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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C, SEPTEMBER 10, 1942
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
(1935-39*100)
E00
ELECTRIC POWER PRODUCTION
INCOME PAYMENTS
DEPARTMENT STORE SALES
(SEASONALLY ADJUSTED (923-25-100)
MONTHLY
MONTHLY DATA
130
160
120
140
I 10
^
100
-
—
fcd
(THOUSANDS OF CARS)
(SEASONALLY ADJUSTED 1935-39-100)
180
120
TOTAL FREIGHT
(BILLIONS OF KILOWATT HOURS)
DATA
A K
A h1
v/
100
r——
90
80 , . , . . 1 , . i , ,
i
i.. i..
80
, , I , , 1 , , 1 , , •
, , i , , i , , i , ,•
, , ! . . 1 , , 1 . ,. , i , , i . . i , .
1940
1941
1942
WEEKLY BUSINESS STATISTICS *
1942
1941
1943
Sept. 5 Aug.29 Aug.22 ;Sept.6 Aug. 30
Commodity prices, wholesale:
All commodities—
1926=100..
Fann products
_.do.
Food.
do.
All other
do,___
28 basic commodities©—August 1939=* 100—
Cotton, mid., * W , 10 mkts.J-dol. perlb-.
Wheat, No.2, hd. win. (K. C.).dol. perbu..
Department store sales
1935-39=100- Finance:
Bank debits, member banks in 101 cities:!
Total
mil. of dol..
New York City._
_
do....
Currency in circulation
--._..do
Federal Reserve bank credit, total
do
Member bank reserve balances
do
Excess reserves, estimated..
do
*98.9 »98.9
91.0
106.0 106.4 . 89.1
100.8 88.6
100.
P95.
91.4
167.4 166.5 166.'9 153.8
.186 .171
.186
.18'
1.13 1.12
l.l:
1.17
116
132
122
90.6
88.6
88.2
91.1
152.7
165
1.08
152
8,694 9,916 7,891 8,118
3,242 3,819 3,225 3,255
13,096 12,974 10,035 9,936
3,642 3,525 3,615 2,241 2r2Sl
12,418 12,526 12,653 12,884 12,998
2,260 2,342 2,103 4,857 4,994
9,829
3,881
1941
Sept. 5 Aug.29 Aug.22 Sept. 6 Aug.30
Finance—Continued.
Federal Reserve reporting member banks:
Deposits, demand, adjusted-.mil. of dol.,
Loans and investments, total
_,do
U. S. Govt. obligationscf1
—do
Commercial, industrial, and agricultural loans
—
.mil. of dol..
Failures, commercial.
.number..
Bond yields {Moody'tft
percent,.
Stock prices (Stan. & Poor) A~1935-39=100,.
Production:
Bituminous coalj
thous. of short tons,.
Electric power
mil. of kw.-hr..
Petroleum!
_
thous. of bbl..
Steel®
.._ 1935-39=100..
Freight carloadings, total
thous. of cars..
Miscellaneous
do—
27,217 27,168 26,718 24,349 24,453
34,457 34,504 34,517 29,238 29,107
20,580 20,564 20,425 14,567 14,608
6,282 6,343 6,390 6,222 6,183
141
147
200
145
3.33 3.34 3.29 3.29
68.4
83.7 83.3
~~3.~33
68.9
187.0
1,877 1,821
3,640 3,674
3,964 3,972
186.5
899
419
403
1,870
3,261
4,005
178.6
913
2,002
3,133
3,815
178.2
798
• Data-do not cover-calendar weeks in all cases.
» Preliminary." — ^ T h u r s d a y prices.
JDaily average.
®Index for week ended September 12, —
J Debits to demand deposit accounts, except interbank and XJ. s. Government accounts, in 101 cities.
^Direct and guaranteed.
A402 stocks.
MONTHLY BUSINESS STATISTICS
Earlier data are arailable in monthly issues of
the Surrey and the 1940 Supplement
1942
1941
1943
August August June
July
COMMODITY PRICES
Prices received by farmers:
U. S. Department of Agriculture:
Combined index
1909-14=100.
Chicke.n and eggs
...do...
Cotton and cottonseed
do,..
Dairy products
do...
Fruits
_
do...
Grains
.do...
Meat animals
_
do...
Truck crops
do-..
Miscellaneousdo...
131
163
156
151
151
126
115
200
256
173
130
128
135
100
99
155
M36
128
151
137
153
141
148
116
191
169
134
154
145
155
144
131
115
193
200
139
p 101
*138
76
* 117
»107
106
144
82
122
120
100
122
•-85
121
106
83
113
67
*92
DOMESTIC TRADE
Department stores:
Sales, total U. S., unadjusted
Atlanta
Boston
Chicago
Cleveland
•» Preliminary.
480972—42
1923-25=100.
..1935-39=100.
1923-25=100.
1935-39=100.
1923-25=100.
86
Earlier data are arailable in monthly issues of
the Surtey and the 1940 Supplement
DOMESTIC TRADE—Continued
Department stores—Continued.
Sales, total D. S., unadjusted—Continued.
Dallas
1923-25=100.
Kansas City
1925=100
Minneapolis
1935-39=100
New York..
1923-25=100.
Philadelphia
.....1935-39=100.
Eichmond
...do...
St. Louis..
1923-25=100.
San Francisco
...
..1935-39=100,
Sales, total XT. S., adjusted
1923-25=100.
. Atlanta
1935-39=100.
Chicago
,
.do...
Cleveland
1923-25=100.
Dallas
_
do...
Minneapolis
.1935-39=100.
New York,..
1923-25=100,
Philadelphia
1935-39=100.
Eichmond
do...
St. Louis
1923-25-100.
San Francisco
1935-39«100,
' Eevised.
1943
1941
1942
August August June
P109
»109
M15
M28
M56
»148
M29
4
M22
"155
M94
M41
»166
128
106
127
100
115
140
106
154
134
163
154
145
166
145
134
155
185
141
168
109
98
'117
92
'116
141
99
137
104
144
125
109
123
^ 117
96
9
122
148
108
149
July
100
83
94
81
92
120
87
* 131
121
164
F13J
m
143
133
114
130
170
'126
»157
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
FINANCE
Federal Eeserve banks, end of mo.:
Assets, total
mil. of dol.
Res. bank credit outstanding, total
do..
Bills discounted
„
...do..
United States securities
do..
Reserves, total
do...
Gold certificates
do...
Liabilities, total
do...
Deposits, total
do...
Member bank reserve balances
do._
Excess reserves (estimated)
do. __
Federal Reserve notes in circulation
do._ _
Eeserve ratio
_
do.
Monetary statistics:
Gold, monetary stock, V. S—
...do
Currency in circulation, total
_do.__
.Public finance (Federal):
Debt, gross, end of month..
do—~
Public issues:
Interest bearing
...do...
Noninterest bearing
.--do—
Special issues to Government agencies and
trust funds
mil. of dolObligations fully guaranteed by U. S. Govt.:
Total amount outstanding
_ mil. of dol.
Expenditures, total
...do.-National defense!
-—do_-Agricultural adjustment program
do...
Unemployment relief
do...
Transfers to trust accounts!
do,__
Interest on debt
__
-do...
Debt retirements
do...
Allotherf—
--do.
Receipts, total.
do.
Receipts, net
----do.._
Customs
do....
Internal revenue, total
do...
Income taxes
.do..Social Security taxes
do...
Security markets: * „
Bonds:
Prices: U. S. Treasury.....
dollars.
Yields:
Moody's:
Domestic corporate
percent.
By rating:
Aaa
do.
Aa
.._
-do.
A
___
do.
Baa
do.
By groups:
Industrials
do___
Public utilities.
do_-_
Rails
_
do.,U. S. Treasury bonds
do__„
Stocks:
Cash div. paym'ts and rates (Moody's):
Total annual payments at current rates
(600 companies)
mil. of dol..
Number of shares, adjusted
millionsDividend rate per share (weighted average)
(600 companies)
dollars,
Banks (21 companies)
-do
Industrials (492 companies)
do
Insurance (21 companies)
do
Public utilities (30 companies)
do
Rails (36 companies)._
do
Prices:
Dow-Jones & Co., Inc. (65 stks.)
dol. per share..
Industrials (30 stocks)....
do
Public utilities (15 stocks)
do
Rails (20 stocks)
_
do_.._
New York Times (50 stocks)
do
Industrials (25 stocks)
—.do
Railroads (25 stocks)
do
Yields:
Common stock (200), Moody's
percent..
Banks (15 stocks)
do
Industrials (125 stocks).
do.
Insurance (lOstocks)..
do
Public utilities (25 stocks)
do____
Rails (25 stocks).
do....
1942
1941
1943
Augusi Augu:
June
July
25,29
3,564
23,833
2,275
24,67!
2,77i
25,139
3,345
3,426
20,803
20,57t
25,29S
13,952
12,33*
2,142
10,15:
86.:
2,184
20,571
20,314
23,833
15,521
12,794
4,796
7,080
91.0
2,64£
20,83C
20,566
24,672
13,95:
12,305
2,362
9,37
3,145
20,802
20,546
25,139
14,159
12,492
2,130
9,721
87.1
'22,751
'13,204
22,719
22,73
12,383
22,744
12, 739
81,68,
50,936
72,422
77,136
72,982
44:
43,916
550
64,083
454
442
thousands..
_
do—.
do—
do—.
do
do
___do—.
do
-do—.
do.__.
do
do
1942
1941
July
July
May
1943
June
196
257
151
16S
192
149
140.
155.
126.
270
432
167
203
254
164
170.
190.
153.
••314
' 545
'166
202
256
'160
'172.9
' 193.2
155.1
34,939 36,341
13,087 14,133
923
961
2,100 1,909
3,362 3,442
6,837 6,667
4,300 4,309
4,292 4,958
36,665
14,302
921
1,991
3,484
6,606
4,324
5,037
BUSINESS INDEXES
8,262
6,470
7,885
8,225
4,548
4,531
3,827
31
72
797
58h
22
748
155
232
6,928
1,564
1,130
27
106
15
g
34
244
554
397
35
500
59
173
2,086
42
4,551
5,162
4,494
47
70
249
34
2
264
794
747
24
742
273
53
109.9
111.1
110.7
110.2
3.34
3.29
3.37
3.35
2.81
2.99
3.27
4.28
2.74
2.90
3.24
4.27
2.85
3.01
3.31
4.33
2.83
2.99
3.28
4.30
2.94
3.09
3.98
2.02
2.90
3.06
3.92
1.94
2.97
3.12
4.
1.97
2.94
3.09
4.02
2.00
5,21.
4,882
30
52
1!
390
207
2,494
2 41
1
2,424
[,646.14 1,822.61 L,675.01
938.08 938.08 938.08
675.81
938.08
1.75
2.81
1.71
2.69
1.74
1.75
1.94
3.01
1.93
2.59
1.92
1.56
1.79
2.81
1.76
2.69
1.74
1.66
1.79
2.81
1.75
2.69
1.74
1.75
35.46
106.08
11.51
26.19
73.10
,26.93
19.26
42.99
:26.67
18.50
30.19
91.32
LOO. 33
22.36
34.20
.03. 75
11.93
23.59
71.07
[25.05
17.10
35.54
106.94
11.75
25.63
73.26
129.42
18.71
6.3
5.1
6.0
4.7
8.0
7.5
5.9
4.6
5.9
3.9
6.4
6.0
6.6
5.6
6.4
4.8
8.4
7.8
6.4
5.5
6.1
4.7
8.2
7.7
4,351
825
69
270
228
68
449
440
2,001
59
40
5
4,463
840
66
247
224
55
784
386
1,861
47
19
11
3,386
661
57
204
154
45
378
359
1,528
82
55
9
3,322
605
54
203
194
40
346
363
1,517
71
46
7
TEANSPORTATION
Freight-car loadings (A. A. R.):1
Total cars
_
Goal..
Coke.
_
Forest products
Grains and grain products,.
Livestock
_
Merchandise, 1. c. 1
_
Ore
Miscellaneous
Freight-car surplus, total
;
Box cars
Coal cars
_
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
Mfrs.' orders, shipments, and inventories:
New orders, total....
Jan. 1939=100.
Durable goods
do
Nondurable goods
do
»16
Shipments, total
average month 1939=100
Durable goods
do
Nondurable goods
do.
»163
>174.
Inventories, total
do.
M96.
Durable goods
do.
Nondurable goods
do.
EMPLOYMENT AND WAGES
Employment:
E m p l o y m e n t estimates, u n a d j . (TJ. S. Dept.
of Labor) :§
Employees in nonagri. estab., total
thousandsManufacturing
do...
Mining
_
do...
Construction
_
_
do...
Transportation a n d public u t i l i t i e s . . . d o . _.
Trade
do.
Financial, service, a n d misc
do.
Government
do.
FINANCE
Security m a r k e t s :
Bonds:
Prices, Standard and Poor's Corporation:
High grade (15 bonds)..dol. per $100 b o n d .
M e d i u m a n d lower grade:
Composite (50 bonds)
do.
Industrials (10 bonds)
...do.
Public utilities (20 b o n d s ) . . .
do.
Rails (20 bonds)
do.
Defaulted (15 bonds)
do...
Domestic municipals (15 bonds)
do...
Yields, Standard a n d Poor's Corporation:
Domestic municipals (15 b o n d s ) - . p e r c e n t .
Stocks:
Prices, Standard a n d Poor's Corporation:
Combined index (402stocks)..1935-39=100.
Industrials (354 stocks)
do...
Capital goods (116 s t o c k s ) . . .
do...
Consumers goods (191 stocks)
do...
P u b l i c utilities (28 stocks)
do__.
Rails (20stocks)
....do...
Yields, Standard arid Poor's Corporation:
Preferred stks, high-grade (15 stks) ..percent
37,100
14,5i
924
2,06:
3,616
6,506
4,360
5,174
118.9
118.
117.
118.0
98.9
108.
104.5
83.9
25.5
124.4
99.9
104.8
107.1
87.8
23.9
130.4
98.9
107.4
102.2
87.1
26.4
122.1
98.1
107.7
103.5
83.0
24.0
123.3
2.32
2.03
2.45
2.38
68.2
70.6
71.5
69.
58.4
62.9
83.2
84.2
88.4
80.2
81.8
73.8
63.
64.7
66.3
62.9
57.2
60.3
66.1
68.2
69.0
67.6
53.8
59.0
4.32
4.05
4.48
4.40
[85,446 601,002
05,503 487,982
T
4,345
47,402
'5,440
10,035
.06,382
623,687
501,343
82,268
378,472
18,731
TRANSPORTATION
Financial operations (class I steam railways):
Operating revenues, t o t a l . .
thous. of d o l . 665,182
Freight
_
- d o . . . 533,086
Passenger
d o . - , . 91,939
Operating expenses
do
190,477
N e t railway operating income.
do
33,001
FUELS AND BYPRODUCTS
Coal:
Bituminous:
Industrial consumption, total
thous. of short tons.. 34,268 !1,510 34,501
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons-. 77,591 47,051 67,418
69,011 40,451 60,618
Industrial.—
--do
Retail dealers, total
_
do.... 8,580 6,600 6,800
Coke:
Production:
700
'610
661
Beehive
do
Byproduct..
—
—do.—. 6,312 6,020 5,276
Stocks, end of month:
1,409 1,450 1,432
Byproducts plants, total
—
—do
975
874
999
At furnace plants
.._do
457
577
At merchant plants.
do
470
73,271
65,691
7,580
'675
5,118
1,405
969
435
LEATHER AND PRODUCTS
Production, boots, shoes, and slippers:
Total.
thous. of pairs- 41,489 45,237
509
459
Athletic.
do—
258
162
/All fabric (satin, canvas, etc.).
do—
684
666
Part fabric and part leather.-..do—
High and low cut, leather, total
d o . . . 35,778 38,219
3,668 1,215
Government shoes*.,
do
Civilian shoes:
1,825
1,572
Boys' and youths'.
do._.
2,558
2,151
Infants'
—do
4,251
3,595
Misses' and children's
do
0,291
8,574
Men's
_.do
8,079
L6,217
Women's.
do
Slippers and moccasins for housewear
4,892
thous. of pairs- 3,791
675
633
All other footwear
do—.
TEXTILE
10,771
504
478
883
34,046
3,614
39,643
'481
'395
'555
33,416
3,675
1,412
2,187
3,344
8,557
14,932
'1,459
2,124
3,603
'8,311
14,245
3,577
1,283
'3,777
'1,018
PRODUCTS
Cotton manufactures:
Finished cotton cloth, production:
Bleached, plain
thous. of y d - 89,214 68,211 12,142 192,091
Coal production:
Dyed, colors
d o — 50,832 34,584 15,423 [47,654
5,196
6,360 5,573
5,730
5,180
Dyed, black
do
5,122
5,441
Anthracite
...thous. of short tons.
5,341
61,287
55,732 98,704 72,813
Bituminous
•..
d o . . . [7,160
Printed
do
L8,410 47,700
6,651
1 Data for August 1942 are for 5 weeks; other months, 4 weeks.
*See note on corresponding item in the August Survey.
' Revised.
• Less than $500,000.
jSee note on corresponding item of the August Survey.
» Preliminary.
§Data for all groups except trade and financial service and miscellaneous groups have been revised and are not comparable with data shown previously. Revised data
cot shown here will appear in an early issue of the Monthly Survey.
FUELS AND BYPRODUCTS
@FedFRASER