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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 23, 1941
SUMMARY OF BUSINESS TRENDS
USINESS continues to operate at an extremely high rate,
although output gains of the usual seasonal magnitude have
failed to materialize in some lines. This development largely
reflects the maintenance of production volumes during the
normally slack summer months, coupled with difficulties attending the ever-increasing changeover from civilian to defense lines.
So far in October bitiuminous coal output has increased slowly,
although a rise of 8 percent usually occurs in this month. Anthracite tonnage has more nearly approached its usual advance
_ nf m ore, i.h a ti~l-0-peroe]itrwhilfr-pe^roleuin production 7c6ntinuBS
at the record volumes established in September. Lumber
production and cotton mill activity have fallen off slightly in
recent weeks, although cotton textiles usually continue their
upward movement at this time of year. Record ingot tonnages
are still being turned out by the steel industry but operations
remain somewhat below theoretical capacity.
Rising defense production served to counterbalance curtailment in some lines of civilian goods during September. As a
result, aggregate output scored its usual seasonal advance, the
Federal Reserve Board's adjusted index of industrial production
remaining at 160 percent of the 1935-39 average. Continued
advances in aircraft, shipbuilding, machinery, and steel were
mainly; responsible for a 4-point rise in the adjusted index for
B
durable goods—enough to offset less-than-seasonal gains in
nondurables and minerals. Some industries reflected the operation of Government curtailment programs. Automobile production increased less than seasonally, its assemblies being below
the maximum quota authorized by the Government, while a
further sharp reduction took place in silk mill activity. Woolen
textiles advanced to a new high level during the month, with
cotton textiles remaining close to the high volumes established
earlier in the year. Among the minerals, the rise of petroleum
output to record heights failed to offset less-than-seasonal gains
in coal mining where heavy tonnages have been maintained
throughout the summer.
The even course of business activity and the widespread
elimination of usual seasonal movements in production is
reflected in the behavior of freight carloadings. Total loadings
have receded somewhat since the final week of September, despite
the fact that a further increase of about 2 percent is usual at this
time. Shipments still remain above 900,000 cars weekly—a
figure that has been rather closely adhered
summer. The small rise in coal IT"
reduced volume of miscellaneous!
responsible for the slight decline in[i
ngs in
weeks.
SELECTED BUSINESS INDICATORS
ELECTRIC POWER PRODUCTION
STEEL INGOT PRODUCTION
(BILLIONS OF KILOWATT HOURS)
; (PERCENT OF CAPACITY)
120
100
80
60
40
20
too
95
90
85
80
75
70
180
160
140
120
100
80
60
AUTOMOBILE PRODUCTION
BITUMINOUS COAL PRODUCTION
(THOUSANDS OF VEHICLES)
(DAILY AVERAGE-THOUSANDS OF TONS)
WEEKLY WHOLESALE PRICE INDEX, ALL COMMODITIES
( 1926 - 100 )
(1935-39' 100)
WEDNESDAY CLOSE
80
70
...,,i
|
H
90
,,i..l,,,,,
,ti,.l.,r,.
INDUSTRIAL PRODUCTION
(THOUSANDS OF CARS)
PRICES OF 354 INDUSTRIAL STOCKS
MO
100
,,l,,l,,1,,
MISCELLANEOUS CAR LOADINGS
A)
M
If
SO l . i .
, , . , ,i
..i..I..
i..
COTTON CONSUMPTION
(DAILY AVERAGE- THOUSANDS OF BALES)
(SEASONALLY ADJUSTED, 1935-39* | Q 0 )
UONTHLY DATA
/
. . .1
. . 1 . ., .1
1. ., 1. . . . . .
. . 1 . .1 . . 1
.
1938
421262—41
1939
1940
. . i.. I.. i..
1941
1938
1939
1940
1941
WEEKLY BUSINESS INDICATORS'
[Weekly average, 1923-25=100, except as indicated]
1941
1939
1940
1941
Oct. Oct. Oct.] Sept. Sept,
27 20
18 11
Business activity:1
126.5 127.4 128. 2 128.3 112.1 112.1 109.9 107.9
New York Times§
138.2 139.0 138.4 138.4 116.7 115.7 111.5 111.3
Barron's
157.3 157.6 157.3 154. 9 135.8 134.4 121.9 121.1
Business Week
Commodity prices, wholesale:
Dept. of Labor:
91.6 91.6 91.2 91.5 78.4 78.1
Combined index, 1926-100..
78.9
66.7 66.1 67.5 66.7
90.5 90.3 89.9
Farm products
89.2 89.7 87.6 88.5 71.0 71.0 73.2 72.7
Food
___.
92 3 92.1! 92.0 91.8 S3.5; 83.1 84.1 83.7
Allother
I t c n i 155.6
c e e ' 156.6 112.8 110.9 123.9 123.
149.6 154! 2 155.9
28 basic commodities©
Fisher's index, 1926^100:
83.3
98.3 98.4 98.8 98.7 98.5 83.4 82.8
Combined index
89.1
85.5 85.5 85.5 85.5 85.5 85.5 85.5
Copper, electrolytic^
62.5 64.3 65.1 63.2 66.2 36.0 36.0 34.6 33.8
Cotton, middling, spot
252.5 82.1 92.3 64.3
Construction contracts!
Distribution:
94.9 96.3 96.5 95.3 85.4 85.2 89.9 88.2
Carloadings
115 116 112
130 169 ' 148 131
Department store sales A
96.9
115.0
117.3
Employment, Detroit, factory..
Finance:
Bond yields*....
56.8 56.8 57.0 57.4 57.2 60.0 60.1 66.2 67.2
1939
1940
Oct. Oct. Oct. Sept. Sept. Oct. Oct. Oct. I Oct.
27
20
18
19 12 21 14
11
Oct. Oct.
21
14
Finance—Continued.
Stock prices*
Banking:
Debits, outside N. Y. C . t ~ Federal Reserve reporting
member banks:
Loans, total.._:__.
Interest rates:
Call loans *.-.
_
Time loans*.._
Currency in circulation?.
Production:
Automobiles..
._
Bituminous coal*
Cotton consumption!
Electric powerd"
Lumber
Petroleum*..
Steel ingots®
Receipts, primary markets:
Cotton
Wheat
89.1 91.5 93.1 93.7 94.0 99.4 99.4 114.9 112.8
124.4 119.7 132.4 123.1 137.: 127.7 90.8 116.3 86.2
90.0 88.6 88.2 87.6 87.4 71.0
24.2 24.2 24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6 28.6 28.6
211.7 211.0 210.0 207.7 207.1 169. 7
70.4 67.4 67.3
24.2 24.2
28.6 28.6 28.6
169.0 151.1 151.3
108.9 100.6 97.7 98.0 77.1 145.8 137.9 89.2 96.5
109.1 108.9f 107.2 97.2 81.2 81.7,
104.9
173.6 177.3 175.0 148.2 137.3' L30.9 136.4
155.6 154.5 151.8 151.7 133.2 132.3 L21.0 121.3
63.8 64.7
... 69.6 63.0 60.3 57.8 57.8 55.3
201.9 191.5 201.31202.0 181.91.
180.6 .87.1 184.2
177.2 176.7174.5 174.3 173.1 161.9 161.6 .55.1 152.2
172. 7 160.4 181.9 168.8 109.2 230.0 230.4 275.0 258.1
88.1 102.7 99.4(128.2.104.1 51.7 46.9: 47.1 >3.4
• Data do not cover calendar weeks in all cases.
T Seasonally adjusted.
i Daily average.
d1 Weekly average, 1935-39=100.
§ Computed normal=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.
<£> Index for week ended Oct. 25 is 176.1. Data for 1941 are based on production of steel ingots and steel for castings. O Thursday prices: August 1939=100.
A 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 •
1941
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New Yorkt
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, Bard Winter (Kansas City).dol. per b u .
Oct. 18
Oct. 11
0.118
.170
3.29
0.118
.175
3.32
38.15
1.13
38.15
1.10
Oct. 4
0.118
.177
3.34
38.15
1.15
1940
Sept. 27
Sept. 20
0.118
.172
3.33
38.15
1.13
0.118
.180
3.33
38.15
1.14
Oct. 19
0.118
.098
2.33
38.07
.82
19.39
Oct. 12
0.118
.098
2.32
38.07
.81
Oct. 21
0.123
.094
2.43
37.56
.83
1938
Oct. 14
Oct. 22
0.123
.092
2.39
0.110
.088
2.39
36.54
.64
37.62
.82
FINANCE
Banking:
4,304
3,442
2,564
3,276
3,706
Debits, New York City
mil. of doL
2,978
4,381
3,695
2,766
3,865
5,704
4,212
4,934
6,357
6,136
Debits, outside New York City (HO cities)
do...
4,493
3,G93
4,683
fi,763
5,548
Federal Reserve banks:
2,445
2,316
2,279
2,244
2,265
2,481
Federal Reserve bank credit, total
do.-,
2,810
2,589
2,817
2,313
2,184
2,399
2,184
2,384
2,184
U. S. Govermrent securities...
do
2,564
2,765
2,184
2,184
2,748
13, 273
13,927
14,016
13,328
13,2S0
Moirber bank reserve balances...
....do....
13, 240
13,321
11,739
II, £07
5,202
6,816
5,249
5,193
5,209
5,234
Excess reserves, estimated
do-.~
3,265
5,399
5,509
Federal Reserve reporting member banks:
24,375
21,238
24,390
24,277
24,400
21,317
24,640
18,451
Deposits, demand, adjusted
_
do
18,567
15,755
5,353
5, 353
5,430
5,429
5,431
5,444
5,242
5,436
Deposits, time
do
5,164
5,239
15,527
15,525
18,181
18,166
18,056
Investments, total§
do
18,137
14,160
14,140
13,044
: is, 101
9,272
11,088
9,283
11,070
10,985
8,559
11,040
U. S. Government direct obligations
do...
8,074
8,574
10,982
Obligations fully guaranteed by U. S. Govern3,327
2,586
2,605
3,320
3,322
2,240
3,319
ment
mil. of doL.
2,224
3,334
1,684
8,800
8,877
10,917
10,954
Loans, total§
do
11,024
11,076
11,242
8,408
8,423
8,270
Commercial, industrial, and agricultural loans§
4,672
6,362
4,722
6,389
4,288
6,447
3.900
4,286
6,501
mil. of doL.
6.568
1.00
1.00
1.00
1.00
1.00
1.00
Interest rates, callloanst
percent...
1.00
1.00
1.00
1.00
1.25
1.25
1.25
1.25
Interest rates, time loans*.
do
1.25
1.25
1.25
1.25
1.25
1.25
• 4.036
« 4.033
« 4.033
• 4.033
4.014
Exchange rates: Pound sterling*.
dollars... *4.033
4.757
4 002
« 4.033
* 4.033
270
262
180
181
Failures, commercial
number..
237
277
172
210
178
8,209
8,240
7,347
10,057
7,335
10,085
Currency in circulation*.—
mil. of dol..
10,199
10,247
10,280
6,675
Security markpts:
29,130
28,000
33,200
40,910
42,870
30,350
33,190
Bond sales (N. Y. S. E.)
thous. of dol. par value..
44,470
39,130
29,460
3.88
3.47
3.30
4.02
3.82
3.46
3.31
Bond yields (Moody's) (120 bonds)*
percent..
3.29
•3.28
3.28
3,183
3,577
11,824
6,215
2,127
3,068
3,319
Stock sales (N. Y. S. E.)
thous. of shares..
2,326
2,960
2,726
109.59
91.27
106.52
III. 54
96.52
96.53
90.97
90.38
88.86
Stock prices (JV. Y. Times)t
dol. per share..
86.57
Stock prices (Standard and Poor's) (402) o*
101.2
85.4
99.7
84.5
84.6
83.4
81.4
1935-39=100..
82.7
79.6
101.3
100.7
102.3
83.8
85.0
86.2
84.8
82.5
Industrials (354)
do..
84.0
80.6
93.7
69.5
92.8
81.3
SO. 7
79.5
100.7
92.9
Public utilities (28)
do..
80.1
78.4
78.0
86.2
71.1
72.9
71.4
71.2
87.5
71.9
71.4
Railroads (20)
do..
70.1
PRODUCTION, CONSTRUCTION, AND
Production:
DISTRIBUTION
75,860
59,860
114,672
Automobiles^
number
108,457
70,114
60,615
77,035
79,065
76,820
85,600
1,381
1.7S6
1,391
1,382
1,781
1,655
1,825
1,858
1,854
Bituminous coalt
thous. of short tons
2,281
2,583
2,817
2,576
2,838
3,232
3,233
3,315
3,290
Electric power A
mil. ofkw-hr.
3,247
3,642
3,714
3,772
3,668
4,074
4,060
3,861
4,071
PetroleumJ
_
.thous. of bbl_.
49.4
94.2
90.3
8S.6
94.4
96.1
96.9
98.1
Steel ineots®
pet. of capacity.. "~98."4"
14,824
12,229
11,317
13,179
10,327
40,534
Construction contract awards*.
thous. of dol..
Distribution:
839,952 705,284
856,289
813.909
811,906
919, 510 907.969
903,877
917,516
Freight carloadings, total
cars..
177,127 133,347
176,856
132,388
131,891
171,865
184, 659
184,853
183,057
Coal and coke
do
38,432
32,446
39,231
41,412
41,097
45,364
46,288
44,832
46,438
Forest products
do
38,793
46,496
44,578
36,742
37.274
44.839
40,480
36,553
40,180
Grains and grain products
do
21,391
21,305
' 21,581
22,359
21,709
15,4S2
• 16. 513
20,226
18,891
Livestock
_
do
160.298
160,683
159,438
160,661
158,789
160,
224
160,593
160,718
161,309
Merchandise, I. c. 1
do
62,533
66.059
28,064
70.362
69,728
69, 721
71, 267
64,096
70,114
Ore
...do
351,212
337,467 284,188
352,491
348.912
400,474
399,710
396,927
392, 599
Miscellaneous
do
Receipts:
265
273
284
254
278
278
Cattle and calvesf
thousands..
327
254
344
219
265
265
Hogsf
do
671
574
599
439
473
715
598
284
417
449
Cotton into sight
_..thous. of bales..
4,247
7,9Q0
6,223
3.733
8.283
10.202
8,168
3.744
4,113
7.012
Wheat, at primary markets
thous. of bu._
JDaily average. • Data do not cover calendar weeks in all cases. ^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. 25 is 97.8; data beginning with July 1941 are based on estimated capacity as of June 30, 1041, 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.
cTRevised series. Earlier weekly data will be shown in a subsequent issue.
Oct. 15
0.104
.086 '
£.42
3G.13
2,986
3,313
2,605
2,564
8.400
3,045
15,604
5,163
13,023
8,053
1,673
8,272
3,924
1.00
1.25
4.745
6,679
35,850
4.03
8.981
106.60
97.4
100.1
91.1
77.7
43,540
1,407
2,251
3,272
51.4
15,100
726,142
142,954
32,571
43,204
22,657
160,053
30.737
293,966
645
6.200
MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
1940
Septem- Septen
ber
ber
1941
July
August
Earlier data are available in monthly issues ol
the Survey and the 1940 Supplement
1941
1940
Septem- iepteni'
ber
ber
1941
July
August
COMMODITY PRICES— Continued
Cost of living—Continued.
U. S. Department of Labor—Continued.
Combined index—Continued.
159
162
132
164
167
Rent*...
....1935-39=100.. 106.8 104.7 106.1
133
106.3
197
193
105.0 101.4
150
Miscellaneous*
do
103.7 '104.0
185
185 Retail prices, Fairchild's index:
166
144
152
132
93.2
Combined index
...Dec. 31,1940=100.. 105.2
102.6
99.6
149
••158
127
Apparel:
142
148
134
101.2 • 97.3 98.7
Infants'
do
100.0
216
142
89.1
95.5
Men's
do
'223
91.5
93.3
188
143
91.8
104.1
Women's
do
184
100.4
166
139
95.0
106.9
Home furnishings
do
102.4
172
104.9
96
118
86.7
Piece goods
do
109
93.3
97.1
230
154
Wholesale prices (Dept. of Labor indexes):
••221
1,003
508
78.0
Combined index (887 quotations)
1926=100..
1,123
90.3
91.8
Economic classes:
81.5
92.8
137
90.1
Finished products. _
do
91.5
'118
119
70.5
90.0
134
86.1
Raw materials
__.do
87.6
47
89
77.6
90.3
342
S7.9
Semimanufactures...:..
..do
89.5
••355
137
66.2
91.0
234
85.8
87.4
Farm
products
_.
..do
»236
135
r
61.7
85.3
459
76.3
79.6
Grains
.do
484
213
72.4
101.1
138
98.9
99.0
Livestock and poultry
do
142
119
80.4
9J.9
138
89.3 __90..7
Commodities other than farm prod.*.__do
116
143
71.5
89.5
84.7
87.2
Foods. „_-.:—_. _ - - - - — . : . . . . r i - r d o . : :
- 124 • J-12S
75.1
93.3
87.7
90.3
Dairy products
do
135
127
111
60.8
70.7
69.4
70.3
Fruits and vegetables
..do
153
138
133
79.0
99.4
93.8
97.5
Meats
„._do...
119
116
112
140
Commodities other than farm products and
146
124
91.6
82.3
89.7
145
90.8
150
foods
1926=100..
120
106.4
95.6 103.1
129
105.5
131
Building materials__
do
118
95.7
90.2
94.2
154
95.1
Brick and tile
do
154
142
92.2
90.6
92.1
125
92.1
Cement-___
do.
128
114
129.1 107.1 122.3
115
'120
108
127.5
Lumber...
...do
87.4
85.2
153
76.8
126
86.0
130
Chemicals and allied products
.do
88.2
87.3
155
84.8
118
87.5
Chemicals. _
.do
'154
104.4
162
96.0 100.0
120
100.1
Drugs and Pharmaceuticals.
.do
160
76.6
74.0
173
68.1
138
75.3
170
Fertilizer materials
.do
79.3
78.5
69
71.0
65
79.0
Fuel and lighting materials
do...
50
80.8
157
84.8
120
78.3
Gas
d o . . . . <*)
'166
61.7
60.9
130
4S.9
124
61.4
Petroleum products
do
134
111.3
121
98.3 109.4
116
110.2
Hides and leather products
do
'125
112.1
112.5
107
84.0
103
112.2
Hides and skins
do
120
]00.0
93.1
128
8*. 9
124
9S.5
135
Leather
do
117.1
119
114
107.0 114.7
116.1
Shoes
do
122
97.2
94.4
186
'172
8*.
5
95.4
House-furnishing goods.
do
••182
102.1
99.7
147
136
94.8
100.7
Furnishings
_
do
••152
92.2
88.9
81.8
89.9
Furniture
__
do
98.6
98.5
95.4
98.6
160
Metals and metal products
..do
160
96.9
96.8
94.9
96.9
165
165
Iron and steel
do
84.4
84.7
80.7
84.4
199
19S
Metals, nonferrous
...do.—
83.2
80.5
86.8
185
185
Plumbing and heating equipment., do... _ 87.1
86.2
72.5
88.3
141
'140
Te tile products
. d o . . . . 89.7
96.1
93.9
85.6
95.1
161
153
Clothing...
_
do...
104.2
96.1
69.2
101.5
131
Cotton goods
do
'134
64.4
62.9
61.4
63.8
216
'223
Hosiery and underwear
.do
29.8
29.5
29.5
29.5
189
'184
Rayon*
_
do
51.4
42.8
52.0
151
Silk*
_do-__.
154
(0
96.5
84.2
98.2
146
133
Woolen and worsted goods
.do
101.4
82.0
76.5
83.7
257
Miscellaneous.
do
'240
85.1
58.8
58.8
60.8
1,003
'1,238
Automobile tires and tubes
do
60.8
93.2
100.7
Paper and pulp
...do.
101.7
171
'139 Wholesale prices of individual commodities:
Brick, com., comp. (f. o. b. p].)..dol. per thous.. 12.832 12.121 12.604 12.723
93
154
Coal:
342
'355
9.939 10.073
Anthracite, chest, comp...dol. per short ton.. 10.209
234
'236
4 658
4.677 4.277 4.618
459
Bituminous, mine run, comp
do
'484
4.823
4.8S3 4.354 4.724
Bituminous, prepared sizes, comp
do
138
'139
.093
.087
.051
.094
Coffee, Rio. No. 7 (N. Y.)
dol. per lb
145
145
.168
.164
.177
.097
Cotton, middling (N. Y.)
do128
'121
Cotton cloth:
'119
131
2053.
12 26 .J9.06
126
Mil] margins
_^. T .cents per lb.. 20.01
133
.080
.078
.050
Print cloth, 64 x 60..
dol. per yd.. .080
134 '
125"
.095
.095
.059
.095
Sheeting, unbleached, 4 x 4
do
147
147
Cotton yarn:
152
152
.373
.227
.413
22/1 cones (factory).
dol. per lb,_ .429
130
128
.433
.481
.325
40/s, southern, Boston
do
154
154
Cottonseed oil, refined, summer, yellow, prime
126
124
.118
.056
.119
(N. Y.)_.__
dol. per lb.. .136
'129
126
Dairy products:
130
153
.36
.35
.29
.37
Butter, 92*score (N. Y.)
do....
154
155
.24
.24
.17
160
Cheese, No. 1 Amer. (N. Y.)
do....
.26
162
170
Milk:
173
56
Condensed (sweetened) (N. Y)
77
5.80
5.48
5.00
5.56
dol. per case'166
157
3.70
3.60
3.10
3.85
Evaporated (unsweetened) (N.Y.).-.do
131
130
2.56
2.49
2.40
2.18
Fluid,
dealers',
stand.
gr_..dol.
per
100
lb..
129
127
1.99
1.92
1.48
1.89
162
Flaxsecd, No. 1 (Mpls.).
_dol. per bu..
137
'147
Grain and grain products:
146
119
Corn:
119
144
.65
.75
.75
.74
No. 3 yellow (Chicago)
.do.__.
149
155
.84
(0
.SI
No. 3 white (Chicago)
do
156
.85
.74
.64
.73
Weighted avg. 5 mkts., all grades
do
.71
Wheat:
COMMODITY PRICES
1.00
1.06
.82
1.14
No. 1, Dark NY. Spring (Mpls.;
do.___
1.09
1.03
.83
L16
No. 2, Red Winter (St. Louis)..
do....
Cost of living:
L14
1.07
.76
No. 2, H?rd Winter (K. C.)
do....
National Industrial Conference Board:
1.12
1.05
.78
Weighted
avg.,
6
mkts.,
all
grades...do
88.9
Combined index
:...1923* 100..
89.4
90.8
85.7
73.8
Wheat flour:
74.5
76.9
73.1
Clothing
.do....
5.76
5.42
4.34
86.2
Standard patents (Mpls.)
dol. per bbL. 6.00
87.3
89.4
78.2
Food
do
5.06
5.34
5.63
87.8
Winter straights (K. C.)
do....
88.6
89.4
85.3
Fuel and light
_•—
do
3.88
88.4
88.6
88.9
Hides:
87.0
Housing.
_
.do
.150
.150
.123
.153
98.7
98.8
99.8
Packers', heavy, native steers
dol. per lb,_
98.1
Sundries
_
.do
.218
.218
.166
.218
Calfskins, packers, 8 to 151b
do.
U. S. Department of Labor:
Iron
and
steel:
108.1
100.4
'105.3
'106.2
Combined index*
1935-39=100..
Pig iron:
101.6 '104.8 '106.9
Clothing*
d o — 110.8
23.50
Basic (valley furnace).--dol. per long ton.. 23.50 22.50 23.50
97.2 106.7 108.0
Food.
d o — 110.8
24.15
24.15 23.15 24.15
Composite
do
99.3 102.3 103.2
Fuel, electricity, and ice*,
d o — 103.7
25.89
25.89 24.89 25.89
Foundry No. 2, northern (Pitts.)
do
100.3 '107.4
'108.9
House furnishings*
d o — 112.0
l
'Revised,
» Preliminary.
No quotation.
• August data are the latest available.
*New series. See note on corresponding item in the September 1941 Survey.
tRevised series. See note on corresponding item in the September 1941 Survey.
BUSINESS INDEXES
Industrial production (Federal Reserve) :f
Unadjusted:
Combined index
1935-39=100
Manufactures
.
do__.
Durable manufactures.-.
do
Iron and steel
do
Lumber and products*
do
Furniture*
do
Lumber*
do.
Machinery*
do.
Nonferrous metals*.
do
Stone, clay, and glass products*_.do
Polished plate glass
do
Transportation equipment*
do
Aircraft*
do...
Automobile bodies, parts and assembly....
1935-39=100,.
Automobiles, factory sales
do
Locomotives*
do.
Railroad cars*___
do
Shipbuilding*
do.
Nondurable manufactures
do.
Chemicals*
..do.
Leather and products-,
,
do
Shoes*
do...
Manufactured food products* d o . . .
Meat packing
do
Paper and products*..
...do
Paper and pulp*..
do
Petroleum and coal products*
do
Coke*
do.
Petroleum refining
do.
Printing and publishing*
do.
Rubber products*
..do.
Textiles and products..
_._do.
Cotton consumption*
do.
Rayon deliveries*..
do
Silk deliveries*
do....
Wool textile production*
do
Minerals
do.
Fuels*
do.
Anthracite
do.
Bituminous coal
do.
Crude petroleum
..do.
Metals*.
—
-do.
Copper*
do.
Adjusted:
Combined index
do.
Manufactures
do.
Durable manufactures
do.
Iron and steel
do.
Lumber and products*
do.
Furniture*
do.
Lumber*
do.
Machinery*
do.
Nonferrous metals*
do.__.
Stone, clay, and glass products*..do....
Polished plate glass
do....
Transportation equipment*
do....
Aircraft*
do....
Automobile bodies, parts and assembly
1035-39=100Automobiles, factory sales
do—
Locomotives*
do
Railroad cars*...
do
Shipbuilding*...
do....
Nondurable manufactures
do
Chemicals*
do—
Leather and products
do—
Shoes*
do—
Manufactured food products*
do....
~"—Meat packing.._'____--:.:'......do.."..
Paper and products*
--do
Paper and pulp*..
do.
Petroleum and coal products*—do,
Coke*
-doPetroleum refining-^
do
Printing and publishing*
do
Rubber products*
do
Textiles and products
do
Cotton consumption*
do
Rayon deliveries*
do—
Silk deliveries*
do
Wool textile production*
do
Minerals.
__
—
do
Fuels*...
do.___
Anthracite
_
do—
Bituminous coal
—
—do—
Crude petroleum
do.
Metals*....
do.
Copper*
.do.
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
1940
Septem- September
ber
1941
July
August
Earlier data are available in monthly issues ol
the Survey and the 1940 Supplement
19U
1940
Septenv September
ber
1941
July
August
COMMODITY PRICES—Continued
FOODSTUFFS AND TOBACCO
Wholesale prices of individual commodities—Con,
Stocks, cold storage, end of month:
Steel:
Butter, creamery
thous. of Ib. 202,670 128,087 178,493 '200,228
Composite, finished steel
..dol. per l b . . 0.0265 0.0265 0.0265 0.0265
Steel billets, rerolling (Pittsburgh)
Cheese, total
.do— 188,400 150,211 168,420 '184,940
34.00
34.00 34.00
dol. per long ton.. 34.00
Eggs:
.0210
Structural steel (Pittsburgh)
dol. per lb.. . 0210 . 0210 .0210
5,432
Shell
:,
thous. of cases.
6,040 6,641 ' 6,131
18.75
Frozen
thous. of lb. 177,940 130,787 195,097 ' 194,006
19.22 18.75
Steel scrap (Chicago)
dol. per long ton.. 18.75
Fish, total (15th of month)
d o . - 102,763 86,321 73,432 '90,885
Lard, in tierces:
.103
.055
Total meats...
..mil. of lb.
.104
Prime, contract (N. Y.)
.dol. per lb._
. Ill
662 1,102
726
'916
.118
.114
Beef and veal.
thous. of lb. 73,410 36,303 65,70S ' 67,489
.071
Kenned (Chicago)
do...
.128
4,109
3,411 3,211 ' 3,306
Lamb and mutton
...do...
Leather:
.415
.300
Pork, total
do... 585,312 564,904 959,146 773,182
Sole oak, scoured backs (Boston)
do
415
.415
.510
.440
Chrome, calf, B, comp
dol. per sq. ft..
. 5lfi
Fresh and cured
d o _ . 366,096 329,214 618,866 485,108
.508
.112
.084
Lard...
__
_._do... 219,216 235,690 340,280 288,074
.113
Linseed oil, N. Y
dol. per lb,
.114
Livestock:
Poultry
_
_
_.do._- 96,413 90,842 81,206 '85,363
11.73
11.50 11.24
Livestock:
Beef steers, Chicago
_dol. per 100 l b - 11.73
11.93
11.47 12.01
Cattle and calves:
Steers, corn fed
...
do
11.71
12.38
11.53 11.94
Receipts, principal mkts..thous. of animals. 2,200 2,175
Calves, vealers
d o . - . 13.50
1,728
10.88
6.59
Disposition:
10.94
Hogs, heavy (Chicago)
d o . . . . lh 42
4.84
3.83
Local slaughter
..do...
1,032
1,033 1,079
1,198
4.41
Sheep, ewes (Chicago)
_do
5.14
10.88
8.54
605
956
Shipments, total
_
do.._
680
1,083
10.75
Sheep, lambs
_do_..
10.98
235
514
328
Stocker and feeder._
__
...do....
Lumber:
Hogs:
Douglas fir:
2,004
1,895
Receipts, principal markets
__do___
Dimension, No. 1, com.*.dol. per M bd. ft. 27.146 24.500 25.970 25.970
2,302 2,036
Disposition:
Flooring, " B " and better.
. d o . . . . 38.S08 33.320 36.260 36.260
1,361
1,692 1,473
1,488
Local slaughter
..do
Southern pine
flooring
do
51.704 46.010 51.446 54.393
529
560
504
Ponderosa pine, 1 x S, No. 2, common.-do... 35.370 29.710 33.520 33.870
601
Shipments, total
..do...
43
54
Meats:
37
Stocker and feeder
_do
.176
.192
Beef, fresh, native steers (Chi.)...dol. per lb.
. 176
.171
Sheep and lambs:
.285
Hams, smoked (Chicago)
do....
.296
2,023
.183
.275
Receipts, principal markets...
do.... 2,465 2,523
1.470
Nitrate of soda. 95 pet. (N. Y.)~-dol. per cwt.
1.494 1.450
Disposition:
1.470
954
1,004
Nonferrous metals and products:
Local slaughter
do...
971
1,104
.1100
Aluminum scrap, castings, N. Y.dol. per l b . . . 1100 .0855 .1100
924
1,530
1,406
Shipments, total.
do...
241
.1178
Copper, electrolytic (N. Y.)
do.— . 117S .1130 .1181
377
610
592
Stocker and feeder
_„do...
.0585 Tropical products:
Lead, refined, pig, desilverized (N. Y.)_.do—. . 0585 .0493 .0585
1,879
1,044 2,064
1,780
.5236
.5032 .5335
Tin, Straits (N. Y.)__
d o . - . .5200
Coffee, visible supply, U. S
thous. of bags.
. 0725 Tobacco, manufactured products:
Zinc, prime western (St. Louis)
do
0725 .0692 .0725
Consumption (tax-paid withdrawals):
.195
;i87
Brass sheets, mill..
do
195
.195
.140
.115
Small cigarettes
_.
millions. 18,761 14,890 18,404 17,777
.140
Oleomargarine, stand., uncolored (Chi.)..do
140
Large cigars
...thousands. 506,071 475,725 487,033 491,028
Petroleum and products:
Mfd. tobacco and snuff
thous. of lb. 29,756 28,729 28,835 27,462
Crude petroleum (Kans.-Okla.).dol. per b b l - 1.110
1.110
1.110
Fuel oil (Pennsylvania)*
_dol. per gal..
.059
.058
.057
.040
METALS AND MANUFACTURES
.149
Gasoline, tank wagon (N. Y.)
do
149
.149
.124
.060 Steel, crude and semimanufactured:
Gasoline, refining (Okla.)
do
060
.060
.046
Castings, steel:
.062
.059
.049
Kerosene, water white, 47°, refinery
do
063
.143
83,545 175,892 147,316
Orders, new, total
short tons.
.140
.094
Lubricants, cylinder, refinery (Penn.). do
154
28,018 77,669 52,207
Railway specialties
do...
1.806
Potatoes, white (N. Y.)
dol. per 1001b.. 1.845 1.675 1.970
64,122 112,364 117,703
Production, total
do...
Rayon, viscose, 150 denier, first quality mini21,152 43,320 44,290
Railway specialties
do....
.530
mum
filament*
dol. per lb..
.542
Furniture, steel:
2.45
Rosin, gum, " H " (Sav.), bulk..dol. per 100 lb..
2.49
2.13
1.61
Office furniture:
Rubber, crude* smoked sheets (N. Y.)
4,259
2,601 4,981
Orders, new
thous. of dol..
.227
dol. per lb..
.22G
.222
.193
8,058
1,495 7,939
Orders, unfilled, end of month
do....
3.080
Silk, raw, Japanese, 13-15 (N. Y.)
d o . . . . 3.080 2.561
3.049
4,139
2,392 4,349
.037
Shipments
do....
.027
Sugar, raw, 90°, centrifugal (N. Y.)
do
036
.035
.052
Shelving:
.043
Sugar, refined, granulated (N. Y.)
doi _..
.052
.050
999
.667
639 1,182
Orders, new
_do
.308
Turpentine, gum, spirits (Sav.) dol. per gal,.
. 756
.472
1,765
.145
498 1,932
Orders, unfilled, end of month
do
.090
Veg. shortenings, tierces (Chi.)
dol. per lb—
. 153
.143
3.53
1,166
634 1,082
3.46
Shipments
do
Wood pulp, sulphite, unbl
dol. per 100 lb—
3.71
3.46
Nonferrous metals:
Wool:
Copper:
1.05
.92
Raw, territory, fine scoured.„___dol. per l b . .
1.06
1.07
Production:
.46
Raw, Ohio and Penn.
fleeces..
do
48
.47
.40
Mine or smelter (Including custom inSuiting, unfinished worsted, 13 oz. (at mill)
take)
short tons.. 82,071 78,238 82,099 ' 84,695
2.129
dol. per yd.. 2.228 1.918
2.089
80,961 82,843 86,879 '85,426
1.330
Refinery
do
Women's dress goods, Fr. serge
do
1.391
1.312
1.114
Deliveries, refined, total
do.... L20,429 96,485 .43,122 117,486
1.700
Worsted yarA, 2/32's (Boston)....dol. per l b . . 1.740
1.675
1.288
L20,429 96,485 .43,089 117,486
Domestic._
do
DOMESTIC TRADE
33
0
0
0
Export
...do
63,670 L85,313 74,384 '71,930
Stocks, refined, end of month
do
Retail trade:
Chain-store sales, indexes:
Electrical equipment:
Drug chain-store sales:*
Domestic appliances, sales billed:
Unadjusted
..1935-39«=100.. («•)
108.9 p 113.0
Combined index, excluding refrigerators:*
158.6
112.2 ' 1 9 9 . 6
Adjusted.
do
(•)
Unadjusted index
1936=100..
114.3 P 118.9
102.7
162.9
201.9
112.2
Adjusted index.
_do
Variety-store sales, combined sales, 7 chains: t
113.1
Unadjusted
1935-39=100.. *120.2 103.9
Electrical products:
111.9
243.0
240.8
123.9
128.9
Industrial
materials,
sales
billed
do.__.
Adjusted
___
d o . . . . * 125.1 108.1
122.2
307.0
161.3 ' 4 4 4 . 1
Motors and generators, new orders
do
FINANCE
294.4
119.6 ' 3 4 2 . 4
Trans, and dist. equip., new orders
do
Life insurance written (Ass'n of Life Ins. Pr.):
RUBBER AND PRODUCTS
Policies and certifs., total number..thousands..
738
731
731
691
Group
do
62
44 Crude rubber:
28
50
55,365
Industrial
do
431
450
Consumption, total__
long tons.. 53,655 52,469 68,653
443
438
237
Ordinary
do
245
220
243
Stocks:
90,591
139,784 137,8SS 132,304
Value, total..
thous. of dol.. 699,540 549,955 561,422 646,769
Afloat for United States
do
Group
d o . . . . 130.229 40,720 84,206 73,412
United States
_
do.— 173,68-1 220,597 395,216 446,008
Industrial
d o . . . . 128,493 127,974 128,783 131,329 Reclaimed rubber:
Consumption.
___
do.... 24,032 14,835 21,725 r 20,864
Ordinary
_
do
440,827 S81,261 448,433 442,028
Production
d o — 24,678 16,379 23,111 24, 111
Security markets:
38,055 29,039 36,751
Stocks, end of month
do
Bonds:
Prices:
STONE, CLAY, AND GLASS
Average price of all listed bonds (N. Y. S. E.)
PRODUCTS
94.86
dollars.. 94.74 92.08 95.04
98.92
98.58 Portland cement:
Domestic
do
98.27 96.56
16,345
Productionthous. of bbl.. 16,115 13,105 16,000
48-85
Foreign..
_
do
50.79 43.07 47.11
I7.S25
18,284 14,741 16,687
Shipments
_
_do
Value, issues listed on N. Y. S. E.:
19,732
Stocks, finished, end of month
__do— 17,563 19,921 21,178
Face value, all issues
—.mil. of dol-. 56,387 53,913 56,041 56,101
5,522
' 5,219
4,829
4,912
Stocks, clinker, end of month
do
Domestic issues
.do
52,192 49,400 51,830 51,900
14,126
4,201 Plate glass, polished, production.thous. of sq. ft.. 14,906 14,091 12,463
Foreign issues
do
4,195 4,514
4,205
1,002
1,281
1,267
thous. of boxes.. 1.123
Market value, all issues..
do
53.418 49,643 53.260 53,217 Window glass, production
61.7
78.9
78.1
69.2
Domestic issues
do
51,287 47.699 51,279 51,165
Percent of capacity.
2,052
Foreign issues
do
2,131 1,944
1,981
TEXTILE PRODUCTS
Silk:
Stocks:
2,069
Deliveries (consumption)
bales.. 4,685 28,828 28.52S
Shareslisted.N.Y. S.E.:
Stocks, end of month: United States (wareMarket value, all listed shares
do
40,984 41,492 41,654 41,472
53,088
1,464
houses;..
d o — 53,008 44,454 47,208
Number of shares listed
millions.. 1,463 1.453
1,463
' Revised.
p Preliminary.
* Data for August are the latest available.
•New series. See note on corresponding item in the September 1941 Survey, f Revised series. See note on corresponding item in the September 1941 Survey.
@FedFRASER