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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 29, 1942 SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION (1935-39- 100) BITUMINOUS COAL PROCRJCTTON (OAILY AVERAGE-THOUSANDS OF TONS) ELECTRIC POWER PRODUCTION (BILLIONS OF KILOWATT HOURS) ^ 1942 1940 J 1941 -^ J PRICES OF 354 INDUSTRIAL STOCKS (1935-39 » 100) II 0 1 I COST OF LIVING (1935-39- 100) MONTHLY DATA 100 y 1939 1940 1941 1942 . , 1, , 1 , . 1 .. 193d ,-, 1 . . 1 , , 1 , . ,. i , , i . . i . . WEEKLY BUSINESS STATISTICS * 1943 1941 1942 1941 Oct. 24 Oct. 17 Oct. 10 Oct. 25 Oct. 18 Oct. 24 Oct. 17 Oct. 10 Oct. 25 Oct. 18 Finance—Continued. Commodity prices, wholesale: Federal Reserve reporting member banks: 91.7 91.2 All commodities 1926=100.. Deposits, demand, adjusted..mil. of.dol.. 28,431 28,183 27,819 24,382 89.8 88.1 108.9 107.9 Farm products do 37,714 35,908 35,975 29,618 Loans and investments, total do 88.4 87.5 103.3 103.1 Food _ do 23,931 22,149 22,179 14,653 93.1 U. S. Govt. obligationscf do 93.0 All other do i>95.6 J-95.7 Commercial, industrial, and agricul28 basic commodities©. .August 1939=100.. 170.0 169.7 169.8 152.2 149.6 6,330 6,556 .163 tural loans ..mil. of dol.. 6,347 .163 Cotton, mid., *M«", 10 mkts.t~d.ol. per lb_. .190 .187 .189 178 173 132 1.10 145 Failures, commercial number.. 1.13 Wheat, No. 2, hd. win. (K. C.).dol. perbu.. 1.20 1.21 1.20 3.28 3.31 3.30 131 130 Bond yields (Moody's)t percent.. 3.31 159 Department store sales 1935-39=100.. 152 79.5 72.7 74.9 Stock prices (Stan. & Poor)A-1935-39=100.. 75.0 Finance: Production:Bank debits, member banks in 101 cities:! 1,863 1,910 1,900 Bituminous coalj thous. of short tons.. 9,822 11,216 9,081 Total... mil. of dol._ 11,303 3,702 3,341 3,717 4,320 3,377 3,781 Electric power ...mil. of kw-hr.. 4,707 3,812 New York City do 3,902 3,857 4,099 Currency in circulation! do Petroleumt --thous. of bbl_. 14.009 13,939 13,854 10,285 10,280 2,313 4,494 4,042 3,784 2,291 Federal Reserve bank credit, total do Steel® — 1935-39=100.. 193.5 192.0 188.9 181.0 914 910 901 12,304 12,303 11,801 12,749 13,321 Member bank reserve balances do Freight carloadings, total thous. of cars.. 406 434 432 2,352 2,713 2,291 Excess reserves, estimated do Miscellaneous do 4,655 5,234 ended October 31, 193.7. ©Thursday prices. tDaily average. ®Inriex for week • Data do not cover calendar weeks in all cases. v Preliminary, A402 stocks. (^Direct and guaranteed. 1 Debits to demand deposit accounts, except interbank and U. S. Government accounts, in 101 cities. 24,640 29,385 14,377 6,568 178 3.23 79.6 1,897 3,314 4,111 182.1 923 407 MONTHLY BUSINESS STATISTICS 1943 1941 1942 Earlier data are aTulable in monthly issues of the Survey and the 1940 Supplement Septem- Septem- July August ber ber 1943 1942 1941 Earlier data are arailable in monthly issues of the Surrey and the 1940 Supplement Septem- Septem- July August ber ber BUSINESS INDEXES BUSINESS INDEXES—Continued Cash income from farm marketings: Industrial production (Federal Reserve)—Con. Crops and livestock, combined index: Unadjusted—Continued. Unadjusted.._ _ 1924-29=100. 136.0 ' 157.5 144.5 Manufactures—Continued. Adjusted d o . . . 9 1.45. 5 110.0 131. 5-- f 143. 0 Nondurable manufactures 1935-39=100.. M49 Crops __ do,__ »129. 5 ' 121.0 105.5 99.0 »174 Chemicals* do Livestock and products d o . . . * 160. 5 120.0 155.0 ' 162. 0 Leather and products do.— »112 Dairy products _ do... 9 142.0 130.0 ' 139. 5 122.5 Shoes*.. do---_ Meat animals.. __'_ do._. 9 180.0 177.0 rl83.5 129.0 Manufactured food products** do.._. Poultry and eggs . d o . . . 9 138. 5 135.5 ' 143. 0 88.5 Meat packing ..do— Industrial production (Federal Reserve): Paper and products* do rl87 Unadjusted, combined index J 1935-39=100.. 167 181 Paper and pulp* do rl96 Manufactures! _. do. 172 189 »201 Petroleum and coal products* do r260 206 252 Durable manufactures! do 1 *265 165 Coke* do 148 140 Lumber and products* do. ... »135 138 Petroleum refining do 156 137 Furniture* do. M38 '136 1O7 Printing and publishing* d o — 144 141 Lumber* do. J>133 '139 Textiles and products ...do— 228 287 Machinery*.. .do. *305 '299 172 Cotton consumption* d o — 191 191 Nonferrous m e t a l s * ^ do »190 '189 152 175 109 Rayon deliveries*? do— Stone, clay, and glass products* do C) '160 .428 245 Wool textile production* d o — Transportation equipment*\ do C) 481 '460 144 134 116 Tobacco products do— Auto bodies, parts, etc.* do '124 •Data for August are the latest available. ' Revised. * Preliminary. JSee note marked "f" on p. S-2 of the October 1942 SURVEY. •New series. See note on corresponding item in the October 1942 SURVEY. 489928-42 145 148 129 132 159 119 149 151 134 153 131 125 151 157 168 1G9 132 139 165 113 114 M56 138 122 121 117 165 110 96 154 166 163 159 131 144 '170 '114 '116 M66 '132 130 130 121 '165 114 '102 '153 169 M6S 153 135 MONTHLY BUSINESS STATISTICS—Continued 1942 1941 Earlier data are available in monthly issues of the Survey and the 1940 Supplement Septem- September ber 1943 July August Bituminous coal... _. do... Crude petroleum.. do... Metals** do... Adjusted, combined index?. do... Manufactures* do... Durable manufactures*- _do.._ Lumber and products* do... Furniture* do... Lumber*... __ do... Machinery*.. _ do... Nonferrous metals** do... Stone; clay, and glass products* d o . . . Transportation equipment**... I...do._. Auto bodies, parts, etc., _ 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* do... Petroleum refining do... Printing and publishing* do... Textiles and products do... Cotton consumption* do Rayon deliveries* * do Wool textile production* do._ Tobacco products ...do Minerals*.... do_._ Fuels*.. do^__ Anthracite -do... Bituminous coal do Crude petroleum do Metals** do.... COMMODITY PRICES Cost of living (XJ. S. D e p t . of Labor): Combined index* 1935-39*100.. Clothing* do.... Foodf --...do.... Fuel, electricity, and ice* do Housefurnishings* do Rent* do.... Miscellaneous* .do C O N S T R U C T I O N AND REAL ESTATE Contract awards; 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 projects numberTotal valuation _ _ _ thous. of dol. Building, total _ do... DOMESTIC TRADE Newspaper advertising: Linage, total (52 cities) thous. of lines.. Classified do.... Display, total do Automotive do Financial do..;. General do... Retail do. Retail trade: All retail stores, total sales*.. _ . . . . . m i l . of dol_. Durable goods stores* do Nondurable goods stores*.._ .do All retail stores, indexes of sales;* Unadjusted, combined index. 1935-39= 100.... Durable goods stores.__ do Nondurable goods stores do Adjusted, combined index 1 do Durable goods stores _ .do Nondurable goods stores _ ..do Chain-store sales, indexes: Chain-Store Age, combined index (20 chains) average same month 1929-31=100.. Apparel chains _.do Grocery chain-store sales:f Unadjusted .. 1935-39=100.. Adjusted—,.... ____-_.do____ Varietyrstore sales, combined sales, 7 chains;f Unadjusted _ .1935-39=100.. Adjusted.... do Rural sales of general merchandise*: Total U. S., unadjusted 1929-31=100.. Total U . S., adjusted ..do.... Mail-order and store sales: * Total sales, 2 companies... thous. of dol._ Montgomery Ward & C o . .do Sears Roebuck & Co ...do 138 130 127 144 124 182 161 166 202 136 149 129 228 192 157 245 134 137 146 120 118 130 139 144 149 132 153 128 125 151 157 168 169 121 131 129 132 141 124 145 132 121 122 141 11L 198 180 188 250 136 147 130 287 191 134 428 116 138 172 117 117 p 143 146 127 127 114 163 109 106 154 166 168 159 121 132 128 156 160 112 157 rlO8 > 103 117.8 125.8 126.6 106.2 123.6 108.0 111.4 108.1 110.8 110.7 103.7 112.0 106.8 105.0 167.0 125.3 124.6 106.3 122.8 108.0 111.1 '117.5 '125.2 126.1 106.2 '123.0 '108.0 111.1 194 65 172 65 162 105 161 105 232 75 206 74 '194 '64 '182 '65 137 p 128 p 129 p 150 p 119 p 189 P185 *195 »263 P P123 M32 p 190 P4S1 v 127 P140 .M72 P105 P99 M48 P16 8 16 172 169 H30 »127 P119 * 153 ' 136 ' 126 118 140 M21 -195 183 '192 '257 127 M32 125 '299 July August Capital flotations: Securities issued, total thous. of dol. New capital, total do... Domestic, total ...do... Corporate, t o t a l . — _.do..._ F a r m loan and other Government agencies thous. of dol. Municipal, State, e t c . do... Refunding, total do... Domestic, total do... Corporate, total do.... F a r m loan and other Government agencies thous. of dol. Municipal, State, eto .do... 100,977 45,085 45,085 28,446 0 16,639 55,893 55,393 30,437 273,902 64,840 64,840 34,265 142,151 40,679 40,679 27, 510 161, G45 103,072 103,072 58,600 0 2,515 30,575 10,654 209,122 101,472 209,122 101,472 161,391 32,719 0 44,472 58,573 58,573 6,018 49,925 2,630 18,400 ,95 32,260 6,556 20,776 36,493 ELECTRIC POWER M60 rl24 140 M73 P144 '153 131 131 120 r 165 113 '110 '153 169 168 153 130 '133 '129 160 152 '118 153 30,558 41,497 33,100 30,055 943,796 721,028 723,216 593,568 394,001 616,448 507,875 L04,506 22,658 81,847 2,481 1,099 15,572 62,695 .07,160 21,745 85,415 2.980 1,534 15,343 65,558 89,411 20,085 69,326 2,316 "1,616 13,987 51,407 94,963 21,931 73,032 2,146 1,022 13,195 56,669 4,879 850 4,029 4,583 1,062 3,521 4,448 818 3,631 '4,678 '856 '3,822 153.8 109.9 167.8 147.5 104.7 161.4 144.5 137.2 146.9 139.8 137.8 140.5 134.9 101.8 145.7 146.8 104.6 160.5 142.7 105.8 154.7 '151.4 '106.5 '166.0 183.0 220.0 148.0 164.0 177.0 200.0 182.0 212.0 F 168.8 172.2 145.0 147.9 172.4 167.3 174.3 137.8 143.4 120.4 125.3 132.2 143.4 124.8 142. a 214.2 202.6 183. S 173.9 137.3 188.1 160.8 196.6 42,022 145,495 104,118 113,447 "1,495 59,780 42,521 48,741 80,527 85,714 61,597 64,706 ' Revised. > Preliminary. • Data for August are the latest available. * New series. See note on corresponding item In the October 1942 S U R V E T . t Revised series. See note on corresponding item in th< " " the October 1942 S i \ See note marked "f" on p. S-2 of the October 1942 Su iURVET. 1942 FINANCE B U S I N E S S INDEXES—Continued Industrial production (Federal Reserve)—Con. "Unadjusted—Continued. Minerals* 1935-39=100 Fuels*... ..do.. AnihFacite-^--:r.i I ; . . . . . : . . d 1943 1941 Earlier data are available in monthly issues of the Survey and the 1940 Supplement Septem Septem' ber ber Electric power, production, t o t a l • mil. of kw.hr. By source: Fuel do... Water power do... B y type of producer: Privately and municipally owned electric utilities mil. of kw.hr_. Other producers do._.. FOODSTUFFS AND TOBACCO Tropical products: Coffee, visible supply, U. S thous. of bags.. Tobacco manufactured products: Consumption (tax*paid withdrawals): Small cigarettes. ..millions.. Large cigars thousands.. Mfd. tobacco and snuff thous. of lb_. 14,304 16,005 10,202 10,»44 10,304 5,214 4,000 10,877 10,940 '5,315 13,804 2,353 12,802 1,501 14,047 1U5 14,047 " 2, 214 539 1,780 973 795 21,798 18.761 20,875 519,976 506,071 510,823 27,329 29,756 27,013 20,941 498,872 25,329 16,157 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.... do.... Stocks, end of month: Residualfuel oil _.do Gas oil and distillate fuels .....do.... Motor fuel: Production, total do Benzol .._do._.. Straight-run gasoline .do Cracked gasoline .do Natural gasoline ".. .do Stocks, gasoline, end of month: Finished gasoline, totalj do.... At refineries. .do Natural gasoline.. :._.do Kerosene: Production do Stocks, refinery, end of month ..do Lubricants: Production.. ... do.-~ Stocks, refinery, end of month do— LEATHER AND PRODUCTS Hides and skins: Livestock (Federally inspected slaughter): 513 Calves ...ithous. Of animals.. Cattle do.... 1,159 3,843 Hogs do 2,223 Sheep and lambs ....do 121,481 111,555 119,446 111,782 78 114,135 120,429 80 54,105 36,073 200,658 38,201 162,457 53,167 36,240 199,025 37,227 161,798 28,118 30,096 16,024 16,149 30,446 17,052 25,224 7,252 39,726 37,729 8,103 42,918 60,167 49,302 <•)' 266 51,105 19,088 23,946 6,804 19,192 25,387 7,028 72,761 71,657 46,417 48,585 4,870 6,588 71,403 47,924 6,405 5,949 11,662 5,134 7,480 5,340 8,261 3,427 7,415 3,133 8,945 3,141 9,301 447 1,004 2,920 1,567 461 1,048 3,886 1,705 460 1,103 3,223 1,840 257,618 *)8,276 241,178 292,405 $05,010 243,620 19,335 L48,480 156,446 253,239 255,563 154,122 210,549 231,691 77,962 78,657 76,952 83,560 80,252 76,181 223,189 79,885 79,556 63,847 34,875 203,481 41,975 161,506 30,198 5,664 PAPER AND PRINTING Newsprint: Canada: Production short t o n s . . Shipments from mills do Stocks, at mills; end of month ....do United States: Consumption b y publishers .do Production .do Shipments from mills. do Stocks, end of m o n t h : At mills do.__. At publishers. do I n transit ot publishers do TEXTILE PRODUCTS Cotton spindle activity: Active spindles _ thousands.. Active spindle hours, t o t a l . . . . m i l . of h r s . . Average per spindle in place hours.. Operations ..^percent of c a p a c i t y . . 12,551 11,864 17,820 18,149 155,263 !41,8S4 418,985 430,409 35,454 40,270 52,538 22,956 11,191 468 134.9 22,978 10,437 '430 124.0 23,110 11,484 479 130.2 22,974 10,981 45S 136.4 1 Excludes for East Coast district, stocks of "shuttle oil" and stocks transferred to the U. K. pool board. * Data not available. • See note on corresponding item in the October 1942 SURVET. U, 3, GOVERNMENT PRINTING OFFICEi *S4i