utilities:
95.
93.
Electric light and p o w e r ! . .
do...
68.4
Street railways and busses!
--do—.
79.0
Telephone and telegraph!..
---do
127.8
135.1
136.1
144.0
118.3
105.5
' 132.0
76.9
103.8
67.2
'168.0
171.8
15S.5
285.5
139.7
' 338.5
180.
r
141.9
' 1S9.5
97.1
'74.
74.7
> 125.5
' 177.8
6,733.8
' 134.8
' 334.5
' 121.0
135.8
172.1
144.8
••125.2
327.0
135.0
152.2
120.3
9S. 1
94.9
' 121.6
m.6
110.7
86.3
' 112.6
100.2
'121.9
65.
128.7
134.0
136.1
145
118
104
13:
75.9
100
65
167.5
170
159
27fi
140
335
184
144.1
191
93.7
69
124
174.1
6,515
131
' ' 338
123.6
139.8
172
140
125
337
137.1
151
121
101.0
98
122.9
125
111.8
86
116.
109.
126. S
65.fi
49.
'S3.
'78.
'61.
'51.
'93.5
' 130. 6
137.9
r
138.3
' 147.2
114.2
' 107.3
' 138.8
79.7
' 105. 6
'70.2
' 172. 6
' 171. 4
'163.6
' 297.8
' 143.3
r
346.0
' 188.7
' 143.5
' 189. 7
'99.6
. 77.6
' 127. 9
' 179. 2
, 280.0
' 127.3
' 368. 9
' 123.7
' 138.3
' 175.8
' 145.fi
' 127.4
^ 324.4
' 144.5
' 150. 2
' 118.5
'101.0
'98.1
'123.0
'126.0
111.4
'87.4
'113.2
' 107.0
' 122.3
'65.4
' 133. 3
'141.0
" 139.7
149
'115
'105
'131
79.0
108
68
'173.2
'175
'164
'293
144
349
191
' 148.3
193
' 98. fi
73
131
'196.4
'7,20S
M50
'380
' 126.1
' 142.4
173
145
'127
'326
' 137.1
'149
'119
'100.2
'97
'124.8
126
113.0
'87
' 120.1
111:1
' 135.1
' 65. 7
49.3
'90.3
78.7
61.8
52.8
94.9
69.4
88.6
jRcvised series. See note on corresponding item in the September 1941 Survey.
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
1940
1941
Augus August Juno
July
EMPLOYMENT AND WAGES
Employment—Continued.
Nonmanufacturing, unadjusted—Continued.
Services:
106.7 122.9
121.1
Dyeing and cleaning
1929=100.
118.
102.8 '112.0 115.5
114.
Laundries
do...
90.3 '95.0
94.0
94. £
Year-round hotels
do...
Trade:
'97.8
96.7
96.
Retail, totalf
_
do...
90.1 *• 105.1 100.9
101. £
General merchandisingt
do...
90.1 '93.8
95.7
Wholesale
...do...
Pay rolls (U. S. Department of Labor):
105.5 152.1 ' 152.8
157. C
Manufacturing, unadjustedf
1923-25=100.
106.5 173.8 ' 172.6
Durable goodsf
do...
175. fl
Iron and steel, etc, not inch mchy
do...
171.3 '113.6 ' 168.6 ' 166.9
124.8 179.9 ' 181.5
Blast fur., steel wks., and roll. mills.do.._
182.7
106.5 150.2 ' 136.8
153.2
Hardware
do...
72.9 120.1 ' 112.1
124.
Struc'l and ornam'l metal work
do...
121.9 ' 163.2 '171.3
182. C
Tin cans and other tinware
__do.._
68.3 •84.0 '85.6
92. S
Lumber and allied products
do...
110.1
81.7 '110.0
115. £
Furniture
_
do...
'73.6
71.3
62.2
81.7
Lumber, sawmills
__
do...
230.2 ' 233.3
239.8 '131.1
Machinery, exci. transp. equip
do-..
227.6
Agric'l implements (inch tractors)..do.._
152.0 233.3 '228.4
240.1
Electrical machinery, etc
_do...
123.7 223.9 '231.9
522.7
240.1 ' 476.0 ' 497.7
Engines, turbines, etc
do....
180.0
101.3 179.1 '177.8
Foundry and machine-shop prod.^do-..
556.1
302.9 '529.3 '534.7
Machine tools*
do.._.
231.
149.8 200.4 ' 218.7
Radios and phonographs
do....
181.2
117.0 ' 174.6 ' 174.1
Metals, nonferrous, and products
do—
275.9
160.7 ' 262.4 '263.9
Brass, bronze, and copper products.do.._,
'99.1
104.5
100.2
'76.9
Stone, clay, and glass products
do—
53.6 '71.8 '73.8
77.3
Brick, tile, and terracotta
__.do—
116.0 ' 153.5 ' 147.1
155.6
Glass
-.
..do....
220.3 ' 115.6 ' 239.6 '229.9
Transportation equipment.
.do—
Aircraft*
..do.... 10,641.8 3,727.4 8,212.1 9,077.7
133.8
Automobiles
do
96.1 ' 188.4 '160.1
593.3 '211.4 ••497.9 '571.0
Shipbuilding*
do....
135.9
104.4 127.8 ' 130. 6
Nondurable goods t
do
178.5
134.4 171.1 '175.2
Chemicals, petroleum, and coal prod-do ...
246.8
169.3 232.fi ' 239.7
Chemicals
do
171.3
177.8 '173.2
132.1
Paints and varnishes
do
158.5
1E6.7 '157.2
137.4
Petroleum refining
do—
368.2
318.0 362.4 '368.6
Rayor and allied products..
..do
' 152.4
164.7
144.3
139.0
Food and kindred products...
..do
15'. 5
154.4 ' If3.1
Baking
.do
140.1
142.2
137.8 ' 139.3
Slaughtering and meat packing
do
112.3
105.0
97.2 ' 103.3
Leather and its manufactures.
..do
77.0
'98.8
101.0
91.9
75.0
Boots
oots and shoes
_
_
do
' 128.7
130.6
128.6
Paper and
110.9
d printing
i
i
ddo
163.4
124.8 157.7 ''156.9
Paper and pulp
do
138.1
87.7 '141.2 ' 135.7
Rubber products
do
118.4
115.7
122.4
Rubber tires and inner tubes
do
76.3
113.6
119.3
87.4 '111.4 ' 113.3
Textiles and their productsf
do.._
114.0
111.6
80.9
Fabricsf
do—
107.3
122.4
94.9 ' 104.1 ''69.8
Wearing apparel
do....
69.9
62.3 '70.2
Tobacco manufactures
do
Nonmanufacturing, unadjusted:
Mining:
51.2
51.1
33.1
Anthracite....
__
1929=100..
34.8
82.5 r 107. 2 '104.4
115.4
Bituminous coal
do
68.5 ' 8 5 . 3
Metalliferous. __
_.
do...
86.5
78.1
59.0 ' 5 9 . 9
Crude petroleum producing
do....
61.3
61.8
45.2 ' 5 5 . 7
55.4
59.5
Quarrying and nonmetallic
do
Public utilities:
115.3
Electric light and powerf
do.
113.7
108.1 '111.4
70.4 ' 7 6 . 2
Street railways and bussest
do _
77.8
76.0
100.4 '113.0
Telephone and telegraphf
do—
116.5
115.6
Services:
91.6
98.4
78.9
Dyeing and cleaning
do.
96.2
104.
Laundries
do.
90.5 ' 102.5 106.4
89.0
Year-round hotels
do
87.2
80.7 '87.4
Trade:
81.5 ' 9 5 . 2
93.6
Retail, totalf
do._._
94.1
82.3 '100.1
General merchandisingt- _
.do
97.8
97.5
88.0
78.7 ••88.2
Wholesale
....do.
FINANCE
Commercial failures:!
954
970
1,128
Grand total
number46
36
49
40
Commercial service, total
.do
76
51
59
49
Construction, total
do
166
166
165
196
Manufacturing and mining, total
do
585
619
570
732
Retail trade, totaldo
81
98
74
102
Wholesale trade, total
do
Liabilities, grand total
_thous. ofdoL. 11.134 12,997 9,449 13,422
Commercial service, total.
do
500
401
502
672
Construction, total
do
6S4 1,072
1,272
1,732
Manufacturing and mining, total
do
3,79S 4,386 3,155
Retail trade, total
do
3,492 5,056 3,591
3,579
Wholesale trade, total
do
1,436
1,721
1,573
1,618
Life insurance written (Asso. of Life Ins. Pr.):
Policies and certifs., total number
thous..
731
738
731
32
Group..
do
33
44
50
426
Industrial
do
459
450
438
225
Ordinary.
_.do
246
237
243
Value, total
thous. of doL- 646,769 579,283 649,617 661,422
73,412 53,757 64.450 84,206
Group
...do
131,329 123,111 135,633 128,783
Industrial
_
do
Ordinary
do
442,028 402,415 449, 534 448,433
Installment loans to consumers:*
By credit unions:
30.8
Loans made...
mil. of dol__
32.7
27.5
221.3
Amount outstanding, end of month
do
181.1 216.1
By industrial banking companies:
49.5
51.8
Loans made
do....
42.6
Amount outstanding, end of month
do
280.0' 306.3 309.4
' Revised. • Data for July are the latest available.
t Revised series. See note on corresponding item in the September 1941 SURVEY,
8
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
1940
August August
FINANCE—Continued
Installment loans to consumers—Continued.
By personal finance companies:
Loans made
mil. of dol._
Amount outstanding, end of month....do
ELECTRIC POWER AND GAS
Electric power:
14,551
Production, total
mil. of kw.-hr..
By source:
10,621
Fuel
do
3,930
power
do
ByWater
type of
producer:
Privately and municipally owned electric
utilities
..mil. of kw.-hr__ 13,037
1,514
Other producers
__do
FUELS AND BYPRODUCTS
Petroleum and products:
Crude petroleum:
Consumption (runs to stills)...thous. of bbl__
Production
do
Refinery operations
:
pet. of capacity..
Stocks, end of month:
California:
Heavy crude and fuel
thous. of bbl._
Light crude
do....
East of California, total
do_._
Refineries
do
Tank farms and pipe lines
do
Refined petroleum products:
Gas and fuel oils:
Production:
Residual fuel oil
do
Gas oil and distillate fuels, total....do....
Stocks, end of month:
Residual fuel oil, east of Calif ...do
Gas oil and distillate fuels, total....do....
Motor fuel:
Demand, domestic.
.do
Production, total
..do
Benzol
do
Straight run gasoline..
do
Cracked gasoline
do
Natural gasoline
do
Natural gasoline blended
do
Stocks, gasoline, end of month:
Finished gasoline, total
do
At refineries.
do
Natural gasoline
do
Kerosene;
Consumption, domestic
do
Production
do
Stocks, refinery, end of month
..do
Lubricants:
Consumption, domestic
.do
Production..
do
Stocks, refinery, end of month
do
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
RUBBER AND PRODUCTS
Tires and tubes:
Pneumatic casings:
5,005
Production
thousands..
5,400
Shipments, total
do
1,123
Original equipment
do
5,834
Stocks, end of month
do
Inner tubes:
4,444
Production
do
4,783
Shipments, total
_
do
6,071
Stocks, end of month.
do
STONE, CLAY, AND GLASS PRODUCTS
Portland cement;
Production
thous. of bbl_. 16,345
17,825
Shipments
—
-do
Stocks, finished, end or month
d o — 19,698
5,289
Stocks, clinker, end of month
do
Glass containers:
6,791
Production...
_
thous. of gross..
6,801
Shipments, total..
do
8 052
Stocks, end of month.
_
do—
14,126
Plate glass, polished, production.thous. of sq. ft..
TEXTILE PRODUCTS
Cotton spindle activity:
Active spindles
thousands- 23,029
Active spindle hrs., total
...mil. of hrs.. 10,253
421
Average per spindle in place..
hours..
125.3
Operations.
pet. of capacity..
TRANSPORTATION EQUIPMENT
Automobile production:
Canada, total
number.. 17,192
3,160
Passenger cars
do
147,600
United States (factory sales), total
do
78,529
Passenger cars
do.
69,071
Trucks
do.
1941
June
July
76.8
483.5
87.0
527.0
85.0
531.1
12,444
13,671
14, 226
8,476
3,968
9,614 ' 9,838
4,056 '4,388
11,226
1,218
12,173 12,742
1,498 ' 1,484
108,756 115,935 121,180
110,523 115,027 118,251
81
76,373
36,493
220,234
47,959
172,284
65,735
34,961
216,454
43,526
172,928
66,454
35,651
212,132
44,472
167,660
26,451 27,882 28,624
14,957 14,697 15,746
24,042 20,914 21,909
33,964 30,620 33,977
55,346
52,658
271
22,120
25,587
4,680
3,186
' 58,360
56,987
274
23,140
28,478
5,095
3,648
63,093
59,609
271
23,962
30,124
5,252
3,769
77,134 82,411 77,429
50,056 52,856 49,092
7,702 6,235 6,317
4,114
5,629
9,476
3,918
5,218
9,609
4,270
5,406
10,635
2,024
2,635
8,457
3,171
3,520
7,353
2,955
3,563
7,227
W96
1,739
3,030
3,261
' 2,232
'3,997
4,368
1,165
2,369
4,294
4,568
12,779
8,879
3,900
13,479
'8,659
'4,820
13,441
8,485
4,956
4,676
4,123
705
9,911
"6,379
'7,602
2,757
'7,088
5,603
6,456
2,000
6,235
4,306
3,600
7,794
'6,264
'6,908
'7,010
5,288
5,920
6,357
12,712 16,223 16,000
14,018 16.109 16,687
21,549 21,865 21,178
5,158 5,757 '5,522
6,291
6,363
8,176
12,463
5,062
4,645
9,655
12,533
6,166
6,865
8,397
18,534
22,084
7,872
318
'90.5
22,992 23,028
9,932 10.537
408
'433
121.5 123.0
13,993
1,510
75,873
46,823
29,050
25,753 24,654
8,538 3,849
520,525 444,241
418,983 343,748
101,542'100,493
•New series. See note on corresponding item in the September 1941 SURVEY.
y . 5 . GOVERNMENT PRINTING OFFlCEl 1941
@FedFRASER