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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 18, 1941
SUMMAKY OF BUSINESS TRENDS
USINESS continues to operate at an extremely high level,
B
though output gains comparable to those of the first 7 months
were confined to the defense industries. Some industries were
holding steady, while others recorded slight recessions. Steel
production has been at 96 percent of capacity, but complaints of a
shortage of scrap have multiplied. Bituminous coal output
is moving up as it usually does at this time and now is approaching the March level, the peak for the year thus far. Production
of this commodity is about one-fifth above a year ago. Automobile production for the first 2 weeks of September has been
estimated at about 85,000 units, lower than the early September
output in 1940. Production is now expanding with the completion of model changeovers, but output for the first 5 months
of the 1942 model year is to be restricted to 67.8 percent of last
year's total.
Freight carloadings recovered the fall stride after temporarily
receding in the holiday week. With the year's peak demand for
cars approaching, the Transportation commissioner announced
that, while there were 1,589,000 railway-owned serviceable
cars on line on August 15, the new cars to be available on October
1 are now expected to be 20,000 less than originally anticipated.
Deliveries of new freight cars were only 5,500 in July, the latest
month for which data are available, inability to obtain materials
reputedly having held down production.
The growing seriousness of material shortages was further
underlined last week by announcement of the Supply Priorities
and Allocations Board that expansion [of productive capacity
to meet purely civilian demand cannot be undertaken at this
time if the expansion would require the use of large quantities
of material critically needed for defense. In this connection,
materials were denied for the construction of a large plant to
manufacture plastics, as well as for the projected petroleum
pipe line to the East Coast.
Data on July exports and imports have now been compiled and
reveal a small advance from the previous month. Exports were
$349 million in July as compared with $324 million in June, while
imports rose from $261 million to $265 million. The largest
increase in exports occurred in shipments of firearms and ammunition and various food products. Export of food products as a
whole totaled $46 million as against $33 million in June, with a
particularly sizable increase in export of packing house products.
Shipments of firearms and ammunition amounted to $19.8
million. Export of aircraft, including parts and accessories,
were up slightly to $43 million, but this was still below the $54
million peak in May. Gains on the import side centered in
such strategic materials as rubber, tin, and copper, with the
movement of other necessary materials continuing heavy.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
ELECTRIC POWER PRODUCTION
FREIGHT-CARLOADINGS
(PERCENT OF CAPACITY)
(BILLIONS OF KILOWATT HOURS)
(THOUSANDS OF CARS)
AUTOMOBILE
PRODUCTION
( THOUSANDS OF VEHICLES)"
BITUMINOUS COAL PRODUCTION
MISCELLANEOUS CAR LOADINGS
(DAILY AVERAGE-THOUSANDS OF TONS)
(THOUSANDS OF CARS)
CRUDE OIL RUNS-TO-STILLS
5.0
4.5
.
6
5
3.5
4
3.0
2.5
3
looooi
*
^
1940-^
_,>-
"
.
1
1939 ^
1
.
.
1
.
.
.
EXPORTS OF U. S. MERCHANDISE
PRICE INDEX OF 2 8 BASIC COMMODITIES
(AUG. 1939- 100)
140
{NUMBER SELECTED FOR APPRAISAL ON HOMES TO 8£ BU1T)
(BILLIONS OF DOLLARS)
7
4.0
160
F.H.A. HOME MORTGAGES
COMMERCIAL LOANS
< MILLIONS OF BARRELS-DAILY AVERAGE)
(MILLIONS OF DOLLARS )
j
120
100
80
. . 1. , 1 , , I , .
1938
412012—41
, . i,,
LlM
1939
1940
i..
1941
i,,
1938
1939
1940
WEEKLY BUSINESS INDICATORS*
[Weekly average, 1923-25=100, except as indicated]
129.3 130.5 130.8 130.9 110.6 108.6 104.6 101.4
.9 111.4 100.3 97.6
136.9 137.1 137.6 138.
152.7 154.3 155.6 157.1 131. G 129.3 114.0 110.8
90.0
86.7
87.0
90.9
151.0
89.6
86.4
86.7
90.7
150.6
98.4 97.9 97.7 97.0
85.5 85.5 85.5 85.5
68.4 66.2 64.0 62.5
141.4
96.7
85.
61.4
89.5
91.0
89.1
88.6
91.4
156.5 153.8
90.6
88.6
88.2
91.1
162.7
77.9
66.8
71.3
82.5
109.0
78.0 79.3 78.4
67.6 69.7 68.1
71.6 75.5 74.5
82.3 82.4 81.7
109.6 123.6 119.8
81.8 82.0 82.5 80.2
81.2 78.3 85.5 78.3
36.0 36.4 34.9 36.0
97.4
83.2
83.7 95.8 94.4 93.5 84.4 73.0 84.0 69.5
122 152 119 114 123 109 112 99
107.2 102.2
97.5
116.0
61.0 68.3 8.5
57.0 57.0 57.0 57.2 57.0
Finance—Continued.
Stock pricest
Banking:
Debits, outside N. Y. C.t--Federal Reserve reporting
member banks:
Loans, total
Interest rates:
Call loans*-..
__
Time loansj-.
_
Currency in circulation}:
_
Production:
Automobiles „__:
Bituminous coalj
Cotton consumption!
Electric powercP
Lumber..
Petroleum^.
Steel ingots®
Receipts, primary markets:
Cotton
„_
Wheat..
1939
Sept. Sept. Sept. Sept.
Sept. Sept. Aug. Aug.
30 23
Sept. Sept. Aug. Aug. Aug. Sept. Sept. Sept. Sept.
16
23 16 14
30
6
13
Business activity:!
New York Times§
___.
Barron's
Business Week
Commodity prices, "wholesale:
Dept. of Labor:
Combined index, 1926=100
Farm products
Food
Allother.
28 basic commodities©
Fisher's index, 1926=100:
Combined index
Copper, electrolytic?
Cotton, middling, spot
Construction contracts!
Distribution:
. Carloadings
...
Department store sales A
Employment, Detroit, factory...
Finance:
Bond yieldsj..
....
1940
1941
1939
1940
1941
94.5 94.2 93.7 93.6 97.3 99.6 114.3 110.1
in.:
110.1 129.9 114.0 123.3
90.9 96.5 91.7 99.2
87.8 87.2 85.6 85.5 85.3 69.3 68.5 66.5 66.5
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
206.8 206.7 204.6 202.8 202.0 166.6 166.6 149.2 149.4
67.6 41.9 50.8 57.9 57.9 80.4 50.4 54.0 34.2
112.7 107.4 105. 105.1 89.4 93.4 88.7 91.4
182.3
. 186.0 190.1
145.3
149.9 150.3
51.5 151.4
57.1 63.: 65.4
189.2 198.6 197.1 196.0
174.5 173.4 173.8 173.2 172.2
130.4 133. 2 131...3 128.6
7 118.9 111.5
130.2
57.4 121.
47.4 52.9 44.9
180.9 179.7 169.7 160.1
157.6 141.5 120.6 100.7
37.3 50.0 50.0 87.3 75.4 192.7 151.9
114.6
120.0 116.4
138.8 134.0 143.9 127.2 125.3 129.8
•Data do not cover calendar weeks in all cases.
ISeasonally adjusted.
tDaily average.
cTWeekly average, 1935-39=100.
§Computed normal=200. Index revised beginning Jan. 8, 1938; revised data not given in the issue of Jan. 23,1941, and subsequent issues will be shown later.
<g>Index for week ended Sept. 20 is 173.1. Data for 1941 are based on production of steel ingots and steel for castings.
©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 9
1940
1941
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New Yorkt
dol, per lb~
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..
BankingFINANCE
Debits, New York City
mil. of dolDebits, 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
do
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 (N. Y. S. E.)
thous. of dol. par value..
Bond yields (Moody's) (120bonds)t..
..percent
Stock sales (N. Y. S. E.)
....thous. of sharesStock prices (N. 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
1938
1939
Sept. 7 Sept. 16
Sept. 9
Sept. 17 Sept. 10
Sept. 13
Sept. 6
Aug. 30
Aug. 23
Aug. 16
Sept. 14
0.118
.180
3.34
38.15
1.16
0.118
.180
3.28
38.15
1.12
0.118
.174
3.26
38.15
1.08
0.118
.170
3.21
38.15
1.08
0.118
.167
3.21
38.15
1.07
0.112
.098
2.31
37.94
.74
0.108
.099
2.32
37.81
.75
0.118
.095
2.45
36.76
.86
0.108
.098
2.32
36.01
.87
0.099
.0S0
2.44
36.50
.65
0.099
.081
2.42
36.50
.63
2,944
5,105
3,280
5,020
3,394
5,720
3,243
5,179
2,783
4,217
2,442
3,731
4,345
4,256
2,897
3,833
3,260
3,842
2,373
3,260
2,255
2,184
13,158
5,111
2,241
2,184
12,884
4,857
3,304
5,286
2,281
2,184
12,998
4,994
2,272
2,184
13,037
5,058
2,247
2,184
12,948
5,027
2,485
2,434
13,596
6,541
2,490
2,434
13, 524
6,494
2,873
2,824
11,626
5,271
2,643
2,594
11,141
4,969
2,596
2,564
8,425
3,131
2,592
2,564
8,269
3,034
24,503
5,431
18,255
11,183
24,349
5,426
18,335
11,251
24,453
5,431
18,410
11,292
24,455
5,435
18,337
11,279
24,245
5,434
18,211
11,247
21,079
5,360
15,629
9,377
20,901
5,358
15,622
9,373
18,288
5,233
14,074
8,489
18,040
5,235
14,084
8,512
15,443
5,238
12,629
7,794
15,267
5,217
12,601
7,792
3,313
10,975
3,316
10,903
3,316
10,697
3,314
10,688
3,312
10,663
2,587
8,665
2,584
8,5G6
2,222
8,315
2,219
8,305
1,670
8,335
1,655
8,241
6,310
1.00
1.25
M.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
6,180
1.00
1.25
•4.030
227
9,850
6,146
1.00
1.25
•4.032
230
4,480
1.00
1.25
« 4.032
177
8.090
4,159
1.00
1.25
3.925
269
7,246
4,075
1.00
1.25
4.053
209
7,257
3,905
1.00
1.25
4.801
1.00
1.25
4.821
9,807
4,571
1.00
1.25
* 4.032
249
8,090
6,565
6,574
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
f.9.8
28.1
29,570
3.30
2,183
91.02
78.3
92.8
68.8
28.0
29,670
3.29
2,216
90.93
78.0
92.3
68.9
27.8
23,090
3.52
2,247
94.49
79.6
91.9
80.8
26.2
28,950
3.52
3,507
96.75
81.2
93.8
81.6
27.5
97,980
3.94
17,295
111.04
95.5
113.7
84.7
31.2
204,300
3.95
17,539
106.94
92.0
109.5
83,2
27.6
35,320
4.16
7,679
94.68
81.4
98.5
68.6
23.2
20,140
4.11
2,995
98.74
89.3
107.9
74.5
27.1
53,165
32,940
1,920
3,096
3,815
96.3
1,829
3,224
4,005
96.5
45,525
1,792
3,193
3,975
96.2
22,701
45,550
1,790
3,201
3,953
95.6
14,373
63,240
1,523
2,773
3,647
91.9
15,645
39,665
1,591
2,592
3,624
82.5
42,445
1,510
2,532
3,422
70.2
13,354
26,865
1,557
2,376
3,229
58.6
16,100
1,254
2,279
3,239
45.3
9,467
17,485
1,322
2,110
3,207
70,802
337,592
47,750
43,536
12,462
158,3U
76,548
390,305
899, 750
182,632
50,445
43, 625
12,013
157,102
77,019
376,914
890,374
181,204
50,365
44,375
10,930
156,256
78,847
368,397
804,309
151,307
40,434
42,494
17,379
156,442
73,645
322,608
695,094
128,366
34,657
37,254
15,876
134,579
69,487
274,875
800,431
158,436
35,137
50,112
19,384
162,856
56,454
318,052
662,357
128,331
29,980
36,136
16,651
135,592
49,478
266,189
660,163
127,151
30,9S6
35,896
16,728
156,808
27,446
265,148
568,707
104,750
26,619
30,517
14,667
134,392
24,994
232,768
219
202
178
9,256
247
245
97
11,554
237
230
130
11,043
205
239
130
10,663
267
274
227
11,446
241
252
196
10,115
501
9,965
395
10,329
480
9,023
9,620
PRODUCTION, CONSTRUCTION, AND
Production:
DISTRIBUTION
Automobiles!
number .
Bituminous coal*
..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 "
Receipts:
Cattle and calvesf
_
..thousands
Hogsf
_...do
Cotton into sight
.thous. of bales..
Wheat, at primary markets.^.
..thous. of bu . . .
96.9
797, 740
162,767
38,686
36,878
12,617
298
9,549
912,720
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.
0 Rate for week ended Sept. 20, is 96.1; 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.
t Receipts at Buffalo and Cincinnati are now included and receipts at Oklahoma City and Wichita, formerly included, are omitted.
A P 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
1941
1940
August August
1941
June
July
Earlier data are available in monthly issues of the
Survey and the 1940 Supplement
1941
1940
August August
1941
June
July
TRANSPORTATION AND
COMMUNICATIONS—Continued
Class I steam railways—Continued.
97.7
92.9
99.6
102.6
Freight carloadings—Continued.
Combinded index, unadj.—Continued.
80
98.7
91
98.1
97.0
100.0
Livestock...
1923-25=100.,
99
101
96
91.5
90.1
89.1
93.3
Merchandise, 1. c. 1
do
271
283
2f>5
244
95.3
96.9
92.2
100.4
Ore...
.
do
141
139
141
110
100.4
102.4
94.6
104.9
Miscellaneous
do
139
138
139
112
91.3
80.0
97.1
93.3
Combined index, adjusted
do
15S
150
156
124
Coal
do
199
200
189
162
Coke
do....
152
149
136
115
Forest products
do
103
112
12f>
96
529,561 397,253 589,221 958,663
Grains and grain products
do
84
83
88
96
Livestock
do
99
100
102
95
Merchandise, 1. c. 1.
do
155
156
152
139
17,124
8,776
7,285
Ore...
do....
9,567
141
140
139
110
9,594
3,112
868
Miscellaneous
do
3,006
4,825
3,878
4,049
2,910
FOODSTUFFS
AND
TOBACCO
2,706
1,786
2,051
2,368
Stocks, cold storage, end of month:
Butter, creamery
thous. of lb._ 200, 539 L34,266 .20,246 178,493
184,624 149,188 .42,369 168,420
Cheese, total
do
219
215
202
221
Egss:
216
214
192
218
6,427
7,241
' 6,641
Shell
...thous. of cases.. 6,134
233
231
220
234
Frozen
thous. of lb_. L93,972 45,653 178, 594 195,097
203
197
204
184
Fish, total (15th of month)
d o . . , . 88,004 76, 479 55,117 ' 73, 922
223
219
223
914
•• 1,102
1,233
796
Total meats
mil. oflb..
Beef and veal
1...thous. of lb._ 67,477 35,663 68,442 ' 65, 708
198
196
198
' 3, 211
3, 638
3,192
3,309
Lamb and mutton
.do
260.4
258.2
263.1
771,205 389,854 l,0S6,3S9 959,146
Pork, total
do
482,992 417, 564 703,893
Fresh and cured
do
288, 213 !72, 290 382, 506 '340,280
Lard
do
Poultry
do..— 85,276 82,178 85, 573 ' 81, 206
30,442 28,974 31,202 30,637 Livestock:
Cattle and calves:
3,887
3,824
3,712 3,571
Receipts, principal markets
1,624
1,697
1,785
thous. of animals. . 1,728
Disposition:
145,519 101,512 131,439 121,176
1,031
1,025
1,079
Local slaughter
do
57,803 42, 692 52,872 48,305
605
680
574
833
Shipments, total..
do
87,716 58,820 78,568 72,870
235
228
401
Stocker and feeder
.
do....
Hogs:
FINANCE
2,036
2,305
2,177
Receipts, principal markets
do
Banking:
Disposition:
Bank debits, total (141 cities)..--..mil. of d o l - 39,102 29,918 42,135 40,948
1,473
1,707
1,361
1,497
Local slaughter.
_
do
15,079 11,604 17,282 16, 288
New York City
do.
529
560
582
677
Shipments, total
do_.24,023 18,314 24,853 24,660
Outside New York City
do.
54
51
37
Stocker and feeder
do
Security markets:
Sheep and lambs:
Bonds:
2,023
1,779
2,068
Receipts, principal markets
do
Prices:
Disposition:
Average price of all listed bonds (N. Y. S. E.)
933
922
876
971
Local slaughter
do
95.04
91.33 94.80
dollars-. 94.86
834
1,104
924
1,188
Shipments, total...
do
98.92
95.72 98.60
98.58
Domestic
_
do
241
150
377
383
Stoeker
and
feeder.
_
do
47.11
43.28
48.85
47.79
Foreign
do
Tropical products:
111.7
106.7 111.5
111.1
U. S. Treasury bonds!-..
do
Coffee, visible supply, United States
Value, issues listed o n N , Y . S . E . :
2,224
2,064
thous. of bags.. 1,879
Sugar.
Face value, all issues
mil. of doL. 56,101 53,914 56,159 56,041
51,900 49,399 51,952 51,836
Domestic issues
do
Raw sugar:
4,205
4,201 4,515 4,207
Foreign issues
_do
United States:
53,217 49,239 53,237 53,260
Market value, all issues
-do
Meltings, 8 ports
long tons.. 417,387 318,357 402,504 405,663
51,165 47,285 51,227 61,279
Domestic issues
do.
506,133 474,426 654,105 653,041
Stocks at refineries, end of month..do
2,052 1,954 2,010
1,981
Foreign issues
__
FUELS
AND
BYPRODUCTS
Yields:
Moody's:
Coal, production:
3.34
3.29
Domestic corporate
percent..
3.30
3.55
Anthracite
thous. of short tons.. 5,246 3,883 "4,891 ' 4 , 6 8 1
By ratings:
-•45,650 39,010 '42,774 * 43,300
Bituminous...
do
2.74
2.74
2.85
2.77
Aaa—
do.
LEATHER
AND
PRODUCTS
3.03
2.90
2.90
2.95
Aa
do.
3.55
3.24
3.26 Hides and skins:
3.31
A..
do.
4.76
4.31
4.27
Baa...
do.
4.28
Livestock (federally inspected slaughter):
By groups:
867
842
Calves
thous. of animals..
3.12
2.90
2.96
Industrials
do
2.90
414
440
445
432
Cattle
do....
3.23
3.06
3.10
Public utilities
do....
3.07
2,796
3,006
3,336
3,045
Hogs
_
.do
3.92
3.95
4.30
Rails
do
3.92
1,569
1,522
1,378_
1,489
Sheep
and
lambs
_
.
.
_
.
.
.
_
_
_
.
.
d
o
.
.
.
.
1.94
1-91
_ S. Treasury bonds
__. _.do
1.90
METALS AND MANUFACTURES
Stocks:
Cash dividend payments and rates (Moody's):
Iron ore, Lake Superior district:
Total annual payments at current rates (600
Shipments from upper lake ports
companies)
mil. of dol__ 1,822.61 1,713.08 1,823.85 1,821.08 p i g i r o n .
thous. of long tons.. 11,430 10,480 10,731 11,331
Number of shares, adjusted
millions.. 938.08 936.43 938.08 938.08
Furnaces in blast, end of month:
Dividend rate per share (weighted average)
Capacity!
short tons per day.. 155,020 137,500 153,600 153,190
1.94
1.94
1.83
1.94
(600 companies)...
_.dollars..
211
211
190
213
Number...
3.01
3.01
3.01
3.01
Banks (21 companies)
do
4,771
Production!
--.thous. of short tons.. 4,791 4,238 4,553
1.93
1.93
1.79
1.93
Industrials (492 companies)
do
2.59
2.59
2.54
2.59 Steel ingots and steel for castings:!
Insurance (21 companies)._.
do
6,822
6,801
6,186
Production.
_
thous. of short tons.. 7,001
1.92
1.95
1.96
1.92
Public utilities (30 companies)
do
93
96
90
Percent of capacity...
_.
1.56
1.57
1.36
1.5G
Rails (36 companies)
do
Nonferrous
metals
and
products:
Shares listed, N . Y. S. E.:
Metals:
Market value, all listed shares._.mil. of doL. 41,472 40,706 39,603 41,654
Copper:
1,463
Number of shares listed
millions.. 1,464 1,454 1,463
Production:
Yields:
Mine or smelter (including custom in5.8
6.1
5.6
5.9
Common stocks (200), Moody's
percent..
take)
...
short tons.. 84,977 79,967 82,558 '82,099
4.5
4.5
4.7
4.6
Banks (15 stocks)
...do....
Refinery
do.... 85,420 80,851 88,560 86,879
5.8
6.2
5.6
5.9
Industrials (125 stocks)
do....
117,262 97,719 115,139 143,122
Deliveries,
refined,
total
do
4.0
4.2
4.8
3.9
Insurance (10 stocks)
do.
Domestic.
. . . d o , . . 117,262 96,383 115,097 143,089
6.4
6.5
5.7
6.4
Public utilities (25 stocks).
do.
74,384
72,154 198, G55 93,164
Stocks,
refined,
end
of
month
do..5.9
6.4
5.6
6.0
Rails (25 stocks)
___
do,
TRANSPORTATION AND
Cotton*
TEXTILE PRODUCTS
COMMUNICATIONS
Consumption
--bales.. 874,113 654,503 875,137 928,943
Class I steam railways:
Rayon:
39.4
38.3
34.0
Deliveries (consumption), yarn* mil. of lb. 37.3
Freight carloadings (Fed. Res. Indexes):!
4.1
3.6
4.6
9.9
Stocks, yarn, end of month
do...
Combined index, unadj
1923-25=100-113
140
136
138
Coal
do.
109
139
131
127 Silk:
Coke
do
136
167
170
Deliveries (consumption)
bales. 2,069 30,189 24,251 28,528
172
121
160
Forest products
_
do
141
Stocks, end of month:
149
117
125
Grains and grain products
._
do
47,208
123
United States (warehouses)
do..., 53,988 46,898
. 103
r
Revised. 5 Data for August 1940 and July 1941 are for 5 weeks; other months,4 weeks,
t Revised series. See note on corresponding item in the August 1941 Survey.
* New series. See note on corresponding item in the August 1941 Survey,
COMMODITY PRICES
Retail prices:
Fairchild's index:
Combined index
...Dec. 31, 1930=100Apparel:
Infants'
do
Men's.
-_do—
Women's
_
do—
Home furnishings
do—
Piece goods
do—
CONSTRUCTION AND REAL ESTATE
Engineering construction:
Contract awards (E. N. R.)§.
thous. of dol..
Highway construction:
Concrete pavement contract awards:
Total!
_
thous. sq. yd~
Airports*.
do....
Roads.-do
Streets and alleys
do
Construction cost indexes:
American Appraisal Co.:!
Average, 30 cities...
...1913=100..
Atlanta
do....
New York
do
San Francisco
do
"~StrLouis_ _____:__.. _v.L_i--__-—....do
Associated General Contractors (all types)
1913=100..
Engineering News Record (all types)
do
DOMESTIC TRADE
Postal business:
Receipts, postal:
50 selected cities
thous. of dol_.
50 industrial cities
.do
Retail trade:
Mail-order and store sales:
Total sales, 2 companies
do
Montgomery Ward <fe Co
do
Sears, Roebuck & Co
do....
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
1941
1940
July
July
1941
1940
July
July
Alay
37, 509
1,812
2,459
4,210
11,394
17, 633
4,782
634
28,478
1,391
1,710
3,437
8,018
13,922
4,047
479
34,263
1,664
2,188
3,817
11,325
15,268
3,037
1,063
1,019
952
734
891
1,590
799
440
625
709
1,912
767
646
759
701
1,795
1,747
.do
do
do
do
do
607
642
693
593
1,685
495
326
570
469
1,962
560
535
570
516
1,523
637
628
614
543
1,593
do
...do
do
do
do
692
715
831
742
510
579
627
900
797
787
664
744
867
771
814
695
750
4,981
7,939
4,349
2,373
1,385
2,249
4,667
5,579
4,298
5,851
7,335
4,095
1,182
1,932
1,082
602
497
577
1,278
1,454
1,207
1,525
1,850
1,130
1941
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
May
June
CONSTRUCTION AND REAL ESTATE
LEATHER AND PRODUCTS—Continued
Real estate."
Estimated new mortgage loans by all savings
and loan associations, total... thous. of dol.
Classified according to purpose;
Mortgage loans on homes:
Construction
do-._
Home purchase
do...
Rennancing--.do..-,
Repairs and reconditioning—
do...
Loans for all other purposes
do__.
Classified according to type of association:
Federal
thous. of dol.
State members
do
Nonmcmbers
do..~
Loans outstanding of agencies under the Federal
Home Loan Bank Board:
Federal Savings and Loan Ass'ns, estimated
mortgages outstanding
thous. of dol.
Fed. Home Loan Bks., outstanding advances
to member institutions
.thous. of doL.
Home Owners' Loan Corporation, balance of
loans outstanding
thous. of doL
Leather manufactures—Continued.
Production, etc.—Continued.
Total—Continued.
High and low cut, leather, total
thous. of pairs.
Boys' and youths'
do___
Infants'do...
Misses' and children's
do...
Men's§
do.
Women's
do,
Slippers and moccasins for house wear. do.,.
All other footwear
do...
132,972 114,301 130,953
133,640
44,918
55,682
16,816
6,022
9,534
39,907
40,658
17,649
6,115
9,972
40,975
54,781
18,506
5,930
10,761
44,207
55,993
17, 891
5,633
9,916
56,564
55,676
20,732
48,676 55,396
45,414 54,495
20,211 21,062
57,542
54,857
21,241
1,717,507 1,432,100 1,657,64: 1,688,297
168,145 162,222 145,273
169,897
1,854,82- 2,004,737 1,885,087 1,870,305
DOMESTIC TRADE
Postal business:
Money orders:
Domestic, issued (50 cities):
Number
thousands.
Value
.
thous. of dol_
Domestic, paid (50 cities):
Number
thousands.
Value
thous. of dol.
Foreign, issued—value
. _.
do. -.
Retail trade:
Chain-store sales, indexes:
Drug chain-store sales: *
Unadjusted
1935-39=100,.
Adjusted
do
Variety-store sales, combined sales, 7 chains:
Unadjusted..
1935-39*= 100..
Adjusted
...do
4,702
47,643
4,226 4,794
40,144 46,898
4,821
47,001
14,833 13,106 14,802
122,895 100,955 116,544
1,519 1,155
<)
14,516
116, 275
1,133
June
32,720
1,683
' 2,461
>• 3,870
10,937
13,768
'4,427
' 1,020
LUMBER AND MANUFACTURES
Softwoods:
Southern pine:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
Western Pine:
Orders, new
,
Orders, unfilled, end of month
Production
Shipments
Stocks, end of month
West Coast Woods:
Orders, new
Orders, unfilled, end of month
Production
Shipments.
Stocks, end of month
mil. bd. ft,.
do
do
do
do
824
670
718
METALS AND MANUFACTURES
P
109.1
M14.5
99.4
103.8
112.2
116.0
109.7
116.1
pill.8
v 122.0
97.6
106.5
110.2
114.0
111.3
116.8
EMPLOYMENT CONDITIONS AND
WAGES
National Industrial Conference Board:
Average weekly hours per worker in factories
hours..
41.0
Factory average weekly earnings
dollars.. 33.70
.822
Factory average hourly earnings
do
TRANSPORTATION AND
COMMUNICATIONS
Travel:
Operations on scheduled airlines:
Miles
flown
.thous. of miles.. 12,084
Express carried
pounds,. 1.819,48C
Passengers carried
number.. 398,434
Passenger-miles
flown
thous. of miles.. 147,419
Communications:
Telephone carriers:
Operating revenues..
_„thous. of dol..
Operating expenses.
do
Net operating income
do
Phones in service, end of month, .thousands..
Telegraph and cable carriers:
Operating revenues, total
thous. of dol..
Telegraph carriers, total
do
Western Union Telegraph Co., revenues
from cable operations
thous. of dol..
Cable carriers
do
Operating expenses t
do
Operating income t
do
Net income t
do
Radiotelegraph carriers, operating revenues,
thous. of dol..
FOODSTUFFS
Meats:
Total meats:
Corsunrption, apparent
mil. of lb._
Production (inspected slaughter)
do
Beef and veal:
Consumption, apparent..
thous. of lb_.
Production (inspected slaughter)
do
Lamb and mutton:
Consumption, apparent
..do
Production (inspected slaughter)
do
Pork (including lard):
Consumption, apparent
._.do
Production (inspected slaughter), total
thous. of lb_.
Lard
do-
1941
38.1
28.16
.740
41.3
33.12
41.7
' 34.26
8
10,121 11,668 11,472
1,056,999 1,462,121 1,544,111
296,539 363,954 380,990
12,377 133,979 141,826
106,593
71,850
19,204
19,138
L19,933
77,576
24,049
20,366
120,113
76,626
25,005
20,443
10,773
9,906
12,850
11,830
12,728
11,731
543
867
9,873
204
<*293
514
1,020
10, G91
1,330
873
997
10,516
637
267
1,149
1,354
1,337
1,152
1,122
1,327
1,239
1,190
37,155
38,669
57,969
24,205
36,464
197.1
201.9
101.8
104.3
203.2
160.9
202.7
183.9
240.8
454.1
113.8
155.0
251.7
429.7
237.1
408.7
342.5
170.2
303.0
289.1
11,644
976
5,241
421
9,689
646
11,626
945
PAPER AND PRINTING
>95,749 723, 277 623,078
03,983 139, 714 115, 719
34,012 41,174 ' 39,780
320
471
437
289
308
563
•-854
380
910
Cotton manufactures:
Finished cotton cloth, production:
Bleached, plain
thous. of yd.. L68,211 ,20,709 :82,003 158,569
34,584 92,116 L45,612 125,282
Dyed, colors
_
do
6,360
Dyed, black
...do
6,491
5,890
6,989
98,704 88,482 L19,222
Printed
.do
96,871
79, 493 558,783 525, 989
71,496 538,542 512,112
(*)
61,853
54,886 65, 301
55,019 64,752
54,915
54,458
117,900 362,123 658,549
LEATHER AND PRODUCTS
leather manufactures:
Production, boots, shoes, and slippers:
Total
thous. of pairs.. 44,353
Athletic
do
500
All fabric (satin, canvas, etc.)
do
231
Part fabric and part leather
do
36,988 38,779
42,048 35,343 46,104
54,067 52,560 69,382
19,172 47,360 34,018
Wood pulp:
Production:
Total, all grades
Chemical:
Sulfate, total
Unbleached
Sulphite, total
Bleached
Soda
Groundwood
Stocks, end of month:
Total, all grades—_„....—
Chemical
Sulfate, total.
Unbleached
Sulphite, total
Bleached..
Soda.
Groundwood..
Paperboard:
Consumption, waste paper
Orders, new..
Production
Waste paper stocks, at mills
565,041
594,970
108,395
Furniture, steel:
Office furniture:
Orders, new
.thous. of dol._
Orders, unfilled, end of month
do
Shipments
do
Shelving:
Orders, new
do
Orders, unfilled, end of month
do
Shipments
do
Nonferrous metals:
Lead:
Ore receipts, lead content of domestic ore
short tons..
Refined:
Production from domestic ore
do
Shipments (reported),.
do
.Stocks, end of month
do
Electrical equipment:
Domestic appliances, sales billed:
Combined index, excluding refrigerators:*
Unadjusted index...
1936=100-_
Adjusted index
.,.do
Electrical products:
Industrial materials, sales billed
__do
Motors and generators, new orders
do
Transmission and distribution equipment,
new orders
1936=100..
Furnaces, electric, industrial, sales:
Unit
kilowatts..
Value
thous. of dol_.
short tons.. 74,316 706, 202 843,568 803,183
do
do
do
do
do
.do
355,782
298,831
235,400
140,525
48,184
134,950
.do
136,400 L45,700 176,600 169,200
...do....
_do
.do
...
do
do...do
do
do
do
do
310,147
264,238
217,261
135,779
45,723
[33,071
377,850
317,245
244,139
'46,712
50,304
171,275
366,582
307,094
239,636
145,247
49,365
147,600
18,900
14,400
43,100
26,300
5,300
69,100
12,800
9,200
63,600
40,700
5,100
64,200
28,600
22,600
56,600
32,900
7,300
84,100
25,500
19,900
54,800
34,400
6,800
82,100
384,765
569,252
503,620
272,317
399,781
398,191
429,561
251,823
377,595
572,522
526.286
269,737
374,185
525,325
504,413
26-1,631
TEXTILE PRODUCTS
T
Revised.
<* Data for June are the latest available.
» Preliminary.
. <* Deficit.
• New series. See note on corresponding item in the August 1941 Survey.
f Revised series. See note on corresponding item in the August 1941 Survey.
§ Data for 1941 include a small number of pairs of shoes other than men's leather (nurses athletic, etc.) made for Government contract
U. S . GOVERNMENT PRINTING OFFICE; 1 9 4 1
@FedFRASER